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What are the Barriers that Stop Mums Returning to Work?

Mummy Needs to Work, But at What Cost?

daycare costs, travel time, parking and school hours are all reasons why mums love working from home - image from mychild_gov_auFewer families today can prosper on a single income, but even if they can, there are even fewer mums who want to completely disconnect from the working world. The benefits of being employed and contributing to the corporate world extend beyond the financial; working provides a person with a sense of accomplishment, by keeping them stimulated and engaged in something they enjoy. Unfortunately, there are many barriers, both financial and practical, that prevent many women returning to work after having children.

The high cost of daycare

For most families, childcare is the biggest hurdle to overcome. In this country, childcare is in relatively short supply and that makes it costly. Even in a major city like Sydney, it’s difficult to secure a space at a childcare centre at the location, cost, quality and with the hours most families require; it’s even more difficult in regional areas.

The issue reached such a crisis point that in 2013 the Productivity Commission launched an inquiry into Australia’s childcare problem, and its findings were stark. According to the Commission, there were 165,000 Australian parents who can’t work or can’t work enough because of access to childcare, while 26% of children under the age of 12 are cared for by grandparents. The Productivity Commission recommended that the Government invest $246 million (in addition to the $7 billion it already spends in funding to the early childhood sector) to fund a nanny subsidy pilot scheme, which will begin in January 2016.

The pilot, which will involve about 4,000 nannies and up to 10,000 children, will assist households with a combined income of below $250,000 to employ a registered nanny to care for their children, the cost of which will be eligible for a rebate similar to the childcare rebate. It’s a good start, but there are still a bundle of other issues working mothers face.

Flexible workplaces

Workplaces that aren’t flexible with their working hours or arrangements are the next biggest hurdle most working mums (and dads) face. Australia’s industrial relations laws require all Australian workplaces to allow new parents – whether they’re mums or dads – to request a more flexible working arrangement, however there’s no requirement for workplaces to agree to those requests. Employers that can’t or won’t offer some flexibility in the working arrangements of parents, often force new parents to extend their maternity leave until childcare becomes available, or to leave that job altogether.

Even if childcare is available when parents need it and for the hours they require, without a flexible working environment, it still doesn’t make it any easier for parents to keep working full time after they have children. Kids get sick, especially very young children, and even when they’re school-age, they have ten weeks of school holidays every year, when a full time employee is only entitled to a maximum of four.

Turning up to an office at 8.30am, Monday through Friday, and until late in the evening is virtually impossible when you have young children, as most parents already know. But the corporate world has been very slow to recognise and respond to this fact. There is hope yet, however. As technology and cloud computing has made it easier and more cost-efficient for businesses to allow their employees to work remotely from home – or at co-working spaces, like the NSW Government’s Smart Work Hubs – there is greater opportunity for parents to continue working, after they have children.

Transport, travel costs and parking

Here we come to one more stumbling block for working mums, and it’s possibly the most overlooked. Even if all the stars align in your family’s favour and you can secure childcare for the days and hours you need, and are fortunate enough to have an employer who can be flexible with your working arrangement, you still need to be able to drop off and pick up your kids from childcare, which is difficult for parents who work in the CBD and usually take public transport to work. Most mums and dads take it in turns, which means both parents need to have a reasonably flexible workplace; a lot of families, however, rely on outside help – friends and grandparents – to pick their kids up when they can’t.

The rise of the “mumpreneur”

It’s little wonder, then, that more and more mums are becoming entrepreneurial by starting their own home-based businesses. I see a lot of mums take our training courses, either to learn a new skill in an area where employment is more flexible – such as bookkeeping – or because they’re starting their own business and they’re brushing up on their already existing skill sets. In fact, if it weren’t for mums looking for the skills to facilitate a career change, there mightn’t be an EzyLearn.

How EzyLearn came to be…

It was two mums based in Sydney who, under the EasyLearn name, began offering training courses to mums wanting to re-enter the workforce. I was also in the training business, using the name EzyLearn. When those mums decided to sell EasyLearn, I bought their business and continued their tradition of helping mums up-skill for work.  

So if you’re a mum (or a dad!) and you’d like to start working from home, we’d gladly like to help you on your way. We have a number of training courses that can provide you with the skills you need to start a home-based bookkeeping business (our MYOB training courses) or content marketing (our blogging for business course). We’ve also partnered with WorkFace, which helps people to start their own home-based business and who have business opportunities available across a range of industries and professions. Or, for more tips, advice and news about starting your own business, subscribe to our blog.

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What do bookkeepers do during the first consultation?

Interviewing a potential bookkeeper

become an independent contract and start a bookkeeping businessIF YOU’RE LOOKING TO start your own bookkeeping business, or looking to hire a bookkeeper to help you with your bookkeeping, you might be wondering, how does a bookkeeper assess a business’s bookkeeping needs?

As it’s a legal requirement for every business to file a tax return and, sometimes, a quarterly business activity statement (BAS), it’s necessary, then, to keep accurate records of the business’s income and expenditure.

The process of keeping this up-to-date and, if the person is also registered to do so, complete any activity statements, is the role of a bookkeeper.

A bookkeeper, unless they’re just providing a business with general data entry services – reconciling accounts, paying invoices, chasing late payers – should be registered with the Tax Practitioners Board (TPB) as either a tax agent, BAS agent or both. If they’re not, and they don’t hold a bookkeeping or accounting certification, either, then they’re only qualified to charge for the general data entry services.

But, assuming they are TPB registered and qualified to prepare and lodge tax returns and activity statements, then there are a number of things you can typically expect of a  bookkeeper during the first consultation with a prospective client.

