In a recent webcast the Australian Small Business and Family Enterprise Ombudsman (ABSFEO), Kate Carnell; Deputy Commissioner from the ATO, Deborah Jenkins; and Reckon CEO Sam Allert thanked accountants and bookkeepers for their essential role in buffering the impact of the ongoing COVID-19 crisis. Thanking them on their “amazing job”, Mr Allert said the pressure on accountants, tax agents and bookkeepers is unprecedented, as they juggle supporting their clients, disseminating information and helping small businesses comply with JobKeeper.
“They are our frontline with JobKeeper payments. The government moved quickly, the ATO moved quickly and put it in place, but it’s accountants and bookkeepers who are small businesses themselves who have to learn that legislation and then they’re just getting inundated.” Mr Allert said
Joining Mr Allert’s praises, Ms Carnell underlined that “it’s absolutely essential that small businesses get good advice”, especially when
contemplating cash-flow matters.
Andrew Kirk, Managing Principal at Forsyths said, “The Federal Government introduced a JobKeeper subsidy that could potentially apply to any business that has experienced a reduction in turnover from 2019 to 2020. Your business may be eligible to receive this subsidy even if you don't have employees.”
Now more than ever, accountants are playing a crucial role in helping businesses plan for the future, as they start to look ahead to the other side of the crisis.