Accountants Blog

COVID-19 Business Support Update - 12 May 2020

We’ve put together a few points from the latest COVID-19 business support updates as well as links to places you can get further information if you need it.

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COVID-19 Business Support Update - 8 Apr 2020

With the ever changing government guidelines and assistance, we’ve put together some important information that could be crucial to helping your business survive the COVID-19 pandemic restrictions. Update as at 8 Apr 2020.

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Surviving an economic downturn

The Coronavirus, otherwise known as COVID-19, has hit and spread across the world at an alarming rate. It doesn't discriminate, affecting the old, the young, the rich and the poor and the number of infections is rising by the day.And, due to the spread of the virus, a range of industries are being limited, altered or shutdown altogether. So, how do you survive an economic downturn? Continue reading to find out more about how a range of people, including small businesses and individuals can survive as well as possible, as our accounting team offers pragmatic advice so you can continue after the COVID-19 pandemic.

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Financial support and business survival in the COVID-19 era

The COVID-19 pandemic (Coronavirus) will affect everyone, young or old, small businesses to large corporations, sole traders to employees. With so much uncertainty it’s hard for the business owner to know what to do or where to turn. The accounting team at Bottom Line Control have some practical advice so your business has every chance of surviving the COVID-19 pandemic.

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Are you fulfilling your tax and superannuation reporting obligations?

Are you fulfilling your tax and superannuation reporting obligations? This is the question that the ATO is asking, and insurers have been asked to provide the ATO with policy details for various lifestyle assets over a particular threshold.

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Important Dates for Single Touch Payroll

We all know that employee tax and superannuation aren't the most exciting things that an employer gets to deal with, but they are very important and crucial for a good working business. The ATO have been looking at this for awhile, and over the last year or so have been overseeing the introduction of Single Touch Payroll for all businesses in Australia. But, what is Single Touch Payroll and what dates are relevant to you?

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How to stay ahead in a struggling retail market

The struggling retail market has had a tough few years with many iconic Australian retail brands failing under the ongoing pressure. Investing in expert help is just smart business, whether you’re a startup or if you’ve been around for years. Outsourcing the jobs which are not within your skillset free’s up your time to concentrate on what you’re great at.

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If you're a business owner, you need to read these Sunshine Coast stats

In 2018 the Business Confidence survey for the Sunshine Coast area had some encouraging statistics indicating a positive business outlook for this year. With these positive results came the acknowledgement of large constraints on growth of business that all business owners should be made aware of.

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Accountant & Bookkeeper Reviews

Bottom Line Control Reviews

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5
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 Reviews

Bottom line Control, headed by Malcolm Chilman, have been by tax agent/accountant/book keeper for more than 10 years now, and I have nothing but praise for the efficient and cost effective way they go about their work. I have recently given them my SMSF as well and am impressed by the meticulous way he goes about the process of staying within the lines of the over-complex Superannuation law. Whether it is simple BAS bookkeeping or complex questions of tax law, Malcolm is always there to help. And if he does not know some intimate detail of our almost incomprehensible tax process, he knows where to find the answer. Every business has the occasional need for a quick answer, so one of the characteristics that I appreciate here, is Malcolm's ready availability, by phone and email.

PA Apartments - Business Accountant Client

Byron Scott

PA Apartments

Business Owner & Investor

40 Wholseley St, Woolloongabba, Qld 4102

Phone: (07) 3891 1742 | Email: info@PAapartments.com.au

We changed all of our financials over to Bottom Line a few years ago and have been quite impressed with the service and advice we have received. Nothing is too much to ask of them. Thank you to Malcolm and staff for being there for us.

PA Apartments - Business Accountant Client

Wayne & Penny Rex

Rex and Turtle

Business owners and Property Developers

We switched to Bottom Line Control after realizing that our previous accountant was giving us incorrect advice and charging a premium for it. We have now been using Bottom Line Control for several years and have found Malcolm to be thorough and reasonably priced. He always finds ways to save money on our taxes. Malcolm and his staff are highly responsive and very easy to work with. We highly recommend.

PA Apartments - Business Accountant Client

Alex & Rebecca Watson

Equathon Horse Riding

PO Box 301 Noosa Heads, QLD 4567

Phone: (07) 5474 2665

Thanks Malcolm for saving me the stress of sorting through all the issues of self-employment, and the many confusing deductions and tax items associated with that. Although I was extremely late in lodging my tax return, it was not a problem for you, and you managed to get me a healthy refund when I was sure I was going to have a bill! I will certainly be using your services in the future and have already been recommending you to others.

PA Apartments - Business Accountant Client

Kim Anderson

The Anderson Outloook

Freelance Journalis

I have found Bottom Line Control to be very attentive to the needs of the business and reacts in a speedy manner, getting the job done.

PA Apartments - Business Accountant Client

Graham Martin

Rick's Artisan Pies & Sourdough

Founder of “Dough Fusion” chain of bakeries and Rick’s Artisan Pies and Sourdough