Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # KBAS Bookkeeping ## Sitemaps [XML Sitemap](https://kbasbookkeeping.com.au/sitemap_index.xml): Includes all crawlable and indexable pages. ## Posts - [How to Read Your BAS Statement: A Line-by-Line Explanation](https://kbasbookkeeping.com.au/blog/read-bas-statement/): Your BAS statement is one of the most important documents your business lodges with the Australian Taxation Office, but it is not as complicated as it first looks. Once you understand what each section is asking for, the numbers start to make much more sense. - [Payroll Compliance Checklist: Monthly, Quarterly and Annual Tasks for Australian Employers](https://kbasbookkeeping.com.au/blog/payroll/payroll-compliance-checklist/): Key takeaways - [EOFY Bookkeeping Essentials](https://kbasbookkeeping.com.au/blog/eofy-bookkeeping-essentials/): Key takeaways - [Payroll & Super EOFY Checklist](https://kbasbookkeeping.com.au/blog/payroll-super-eofy-checklist/): Payroll is not something to tidy up every year after 30th of June. By then, most of the numbers have already flowed through payroll, super, STP, PAYG withholding and employee income statements. - [Bookkeeper vs Accountant, What’s the Difference?](https://kbasbookkeeping.com.au/blog/bookkeeper-vs-accountant/): Have you ever looked at your numbers and thought, "Do I need a bookkeeper, an accountant, or both?"... and then just scratched your head? - [GST Credits and Refunds](https://kbasbookkeeping.com.au/blog/gst-credits-and-refunds/): This guide explains GST credits and refunds in plain English, and gives you a practical checklist to help you claim what you're entitled to and avoid the mistakes that trigger ATO follow-up. - [BAS Agent vs DIY: When Should You Hire a Professional?](https://kbasbookkeeping.com.au/blog/bas-agent-vs-diy/): This guide breaks down the BAS agent vs DIY decision in plain English. - [PayDay Superannuation is now Law](https://kbasbookkeeping.com.au/blog/business/payday-superannuation-is-now-law/): What does this mean exactly? - [📈 Xero Subscription Fee Increases from 1 July 2025: What You Need to Know](https://kbasbookkeeping.com.au/blog/business/%f0%9f%93%88-xero-subscription-fee-increases-from-1-july-2025-what-you-need-to-know/): As we approach the new financial year, Xero has announced updates to its subscription pricing for Australian users, effective 1 July 2025, it’s important to understand how these changes may affect your budget and software choices. - [🎉 Ending the Financial Year on a High: A Bookkeeper’s Guide for Aussie Businesses](https://kbasbookkeeping.com.au/blog/%f0%9f%8e%89-ending-the-financial-year-on-a-high-a-bookkeepers-guide-for-aussie-businesses/): As we approach 30 June, it’s the perfect time to reflect, reset, and prepare for a successful new financial year. Whether you’re a sole trader, small business owner, or growing enterprise, wrapping up the year with clarity and confidence sets the tone for the months ahead. - [📢 Minimum Wage Increase from 1 July 2025: What Employers Need to Know](https://kbasbookkeeping.com.au/blog/business/%f0%9f%93%a2-minimum-wage-increase-from-1-july-2025-what-employers-need-to-know/): The Fair Work Commission has officially announced the outcome of its 2024–2025 Annual Wage Review, and it’s time for employers to prepare for the upcoming changes. From 1 July 2025, both the National Minimum Wage and minimum award wages will increase by 3.5% - [Super Guarantee Rate Increase from 1 July 2025: What You Need to Know](https://kbasbookkeeping.com.au/blog/payroll/super-guarantee-rate-increase-from-1-july-2025-what-you-need-to-know/): As we approach the new financial year, all business owners and employers need to be aware of a key change that will affect payroll and employee entitlements: the final scheduled increase to the Superannuation Guarantee (SG) rate. - [Do You Need to Pay Staff If You Shut Down Due to Cyclone Alfred?](https://kbasbookkeeping.com.au/blog/do-you-need-to-pay-staff-if-you-shut-down-due-to-cyclone-alfred/): With Cyclone Alfred approaching, many Sunshine Coast businesses are preparing for potential closures. Severe weather events like this can cause major disruptions, and as a business owner, you may be wondering: Do I have to pay my staff if I need to shut down due to the cyclone? - [Happy New Year](https://kbasbookkeeping.com.au/blog/happy-new-year/): https://kbasbookkeeping.com.au/wp-content/uploads/2024/12/Animation-2025-Happy-New-Year-800-x-1500-px-600-x-1200-px.mp4 - [Merry Christmas and wishes for the Seaon](https://kbasbookkeeping.com.au/blog/merry-christmas-and-wishes-for-the-seaon/): https://kbasbookkeeping.com.au/wp-content/uploads/2024/12/Red-and-Gold-Cozy-and-Elegant-Photocentric-Christmas-Video-1.mp4 - [12 days of Christmas tips](https://kbasbookkeeping.com.au/blog/general/12-days-of-christmas-tips/): https://kbasbookkeeping.com.au/wp-content/uploads/2024/12/Copy-of-12th-Day-of-Christmas.mp4 - [Christmas operating Hours](https://kbasbookkeeping.com.au/blog/christmas-operating-hours/): The holiday season is here, and we’re filled with joy and gratitude for the wonderful clients we’ve had the pleasure of working with this year — like you! - [Fairwork Christmas and employees](https://kbasbookkeeping.com.au/blog/fairwork-christmas-and-employees/): Fairwork have produced a fact sheet for all things Christmas related to employees. It has information on shutdowns, public holidays, rostering