Dev Accounting & Financial Solutions in Melbourne, Victoria, Australia | Tax preparation service

Dev Accounting & Financial Solutions

Locality: Melbourne, Victoria, Australia

Phone: +61 430 582 430

Address: 830 Tarneit Road,Tarneit 3029 Melbourne, VIC, Australia

Website: http://www.devafs.com.au/

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• Tax preparation service
• Accountant
• Business consultant

24.01.2022 SCAM WARNING With tax time over, be on high alert for phone calls demanding the payment of fake tax debts. Stay vigilant and warn your friends and family so they don’t get tricked. Be suspicious if someone contacts you demanding payment. Remember, we would never: Request the payment of a tax debt via prepaid gift cards (eg iTunes or Google Play) Ask for direct credit to be paid into a personal bank account or via an ATM... Demand immediate payment, use aggressive behaviour, or threaten you with arrest or deportation. These are typical scammer tactics! If you’re unsure about a call you receive, hang up immediately. Phone our scam hotline on 1800008540 to check if the call was legitimate or report the scam. Find more info at www.ato.gov.au///identity-security/verify-or-report-a-scam

21.01.2022 : Do you need help to understand how JobKeeper is changing so more employees can qualify? Download this infographic for changes to: 1. the eligibility criteria 2. a payment extension to 31 August, and... 3. how employers can nominate different employees if their employment has changed. For more details on the changes, visit https://www.ato.gov.au///Employers/Your-eligible-employees Stay safe and well & Please do not hesitate to contact us if you require further advice or assistance.

20.01.2022 Sole Trader Support Fund Grants for non-employing sole traders to help their transition to COVID Normal. Click on the below link for more information please:... The Victorian Government’s Sole Trader Support Fund applications are open now. https://go.vic.gov.au/fLsTct If you have any query,feel free to contact us. Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected]

19.01.2022 Is there a way of Lodging Tax Returns without Penalty???? The countdown is on! .. Your 2020 tax return needs to be lodged by 2 November 2020 (31 October falls on a Saturday this year) if you’re planning to do it by yourself. Even after the due date has passed, it is important to lodge as soon as you can because interest will be charged by the ATO after 21 November 2020. Taxpayers, who use a tax agent like us, can often lodge well beyond that deadline without penalty. Tax ...agents are given concessional extended deadlines which mean that we can lodge returns on behalf of clients up to Mid May 2021 without incurring any penalty. What are the penalties for not lodging a tax return? Firstly, the ATO will issue you a Failure To Lodge (FTL) penalty if your tax return isn’t lodged by the due date. This fine is calculated at the rate of one penalty unit for each period of 28 days or part thereof that the document is overdue, up to a maximum of five penalty units. The value of a penalty unit is currently $222, which makes the maximum penalty which can be applied for an individual $1,110. What should you do to avoid ATO penalties? If you are concerned that you can’t meet the 31 October deadline, you should now be giving serious thought & MUST be registered with us by 31 October in order to benefit from the extended deadline. If you have any query, feel free to contact us. Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected]

19.01.2022 Tax cuts, more incentives for business investment and payments for pensioners and aged care: tonight’s Federal Budget was a wide-ranging fiscal program to cushion the impact of the Covid-19 pandemic and kickstart an economic recovery. The government has proposed to bring forward by two years individual tax cuts legislated to start in 2022/23, meaning as of the 2020/21 income year the 19% threshold will be lifted from $37,000 to $45,000 and the 32.5% threshold lifted from $90,...000 to $120,000. The low and middle income tax offset will also be retained for an additional year. Budget 202021 has been released. Access the Budget papers at www.budget.gov.au Many of the measures announced as part of Budget 2020-21 are not yet law. The Australian Government is responsible for decisions on tax and superannuation policy and legislation, which we then administer on their behalf. Learn more at http://www.ato.gov.au/.../latest-news-on-tax-law-and-policy/ If you have any query,feel free to contact us. Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected] Credit: News9

16.01.2022 Covid-19 early release of super extended to 31 December 2020.

14.01.2022 Victorian businesses will have access to a $3 billion support program as the Victorian Government announced a third round of the Business Support Fund Grants on Sunday 13 September 2020. The program includes cash grants, cashflow support and tax relief providing additional financial support to businesses impacted by restrictions in Victoria. Click on the link below for more information on the new $3 billion packages available to businesses. https://www.business.vic.gov.au//...b/business-support-fund-3 If you have any query, please feel free to contact us. Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected]

13.01.2022 #Budget2020 has been released. You can find all Budget papers at www.budget.gov.au We will soon provide key points which may directly relate to you and your family. If you have any query,feel free to contact us.... Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected]