Free consultation with bookkeeper: what to expect

1. Accounting data file health check

If a business already has an accounting package, a bookkeeper will perform what’s called a ‘health check’. This is a basic check to ensure the accounts have been set up properly in MYOB, Xero, Quickbooks or whatever accounting software the business happens to use – though it’s generally only these well-known packages that a bookkeeper will work with. If a business is using a lesser-known package, like Zoho books, for instance, they may not be able to work with it.

2. Recommend an accounting package

If a business doesn’t already have any accounting software – or maybe they do, but it’s not a package the bookkeeper is familiar with – they may recommend certain software for the business to use, typically MYOB, Xero or Quickbooks.

Generally, the bookkeeper will recommend that someone in the business is trained in whatever software they recommend, as there are some functions — invoicing for example, and even sometimes bank reconciliations — that the business will still need to take care of themselves to reduce their costs, unless the business wants to pay the bookkeeper to do this. Some bookkeepers provide this training so there’s a uniform approach to managing a business’s books.

3. Review of current systems/procedures

The bookkeeper may make recommendations to your general account keeping procedures or systems to improve or streamline them. This could involve, for instance, a recommendation to open a business bank account or using a certain credit card for payments; invoicing clients on a particular day of the week or as jobs are completed to improve cash flow, et cetera.

4. Draft a tentative action plan

In that plan, the bookkeeper will include a confidentiality agreement or letter of engagement which both parties need to sign; they’ll also make recommendations as to how the business should provide information, such as source documents which will differ based on the working arrangement. For instance, virtual bookkeepers may suggest uploading documents to Dropbox, while a local bookkeeper may go to the business’s premises or request the business to come to theirs.

The bookkeeper will also make suggestions as to how regularly their services would be required — once a week, month, and so on.

5. Answer any questions or queries

If the bookkeeper is registered tax agent, they should be able to tell you what sorts of expenses count as a tax deduction. Many people mistakenly believe that only an accountant can provide this sort of advice, but that isn’t true.

An accountant can only lodge and give tax advice if they’re a registered tax agent, and the same goes for a bookkeeper. Thus, should be well versed in Australian tax law.

Why a free initial bookkeeping consultation?

Typically this initial consultation is free and should take an hour or less and it also gives the bookkeeper an opportunity to see if you are the right fit for the client base they would like. Generally the initial consultation occurs in person, even if the bookkeeper will work from home or remotely once their services have been engaged.

In the case of virtual bookkeepers working in a different city or state to their clients, it’s now possible to carry out the initial consultation using Skype, Google Hangouts or any other video conferencing apps – or even just over the telephone.

If the bookkeeper finds that your circumstances are not ideal for their skills or time capacity they should have a network of other bookkeepers/accountants who they can refer to you.

Start a bookkeeping business today

Start a bookkeeping business not a franchiseIf you’d like to start a bookkeeping business, EzyLearn has recently partnered with National Bookkeeping, which is looking for licensees.

As a licensee with National Bookkeeping, you’ll have access to EzyLearn training courses (which also means the license fee is one hundred percent tax deductible. Visit the National Bookkeeping website today and register your interest online.


 

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The High Cost of Selling Too Cheap

How to tell whether your prices are too cheap

cheap can be bad for business clients and your health small business startup training course will help with your breakevenDETERMINING YOUR PRICES, and whether you’re selling yourself too cheap, is a critical element in the success of your business, and in your own success as well.

The EzyStartUp Course covers setting prices in some detail as there are many factors you need to consider and include in your prices to ensure you’re not just competitive — but that you’re also drawing a living wage. Continue reading The High Cost of Selling Too Cheap

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The NBN Means Do-or-Die for Remote Workers

The NBN isn’t smoke and mirrors for home workers

NBN launches 2 billion dollar satellite so that rural and regional workers can start a business and work from homeIn September, the Australian Government launched a 780-tonne rocket, called the Sky Muster, into space. The Sky Muster was not intended to determine whether there was life on Mars nor any alternative solar systems; it’s purpose was to beam wireless broadband back to 200,000 homes and businesses in some of Australia’s most remote outposts. It was the next phase of the National Broadband Network’s rollout strategy to have more Australian premises connected to its fibre optic network.

We’ve been keeping a close eye on the NBN rollout because, when it’s finally complete, it will mean that almost every household and business in Australia will have access to high-speed internet, providing greater opportunities for regional businesses to work with metropolitan and international-based ones, for kids to have access to high-quality education, and to give a greater number of people in regional Australia the opportunity to work from home.

Although the NBN has been through many incarnations – first under the former Labor Government as fibre-to-the-premises (FTTP), then under the Abbott Liberal Government the priority was fibre-to-the-node (FTTN), and now under the Turnbull-led Liberal Government as a mixture of FTTN and FTTP, where the the latter is available – the NBN is still a hugely important investment in Australia’s future.

The high cost of living makes NBN a necessity

The high cost of living, particularly the cost of housing in places like Sydney and Melbourne, has seen many Aussies, including singles and younger couples, moving to regional parts of Australia, where housing is more affordable; a practice that wouldn’t have been possible a decade ago, or even as recently as five years ago.

That’s because jobs, excluding those in the retail and hospitality sector, are limited in regional Australia. Moving out of the city for a sea or tree change was something retirees could afford to do, but not younger working people because the jobs simply weren’t there. But technology, coupled with cloud computing and, of course, high speed internet, has changed that.

Now, more people can continue to work for their employer in Sydney, even though they live, say, on the Central Coast, by teleworking at one of the NSW Smart Work Hubs in Gosford or Wyong (more people, still, can live in Newcastle and only commute as far as Gosford or Wyong to telework at a Smart Work Hub for their Sydney-based employer). But what’s becoming far more commonplace is the number of people starting their own businesses, which they operate from their homes in regional Australia.

