All posts by B2B Pay

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How to Earn Qantas Points When You Get Paid Through Xero

What if your clients not only paid you on time, but you were also able to earn Qantas Business rewards each time they paid you? Sounds too good to be true? If your business uses the online accounting platform Xero to issue invoices, it is actually possible! Keep reading as we give you the tips and tricks.

How can points be generated through your Xero invoices?

Here’s the exciting news! A Xero+B2Bpay integration will allow you to issue invoices that include a link to a B2Bpay button. Your clients can pay their invoices directly to B2Bpay which will generate Qantas Points for you and your business.

Earn 1 Qantas Point for every $20 paid to you by VISA or Mastercard and watch those points grow!

Benefits of using B2Bpay to accept payments with Xero

How easy is it to get set up?

Step 1

Get set up to accept payments

Click here

Step 2

Log in and connect to Xero

Step 3

Accept card payments directly from your Xero invoices.

B2Bpay special offers:

B2Bpay is currently offering a special limited offer for businesses to easily earn Qantas Points!

Sign up to B2Bpay by 8 November can earn 20,000 Qantas Points when receiving up to $20,000 worth of payments from clients before 30 November, 2020.

Want to earn 30,000 Qantas Points? Sign up to B2Bpay by 8 November and set up your system to receive and make payments. Then all you have to do is make a total of $10,000 in payments and receive a total of $20,000 payments or more before 30 November, 2020.

B2Bpay has never made it easier for businesses to be paid. No more invoice chasing. No more additional admin work.

Join B2Bpay for free and start making more of a profit through your invoices.

Need to speak to a specialist? Call us on 1300 205 575 or drop us a line.

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

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Aussie businesses can now earn Qantas Points for getting paid!

  • To mark a successful first year B2Bpay, in partnership with Qantas Business Rewards, has announced an exciting enhancement to reward Australian businesses even more
  • B2Bpay is now rewarding businesses with Qantas Points when they get paid as well!

Backed by Qantas Business Rewards, online payment platform B2Bpay is revolutionising how SME’s do business and to celebrate the 1-year anniversary since its launch an exciting enhancement has been announced to deliver even more rewards for Australian businesses.

The popular online payment tool announced in April that it will be expanding its reward offering to now also offer additional Qantas Points to businesses when they get paid by customers.

“B2Bpay has had such a successful first 12 months and we are thrilled to be celebrating through introducing a major enhancement to the platform that delivers even more value to Australian business owners and their customers,” says General Manager Kevin Butler.

“We have learnt that many of the SMEs we’ve helped with simpler more rewarding ways to pay their bills also need support with how their customers pay them. Business owners often struggle to know where to start when accepting card payments. B2Bpay offers an easy solution that also boosts lucrative Qantas points balances not only for your business but for your customers as well,” adds Kevin Butler.

Businesses receiving payments on B2Bpay will now earn 1 Qantas Point for every $20 paid to them by Visa or Mastercard and their customer also earns 1 Qantas Point per $100 in addition to the points provided by their credit card.

“The Qantas Business Rewards program makes it easy for business owners to earn Qantas Points on their everyday business expenses and it’s been wonderful to see so many businesses taking advantage of the B2Bpay platform over the past 12 months. In recognition of the first anniversary of B2Bpay’s launch we are very pleased to be expanding rewards to businesses when they get paid,” said Eric Jelinek, Head of Qantas Business Rewards.

Is it easy to get set up?

With B2Bpay, it’s super easy to get set up. Simply fill in our Online Enquiry Form to get started, and we can get you set up within a day with your own branded payment portal. Then your customers can start paying you online, 24/7. What’s more, it’s completely free to get set up. The only cost is the card processing fee, which you can choose pass on to your customers.

So how does it work?


Step 1 – Invoice your business customers
Simply place the B2Bpay ‘pay now’ payment details on your invoice

Step 2 – Customers pay you
Customers click (or enter URL) to pay by credit card on your dedicated payment page

Step 3 – Funds are sent to you
Funds are transferred within 3 business days to your bank account with reference details

For more information on becoming a B2Bpay biller click here.

For more information on the Qantas Business Rewards program visit Qantas Business Rewards.

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How to Pay BPAY with a Credit Card and Earn Points

What is BPAY?

BPAY is an electronic bill payment system in Australia. BPAY allows you to make payments via internet or telephone banking to organisations who are registered BPAY billers.