13.01.2022 *Are you working from Home * The shortcut method for claiming your working-from-home expenses (80c per work hour) has been extended until 31 December 2020! Next year’s tax return might seem a world away, but keeping good records now will make life easier when you lodge next year. ... For more info on claiming working-from-home expenses, visit www.ato.gov.au//deductions-you-can-c/home-office-expenses/

11.01.2022 Covid-19 early release of super extended to 31 December 2020. Pursuant to recent legislative amendments, individuals now have until 31 December 2020 (extended from 24 September) to access up to $10,000 of their superannuation under the compassionate ground of release that was introduced in response to the Coronavirus in April this year. You need to check the eligibility criteria carefully before you apply for COVID-19 early release of super and keep records that demonstrate ...your eligibility. Temporary residents were only entitled to make a single application for $10,000 to be released during the 2019/20 financial year (I.e., by 30 June 2020), and so this extension is not relevant to temporary residents. Eligible individuals who are looking to access their superannuation entitlements under the above new ground of release will be able to apply directly to the ATO through the myGov website (at www.my.gov.au) and certify that the eligibility criteria’s are satisfied. If you are unable to demonstrate your eligibility when ATO ask for evidence, ATO may revoke the determination issued in respect to your application. This means the amount paid to you under COVID-19 early release of super will: become assessable income need to be included in your tax return and you will pay tax on the released amount. If you provide false or misleading information to meet the eligibility criteria for early access to your super, you could face hefty fines of up to $12,000. Stay safe and well & please do not hesitate to contact us if you require further advice or assistance on 0430582430. PS: Please consider to take independent financial advice or contact to ATO before withdrawing of super annuation.

11.01.2022 You might now be eligible for JobKeeper, even if you weren't before. Here's what you need to know. There's an update to the JobKeeper Payment. From 3 August 2020, the relevant date of employment will move from 1 March to 1 July 2020, increasing employee eligibility for the existing scheme and the extension. This also applies to sole traders. Information is rapidly changing, including the location of Government support factsheets. So please keep in touch with https://treasury....gov.au/ & https://www.ato.gov.au/ to get access to the latest information. Stay safe and well & Please do not hesitate to contact us if you require further advice or assistance. https://www.abc.net.au//jobkeeper-coronavirus-sup/12533904

10.01.2022 Third Round of Business Support Fund is Open Now: *Applications will remain open until funds are exhausted or until 11.59pm on 23 November 2020, whichever is earlier.* Grants to support Victorian businesses that must stay closed or operate under restrictions until COVID Normal.... Businesses in the eligible sectors must also: (see this link for eligible sectors - https://www.business.vic.gov.au//Third-round-of-the-Busine) 1. operate a business located within Victoria; and 2. participate in the Commonwealth Government’s JobKeeper Payment scheme; and 3. employ people and be registered for Workcover Insurance with WorkSafe Victoria; and 4. have had an annual payroll of less than $10 million in 2019-20; and 5. be registered for Goods and Services Tax (GST); and hold an Australian Business Number (ABN); and 6. be registered with the responsible Federal or State regulator. Click on the link below for more information please. https://www.business.vic.gov.au//b/business-support-fund-3 If you have any query,feel free to contact us. Dev Accounting & Financial Solutions Pty Ltd 0430582430 [email protected]

10.01.2022 How you can keep claiming almost $1,500 fortnight: Five things you NEED to know about JobKeeper before sweeping changes come in next month... Information is rapidly changing, including the location of Government support factsheets. So please keep in touch with https://treasury.gov.au/ & https://www.ato.gov.au/ to get access to the latest information. Stay safe and well & Please do not hesitate to contact us if you require further advice or assistance.... https://www.dailymail.co.uk//Five-things-NEED-know-JobKeep

09.01.2022 R U K? Today is an important day for mental health and checking on those around you. Take a moment to contact at least two people in your world and ask them, hey, are you doing alright? ... You just need to let them know you are there. It really could make all the difference.

08.01.2022 At Dev Accounting, our comprehensive range of services are designed around the needs of our clients. We specialise in helping a large number of clients ranging from Individuals to Small businesses, Trusts, Companies, Partnerships, and Self Managed Superannuation funds for compliances and needs for Accounting, Auditing, GST, FBT, Payroll Tax, Structure Formation, and ASIC Secretarial Practices. https://www.facebook.com/Dev-Accounting-Financial-Solutions-103515408091361

06.01.2022 Has your business been forced to close due to Stage 4 restrictions? One-off grants will be made available to eligible businesses under the Business Support Fund program: $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions... $5,000 for employing businesses in regional local government areas (except Mitchell Shire) Applications for the program will be extended until 14 September 2020. Apply now: https://www.business.vic.gov.au//bus/business-support-fund *Business Support Fund grants from the Victorian Government are not available to sole traders, unfortunately.

06.01.2022 How one taxpayer tripled their tax refund by ditching the ATO's 80 cents shortcut method http://www.abc.net.au//tax-time-work-from-home-ex/12722886