and employees' right to disengage. If you are not sure about what rules apply this is a great source of information - [Xero Me App to Fill in Your Timesheet for Public Holidays](https://kbasbookkeeping.com.au/blog/xero-me-app-to-fill-in-your-timesheet-for-public-holidays/): With the festive season just around the corner and many of you preparing for some well-deserved holiday breaks, it’s essential to ensure timesheets are completed accurately to avoid any pay discrepancies. - [Throwing a Christmas Bash Without a Tax Hangover](https://kbasbookkeeping.com.au/blog/throwing-a-christmas-bash-without-a-tax-hangover/): Here's what to keep in mind so your festive shindig doesn't lead to a tax sting: - [Christmas Trading Hours](https://kbasbookkeeping.com.au/blog/closure-trading-hours-over-christmas/): As jingling bells and festive cheer fill the air, we’re gearing up to ensure a smooth holiday season for everyone at KBAS Bookkeeping! 🎅🎄 To help us prepare and to assist you with planning, we’d love to confirm your business closure dates. - [Business Basics Grants Program: Supporting Business Growth and Best Practices](https://kbasbookkeeping.com.au/blog/business-basics-grants-program-supporting-business-growth-and-best-practices/):   - [Reviewing Overhead Costs in Business](https://kbasbookkeeping.com.au/blog/reviewing-overhead-costs-in-business/): Overhead costs, often known as fixed or indirect expenses, are essential business obligations necessary for running a business but do not directly contribute to the production of goods or services. Examples include administrative expenditures, professional fees, insurance, permits and licenses, property taxes, rent payments, utilities, and office equipment. These costs are crucial for small businesses as they support day-to-day operations. - [End of Financial Year – What is Next?](https://kbasbookkeeping.com.au/blog/end-of-financial-year-what-is-next/): Did the end of the financial year come and go in a whirlwind, leaving you feeling a bit under-prepared? Now is the perfect time to make sure that doesn’t happen again. Here are some tips to help you stay on top of things and set yourself up for success. - [Underpayment of wages can result in Jail time](https://kbasbookkeeping.com.au/blog/general/underpayment-of-wages/): Underpayment of wages can result in jail time for Business owners AND directors when convicted of the offence of knowingly underpaying staff. It is now a criminal offence for QLD employers who underpay their staff. - [Business Basics Grant Launch](https://kbasbookkeeping.com.au/blog/business-basics-grant-launch/): The Business Basic grant of $5000 will be a hotley contested grant and you need to register an expression of interest. Small businesses can now check the eligibility criteria and other details for the upcoming fifth round of the Business Basics Grants, which will focus on resilience. This grant will launch on 29th May 2024 at 9am. You need to have everything ready as there will be a quick timeframe to lodge and it will close as soon as funds are exhausted - think minutes - you need to be at your computer ready to go at opening. The Grant offers $5,000 to support business continuity and succession planning, security planning and solutions or sustainability activities. It aims to help businesses prepare for, respond to or recover from natural disasters and major events or improve their day-to-day operations. - [Sunshine Coast Business Awards](https://kbasbookkeeping.com.au/blog/sunshine-coast-business-awards/): May in Australia is a month to honour the entrepreneurial spirit that drives our economy forward. We celebrated the ingenuity, resilience, and dedication of small businesses across the nation. From innovative startups to established family enterprises, these businesses are the backbone of our communities. - [Xero Price & Subscription Changes](https://kbasbookkeeping.com.au/blog/xero-price-subscription-changes/): Xero has made some significant changes to the subscription plans—for the Better. We have outlined a few of the changes here so you can better understand them moving forward. These changes will not come into effect until 1 July 2024, so we have a little bit of time to adjust the News!! - [6 Things to Look for in a Bookkkeeper](https://kbasbookkeeping.com.au/blog/6-things-to-look-for-in-a-bookkkeeper/): In every industry, there are the experts and the cowboys. Bookkeeping is no different. - [What do Bookkkeepers Do?](https://kbasbookkeeping.com.au/blog/what-do-bookkkeepers-do/): The simple answer is that a good bookkeeper will support you as you move through the challenges and opportunities within your business, helping you reach your goals. They will complete all the financial record keeping you don’t have the time or expertise to do correctly.  