These are the next communities to receive the NBN

If you live in regional Australia, then you’re probably very familiar with the challenges people have accessing broadband internet. In most regional communities, demand for broadband internet outweighs the supply ports, so you have to wait until someone else disconnects their broadband service – which, today, means they’ve either moved out of the area or…. died – before you can connect your service (or progress in the queue). And believe it or not, that’s not even the worst of it.

Other areas throughout Australia don’t have the infrastructure available to even connect to the exchange, never mind the port. That’s because Telstra’s ageing copper wire network is in desperate need of an upgrade, but the company had been so slow to prioritise any upgrades that it threatened to derail the Government’s NBN initiative. In December last year, the government-owned NBN Co signed an $11 billion buyback deal with Telstra, so that the copper wire network can be gradually replaced with FTTP but that could still take many years.

The good news is that there are currently more than 870,000 Australians who can already access the NBN, while an additional 550,000 premises, throughout Australia, have been added to the rollout plan, with construction to commence by September 2016. These additional communities include:

Queensland New South Wales
Greater Brisbane (21,300 premises)

North Queensland (24,400 premises)

Sunshine Coast (36,200 premises)

Southern Queensland (8,100 premises)

Gold Coast (19,500 premises)

Far-North Queensland (780 premises)

Wide Bay Burnett (1040 premises)

Greater Sydney (26,600 premises)

Central Coast (6,400 premises)

Central West (16,900 premises)

Hunter (25,000 premises)

Murray (9,700 premises)

North Coast (26,100 premises)

North West-North West Slopes (2,400 premises)

Riverina (35,100 premises)

Snowy Mountains (5,200 premises)

Southern Tablelands (800 premises)

Southern Highlands (1,600 premises)

Victoria South Australia
Metro Melbourne (56,200 premises)

Barwon (5,300 premises)

Gippsland (23, 400 premises)

Loddon Mallee (46,900 premises)

North East (15,370 premises)

Adelaide Hills (900 premises)

Greater Adelaide (19,00 premises)

Eyre Peninsula (10,400 premises)

Far North (2,800 premises)

Limestone Coast (23,300 premises)

Yorke and Mid North Coast (9,900 premises)

Western Australia
Greater Perth (56,100 premises)

Goldfields-Esperance (6,000 premises)

Great Southern (3,700 premises)

Kimberly (6,400 premises)

South West (2,000 premises)

Wheatbelt (3,700 premises)

Mid-West (500 premises)

South West (670 premises)

Is the NBN coming to you?

If you’re already able to access the NBN or are shortly going to be able to, don’t just sign up to Netflix! Make the most of the NBN by starting your own home-based business and provide valuable services to businesses located all over Australia. Whether you’re a writer, a web developer, bookkeeper, or administrative assistant (better known online as ‘virtual assistants’), there’s a huge marketplace for your skills all over Australia and throughout the world.

Content marketing, for example, has become a hugely popular marketing activity for many businesses, now that other traditional marketing opportunities have started to dry up. A key component of content marketing is written content – blog posts, ebooks, e-newsletters, web copy. If you’re a writer, with a flare for business writing, you can start your own home-based content marketing or freelance writing business from your home in regional Australia, and all you need is a computer and access to the internet!

EzyLearn can help you to start your own business today

EzyLearn has being using content marketing almost exclusively ever since we transitioned from a bricks-and-mortar business to an online one in 2008. In that time, we’ve seen a plethora of other businesses begin to utilise content marketing too, so we decided to create a content marketing training course, born of our 7-plus years content marketing experience.

If you’d like to learn more about creating marketing content for businesses, you can register your interest in our content marketing course or enrol in our blogging for business training course. If you’re looking for work now, and you have experience as a virtual assistant, a bookkeeper, content marketing, health and safety, or in IT, EzyLearn has partnered with WorkFace to help you start your own home-based business. Visit the WorkFace website for information on the opportunities currently available.

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More People Are Working From Home Than Ever Before

Local Government Councils Encourage Home Businesses and Working from Home

Australian Bureau of Statistics office door reveal the majority of micro businesses use the Internet to let their staff work from homeIF YOU’RE THINKING about whether to start your own home-based business, consider this fact I stumbled across recently: More than a third of all Australian micro businesses – that is, a business with four or fewer employees – use the Internet to allow their staff to work from home, according to the Australian Bureau of Statistics.

[quote]That’s an 8% increase in 2 years[/quote]

Continue reading More People Are Working From Home Than Ever Before

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FREE Guide on Becoming an Independent Contractor & Working Remotely

The Contractor versus the Employee

Receive the free guide on starting a business from home as a remote contractorIn a recent post, I talked about the StartUp Academy, which helps people start their own home-based businesses as independent contractors. The StartUp Academy is something I’ve been working on for sometime after I noticed a compressing of regular salaried jobs – sometimes it was the consolidation of two jobs into one but most often, entire jobs were being outsourced to consultants and contractors.

Continue reading FREE Guide on Becoming an Independent Contractor & Working Remotely

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New You, New Business Startup?

Now is the time to explore new startup opportunities

Dreaming about setting up a new business startup
365_The_Daydreamer_(6517625965)

As the end any year approaches, it’s easy to get caught up in the fun and frivolity of summer, by enjoying the few weeks of the holidays in the sun with friends and family. But it’s also a really great time to think about your career plans for the new year.

If you follow this blog regularly, then you may already be aware that EzyLearn has launched a new service called the StartUp Academy.

The goal of the StartUp Academy is to help people launch and operate their own home-based businesses, supported by our network of successful business owners and entrepreneurs. Continue reading New You, New Business Startup?

