AAA Taxation by Allison Forrest Accounting in Gold Coast, Queensland | Tax preparation service

AAA Taxation by Allison Forrest Accounting

Locality: Gold Coast, Queensland

Phone: +61 407 575 377

Address: 16 Flaxton Street 4208 Gold Coast, QLD, Australia

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

Likes: 594

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24.01.2022 ****Tax Time Small Business Tool Kit ****** https://www.ato.gov.au///TaxTimeToolkit_small-business.pdf

22.01.2022 *****Jobkeeper Reminder***** You need to complete your declaration of Income for the month of May 2020 and estimated income for the month of June 2020 in order to keep receiving Jobkeeper payments. You dont need to qualify for the 30% reduction in turnover each month but you need to declare your income each month to remain eligible. Declarations are required by mid June 2020 or Jobkeeper payments will stop. The sooner you complete the declaration the sooner you will receive Mays Jobkeeper payment. This procedure needs to followed up until September 2020 in order to receive the full 6mths of Jobkeeper payments.

22.01.2022 $150,000 immediate asset write off has been extended to 31 December 2020! Please see attached for conditions .

22.01.2022 Always a pleasure receiving such positive client recommendations. I love my clients! Thanks Stuart "Always great service" #AAAtaxation #accountant #AllisonForrest

22.01.2022 *** UPDATED 30/03/20 *** Coronavirus Government Stimulus See what you could be entitled to from the link below #AAAtaxation https://bit.ly/2WLK35z

22.01.2022 Open Home today: 10.30am - 11.30am 1.00pm - 2.00pm See you then cheers ... #135albertst #easyreach #easyagent #teammonty See more

21.01.2022 Going overseas and still have a Student Loan? If you have moved overseas and have a Higher Education Loan Programme (HELP), VET Student Loan (VSL) or Trade Support Loan (TSL) debt, you will have the same repayment obligations as those who live in Australia. This applies even if you already live or intend to move overseas for a total of more than six months in any 12-month period. You will need to update your contact details using our online services via myGov. You will also b...e required to advise us of your worldwide income if your income exceeds 25% of the minimum repayment threshold for the income year and make a compulsory repayment. This also applies when you pay an overseas levy towards your debt if you earn over the minimum repayment threshold. If you have a Student Financial Supplement Scheme (SFSS), Student Start-up Loan (SSL) or ABSTUDY Student Start-up Loan (ABSTUDY SSL) debt and go overseas, we will continue to maintain your loan account. Your debt will not be waived and the amount outstanding will continue to be indexed each year until you have paid off your debt. You can still make voluntary repayments when you are overseas. Contact myself to find out how to best manage this process. Always happy to help. Allison 0407575377

21.01.2022 ****PLEASE NOTE - IF CLAIMING JOBKEEPER****** Once you qualify for JobKeeper you are eligible for payments up to the end of September 2020, REGARDLESS of your turnover. You dont stop receiving JobKeeper if your turnover increases. The ONLY time you stop JobKeeper for certain employees is if you have any staff changes, ie: a staff member leaves or you stop employing all together. I have been receiving a large number of queries with clients thinking they no longer qualify as their turnover is back to normal. The INCOME DECLARATION due each month, is merely reporting to the ATO. It DOES NOT CHANGE your eligibility for payments.

20.01.2022 Chance to spoil your Mum this Mothers day! HURRY This is our 24 Hour Competition to win.. This Mothers Day we are giving 3 lucky followers a chance to W...IN : to get Kmart $100 Gift Card to get Mothers Day Hamper to get A Cookie Hamper with Free coffee all you need to do is our Facebook this post ( ) all the amazing mums you know who deserves a special treat this Mothers Day!! (Surely tag yourself if you are a mother OR anyone you know, who is a Mother) !!! :- Competition closes 8th May 2020 6.00PM Winners will be announced on 8th May 2020 by 6.30PM. You need to be living in any of the following 4208 Monty Van Dyk

19.01.2022 Dont be this guy!! Book an apointment today Allison 0407575377 #AAAtaxation #AllisonForrest

19.01.2022 ****JOBKEEPER REMINDER**** Dont forget to complete your declaration of Income for the month of June 2020 and estimated turnover for the month of July 2020, in order to keep receiving Jobkeeper payments. The sooner you complete the declaration the sooner you will receive Junes Jobkeeper payment. Declarations are due by mid July 2020. This procedure needs to be completed each month up until September 2020 in order to keep receiving your Jobkeeper payments.