A quality bookkeeper will be a registered BAS Agent and a massive asset to your business because they have the knowledge and experience to accurately manage your business’s financial records. They can also provide insight into potential financial issues in the industry. - [Do I Need a Bookkeeper?](https://kbasbookkeeping.com.au/blog/do-i-need-a-bookkeeper-2/): That is the question - Do I need a Bookkeeper? It is a question we all ask ourselves when in business, especially for ourselves. This post covers a few tips to help you answer this question. - [Rostering Staff Effectively](https://kbasbookkeeping.com.au/blog/rostering-staff-effectively-2/): An adequately designed staff roster can ensure your business gets the best of your employees. However, creating the roster is not a very enjoyable task and is often a balancing act between business requirements, legislative requirements, staff leave requests and customer demands. Without the correct information, creating a roster can take hours of valuable time better spent elsewhere. - [Entertainment Claims](https://kbasbookkeeping.com.au/blog/entertainment-claims/):   - [Analising your Business Financial Ratio](https://kbasbookkeeping.com.au/blog/analising-your-business-financial-ratio/): Financial ratio analysis is a helpful tool that can be used to predict the success and measure the progress of your business, as well as spot warning signs. By spending time on financial ratio analysis, you will be able to identify trends in your business and use the results to improve overall performance. - [Cashflow for Small Business](https://kbasbookkeeping.com.au/blog/cashflow-for-small-business/): Running a small business is no small feat. - [3 Book Reviews for Goal Setting in 2024](https://kbasbookkeeping.com.au/blog/3-book-reviews-for-goal-setting-in-2024/): So, to finish the month, here are three book recommendations to keep you motivated to continue your goals for the Year. Each of these books we have personally read & implemented for Business & Personal growth. Our goal-setting is not a one-time thing. It should be a constant review of where you are, where you want to be & how you will get there. As a bookkeeping service, we help businesses review their business & financial goals moving forward throughout the year. If you want to know more about how we can help you achieve your goals this year, we are here to help. - [New Year Business Planning for 2024](https://kbasbookkeeping.com.au/blog/new-year-business-planning-for-2024/): New Year Business Planning: 2024 - [4 Areas to Grow Your Business](https://kbasbookkeeping.com.au/blog/4-areas-to-grow-your-business/): When you started your small business, you likely had dreams of being more than just a small business. You wanted to start small, perhaps as an evening side hustle, and grow, but before you can grow your business you need to establish a solid foundation. - [End of Year Reflection for Small Business](https://kbasbookkeeping.com.au/blog/end-of-year-reflection-for-small-business/): As the year comes to a close, it's a great time for small business owners to reflect on the successes, challenges, and growth experienced over the past 12 months. Here's an overview for an end-of-year reflection for a small business in 2023: - [Ways to Retain a Recurring Customer](https://kbasbookkeeping.com.au/blog/ways-to-retain-a-recurring-customer/): Here is an outline of some tangible ideas you can apply to improve customer retention. Remember you are in the people business; you need to make your customers feel good about doing business with you. Whilst it maybe your initial advertising that introduced them to your business it’s how they feel about the experience that will make them return. The best way to build a relationship with your client is why you are providing a service your next best option is to pick up the phone and have a conversation. - [Christmas is Approaching!!](https://kbasbookkeeping.com.au/blog/christmas-is-approaching/): Parties & Functions Can you claim this as a business expense? Does Fringe Benefits Tax apply? What are fringe benefits, and why do we need to explain them? Whether or not you can claim a party or function as a business expense depends on who attends and where it is being held. In some cases, the provision of a staff party for an employee may be considered a minor benefit and exempt from Fringe Benefits Tax (FBT) if the cost is less than $300 per employee and certain conditions are met. This exemption also applies to the employee's family members or spouse. The cost of providing a party is tax-deductible for income tax purposes only to the extent that it is subject to FBT. Any expenses exempt from FBT cannot be claimed as an income tax deduction. Similarly, GST credits can only be claimed if a cost is tax-deductible. Therefore, if you cannot claim it as an income tax deduction, you cannot claim the GST credits. The Australian Taxation Office (ATO) provides guidelines on FBT related to different business structures. Minor Benefits Exemption: The $300 threshold is applied separately to each benefit, gift, or party. For example, an employee could attend a workplace party costing the employer $280 and receive a gift worth $250, but because these amounts are treated separately, there are no FBT implications. However, the minor benefit exemption does not apply to any party other than employees. Therefore, if a non-entertainment gift is given to a client or supplier, it can be claimed as a deductible expense, and GST can be claimed. Gifts for Your Employees: A gift to an employee, such as a hamper of goodies, may be considered a minor benefit exempt if the value is less than $300. Where the gift is given at the party, each benefit can be considered separately. Gifts like wine, food, hampers, vouchers, etc., are not considered entertainment. If the gift is a minor benefit (i.e., less than $300), then the gift is not tax-deductible, and therefore, GST is not claimable for gifts to employees and their family members. No FBT applies to gifts of less than $300. For