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Has the Australian Government shelved its Teleworking initiative for good?

How Teleworking Began in Australia

teleworking
Our Team are teleworking independent contractors and they can help you do the same

In 2011, the then-Gillard Government introduced a teleworking initiative, established to encourage private sector employers to allow their employees to regularly work from home. The teleworking initiative was soon followed by Gillard’s own commitment in 2012 to have 12 percent of all Australian public servants teleworking by 2020. But the initiative also served another purpose: to promote the use of the national broadband network (NBN).  

That was then. By 2013, the Gillard Government had been ousted, and the NBN has been through many different incarnations since it was first announced – it’s still moving forward, albeit as a significantly scaled back offering to what was originally proposed. Also ousted in 2013 was the Department of Broadband Communications and the Digital Economy (DBCDE), which oversaw the Government’s Teleworking initiative.

In place of the DBCDE, the Government formed the Department of Communications. It’s primary functions are the same as the DBCDE’s, with one exception: there’s no teleworking initiative, which has ostensibly gone the way of the clog (remember those?). For whatever reason, it now appears that the Federal Government isn’t very interested in encouraging Australian businesses to have their staff telework or to utilise teleworkers, who may be scattered across Australia.

Employed Teleworkers not Independent Contractors?

Could it be that the telework initiative stepped on the toes of various of state and territory level telework initiatives that involved funding, what the NSW Government has dubbed, Smart Work Hubs? Smart Work Hubs, like the one at Wyong on the NSW Central Coast, are essentially co-working spaces established to encourage employers to allow their staff to telework – from one of the government-funded smart hubs, of course.

This is an interesting move, but it relies on people who are already employed and already commuting to a major city centre or business district to utilise the smart hubs, which come at a cost to either the employee or their employer. The locations of the existing five pilot smart hubs in NSW are already located in major areas – Western City and the Central Coast; all areas with easy access to high speed internet services.

For more smarts to be rolled out in other regional areas – Newcastle is rumoured to be next – the existing ones need to prove they’re worth the investment, and that relies on numbers. A significant number of teleworkers, the emphasis here being on teleworkers and not the self-employed, need to be using the smart work hubs regularly enough for the NSW Government to rollout the next phase of smart work hubs.

But as I hinted before, this relies on people who already have access to high-speed internet services at their home and who are still within commuting distance to their place of work, to be willing to pay to telework regularly. Maybe the reason the Federal Government really scrapped its teleworking initiative had nothing to do with the NSW Government’s smart work hubs at all. Maybe it had more to do with it’s new-look NBN.

What the scaled back NBN really looks like

When the NBN was originally proposed, the original plan was to deploy high-speed-to-the-premises (FTTP) broadband for most Australians, but that was soon ditched by the Abbott Government for being too expensive. The new-look NBN now consists of a mixed network that prioritises fibre-to-the-node (FTTN) technology, which means that fibre optic cables are run to each internet node and the rest of the connection is completed through Telstra’s ageing copper wire network.

Under this NBN, the speed of your internet will vary on how far you live from the node. The further away you live, the slower it will be. But it’s okay, the Government has promised that the slowest NBN speeds could ever get to is 25 Megabits per second (Mbps), the same speed the US Federal Communications Commission defined as the absolute bare minimum to be able to call an internet connection broadband.

The other issue, of course, remains the copper wire network, which the Government now has to buy back off Telstra for $11bn (after the Howard Government sold it to Telstra a decade ago) when it discovered there was a lack of infrastructure in most regional areas of Australia that prevented many households from even connecting to the exchange, never mind the port – as well as some households in major cities.

So what now for teleworkers?

If you’re a teleworker and you live near a NSW Government smart work hub, use it. Certain hubs offer discounts to the NSW Government’s definition of a teleworker – someone who usually commutes to their workplace – while the self-employed can still reap the benefit of working from a smart hub, which are located near or offer child minding facilities, cafes, parking, and gyms.

If you were counting on the NBN to make it easier to work remotely or start your own business, don’t give up on it yet. The Government knows that the key to remaining competitive in the global marketplace is to have access to high-speed telecommunications networks, so the NBN is still, and will continue to be, a major priority.

If you’d like to start your own home-based business, but don’t know where to go for advice and support now that the Government has, seemingly, abandoned it’s teleworking initiative, visit the WorkFace website. WorkFace is an EzyLearn business partner made up of a network of teleworking professionals who have helped many EzyLearn graduates start their own home-based virtual assistant businesses.

Blogging is a Teleworking Task

The article you’re reading is part of the EzyLearn blog and this work can be done from anywhere in the world so it’s a popular outsourced task. If you want to explore blogging for your business or want to learn how it works so you can offer it as a service then discover our Blogging for Business Online Training Course.

 

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Seriously, Why Wouldn’t You Use WordPress for Your Website?

Finding Income Opportunities for EzyLearn Students

start a business and work from home bookkeeping, content marketing, admin and moreWe’ve had some exciting news in the last couple of weeks: EzyLearn students who are completing the MYOB Training Courses and WordPress Courses are starting to earn money because we’re helping them get customers AND improve their skills!

I’ve been working with the team at Workface and we’re assembling a training and mentoring program to help EzyLearn students start and operate a business from home. The best part of this, and something I am passionate about, is that we’re helping people from all over Australia become remote contractors (teleworkers, call it what you want) and work from anywhere via the Internet.

Yes, you can start a business & work from home

I recently wrote about how cloud-based software is enabling people who live in regional Australia perform work for businesses in the capital cities (Sydney, Melbourne, Brisbane, Perth, Adelaide etc) and also about the Teleworking hubs that are starting to appear around the country as part of the evolution of people living outside the cities and working at home or close to home.

