Jim's Bookkeeping Donvale

Starting your business shouldn’t mean drowning in paperwork.
With Register My ABN, you can get your ABN in under 2 minutes — fast, secure, and ATO-approved.
✅ ASIC certified
✅ Trusted by 100,000+ Aussies
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Skip the wait. Get your ABN today and start your business faster

Super not being paid is wage theft — and the problem is growing. Unpaid super has blown out to over $6 billion, hitting workers’ retirement savings hard, especially in small businesses.

From 1 July 2026, the new Payday Super law means employers must pay super at the same time as wages, not quarterly. It’s the biggest change to super in 30+ years and will require new systems and planning.

This is Part 1 of a two-part series explaining the new law. Part 2 will cover what employers need to do to get ready.
👉 Read more on our blog or speak to a bookkeeper today
📞 Call 13 15 46 or click the link.
https://news.jimsbookkeeping.com.au/.../payday-super.../
https://www.jimsbookkeeping.com.au/request-a-quote

Starting a business and not sure which structure to choose? 🤔

Sole trader, company or partnership — your business structure matters more than you think. It affects who makes the decisions, how you’re taxed, how profits are shared, and your legal obligations.
Take the guesswork out of it with this easy step-by-step guide from Business Victoria. It walks you through your options so you can choose the structure that’s right for your business from day one.

👉 Start here:
https://business.vic.gov.au/.../choose-the-right-business...

Planning a Christmas party or organising gifts for your team?
Here’s some festive news! With a few simple rules, you can celebrate without getting hit with Fringe Benefits Tax (FBT).

✨ 1. Exempt Property Benefits
Hosting your party at your workplace, during work hours, for current employees only? You may be completely FBT-free!

✨ 2. Exempt Minor Benefits
If your celebration is off-site, keep the cost under $300 per person (incl. GST). Don’t forget—partners and kids count too!

✨ 3. Keep It Under $300
Once you go over that threshold, you could be looking at a hefty tax bill. 🎅💸

🧾 Pro tip: Keep all receipts and records so tax time stays stress-free after the holidays!

Want to know more about avoiding FBT and boosting your Christmas savings?
👉 Read the full blog here: https://jimsbookkeeping.com.au/what-are-the-fbt.../

How to Declare Minor Children’s Income

This depends on who the ATO considers the true owner of the income.

If you (the parent or guardian) provide the funds, control how they’re used, and spend the earnings, the ATO generally treats the income as yours and it must be declared on your tax return.
Your child may need their own tax return if:
the income is genuinely theirs and tax has been withheld (e.g., bank interest or dividends without a TFN),
you want to claim a refund for withheld tax,
they own shares and their dividend income (plus any other declarable income) is more than $416,
or if their non-excepted income exceeds $416.
Even if income is $416 or less, a return can still be lodged to claim withheld tax or franking credits.
Understanding where the money originally comes from is crucial.
Helping your child manage their early finances — and handling tax correctly — sets them up for a strong financial future.
Read more in our latest blog — click the link below.
https://news.jimsbookkeeping.com.au/.../how-to-declare.../

Outsource your bookkeeping and get back to your core business.
Our tailored services help you regain control, reduce stress, and support your business growth.
✨ Reclaim control
✨ Solve your bookkeeping headaches
✨ Focus on what matters most
Call us on 13 15 46 or click the link below:
https://www.jimsbookkeeping.com.au/requestaquote

Need an ABN Fast?

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Just fast, certified ABN registration — ATO-approved and ASIC-certified.

With Register My ABN, you can have your ABN approved in as little as 2 minutes!

Use code " Jimsbookkeeping " for $10 OFF when you register!

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Click here to get started today:
https://www.jimsbookkeeping.com.au/register-my-abn

The ATO deadline’s almost here!

Avoid ATO penalties and stress — our expert team can lodge your return fast and accurately.

📞 Call us today on 13 15 46 to get started before it’s too late!

From electricity to internet — find out exactly what you can (and can’t) claim when working from home this year.

If you’re genuinely working from home to fulfil your job duties — not just checking emails or taking calls — you may be eligible to claim extra WFH expenses.

This post breaks down the two claim methods —
💰 Fixed rate (70¢ per hour) and
📊 Actual cost method —
plus what records you need, what’s not claimable, and how to choose the right method for you.

Click below to read the full article:
https://news.jimsbookkeeping.com.au/2025/10/23/working-out-your-work-from-home-wfh-expenses-2025-rules/