gifts over $300, FBT may apply for employees and their family members, and it is tax-deductible. Gifts such as a holiday, membership to a club, or tickets to a theatre, sporting or musical event are considered entertainment. The gift is not tax-deductible for minor benefits under $300; no FBT applies. For employees given a gift over $300, the gift is tax-deductible but is also subject to FBT. Gifts for Your Clients and Suppliers: Gifts may be classified as “entertainment" or “non-entertainment." Gifts like wine, food, hampers, vouchers, etc., are not considered entertainment. Non-entertainment gifts to clients or suppliers are deductible, and GST is claimable with no FBT implications. Gifts such as a holiday, membership to a club, or tickets to a theatre, sporting, or musical event are considered entertainment. The entertainment gift is not tax-deductible for clients and suppliers, no FBT applies, and no GST is claimable. Summary – Gifts: Giving gifts to your staff or clients is a personal choice you can make as a business owner. However, please note that some clients may not be allowed to accept gifts due to their business's Code of Conduct (e.g., government workers). We remind you that the topic of entertainment, tax deductibility, and fringe benefits tax is complex and not always straightforward. If in doubt, check with your tax agent and refer to the ATO website for detailed guidance.   - [Entertainment? Travel? Staff Expense?](https://kbasbookkeeping.com.au/blog/entertainment-travel-staff-expense/): Is it Entertainment? Travel? Staff Expense? - [Minimum Wage increase 5.2%](https://kbasbookkeeping.com.au/blog/minimum-wage-increase-5-2/): Yesterday Fairwork announced that the minimum wage was set to increase by 5.2% or $40 a week. For most employees who are employed under a Modern Award the increase will be 4.6%. - [Expanding our Capacity](https://kbasbookkeeping.com.au/blog/expanding-our-capacity/): We are excited to announce that this week we welcomed Monika to our team and have expanded our capacity to take on more work. Monika comes to us with many years of experience working in the bookkeeping space. It has been a long time coming to fill the role we had available, as most of you will have experienced the same, it tough to find the right fit for your team. We were certainly under the pump with workload and now can all breathe a little easier. - [E-Invoicing](https://kbasbookkeeping.com.au/blog/e-invoicing/): Electronic invoicing (E-Invoicing) is the automated digital exchange of invoice information between suppliers and buyers’ software through a secure network. Whilst the introduction has been around for a while now it has been drowned out by all the other noise that's been happening this year. The idea of e-invoicing is to make the sending of invoices more secure. The invoice will arrive in the client's software be it MYOB, Xero or QBO. - [Single Touch Payroll Phase 2](https://kbasbookkeeping.com.au/blog/single-touch-payroll-phase-2/): While most employers are familiar with Single Touch Payroll (STP) now that Phase 1 has been fully integrated; Phase 2 is the next step along the STP reporting journey. Where STP Phase 1 enabled the reporting of employees’ tax and super directly to the ATO, STP Phase 2 expands to capture more detailed information. This means that while your payroll will still be processed in the same manner, some key information in the background will have to be updated to meet the STP Phase 2 requirements. - [Business Grants](https://kbasbookkeeping.com.au/blog/business-grants/): The Queensland Government has announced the next round of the Business Boost grants will open on Wednesday 4th May at 9 am. This round 3 offer will be snapped up so be prepared. - [Wages Payment time limits](https://kbasbookkeeping.com.au/blog/wages-payment-time-limits/): The rules surrounding when to pay employees their wages is a frequent area of confusion for employers and can be difficult to decipher! That’s why we have created a breakdown of frequently asked questions. - [What is acceptable evidence for claiming an expense](https://kbasbookkeeping.com.au/blog/what-is-acceptable-evidence-for-claiming-an-expense/): Keeping accurate and up-to-date records is vital to the success of your business. Good records help you to minimise losses, manage cash, meet any legal, regulatory and tax authority requirements and improve financial analytics. - [Pixie](https://kbasbookkeeping.com.au/blog/pixie/): Some of you may remember that we sponsored a pup, Pixie, through Smart Pups a local charity at Yandina. This charity raises and trains pups specifically for the individual and their family. - [Directors Personal Guarantees](https://kbasbookkeeping.com.au/blog/business/directors-personal-guarantees/): What is a “personal guarantee”? - [February @ KBAS 2022](https://kbasbookkeeping.com.au/blog/february-kbas-2022/): Traditionally February is a slow month for retail, but in reality, we can throw away all things about previous stats this year. People had more money as they had not been on holiday until the end of year break, going back to school was late and frankly, it wasn't great getting out and about with the mask thing. - [Profit & Loss Report – What is it?](https://kbasbookkeeping.com.au/blog/business/profit-loss-report-what-is-it/): Understanding your financial reports is the key to understanding what is happening in your business. Let's dive into the