You may also recall that we’ve also launched the Startup Academy this year to provide formalised and structured training and mentoring support. It’s for you so if you are interested in starting a business and working from home we’ve teamed up with some products/service providers to give you a flying start and projects to start on right away.

Explore running your own business from home now

Bright VIC to Melbourne Virtual Assistant is doing content marketing for infant massage business in Sydney
Imagine travelling this far to work for a client. Content Marketing can be done from anywhere

There are opportunities to provide office/admin support services, content marketing, business telephone systems and IT support and of course bookkeeping services and if you’d like to start a business in one of these areas then explore the business opportunities.

When you sign up and join our team you’ll gain exposure to many new online (cloud-based) software and services that enable us to:

  • collaborate,
  • share files,
  • work on project together,
  • set and manage goals and daily tasks,
  • turn to each other for support,
  • create and build your own online profile, and
  • many more skills that will enable you to work for yourself and generate your own income, no matter where you live.

Remember our goal is to help you start a business and work from home – NO MATTER WHERE YOU LIVE. Helen from Bright is our latest virtual assistant and she is doing some website design and content marketing for an infant massage business starting up in Sydney’s Northern Suburbs! I looked at a Google Map and discovered that she’d have at least 3 hours travel if she wanted to work in her nearest capital city!

Are you looking for someone to help you in your business?

We’re going to document our journey with these remote contractors and share with you some of the growth they go through as they grapple with the new frontier of internet working.

If you are a business looking for any of these services you can Find a Contractor through Workface and our team can get to work for you too.

[button link=”http://workface.com.au/services/find-contractor/”]Find a Contractor[/button]

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Is Xero now more appealing because of Inventory Management?

MYOB Account Right Plus Has Inventory Management, But…

Yarra Junction to Melbourne city for online MYOB, Excel, Xero training coursesThe premium MYOB product with the PLUS on the end of its name has always come with Inventory and Payroll. These have been the major services that justify the premium price that users have been willing to pay. Now Xero comes with it as standard! Is it another nail in MYOB’s coffin?

More content for our Xero online training courses

We’ve added a new team member, Sue from Yarra Junction in Victoria, and she has over 20 years experience performing bookkeeping and administration work for various clients as well as running her own business. Sue is writing a training guide that demonstrates how inventory (which was just announced this year at Xero) works. We’re using the same structure and information we use in our popular MYOB training course so you can see directly how the software programs are different from each other – apart from Xero being completely in the cloud so you can access it from any device anywhere.

The great thing about Sue…

Sue highlights yet again one of the great features about running an online business and working remotely in the cloud. Any business can work with staff or remote contractors from anywhere (in the world!). Sue is located over one hour’s drive from Melbourne and I’m sure the commute would be hell – it would cost her time and money in transport – yet because we operate on online environment our team are all over Australia! No more travel time, no more traffic, no more sitting in a carpark on the city roads in peak hour. Just a good internet connection and some competent computer skills and we’re off.

If you’re not sure by now, you’ll be happy to know that my focus has always been to help people learn how to use software. Why? So they can get the job they’re after or start their own business. If you like, you can watch a short video (sorry for not shaving for it!) where I talk about my Work at Home Seminar (or WAHSeminar) which is a program we’re constantly working on to help people operate a business or telework from their own home.

If you haven’t already read about it, read the blog I wrote about teleworking centres that are springing up all over regional areas of Australia. Make sure you ‘like’ this blog and share it with your friends on Facebook because the more we all encourage teleworking and the use of technology the more we’ll be able to take back dozens of lost hours each week in travel time (and cost).

All existing Xero course students receive this training

Like all EzyLearn courses, we offer all our training courses for one low price and include every training resource we create. This Xero training course content is the same – every student who has enrolled into the Xero course within the last 12 months will be able to access these new training resources when they’re published.

If you are a business looking to move across to Xero, feel free to write your questions or comments. If you are trying to find a way of working from home, please make contact. We’d love for you to share with us what you are going through. We can very probably help – and others can learn from it.

 

 

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The NBN will make it easier to move out of the city and start a business

Regional Australia Is Available To Work For Sydney, Melbourne, Brisbane and Perth

Is the NBN available in your suburb - national broadband networkA lot has been said in recent weeks about the cost of housing in Australia’s capital cities, but in particular, Sydney, which has the highest median housing prices in the country; a figure that, according to the Australian Bureau of Statistics, has increased by 30 percent since 2012 and is continuing to rise, seemingly unabated.

As a result, people – and I mean all people; couples, families, singles – are moving out of the city to regional areas, where housing prices are lower. Continue reading The NBN will make it easier to move out of the city and start a business

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The National Bookkeeping license fee is 100% tax deductible

Costs of starting a business are tax deductible

become an independent contract and start a bookkeeping businessIf you’re subscribed to this blog and you’ve been following our recent posts, then you should be aware that we’ve recently partnered with National Bookkeeping to deliver online training courses to their new licensees. We’ve also been writing about the $20k tax breaks introduced in the recent budget, which allows businesses to immediately write off asset purchases up the $20k as a tax deduction (rather than being depreciated over time).

While we caution you to be prudent when it comes to making business purchases, if you had been thinking about becoming an independent consultant and starting a home-based business and needed to make any purchases – office furniture, technology, a training course – now’s the time to do it.

Now that we’ve reached June, there are just a couple weeks left of this financial year, which means that any business purchases you make between now and June 30 will immediately go toward reducing your taxable income for this current financial year. This even includes the cost of becoming a National Bookkeeping licensee.

