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New Direct Debit Function launched for B2Bpay Billers

B2Bpay launches new Direct Debit Function for businesses

Did you know that you can set up direct debit payments for your business customers?

We have recently added a really handy function for B2Bpay Billers (to get set up as a B2Bpay Biller click here).  B2Bpay Billers can request that their customers or clients fill out an online form to authorise  them to  direct debit their Credit Card or bank account. Once a business has authorised this,  B2Bpay Billers can log in to their B2Bpay Merchant Portal  and set up regular automatic payments, and take one-off payments too.

Remove Payment Pains with Direct Debit

No more late payments

Never chase a payment again. Direct debit allows you to collect funds automatically on payment dates.

Not just for fixed amounts

Once a Direct Debit is in place, you can use it to collect one-off or recurring payments of any amount.

Control your cash flow

You choose the dates you collect funds, meaning you'll be able to predict future revenue for your business.

Benefits of Direct Debit for your Customers

Quick, one-time set up

Customers complete a simple online Direct Debit form, giving you authorisation to collect payments from them.

Flexible Payments

Choose payment schedules that work for each of your customers or clients.

Safety and security guaranteed

Your customers card or bank details are never seen or stored by you and are completely secure.

Here's how to get started:

How to Direct Debit a one-off payment from your customers bank account or credit card


How to set up a regular ongoing payment schedule


Need Help?

Our Sydney based team are here to help. Give us a call on 1300 205 575 or email us [email protected]

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Earn Double Points with American Express

If you have an  eligible American Express Platinum or Centurion Card, using B2Bpay has never been more rewarding with DOUBLE the POINTS!*

For the next three months (until the 20th of July) use your American Express card with B2Bpay to:
• Earn double Membership Reward points when you pay ANY Biller (including the ATO);
• Get double the value when you ‘Pay with Points’

With 4.5 or 5 points for every dollar you pay and no reduced points when paying government bills with B2Bpay, there has never been a better time to use your American Express Platinum or Centurion Card to pay all of your business expenses.

Why is it better to pay via B2Bpay than direct to Billers?

  1. B2Bpay allows you to pay ALL Business expenses, regardless of whether they accept Amex or not. This is because we pay the Biller via EFT or BPAY.
  2. When you pay the ATO and other Government bills via B2Bpay you will earn 4.5 or 5 points per dollar. If you paid these directly you would only earn 2.25 or 2.5 points per dollar.

Save up and fly later

With no expiry and no cap on Membership Rewards Points, use this amazing offer to turbo boost your points balance. Your points will be waiting and ready for you to turn into business or first-class travel in the future.

Or use points to pay

If your cash flow needs a boost, you can earn double the points AND double the value by using Select + Pay to pay or part-pay transactions on your card statement, You will receive an amazing 4.5% ‘cash-back’ value until July 20th 2020! At a cost of 2.2% (1.54% after tax deduction) to pay with B2Bpay, this is unbelievable value!

“Using Amex is CHEAPER than using cash”
Steve Hui ‘The Points Whisperer’, CEO iFLYflat

Join B2Bpay today

Click on the button below to sign up to B2Bpay to receive all the benefits of paying business expenses by card using B2Bpay – including improved cash flow, bonus Qantas Points,  ease of use and saving time by paying all your bills in the one place.

* American Express Terms:

Eligible purchases can be made by the Primary Card Member and any Additional Card Members on a single Card Account. Eligible purchases are purchases for goods and services minus returns and other credits. Eligible purchases do not include fees or interest charges, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person payments, or purchases of other cash equivalents. Merchants classified as “government”, include the Australian Taxation Office, the Australian Postal Corporation (Australia Post), Federal/State and Local Government bodies. Points will typically be credited to your Membership Rewards Account within 5 days after an eligible purchase you made is posted to your Account. Additional Terms and Conditions apply, please see membershiprewards.com.au/termsandconditions.

The value of your Membership Rewards points when redeemed for the Select + Pay option will automatically double per point for the period of the offer. For full Select + Pay Terms and Conditions, please see membershiprewards.com.au/termsandconditions.

The promotions begin on 21 April 2020 and end on 20 July 2020, inclusive. Your Card Account must not be cancelled or past due at the time of fulfilment of any offers. Terms and Conditions for the Membership Rewards program apply. Visit membershiprewards.com.au/termsandconditions for more information.

 

What is the COVID-19 Government Stimulus Package?

On 22 March 2020, the government announced a second wave of Stimulus Package incentives

But what does it all mean for individuals and small businesses? See outlined below some of the various Federal and State incentives that have been announced so far to help Australian businesses get through this once in a lifetime event. 

Federal

  • <50M turnover
  • Held an ABN on 12 May 2020 and continues to be active
  • Carrying on in a business and earned business income in FY 2019 and lodged 2019 return OR made supplies in course or further of an enterprise starting 1 July 2018 and ending before 12 March 2020 and lodged relevant activity statement.
  • Based on 100% of PAYWG amount on activity statement
  • March 2020 or June 2020 for Quarterly lodgers
  • March, April, May or June for monthly lodgers
  • Monthly lodger payment based on 3x March PAYWG
  • Integrity Measures (Be aware!)