profit & Loss profit report and uncover what it is. - [Super Threshold Abolition – Be Prepared](https://kbasbookkeeping.com.au/blog/payroll/super-threshold-abolition-be-prepared/): Superannuation Guarantee threshold changes have been approved and will commence on 1st of July 2022. The effects will be an increase of costs by 10% of the $450 ie $45 each month for each employee who would have earned less than $450 a month provided they are over 18. whilst many businesses will not see a change businesses who engage numerous casual staff who work minimum hours will see the biggest impact, think our local cafes and the uni students they employ. Whilst the long term effects for the employee and our economy in many years to come will benefit from extra superannuation savings it's important as a business owner to be prepared in your projections to take this increase into account. - [Keeping your staff team](https://kbasbookkeeping.com.au/blog/business/keeping-your-staff-team/): Australia is the lucky country. Employment is at its lowest level in decades. We are hearing in the media about the great resignation worldwide. Retaining staff members can be difficult, especially in today's economy. So how can you keep your team together and motivated? - [Post Xmas sales and discounts](https://kbasbookkeeping.com.au/blog/general/post-xmas-sales-and-discounts/): The Christmas rush is over. February is typically a slow month, so let's start discounting right? Or maybe not. Offering discounts on products or services is a way to quickly draw people into your store. Anytime you tell a customer that they can save money, you’re likely to get they attention. Discounts don’t just help your customers; it also helps your business. - [Rostering Staff Effectively](https://kbasbookkeeping.com.au/blog/business/rostering-staff-effectively/): A properly designed staff roster can ensure your business is getting the best of your employees. However, creating the roster is not a very enjoyable task and is often a balancing act between business requirements, legislative requirements, staff leave requests and customer demands. Without the right information, creating a roster can take hours of valuable time better spent elsewhere. you want to create a roster that includes your best sales people whilst monitoring your wages budget. - [2022 A Fresh Start](https://kbasbookkeeping.com.au/blog/2022-a-fresh-start/): We were all hoping for a sparkling fresh new year filled with certainty and plans. Already this theory and hope is crashing down upon us with the spread of Omicron. - [Christmas Holidays & Employees in QLD](https://kbasbookkeeping.com.au/blog/christmas-holidays-employees-in-qld/): https://www.fairwork.gov.au/employment-conditions/public-holidays/2022-public-holidays#QLD - [Long Service Leave](https://kbasbookkeeping.com.au/blog/long-service-leave/): We understand that many businesses have a shorter life span for continuous employment, and for them long service leave will never eventuate; however, there are also many businesses that have loyal employees who are working towards long continuous service and may eventually be entitled to long service leave. - [Director ID](https://kbasbookkeeping.com.au/blog/general/director-id/): Director Identification Number (Director ID or DIN) is a new requirement for all directors. It is designed to help combat illegal activity by making it easier to trace directors’ relationships with companies. - [Super Stapling](https://kbasbookkeeping.com.au/blog/business/super-stapling-employers-obligations/): To navigate the upcoming changes to superannuation, super stapling, as part of the government’s Your Future, Your Super package of reforms. It’s important you understand how these new rules work as they will change how you pay your employees’ super. - [Single Touch Payroll 2 Deferral](https://kbasbookkeeping.com.au/blog/general/single-touch-payroll-stp-deferral/): The Australian Taxation Office announced a blanket 2-month deferral for employers to transition to Single Touch Payroll (STP) Phase 2. Australian employers will now have two more months to transition to the second phase of Single Touch Payroll. The deferral was announced by the ATO  in light of the current business environment. See link  - here - [Fairwork’s Employer Advsiory Service – Free](https://kbasbookkeeping.com.au/blog/business/fairworks-employer-advsiory-service-free/): Fairwork has finally setup a service to offer free advice that can be relied upon by the employer. If you are unsure about a provision under the Award here is the opportunity to get free advice. Fair Work have now released an initiative for small business employers to receive free, tailored written advice about pay and entitlements from their Employer Advisory Service (EAS). - [Square Payment Platform and Xero](https://kbasbookkeeping.com.au/blog/general/square-payment-platform-and-xero/): Xero and Square enhanced integration - [6 questions you need to ask when you are looking for a bookkeeper](https://kbasbookkeeping.com.au/blog/business/6-questions-you-need-to-ask-when-you-are-looking-for-a-bookkeeper/): In every industry, there are the experts, and there are the cowboys. Bookkeeping is no different. - [Xero Pricing Update](https://kbasbookkeeping.com.au/blog/general/xero-pricing-update/): xero-gold-partner + cert-advisor-badges-RGB - [Office staffing hours](https://kbasbookkeeping.com.au/blog/general/office-staffing-hours/): We