A tax-deductible license fee

Typically, when you buy a franchise or become a licensee, the franchise or license fee you pay forms part of the cost-base for your franchise or licensed business as your capital asset, and cannot be claimed as a tax deduction. However, because EzyLearn is a partner and is providing its entire suite of training courses to new licensees, the fee to join National Bookkeeping is technically considered a self-education expense.

Self-education expenses, when they directly relate to your business, are a hundred percent tax deductible. If you register before the end of this financial year – that is, June 30 – then you claim it as an immediate tax deduction, and reduce your taxable income by $1,600 straight off the bat – and that’s not to mention any other asset purchases you make, like new cars, office furniture, technology and the like.

Aside from being instantly gratifying to be able to claim a business expense back right away, it’ll also mean that you’ve technically started your new business in the black as opposed to in the red like new most businesses do. So whether the license fee results in a bigger tax cheque this year or just reduces the amount of tax you have to pay to the ATO, it’s still money in your pocket that you can reinvest into other areas of your business.

Register before June 30 to avoid starting your business in the red

One of the biggest hindrances to growth in the first year of business is poor cash flow, and unfortunately many small businesses experience poor cash flow in their first year of trading. It typically occurs when a business makes a number of, albeit necessary, business purchases that leave them cash strapped until they can file a tax return at the end of the financial year. As a result, it makes it difficult to spend money on marketing or to hire a contractor to carry out work you’re not skilled for – developing a smartphone app for your business, say.

As a result, you either miss out on investing in opportunities that will help to grow your business in the long term, or you wind up trying to muddle through it yourself, which is both a waste of your time and is also false economy, because you’re losing money by not attending to the tasks that are going to generate immediate revenue (completing someone’s BAS, for example).

Even though becoming a licensee is a low-risk new business option, which usually includes most of the things you need to start and grow your business during its infancy, like sales and marketing collateral – in fact, National Bookkeeping licensees will want for nothing as nearly everything, with the exception of an ABN and Cert IV accreditation, is included in the license fee – there is some flexibility to how you operate your business, which means that if you decide you want to branch out and offer content marketing services, you may need to regularly work with a designer or developer.

You’ll need money to pay them, and if you want to keep up a good relationship with your suppliers, you’ll want to pay them quickly and on time. Ideally, your end client will do the same for you, but oftentimes they don’t. If you’re always waiting to be paid before you can pay your suppliers, it’s not going to foster good relationships with either your client or your suppliers.

Start your National Bookkeeping business in the black

So that’s why it’s a good idea to register with National Bookkeeping and become a licensee before June 30. It’ll mean being able to claim back the entire license fee this financial year, so you can give your business the best change at growing and becoming a success from the very start.

As a National Bookkeeping licensee, you’ll receive full access to our entire suite of training courses, including our small business management course, which covers all of the important aspects of operating a small business, like developing a business plan, managing the financials, and researching the market – in this case, useful if you decide to offer additional services, besides just bookkeeping.

You’ll also gain access to any future courses we develop, and we currently have a content marketing course in the pipeline. I’ve mentioned in a blog post already that content marketing has become a real focus for many businesses now that they’ve come to realise how important it is to engage and interact with their customers online.

Develop your skills to expand your business

The content marketing course we’re developing is designed to give people the skills they need to start their own home-based content marketing business, which you may decide to utilise by expanding your services beyond just bookkeeping and operate a business that offers a Complete Business Operations service to other businesses.

For a lot of medium-sized enterprises – a plumbing business, for instance – that has a number of staff or contractors and struggles to keep up with the administrative side of the business, being able to deal with just one business would be far more convenient than having to engage each one separately – a bookkeeper, a virtual assistant, and a marketing agency.

But then again, you may just decide to take the skills you’ve learned, create your own content marketing strategy for your business, and implement it yourself. It’s up to you.

Achieve success through education and flexibility

National Bookkeeping and EzyLearn wants you to have the best chance at succeeding in your business venture, and we believe that the best way to achieve success is through education, and that the more skills you have and knowledge you possess, the more likely you are to achieve it.

I honestly, don’t know many other franchises or licensed businesses with that level of commitment to education, nor to the flexibility that comes with it. So if you would like to start a home-based bookkeeping business, but want to have the flexibility to expand you services beyond just bookkeeping, while also having the security that a licensed business offers – an established business model and name, access to infrastructure, training, and coaching – then it’s worth your while to look into being a licensee with National Bookkeeping.

Visit their website for more information, contact the team, or if you’d just like to get started today – before June 30 so you can claim your licence fee back right away – register your interest online.

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How much should a local bookkeeper charge?

What is a local bookkeeper worth?

I recently wrote a blog post about whether bookkeepers could also provide marketing services to their clients, which I also touched on in another recent post about starting a bookkeeping business and the need to be diverse in the services you offer as an independent contractor.

While brainstorming with Ray from the Startup Academy about the services bookkeeper charge and the rates they can earn we discovered that there is a huge variety of services that a bookkeeper can offer and as a result their rates differ. Continue reading How much should a local bookkeeper charge?

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Why Start a Bookkeeping Business?

Australia needs bookkeepers!

start a bookkeeping business
It can be daunting knowing where to get your first clients when you start your own business.

EVERY BUSINESS HAS A LEGAL requirement to file an annual tax return, and for some businesses, a quarterly or monthly business activity statement (BAS).

Accurate record keeping and data entry is a crucial component of filing both, and with the increasing number of start-ups and new small businesses in Australia, the demand for a good, reliable bookkeeper has been growing steadily.

People start their own businesses for a variety of reasons, but usually it’s because they need flexibility and want to do work that is rewarding.

For some people, starting their own business is the next natural step in their career – perhaps they’ve worked for many years as hairdresser in someone else’s salon; or worked for someone else as a chef or photographer or builder, and going out on their own just makes good career sense.

