{"id":8401,"date":"2020-04-24T00:00:00","date_gmt":"2020-04-23T14:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/nz\/uncategorized\/top-9-takeaways-from-our-webinar-about-expert-financial-tips-to-protect-your-business\/"},"modified":"2023-03-20T15:19:31","modified_gmt":"2023-03-20T03:19:31","slug":"financial-tips-webinar-takeaways","status":"publish","type":"post","link":"https:\/\/www.buildxact.com\/nz\/blog\/financial-tips-webinar-takeaways\/","title":{"rendered":"Top 9 takeaways from our webinar about expert financial tips to protect your business"},"content":{"rendered":"<p><span data-contrast=\"none\">Buildxact partnered with&nbsp;<\/span><a href=\"http:\/\/www.xactaccounting.com.au\/\"><span data-contrast=\"none\">Xact Accounting<\/span><\/a><span data-contrast=\"none\">&nbsp;to deliver a very informative webinar centred around&nbsp;<\/span><i><span data-contrast=\"none\">Expert Financial Tips to Protect your Business<\/span><\/i><span data-contrast=\"none\">.&nbsp;&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"none\">This webinar deep dived into the&nbsp;<\/span><span data-contrast=\"none\">$130 billion&nbsp;<\/span><span data-contrast=\"none\">JobKeeper<\/span><span data-contrast=\"none\">&nbsp;Scheme recently kicked off by the Australian Federal Government, and how it can support the construction industry during&nbsp;<\/span><span data-contrast=\"none\">the<\/span><span data-contrast=\"none\">&nbsp;uncertain times&nbsp;<\/span><span data-contrast=\"none\">of COVID-19&nbsp;<\/span><span data-contrast=\"none\">and beyond.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"none\">These are the<\/span><span data-contrast=\"none\">&nbsp;top<\/span><span data-contrast=\"none\">&nbsp;<\/span><span data-contrast=\"none\">9 key<\/span><span data-contrast=\"none\">&nbsp;takeaways<\/span><span data-contrast=\"none\">&nbsp;from the webinar:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ol>\n<li>Overview of the JobKeeper scheme\n<ul>\n<li>$1500 per eligible employee per fortnight before tax<\/li>\n<li>Paid to eligible businesses<\/li>\n<li>If turnover decrease by 30%<\/li>\n<li>Wage condition must be met; and<\/li>\n<li>Elected to be part of scheme and provided information to ATO<\/li>\n<\/ul>\n<\/li>\n<li>Between now and the end of April\n<ul>\n<li>Check the business and your employees meet the eligibility requirements<\/li>\n<li>Continue to pay at least $1,500 per fortnight before tax for each eligible employee<\/li>\n<li>Notify eligible employees that you intend to claim and send the &#8216;JobKeeper employee nomination notice&#8217; to your nominated employees to complete and return to you by the end of April. <a href=\"https:\/\/www.ato.gov.au\/Forms\/JobKeeper-payment---employee-nomination-notice\">https:\/\/www.ato.gov.au\/Forms\/JobKeeper-payment&#8212;employee-nomination-notice<\/a>\/<\/li>\n<li>Enrol with ATO before the end of April (if intending to claim for April). Includes confirming bank details for payment and estimated number of employees<\/li>\n<\/ul>\n<\/li>\n<li>Ensure all eligible employees are paid at least $3,000 (gross) before the end of April 2020<\/li>\n<li>Enrol with ATO before the end of April (if intending to claim for April)<\/li>\n<li>&nbsp;From 4 May 2020 onwards\n<ul>\n<li>Apply to claim JobKeeper Payment (lodge via interactive ATO form)<\/li>\n<li>Ensure each eligible employee paid minimum $1,500 per fortnight before tax<\/li>\n<li>Identify the eligible employees for the relevant period. Either prefill form STP, manual enter or tax agent can assist with lodging.<\/li>\n<li>Notify eligible employees within 7 days that you have nominated them<\/li>\n<li>ATO will pay the JobKeeper payment after accepting application to nominated bank account<\/li>\n<li>Each month, you will need to reconfirim that your reported eligible employees have not changed through ATO online services, the Business Portal or via your registered tax agent.<\/li>\n<\/ul>\n<\/li>\n<li>Document your Turnover Assessment (monthly, quarterly, cash basis or invoice basis). Alternate tests are now available including for new businesses and scale up businesses.<\/li>\n<li>Non-Employee business participants may also access JobKeeper (Sole trader, director, adult beneficiary)<\/li>\n<li>Know your numbers for the business overall and job by job, and make sure you have real-time information so that you can manage your profit and cashflow effectively.<\/li>\n<li>If you haven&#8217;t done so already, make the move to using software to manage your estimating, quoting and jobs.<\/li>\n<\/ol>\n<p><b><span data-contrast=\"auto\">Want more information?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">For<\/span><span data-contrast=\"auto\">&nbsp;more information&nbsp;<\/span><span data-contrast=\"auto\">on the&nbsp;<\/span><span data-contrast=\"auto\">JobKeeper<\/span><span data-contrast=\"auto\">&nbsp;Scheme, please contact:<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Michael Renton from Xact Accounting<\/span><\/b><span data-contrast=\"auto\">&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><a href=\"mailto:michael@xactaccounting.com.au\"><span data-contrast=\"auto\">michael@xactaccounting.com.au<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><span data-contrast=\"auto\">1300 233 723<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><a href=\"http:\/\/www.xactaccounting.com.au\"><span data-contrast=\"auto\">www.xactaccounting.com.au<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/a><\/p>\n<p><span data-contrast=\"auto\">For more information regarding Buildxact <\/span><span data-contrast=\"auto\">and how to make the move to using software to manage your jobs, please contact:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Julian Krishnan Nair from Buildxact<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><a href=\"mailto:juliank@buildxact.com\"><span data-contrast=\"auto\">juliank@buildxact.com<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><span data-contrast=\"auto\">0498 124 613<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><br \/>\n<\/span><a href=\"https:\/\/www.buildxact.com\/nz\/\"><span data-contrast=\"auto\">www.buildxact.com.au<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/a><\/p>\n<ul>\n<li style=\"list-style-type: none;\"><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Buildxact partnered with\u00a0Xact Accounting\u00a0to deliver a very informative webinar centred around\u00a0Expert Financial Tips to Protect your Business.\u00a0\u00a0<\/p>\n<div style=\"display:none;\" class=\"postcatlist\"><a href='https:\/\/www.buildxact.com\/nz\/tag\/accounting\/'><span>Accounting<\/span><\/a> <a href='https:\/\/www.buildxact.com\/nz\/tag\/construction-advice\/'><span>Construction advice<\/span><\/a> <a href='https:\/\/www.buildxact.com\/nz\/tag\/webinar\/'><span>Webinar<\/span><\/a><\/div>\n","protected":false},"author":3,"featured_media":7866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[111,138,137],"contributing_author":[],"class_list":["post-8401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-accounting","tag-construction-advice","tag-webinar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 9 takeaways from our webinar about expert financial tips<\/title>\n<meta name=\"description\" content=\"Buildxact partnered with Xact Accounting to deliver an informative webinar with expert financial tips to protect your construction business\" \/>\n<meta name=\"robots\" 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