have learnt from the last 12-18 months of changing business conditions and ever-changing legislation and grants policies that it’s easy to work a lot more hours and become overloaded with the updating information. After handing over the end-of-year work to accountants, we took a breath to discuss how we are working as a team to serve our clients best. There was a lot of push and shove in periods of high demand, particularly after Tracy Grimshaw’s Today reporting and advice. We were not always able to work with you as we would have liked. - [Harnessing the Power of VoIP](https://kbasbookkeeping.com.au/blog/business/harnessing-the-power-of-voip/): Here at KBAS Bookkeeping, we have recently made the leap and have implemented a VoIP system. This was completely set up by Sunshine Coast Business Solution’s Dan Blunden. - [Personal Property Security Register (PPSR)](https://kbasbookkeeping.com.au/blog/business/ppsr/): The Personal Property Securities Register (PPSR) can help protect businesses and create opportunities for small business to protect their assets. It is a single, national online database that shows whether someone is claiming a security interest in goods or assets. - [Legal Framework for Wage Requirements](https://kbasbookkeeping.com.au/blog/general/legal-framework-for-wages-and-entitlements/): The legal framework to determine the wages and entitlements for employees is complex.  Initially, you must abide by the 11 National Employment Standards (NES). NES - [Sales Invoices](https://kbasbookkeeping.com.au/blog/general/sales-invoices-tax-invoices/): Sales Invoices are required to contain specific information to be considered a valid tax invoice by the Australian Taxation Office. Failure to comply could mean that 46.5% tax is deducted from the payment to you and instead remitted to the ATO. - [JobKeeper 2 Rules](https://kbasbookkeeping.com.au/blog/general/jobkeeper-2/): Long after legislation has past and the media has spread their take we finally have the full set of JobKeeper 2 rules to unpack and digest.   The JobKeeper 2 extensions are broken up into 2 add ons 28th September to 3rd January and then 4th January to 28th March 2021 and you do not need to be in the first extension period to get the second, each is tested separately. So what's in and out? - [Paid Parental Leave Changes](https://kbasbookkeeping.com.au/blog/payroll/paid-parental-leave-change-from-centerlink/): Paid Parental Leave Changes are in progress from 1st July 2020. Eligible persons will be provided with more flexibility to use and extend parental leave pay. Do you have an employee who intends taking Paid Parental Leave? What do these changes mean to your business in terms of staffing or temporary  roles to cover the position? - [Jobkeeper changes 1. something – I’ve lost count!](https://kbasbookkeeping.com.au/blog/payroll/jobkeeper-changes-ato-2-1/): Jobkeeper changes have come into effect of 14th August. They are applicable to the pay fortnight period that commenced on the 3rd August (fortnight 10). - [Bookkepeer Position Available](https://kbasbookkeeping.com.au/blog/general/bookkepeer-position-available/): Experienced Senior Xero Bookkeeper Position available - [Commercial Rent Agreements COVID-19](https://kbasbookkeeping.com.au/blog/general/commercial-rent-agreements-covid-19/): There are no winners in the commercial rent scenario, the tenants many of which have had to shut the doors nor the owners who have a loan and outgoings to pay. The federal government outlined what they expected was the right thing to do in a media release. Later they tied it to the JobKeeper eligibility requirements yet left it to each state to mandate. - [WE ARE OPEN: Corona-virus Updates & Government Assistance Details](https://kbasbookkeeping.com.au/blog/general/we-are-open-corona-virus-updates-government-assistance-details/): How things have changed over the last week and there will likely be more changes to the way we all conduct our business in the coming days and weeks. - [Networking Groups](https://kbasbookkeeping.com.au/blog/business/networking-groups/): Network Groups - Are they worth the effort? Earlier this year I joined a networking group, Business Beats. We meet every Tuesday outside of school holidays at the Goodlife Center. The reason I joined was to make connections with businesses that maybe able to assist my clients, small business owners, with things that are outside of my capacity ie insurances, finances, marketing etc. what I wasn’t expecting was the level of support amongst members, the willingness of others to freely share information that is useful and educational in our own business. Each week we have a bit of fun and people are fined for one reason or another & they add coins to a piggy bank which we use to support a local charity; everyone has the opportunity to discuss their wins & the curly situations & there is the speakers award too. To date this group has not resulted in any new business for us and I am just fine with that as it has given me so much more. If you are thinking about this, first decide what you want from the group you join and try a few out before committing. If you want to come & visit ours by all means give me a shout happy to bring you along as my guest. - [Payroll Award Changes](https://kbasbookkeeping.com.au/blog/business/payroll-award-changes/): Changes to the Retail Award for casual staff take effect from tomorrow 1st