Cloud Bookkeeping Blog

Are gifts to your employees, clients, and suppliers claimable as a business expense?

For gifts such as wine, food, hampers, vouchers, etc., these are not considered to be entertainment. A gift made to a former or current client if the gift is characterised as being made for the purpose of producing future assessable income.

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How to build COVID Safe Plan for your business

A COVID Safe Plan supports a business in the protection of its staff, customers, and visitors. It also prepares for a suspected or confirmed case of coronavirus (COVID-19) in a workplace.

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Energy Cost Assistance to Business during COVID-19

The Australian Energy Regulator (AER) has set reasonable expectations of energy companies to protect small business customers during the COVID-19 pandemic.

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Commercial Rent Relief during COVID-19

You can find out how to access assistance through your relevant state or territory for commercial rent relief during COVID-19

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JobKeeper 2.0 Ongoing actual decline in turnover

Less employers, less employees, lower rates and two different tiers for JobKeeper 2.0. Plus, Fair Work JobKeeper discretions continue (for some).

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JobKeeper Record Keeping Best Practice

Employers need to satisfy record keeping requirements to be entitled to JobKeeper payments. These include...

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Fair Work Annual Wage Review 2019-2020

Get ready for a 1.75% increase to base pay rates following the Fair Work Annual Wage Review 2019-2020.

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End of Financial Year - JobKeeper Receipts

JobKeeper Subsidy is a reimbursement for expenses incurred by the employer within each month. Accounting purpose, Tax purpose, Eligible Business Participants.

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How to access my income statement (payment summary, group certificate) on MyGov

Income Statement is the new term for employees' payment summaries. This article will show you how to access the information on MyGov ATO service online.

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How to Write Off Bad Debt in Xero Properly

This article will describe steps that you can take to write it off bad debt in Xero properly.

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JobKeeper - Eligible Employees - Decline in Turnover

Here are all the steps to enrol you in the JobKeeper system and templates to meet all your eligibility and record keeping requirements

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Small Business Superannuation Clearing House uses myGovID

Any business that uses the Governments Small Business Superannuation Clearing House directly will NOT be able to use Auskey after 27 March 2020.

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ATO New Record Keeping Resources

The resource provides a central source of information, covering the core record-keeping requirements for businesses to meet their tax, super and employer obligations.

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