ICB News Channel Episode 20 - July 2023

It's a new Financial Year and this episode takes a close look at the trending Bookkeeping topics of the "year ahead" and the aspects of whats ahead that Bookkeepers, both "Professional" and "In Employment", should be thinking about and considering. The Minimum Wage Changes for 2023/24, updates to the Cents per KM rate for Vehicles as well as Car Cost limits and thresholds, along with an understanding of what is the ATO Lodgement Penalty Amnesty, are just a few of the compliance topics tackled in this episode. Rob and Matthew also discuss the question, what should a Bookkeeper consider when assisting a "Start Up" or new business, before it gets fully started and unpack a whole range of incredible tools that are available to access to use, when assisting that business. A hot topic for 2023/24 will be the question of "Protecting Customer Information" and further to that "Mandatory Client Verification" for Bookkeepers and Businesses and this episode focuses at length in understanding exactly what this means and what to be aware of. And then there is so much more covered in this episode for you and your business to soak up ... enjoy.

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