November. In short, employers will have to pay casual staff more on Saturdays and also on weekdays (Monday to Friday) after 6pm. - [What do bookkeepers do?](https://kbasbookkeeping.com.au/blog/business/what-do-bookkeepers-do/): What do bookkeepers do? - [Six key requirements for tax compliant invoicing](https://kbasbookkeeping.com.au/blog/general/six-key-requirements-for-tax-compliant-invoicing/): Make sure your invoices are tax compliant. - [Do I need a bookkeeper?](https://kbasbookkeeping.com.au/blog/business/do-i-need-a-bookkeeper/): As a small business owner can you do it all yourself? ## Pages - [White Shells Luxury Apartments](https://kbasbookkeeping.com.au/how-we-helped/white-shells-luxury-apartments/): https://kbasbookkeeping.com.au/wp-content/uploads/2026/07/Geoff-Testimonial-1-2-3.mp4 - [Bookkeeping Toowoomba](https://kbasbookkeeping.com.au/bookkeeping-toowoomba/): Or Call Now : 0754087400  - [Bookkeeping Mooloolaba](https://kbasbookkeeping.com.au/bookkeeping-mooloolaba/): Or Call Now : 0754087400  - [Bookkeeping Noosa](https://kbasbookkeeping.com.au/bookkeeping-noosa/): Falling behind on BAS, reconciliations or payroll risks ATO penalties and decisions made on unreliable numbers. As registered BAS agents, we manage your books end-to-end so you can focus on running your Noosa business. - [Bookkeeping Maroochydore](https://kbasbookkeeping.com.au/bookkeeping-maroochydore/): Messy BAS, backlogged reconciliations and late payroll don't just cost you time they invite ATO penalties and push you to make calls on numbers you can't trust. As registered BAS agents, we take your books off your plate end-to-end, so you can get back to growing the business. - [Bookkeeping Caloundra](https://kbasbookkeeping.com.au/bookkeeping-caloundra/): Falling behind on BAS, reconciliations or payroll risks ATO penalties and decisions made on unreliable numbers. As registered BAS agents, we manage your books end-to-end so you can focus on running your business. - [Malanda Law](https://kbasbookkeeping.com.au/how-we-helped/malanda_law/): The team at Malanda Law has extensive experience spanning residential, commercial and business conveyancing, commercial leasing, wills, powers of attorney and deceased estates - [Complaints](https://kbasbookkeeping.com.au/legal/complaints/): Disclosure Statement - [TINA SOUVLIS OUTDOOR DESIGN AND LIVING](https://kbasbookkeeping.com.au/how-we-helped/souvlis-outdoor-design/): From our very first interaction, the KBAS Bookkeeping team have exhibited a high level of professionalism. They consistently meet deadlines, demonstrating reliability and commitment to our financial health. - [SOUVLIS BETTA HOME LIVING](https://kbasbookkeeping.com.au/how-we-helped/souvlis-betta-home-living/): I am pleased to share my experience with KBAS Bookkeeping who have been instrumental in managing our financial records, including sales tracking, bank reconciliation, and payroll processing. - [Dalby Wedding and Event Hire](https://kbasbookkeeping.com.au/how-we-helped/dalby/): “I’m delighted to share my experience with Karen and her team at KBAS Bookkeeping who has been a tremendous asset to our small event hire business. They have expertly managed our bookkeeping, ensuring that our records are always accurate and up-to-date. They provided efficient payroll services and kept our records compliant. I highly recommend KBAS Bookkeeping to any small business looking for reliable and efficient bookkeeping services!” - [Complete Finance](https://kbasbookkeeping.com.au/how-we-helped/complete-finance/): KBAS Bookkeeping have been working with Bryan since 2017. We have seen Bryan grow and develop his niche in finance. He has been able to assist our clients with both business and personal finance so it has been incredible to be able to support his business as well. - [Clinic One](https://kbasbookkeeping.com.au/how-we-helped/clinic-one/): Clinic One has been a client of KBAS Bookkeeping for over nine years, and their services have been integral to our business's success and growth. Karen and her team have consistently provided exceptional support, managing the complexities of our operations with meticulous attention to detail, organisation, and timely advice. Their contributions have been invaluable as we’ve expanded to multiple entities since partnering with them. Throughout this time, a strong and effective working partnership has been developed between us, KBAS, and our accountants. - [Caloundra Chamber of Commerce](https://kbasbookkeeping.com.au/how-we-helped/caloundra-chamber-of-commerce/): Since 2016, KBAS Bookkeeping has proudly supported Caloundra Chamber of Commerce, a leading not-for-profit community organization providing value & support to the Caloundra business community, through a period of significant growth and change. - [Pure Building Approvals](https://kbasbookkeeping.com.au/how-we-helped/pure-building-approvals/): I’m really happy to recommend KBAS Bookkeeping. Bringing more than 30 years of experience in the building industry, Pure Building Approvals offers cost effective, innovative and efficient regulatory advice on all types of building projects. Our partnership with KBAS has allowed Pure Building Approvals to get on what we do best and have to the confidence to know we are always being well looked after. We endeavour to deliver professional, reliable and proactive advice to enable our clients to achieve the highest quality of outcomes and the most effective and efficient solutions. - [Skin & Body Club](https://kbasbookkeeping.com.au/how-we-helped/skin-body-club/): My partnership with KBAS Bookkeeping has helped my business grow. The Skin and Body Club is a full-service skin and beauty clinic providing high quality and affordable treatments and services to the Sunshine Coast and beyond. With a strong focus on enabling our beautiful clients to feel confident and content within their own skin, the Skin and Body Club prides itself on being a safe haven of inclusivity, where you are welcome to join our club no matter who you are or who you aspire to be. - [Queensland Air Museum](https://kbasbookkeeping.com.au/how-we-helped/queensland-air-museum/): The Queensland Air Museum (QAM) in Caloundra is a volunteer organisation with a proud history.  