Can I use BPAY using my credit card?

Yes you can, but you should check if you are being charged as a purchase or a cash advance. Some banks may allow you to use BPAY with your credit card if the biller does not accept credit card payments. But the transaction will be treated as a cash advance and you will be charged a cash advance fee.

One way to get around this is for your business, is to use B2Bpay to pay your BPAY invoices.  We already have over 30,000 suppliers with a BPAY Biller code set up in our sytem. And if you can’t find your Biller or Supplier on this list, simply select ‘Add new biller’ and enter their details.

How does B2Bpay work?

B2Bpay forwards your payment to your biller by BPAY – the same way as if you paid them direct. By using B2Bpay your credit card issuer will identify the payment as a ‘general’ payment meaning that you will earn full credit card points on that transaction, plus it won’t be treated as a cash advance.

Is BPAY or bank transfer faster?

If you are using B2Bpay to make a BPAY payment, you will need to allow 3 business days for the payment to be made. If you are paying a supplier directly via EFT, the funds will usually land in their account instantly or within 1 business day.

How can I earn rewards with BPAY using my credit card?

By using B2Bpay to make a BPAY payment, the payment will be classified as ‘General Spend’ and you will earn your FULL Credit Card reward points on the payment. What’s more, you’ll earn additional Qantas Points (1 point per $100 paid) on top of this (via your Qantas Business Rewards Account).

How to make a BPAY payment using B2Bpay?

It’s really simple. Register for B2Bpay, which you can do straight away (and it’s free). And then you follow the following steps:

  1. 1. Find the BPAY logo on your email or paper bill which will show your Biller code.
  2. 2. Log in to B2Bpay
  3. 3. Select Add a new Biller
  4. 4. Enter the BPAY Biller Code
  5. 5. Make the payment by filling in your reference details and amount.
  6. 6. That’s it! Your bill payment is complete.

To find out more about B2Bpay and sign up – visit our homepage.

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Smart method one small business owner implemented to get enough points to fly first class to Europe

Alissa Light of Tooradin Bakery in Victoria uses points earned from making business payments to fly first class. She managed to do this by simply changing the way she paid her bills. These were payments she had to make anyway, but by using B2Bpay, this allowed her to use her high points earning Amex card.

What is B2Bpay?

B2Bpay is a secure payment portal in partnership with Qantas Business Rewards which allows small business owners to pay business expenses using their credit card, even if the biller doesn’t accept card themselves.

How can B2Bpay turbo boost your Qantas Points balance?

SME’s paying bills using B2Bpay can earn Qantas Points as well as the usual credit card reward points from their issuer on all expenses, even on tax and utility bills.

“Rewards can be game changing for small business who work tirelessly at all hours,” Alissa said. Alissa’s point balance grew and grew over the past year, even though many of her suppliers don’t accept Amex. Thanks to B2Bpay, she has already taken one trip in style and has another one planned.

“We got to fly first class to Singapore and next on the agenda is Europe flying Business and First. I haven’t had to pay a cent, this has all been done with points”, she said. “Flying first class is something I had never done before, until I started using B2Bpay. And seeing paying bills I simply have to do as a small business owner, it’s really nice to be rewarded for that.”

Businesses prefer to pay by card

Kevin Butler, General Manager at B2Bpay’s parent company, Zenith Payments said that they have designed B2Bpay by looking into ways that businesses actually want to make payments.

“Businesses have been left slightly behind the eight ball in terms of efficient payment methods; consumers make a lot of payments via cards. We found that businesses were paying their suppliers there had been a lack of card acceptance, making the process difficult.”

“Simply enabling businesses to pay via card made a lot of sense to us,” Kevin said.

Find out how you can also benefit from B2Bpay.

 

 

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Download your Tax Statement in a few clicks

As a business, you can likely claim your credit card processing fees as a tax deduction at tax time. The good news is, this is very easy to do using B2Bpay. Simply login and in a few steps you can get a printed statement, download an Excel file or import a file into your Accounting software system (Xero, MYOB etc).  Then all you need to do is share with your Tax Accountant.

Instructions

  • Log in to B2Bpay
  • Click the “View Payment History” button on your Dashboard
  • Once there – select the dates you would like to view (eg. for this financial year you would select 1 July 2019 – 30 June 2020)
  • Then select how you would like to download the statement. You will see 3 buttons: Print Invoice, CSV Download and OFX Download (see details of each below).