Bookkeeping: the low-risk, high reward business option

However, for many, the career path isn’t so clear, or they always may have seen themselves shackled to a job working for someone else. To them, starting a business always seemed like something that hinged on a really great idea or new invention, and in absence of either, it has remained out of their grasp.

But it’s not. Becoming a bookkeeper is an accessible, low-risk new business option for any self-motivated person with good computer skills. You don’t even have to love being a number cruncher to be a good bookkeeper, because most bookkeepers don’t do much number crunching these days anyway.

The multi-talented bookkeeper

With the rise of cloud-accounting software like Xero and MYOB Account Right Live, for which we offer online training courses in both platforms, most bookkeepers set up the bank feeds option for their clients, which automatically matches transactions in their bank account with the transactions in their accounting software. This eliminates much of the grunt work associated with the data entry aspect of bookkeeping, freeing the bookkeeper up to do other things for their clients (like BAS) or even pick up some extra clients.

Increasingly, though, and this is largely due to the number of new bookkeepers who don’t come from a finance or accounting background, many bookkeepers are diversifying in the services they offer by performing other functions within their clients’ businesses. This demand for multi-talented bookkeepers brings me back to what I was saying earlier in this post about the growing number of new small businesses.

With great demand, comes great opportunity

As more people start new businesses, which only looks set to increase over the next couple of years thanks to the many tax breaks included in this year’s federal budget, these businesses require more than a good, reliable bookkeeper; they also need web developers, content marketers, virtual assistants, operational managers, and the like.

Hiring several different contractors to manage each aspect of their business is not only costly – it’s also time consuming. Most business owners would rather hire just one or two contractors who have a broad base of skills – a bookkeeper with administration and operational experience or a content marketer with web design experience, for example.

Develop valuable business skills

A bookkeeper with business administration skills, which can be obtained by enrolling in our Small Business Management Course, is a valuable asset to any business — and it doesn’t mean you have to become a Jack (or Jill) of all trades.

EzyLearn is passionate about helping people start their own bookkeeping businesses, and to this end, we have worked to help develop National Bookkeeping, an Australia-wide network of Australian bookkeepers and registered BAS agents, which helps to match small businesses with a bookkeeping professional that meets their business needs. National Bookkeeping is now looking to expand its network by licensing its business to people who would like to start a bookkeeping business.

Becoming a National Bookkeeping Licensee

Ever since we started delivering our MYOB training courses online, and watched as other tools like Dropbox and WordPress and the many Google apps made it easier and easier for people work entirely from their home office, we’ve wanted to help people to start their own home-based bookkeeping business.

Finally that dream of ours has been realised with our partnership with National Bookkeeping. As part of the National Bookkeeping partnership, we’re offering our Microsoft Word, Microsoft Excel, MYOB and Xero Training Courses to National Bookkeeping licensees.

The reason for this is that we believe that continued learning and professional development is crucial for every business owner, especially if they want to stay ahead of trends and new developments in their industry and if you’re interested in becoming an independent contractor running a bookkeeping business from home then these software programs are essential.

Stay ahead of industry trends

Keeping up with industry developments is something we do as a matter of priority at EzyLearn because we want to be able to provide training courses that are relevant to the latest trends, which is why we’re busy working with some of the top digital marketers and strategists to develop our Content Marketing course.

When you become a National Bookkeeping licensee, you’ll have access to this Content Marketing training course as part of the small business marketing course which is available as an optional extra. This will help you market your services more effectively.

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lifelong learning platform woman online learning for lifeIf you would like to learn more about National Bookkeeping or becoming a licensee, visit the National Bookkeeping website or register your interest online. For more information on starting a bookkeeping business, continue reading our blog, which we constantly update with news and advice on starting a business.

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An Aussie Dies In Accounting Wars

R.I.P. Reach Accounting

Reach Accounting Service Shut DownA member of our team was recently asked to recommend a few low-cost, cloud-based invoicing programs to a friend. He’d recently started his own business and for the last few months had been using Excel to create and send invoices to his clients.

[quote]Surprisingly, Microsoft Excel is still a very popular way to create and send invoices for many small business owners,[/quote]

but since Xero and other cloud-accounting programs appeared on the scene, I didn’t think many people still used Excel for invoicing.

Microsoft Excel 2007 Beginners training courses and certificateThis person was using Microsoft Excel because, while he found Xero impressive, the majority of its functions would go unused, so he couldn’t justify the price tag. He was just after something that would allow him to create invoices, estimates and input his expenses. We’ve mentioned three low-cost options in this blog: Quickbooks, Zoho, and Reach Accounting, the latter of which I championed due to it being Australian-owned. EzyLearn developed a course for Reach Accounting and we were the official training provider but sadly they recently shut down their services.

Reach Accounting was officially shut down at the end of April of this year as it’s parent company Net Registry pushes further into the online marketing space to position itself as a one-stop small business start-up shop.

Google reveals Reach Accounting is shutting down

Google Reveals Reach Accounting is shutting down

With Net Registry, you can register a domain name, build a website, and market your business; cloud-accounting seemed, like a logical extension of their offering, and they marketed it heavily to small business owners – sole traders, in particular.

Then, in March, Reach Accounting notified users by email that, effective April 30 of this year (2015), Reach Accounting was closing. And without any fanfare, it did just that and quietly disappeared. There’s no longer any trace of it at the Reach Accounting domain name, and no reason given for its departure from the online accounting space that it so actively pursued not so long ago, but there is still a hint of life on the NetRegistry website – at the time of writing they were still showing the service at their main website: http://www.netregistry.com.au/resources/reach-accounting/

Reach Accounting’s life was a short one. Net Registry acquired a 50 percent stake in the Aussie start-up in 2011, and immediately began offering the software to its existing customers for free. Anyone else looking for a cheap accounting package would pay $14.95 a month.