The Museum is run entirely by volunteers, driven by a commitment embodied in the organisation vision statement to preserve Australia’s Aviation Heritage. An impressive range of historically significant aircraft are housed at the Museum, which have been lovingly prepared for presentation to the public by QAM volunteers for 45 years. - [Chill Cafe 89](https://kbasbookkeeping.com.au/how-we-helped/chill-cafe-89/): Since working with KBAS Bookkeeping, we have seen our business grow. Established in 2015, we have built a reputation as one of Caloundra’s favourite places. CHILL Café 89 offers waterfront inspired dining to the Sunshine Coast with absolute beachfront & views of Kings Beach, Bribie Island and the Pumicestone Passage. Karen and her team have been very supportive and proactive, helping us identify opportunities for growth. - [Thankyou](https://kbasbookkeeping.com.au/contact/thankyou/): Someone from the team will get back to you shortly. - [Blog](https://kbasbookkeeping.com.au/blog/): Blog - [Software Support and Training](https://kbasbookkeeping.com.au/services/software-support-and-training/): Whether you are looking to update, upgrade or improve efficiency, KBAS Bookkeeping can integrate your software systems to provide a complete best-in-class solution. Software integration is the process of bringing together various types of software sub-systems so that they create a unified single system. We embrace modern tools and technology to help tailor the right solution for your business situation. With our solutions we can: - [Business Planning and Strategy](https://kbasbookkeeping.com.au/services/business-planning-and-strategy/): Whether your business is starting out, expanding, or consolidating, having the right solutions in place to support your changing environment is essential. As we use the best in cloud accounting software, our solutions are fully automated, integrated, streamlined, and efficient, keeping costs to a minimum. - [Bookkeeping, Payroll and GST](https://kbasbookkeeping.com.au/services/bookkeeping-payroll-and-gst/): Whether your business is starting out, expanding, or consolidating, having the right solutions in place to support your changing environment is essential. As we use the best in cloud accounting software, our solutions are fully automated, integrated, streamlined, and efficient, keeping costs to a minimum. - [Website Terms](https://kbasbookkeeping.com.au/legal/website-terms/): Last Updated: 16/03/2021 - [Cookie Policy](https://kbasbookkeeping.com.au/legal/cookie-policy/): Last Updated: 16/03/2021 - [Legal](https://kbasbookkeeping.com.au/legal/) - [Privacy Policy](https://kbasbookkeeping.com.au/legal/privacy-policy/): Last Updated: 16/03/2021 - [Style Guide](https://kbasbookkeeping.com.au/style-guide/): This guide should be referred to at every point in the design process. Be sure to follow the relevant instructions given as to where to make global changes to those particular set of styles. The purpose of a style guide is to make sure that multiple contributors create in a clear and cohesive way that reflects the corporate style and ensures brand consistency. - [Contact](https://kbasbookkeeping.com.au/contact/): With years of experience and expertise, KBAS Bookkeeping offers services to support your business. Book an obligation-free consultation or fill out the form below to request a call back. - [How We Helped](https://kbasbookkeeping.com.au/how-we-helped/): We spend time with you to look for the most effective way to help you achieve your business goals. The KBAS Bookkeeping model ensures we are partners at every step of the process. - [Services](https://kbasbookkeeping.com.au/services/): Working closely with you to proactively manage your business and simplify processes to help achieve your business goals. How can we help you today? - [About](https://kbasbookkeeping.com.au/about/): Established in 2014 KBAS Bookkeeping is an independently owned and operated firm with a passion to help our Sunshine Coast businesses thrive. Our team of locally based enthusiastic professional bookkeepers understand the growth potential of our region. We work with you directly, so you have confidence that what we say we will do, we will deliver on time, on budget and to your high expectations. - [Home](https://kbasbookkeeping.com.au/): Running a business is demanding enough without having to worry about payroll, BAS, software issues or whether your books are up to date. At KBAS Bookkeeping, we provide practical bookkeeping and support to businesses like yours on the Sunshine Coast from Caloundra and Birtinya to Maroochydore, Buderim, and Noosa.