Print Invoice

This option gives you a printed Statement which shows your customer tax invoice summary

CSV Download

This option allows you to download a CSV file which you can then open in Microsoft Excel

OFX Download

This option allows you to download an OFX (Open Financial Exchange) file, which is a text file containing payment data. You can then import this file into your Accounting Software package (such as Xero or MYOB). See instructions for importing into Xero here, and MYOB here.  Alternatively, you can connect B2Bpay to XERO, MYOB or QuickBooks and your payments will be automatically categorised and reconciled each time. Click here to find out more.

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Top tips for Australian businesses this EOFY

End of Financial Year can be a stressful time but there’s some great tools and incentives for Australian businesses to take advantage of this year.

Kevin Butler, General Manager of Australia’s leading payment solution provider Zenith Payments has shared his top tips for this End of Financial Year.

Kevin Butler’s top five tips for Australian businesses this EOFY

 

1. Think about what purchases you could make before 30 June – and use B2Bpay to pay by card so you can ‘buy now, pay later’ as your card statement won’t be due until next financial year.

2. Read up on the now $30,000 instant asset write off scheme – the threshold was recently increased to $30,000 so take advantage of this before June 30 this year.

3. Check out Corporate Prepaid Gift Cards,  which is a great way to use up marketing budgets with branded pre-paid credit cards you can use to reward staff or customers in the next financial year.

4. Use B2Bpay to pay for all business purchases and:

  •  Reduce cash flow concerns by using your credit card’s up to 55 days interest free period;
  • Earn credit card reward points;
  • Pay ATO bills and earn full credit card points;
  • Receive Qantas Points on EOFY purchases and all other expenses

5. Get some advice from your accountant and check out how your business can benefit. You can even earn credit card and Qantas Points when you pay your accountant using B2Bpay!

“The end of financial year is a great time to do some shopping for your business. Businesses can take advantage by maximising tax deductions before the end of year. What’s more, the government’s $30,000 instant tax deduction initiative is a great tax break for small businesses.”

“Cash flow can often limit the ability of businesses to take advantage of these tax breaks. That’s where B2Bpay comes in by allowing you to use your credit card’s interest free days to hold your cash longer” says Kevin Butler, Zenith Payments General Manager.

“Powered by Zenith Payments B2Bpay is an innovative solution that allows small businesses to pay all business expenses via a single, secure online portal.”

“Using B2Bpay will negate the usual loss of points that occurs when paying the ATO directly by credit card. Instead our customers are rewarded with a much-needed silver lining at tax time with full credit card points and additional Qantas Points too.” adds Kevin Butler.

With B2Bpay, business owners can maximise credit card rewards on all payments in addition to boosting cash flow, productivity and tracking of business expenses.

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How to add a ‘Pay Now’ link on your Xero Invoices

You now have your own branded Payment Page set up with B2Bpay, where you can easily accept credit card payments online. What’s more,  both you and your customers will be rewarded with Qantas Points when payments are made through this page.

And if you use Xero to invoice your customers – the great news is you can set B2Bpay up as a payment option and your customers can simply click ‘Pay Now’ from your invoice and be taken to your Payment Page with the amount and reference already pre-populated.  Simply follow the instructions below to set this up.

Instructions

Step 1

Log in to Xero

Step 2

Click on your Company Name drop down on the top left hand side, then click on ‘Payment Services’ and select ‘Add Payment Service’

Step 3

Select ‘Use a custom URL’, and enter the following details and then press ‘Save’

  1. For Name – type ‘B2Bpay’
  2. For Your Custom URL – cut and past this URL into the field:
    https://pay.b2bpay.com.au/BUSINESS?paymentamount=[AMOUNTDUE]&customerreference=[INVOICENUMBER]
  3. Once pasted, replace the word ‘BUSINESS’ in the above URL with your merchant code. For example if your payment page address is pay.b2bpay.com.au/ABCBusiness, then replace ‘BUSINESS’ in the URL with ‘ABCBusiness’
  4. For Pay Now Text – enter what you would like for the text on your invoice. For example “Pay now by Credit Card

Step 4

Once this has saved, go back to ‘Settings’, then ‘Invoice Settings’ and in ‘Options’, select ‘Edit’

Step 5

In the field ‘Payment Services (Credit Card)’ on the right hand side, select ‘B2Bpay’

You’re done!

