If you have been wondering “Is it still safe to see my accountant?” during the Covid-19 pandemic then the answer is Yes!

Accountants and accounting practices have an essential role during these times. At Profacc Public Accountants we are open for business, still providing essential financial advice and financial services to our clients.

Currently, we are still working in the office and are meeting with clients via email, phone, and online via Zoom. We will support you in navigating these unprecedented and rapidly changing times.

We want you to achieve your financial goals!

Keep on top of your finances during the shut-down

It is more important than ever to keep on top of your business and personal finances during Covid. If you are needing financial advice, or assistance with tax returns, budgeting, or superannuation set-up then you can contact us, safe in the knowledge that we can help you in a variety of ways.

We already have strict security systems and the relevant hardware to keep providing financial care whether that is from our office or working from home.

How you can access financial support, tax advice, and book-keeping services

By meeting with a reputable accountant, you are able to access resources and advice. At Profacc Public Accountants, we can also help unpack the latest updates from the government.

You can access financial support with Profacc via:

  • Phone
  • Email
  • Zoom or Skype

Manage your accounts during Covid-19

finances during Covid

The good news is that there are a few steps you can take yourself to strengthen your finances. It’s really important to take stock and see where you stand. An honest look – this is what will help you.

Here are some tips to help you navigate your finances during this time:

  • Keep in touch with your accountant – don’t hide away! We know this might be a tough time for some: navigating new stimulus packages, changes to tax and earnings, changes to superannuation – plus a change in your budgeting. We are here to help you with this.
  • Revisit your budget – look at your budgets and check the items that are no longer outgoings (has your gym membership been put on hold? Are you no longer paying for some services?)
  • Re-assess your incomings – have you got a clear forecast for sales/income/earnings this quarter and next? What can you do to help cashflow now?
  • Assess any outstanding debts and see what can be put on hold or better still, paid off now you are saving in other ways. Many lenders are offering a break from fees or repayment charges, so check what the new rules are for any of your debts.
  • Check for all the stimulus you can access – we can help you with this. The Australian Government is rolling out various stimulus packages and financial support. Talk to us if you are unsure about what you can claim.
  • Track your work-from-home hours & expenses - yep, if you are now working from home, there are many costs you will be able to claim in your tax return. The ATO has scrapped many of the usual qualifying criteria and instead, a flat rate will be applied to make it easier to claim your expenses for March-June 2020 - you just need to keep a record of the number of hours you worked from home (we still recommend keeping basic receipts and records if you can for future reference).

Contact us at Profacc Accountants & Financial Planning for all your finance and business advice. We can help you understand your personal and business situation, and implement strategies now so help you in the long run.