Click here to see Government Info

  • Same tests as per tranche 1
  • Based on 100% of PAYGW amount in tranche 1 and paid in equal installments based on whther monthly or quarterly lodger

Click here to see Government Info

  • Wage subsidy of 50% of apprentice or trainee wages for up to 9 months from January 2020 to September 2020
  • If SME not able to retain apprentice subsidy available to new employee
  • Maximum benefit $21k per apprentice or trainee
  • Available to SME employing fewer than 20 employees who retain an apprentice or trainee
  • Can register from 2 April 2020
  • Final claim lodged by 31 Dec 2020

Click here to see Government Info

  • Claim $1,500 per fortnight per eligible employee
  • Includes employees (those let go as well) “on the books” as at 1 March 2020 (no limit on employer size)
  • Sole traders, partnerships, trusts and companies can nominate one self employed individual
  • Maximum period 6 months
  • Turnover <$1BN and turnover reduced  >30% relative to a comparable period 1 year ago
  • Turnover > $1BN and turnover reduced >50% relative to a comparable period 1 year ago
  • Not subject to major bank levy

Click here to see Government info

  • <$500M turnover
  • 50% deduction of the cost
  • Existing depreciation rules apply to the balance
  • Asset must be installed and ready to use by 30 June 2021
  • New assets only

Click here for Government info

  • < $50M turnover
  • 50% guarantee on new loans for SMEs up to $250k
  • Financial Institutions will be providing the products
  • Operates from 1 April 2020 to 30 Sept 2020
  • 3 year term, initial 6 month repayment holiday
  • No security required 

Click here for Government info

  • <500M turnover
  • Asset must be installed and ready for use by 30 June 2020
  • Only applies until 30 June 2020
  • New and used assets

Click here for Government info

  • Access $10k before 1 July 2020
  • Access a further $10k from 1 July 2020 until 24 Sept 2020
  • Must be unemployed; or
  • Eligible to receive Job seeker payment, youth allowance for job seekers, parenting benefit, special benefit or farm household allowance; or
  • On or after 1 Jan 2020 either
    • made redundant
    • working hours reduced by >20%
    • sole trader turnover reduced by >20% 

Click here for Government info

State

VIC Payroll Tax

  • Taxable wages <$3m
  • 2019-20 financial year waived
  • Reimbursement of payroll tax already paid
  • Click here for more info

VIC Land Tax

  • At least one non residential property
  • Total taxable landholdings <$1m
  • Deferral of Land Tax for 2020 payment until after 1 Jan 2021
  • Click here for more info

VIC SME Grant

  • $10k Business Grant
  • Employ staff
  • Turnover >$75k
  • Payroll <$650k
  • Subject to closure or impacted by non essential  activity directives
  • Click here for more info

NSW Payroll Tax

  • Taxable wages <$10m
    • Annual Liability reduced by 25%
    • Done at time of annual reconciliation
    • March, April or May 2020 payment not required for monthly payers
  • Taxable wagers >$10m
    • Deferral for 6 months
    • Threshold increased to $1m from 1 Jul 2020
  • Click here for more info

NSW SME Grant

  • $10k Business Grant
  • Between 1-19 employees
  • Turnover >$75k
  • Payroll <$900k
  • Have an ABN as at 1 Mar 2020, be based in NSW and employ staff as at 1 Mar 2020
  • Click here for more info

QLD Payroll Tax

  • <$6.5m in Australian taxable wages eligible for refunds of payroll tax for 2 months and payroll tax holiday for 3 months
  • Deferral of payroll tax for the calendar year
  • >$6.5m in taxable wage eligible for deferral of payroll tax for 2020 calendar year
  • Refund of payroll tax for 2 months
  • Deferral of payroll tax for 2020 year 
  • Click here for more info

QLD Interest Free Loans

  • Up to $250k
  • 12 months interest free
  • Click here for more info

QLD SME Electricity Rebate

  • $500 rebate on power bill
  • Consuming <100,000kw hours
  • Will be automatically applied to invoice
  • Click here for more info

QLD Rent Relief

  •   Relief for businesses renting government premises

TAS Payroll Tax

  • Taxable wages <$5m
  • No payroll taxes payable for entire 2019/20 year
  • Deliverd through payroll tax refunds and waivers
  • Click here for more info

TAS Government Fees and Charges Freeze

  • Water and electricity bills will be waived for the first quarterly bill received after 1 April this year for small business customers on Tariff 22, 94, 82 or 75, including those small businesses on market contracts that could affect those Tariffs.
  • Electricity prices will be capped, and water prices will be frozen until next financial year.

TAS Land Tax

  • Waiver of land tax for 2020-21 for commercial property owners where land tax is paid by the business owner.
  • Click here for more info

TAS Business Continuity Grant

  • $750 for business continuity advice provided by CA/CPA 
  • Click here for more info

ACT Payroll Tax

  • Hospitality, creative arts and entertainment sector payroll tax waiver for 6 months
  • Interest free deferrals commencing 1 July 2020 where Australian taxable wages <$10m
  • Click here for more info

WA Payroll Tax

  • Threshold increased to $1m from 1 July 2020
  • Taxable wages < $7.5m March to June payroll tax waived
  • Taxable wages > $1m and < $4m grant of $17,500
  • Click here for more info

WA Electricity Rebate

  • $2,500 electicity bill credit will be applied from 1 May 2020 for Synergy and Horizon Power cusotmers who consume < 50MWh per year

SA SME Grant

  • $10k Business Grant
  • Employee Staff in SA
  • Turnover >$75k
  • Payroll < $1.5m and no payroll tax waiver
  • Had ABN 1 March 2020 and carrying on a business
  • Apply by 1 June 2020
  • Click here for more info

SA Payroll Tax

  • Taxable wages < $4m
    • 6 month waiver payroll tax (March to August 2020)
  • Taxable wages > $4m
    • 6 Month deferral if can demonstrate significant COVID impact
    • Click here for more info

This content above was put together for information purposes only. The Content does not constitute tax and/or legal advice and should not be relied upon as such. You should seek tax, legal or other professional advice before acting or relying on any Content.

 

© Michael Armstrong – Property Tax Solutions 2020 V6