Your invoices will now include a link for customers to:  View and pay online now  using B2Bpay.

This link will bring them to an online version of the invoice with a payment link.

The amount and invoice number will be pre-populated.

Instructional Video

We’ve also put together a short video which takes you through the above steps

Need further help?

Email us [email protected]  or  call: 1300 205 575

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The upside of Amex changes in April 2019

B2Bpay still the most profitable way to pay all of your business expenses.

On 15 April 2019, American Express made changes to points earning and redeeming rates. You can visit their website here and see how your card has changed.

The good news is, regardless of which card you have; you are still better off using your American Express card to pay all your business payments using B2Bpay to earn credit card points, and to earn Qantas Points on top of that. Although the points transfer value has reduced by up to 50% when transferring your American Express Rewards Points to airline points, the earn rate has doubled or more than doubled on some cards.

As Steve Hui ‘The Points Whisperer’ founder of iflyflat.com.au helps business with strategies to earn more points says “ensuring you have the right card is the first step, then deciding where to travel is the second step”. “Then you can focus on using it to maximise points and that’s where B2Bpay comes in by helping you earn full points on bills like your ATO BAS bill and by earning extra Qantas Points too”.

B2Bpay is reducing American Express card processing fees

Some more good news is that as of 17 April 2019, B2Bpay reduced card processing fees for paying with American Express cards from 2.4% to 2.2% (1.54% after tax deduction) excluding GST.

So which cards earn more points than before?

A good example of this is the  American Express Platinum Business Card and the American Express Platinum Card.

B2Bpay payments fall into the ‘all other spend’ category’ ,with this earning rate:

Before 15 April:              1 Membership Reward point per $1

From 15 April:                 2.25 Membership Reward points $1

In addition to these changes to the points you earn, American Express has also halved the redemption rate for when transferring Membership Rewards points to airline or hotel points.

But, because the earning rate has more than doubled, you are still ahead and will earn more points than before. Plus you will pay the reduced B2Bpay processing fee.  Winner!

Example:

Let’s use paying the ATO as an example of how you can earn even more points using B2Bpay after 15th April…

A customer uses B2Bpay to pay a $10,000 ATO bill (or any other bill):

Before 15 April:

Earn 10,000 American Express Membership Rewards Points

= this can be transferred to 10,000 Qantas Points

Plus at least 100 Qantas Points from B2Bpay

TOTAL: 10,100 Qantas Points 

From 15 April:

Earn 22,500 American Express Membership Rewards Points

= this can be transferred to 11,250 Qantas Points

Plus at least 100 Qantas Points from B2Bpay

TOTAL: 11,350 Qantas Points

 

 

 

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Now you can be rewarded for paying bills and getting paid.

 

Innovative payments fintech B2Bpay has just announced that it will now offer Qantas Points to small businesses when they accept payments. SME’s will receive 1 x Qantas Point for every $20 paid to them via the B2Bpay portal.

The beauty of B2Bpay for small businesses is that not only can they can offer their customers the opportunity to earn Qantas Points when they pay them, but now they can also earn Qantas Points for themselves when getting paid.

Since the launch of B2Bpay a year ago, customers have been earning 1 Qantas Point for every $100 spent via the portal.

B2Bpay General Manager, Kevin Butler said “B2Bpay has been very successful to date and we attribute it to the fact that we are very customer centric and enjoy nothing more than rewarding them for paying their everyday bills,”

“Recently, we decided that we would like to extend the Point earning potential to our billers – small businesses that are accepting payments.”

“Being able to reward small businesses for getting paid is a first of its kind in our industry and we are very excited about it,” Kevin said.

B2Bpay has found a unique angle to provide Australian small businesses with an extra incentive to do business and benefit from processing payments.

 

How do I become a B2Bpay Biller?

It costs nothing for you to become a B2Bpay biller and you can also opt for your own branded payment portal.

We can help you get set up. All you have to do is add a link to your invoices (eg. pay.b2bpay.com.au/ yourcompanyname) so they can start getting paid online via credit card at any time of the day.

 

Get paid quickly and save time and hassle

Getting paid by card is faster and by offering online payments you make it more convenient for your customers to pay you, at any time of the day or night.

Cut down your manual work and time on the phone because you don’t have to cross-check bank statements or card details.

Watch our video on how it all works here.


If you would like to have a chat to us, please call 1300 205 575.