Can you be too cheap to survive or is there more to it?

In 2011 $14.95 per month was cheap for accounting software – it’s nearest serious competitor at the time was Xero at around $50 a month, and Zoho, which was, and still, is an American-based company with no local operations. Then came the Aussie offerings, Saasu and Reckon, as well as the re-entry of the US-based Quickbooks. The marketplace was suddenly very crowded.

In 2014 Melbourne IT acquired Net Registry for a cool $50M. The acquisition came off the back of some upheaval at Melbourne IT, whose long-time CEO had left the previous December while it struggled to compete in the cloud-computing space; in March the previous year, Melbourne IT had sold off it’s highly lucrative digital marketing unit to a US-based company for $152m, which was nearly equal to the company’s entire market capitalisation at the time.

Perhaps, then, when faced with stiff competition from other local and overseas cloud-accounting services, under the direction of Melbourne IT, the newly realigned Net Registry saw no commercial value in continue its accounting service. If we hear any news for Reach Accounting users we’ll pass it on.

Does this teach you a lesson in your own business?

The skills taught in the Small Business Startup and Admin course have a foundation in researching the:

  • Need for your services,
  • Product and service offering, and
  • Pricing structures

Once you master these skills you should be honing them all the time to understand what you need to do to remain relevant in the market place for your services.

[quote]If you operate a bookkeeping business for example it is a very good idea to learn how to use Xero Accounting software now because more and more small businesses are using it and want someone to do their books for them.[/quote]

We offer all of our Xero Training Courses for one low price (and 12 months access).

Is MYOB the future of cloud accounting?

Intuit Quickbooks is the elephant-in-the-room for MYOB and Xero Cloud AccountingI’ve written before about how MYOB could get SMASHED by it’s VERY large US Competitor, but MYOB could still be the future of cloud accounting. New players could spell the end of the long-established MYOB or possibly even Xero, but maybe the biggest thing MYOB has up its sleeve is its long, rich history. As far as market share goes, MYOB still occupies the majority of it and, while it may appear slow at adopting new features, you can at least count on it being around in the near future.

That’s why our MYOB training courses have always been, and remain to be, the most popular out of our entire suite of training courses because, despite the grumblings of many small business owners, MYOB is still a major player in the accounting software space. As for our friend, he ended up choosing Zoho for his invoicing needs. He was sold on its ease-of-use, powerful smartphone and tablet app, and its easy-to-decipher pricing plan.

Long live Reach, the Aussie accounting software that could(‘nt)!

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Finally! Tax Deductions for Cars for Small Business Owners in the Federal Budget

Instant Tax Deduction, Just Add Money

invoicing small business
Here’s a carrot to start a new business and get instant tax deductions rather than deptreciation

In a recent post about subsidised childcare, I wrote about how the federal government has made it easier for families with one parent working at home to access subsidised childcare. In that post I also mentioned how much easier it is to start your own home-based business (for one, you’ve got all these marvelous training courses from EzyLearn to guide you on your way!) now than it was a few years ago.

But there’s some more good news for small business owners: the government also announced a raft of tax cuts and bonuses to the tune of $5.5b in this year’s federal budget, among them an unlimited number of tax deductions for buying cars, machinery or any other equipment valued under $20k each.

The government to inspire innovation

This is a huge increase to the previous amount small businesses were able to claim as tax deductions, which was a mere $1000 per item. Anything above that $1000 had to be depreciated via the decline in value process. Treasurer, Joe Hockey said the reason behind the tax breaks for small businesses was to encourage and inspire innovation in Australia, which has for years, suffered from a lull in home-grown innovation.

[quote]“This will be of enormous benefit to their bottom line and help businesses with their cash flow. It means innovation. It means jobs. It means more money to invest and grow your business,”[/quote] Mr Hockey told parliament in his budget speech.

For purchases over $20,000, they can also be claimed but will go into a pool to be depreciated; at 15 percent in the first income year and then 30 percent for each year after that.

But wait! There’s more: tax cuts and FBT allowances

Small businesses will also enjoy a tax cut of 2.5 percent for the 780,000 small companies with an annual turnover of fewer than $2 million, while sole traders will get a 5 percent tax cut, capped at $1,000.

Small businesses that give their employees more than one work-related portable electronic device (tablets and laptops, for example) will also be eligible for a fringe benefits tax (FBT) exemption from April 1st 2016. This could prove to be a big motivator for small businesses that would like to see more of their employees working remotely from home or while they’re out on the road.

If you’re already in business and you’ve been thinking about upgrading that PC or company car, if you do it before June 30 this year, you’ll be able to claim it as a tax deduction for this financial year. The same goes for those of you who may have been thinking about starting your own small business, be it a home-based one or otherwise – any of those capital purchases you may need to make to get your business off the ground can be immediately claimed as a tax deduction so long as they’re under $20k.

For now, though, you can still get yourself skilled in MYOB before you start your business and claim it as a tax deduction by taking one of our online MYOB training courses, which give you access to ALL MYOB Training Courses for 12 months or LIFETIME access. Or for more on starting a home-based business, subscribe to our blog or browse the many training courses on our website.

Oh, and Did I Mention The Bookkeeping Business Opportunity?

Start a bookkeeping business not a franchiseI hinted at the 30 day money back guarantee that we now offer for the Bookkeeeping Business Opportunity, but you’ll be thrilled to hear that we will shortly also be announcing the inclusion of all of our software training courses!