19.01.2022 ATO announces new deductions for those working from home from 1 March 2020 as a result of Covid19.

19.01.2022 Still need to get your tax done? No problem, you are not alone! We are here to help pm the page to make an appointment. #AAAtaxation... #AllisonForrestAccountant #accounting #ormeau #localexpert See more

18.01.2022 Really appreciate all the lovely recommendations everyone. xxx

18.01.2022 2019 Tax cuts passed. Finally!!

17.01.2022 As we all rush to complete our 2019 Tax returns it is easy to fall into common traps and mistakes. Too often its simple mistakes and misunderstandings that trip people up. While we know most people want to get it right, ATO audits and reviews show that there are five main areas where taxpayers are most likely to get it wrong. The top five mistakes include taxpayers who are:... 1. Leaving out some of their income maybe forgetting a temp job or money earned from the sharing economy 2. Claiming deductions for personal expenses home to work travel, normal clothes or personal phone calls 3. Forgetting to keep receipts or records of their expenses 4. Claiming for something they never paid for often because they think everyone is entitled to a standard deduction 5. Claiming personal expenses for rental properties either claiming deductions for times when they are using their property themselves or are claiming interest on loans used to buy personal assets like a car or boat. Many of the mistakes are avoidable and there are a few things taxpayers can do to make sure their tax time experience is stress-free. As a certified CPA and registered tax agent, Allison can advise you on what you can legitimately claim. Tax can sometimes be tricky, but its not tricky to keep good records. To ensure you dont miss anything on this years tax return, contact Allison Forrest on 0407 575 377

17.01.2022 ****JOBKEEPER REMINDER**** Dont forget to complete your declaration of Income for the month of July 2020 and estimated turnover for the month of August 2020, in order to keep receiving Jobkeeper payments. The sooner you complete the declaration the sooner you will receive Julys Jobkeeper payment. Declarations are due by mid August 2020. This procedure needs to be completed each month up until September 2020 in order to keep receiving your Jobkeeper payments. You do not need to re-qualify. Once you qualify for Jobkeeper you will receive it up until September 2020, regardless of your monthly income.

16.01.2022 2019 TAX HACK #001 ** $30,000 instant asset write-off ** Thinking of purchasing assets for your business? The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020.... If you purchase an asset (new or second hand) costing less than $30,000 and it is used or installed ready for use from 7:30pm AEDT on 2 April 2019, you can claim a deduction for the business portion. Different thresholds apply for assets purchased before that date: from 29 January 2019 until before 7.30pm AEDT on 2 April 2019, the threshold is $25,000 before 29 January 2019, the threshold is $20,000. You may purchase and claim a deduction for multiple assets provided each asset is under the relevant threshold. Assets that cost $30,000 each or more cant be immediately deducted. You can continue to deduct them over time using the small business pool. From 2 April 2019, the instant asset write-off has also been expanded to include businesses with a turnover from $10 million to less than $50 million. Remember, as a registered tax agent we can help you with all your tax related questions. To book call Allison 0407 575 377

16.01.2022 Advice: When purchasing a rental property or a new residence and renting out your existing one, PLEASE speak to your accountant first. Please DO NOT rely on the banks tax advice. I have seen so many clients told that they can claim interest on their old principal place of residence when increasing borrowings to pay for their new property. Regardless of whether the security is over your old home, the only interest on loans you can claim is that on the original/loan amount a...t the time of refinance. Banks cannot give tax advice so please dont rely on it. For the right advice talk to Allison 0407 575 377 or pm the page #AAAtaxation

15.01.2022 always.... #AAAtaxation

14.01.2022 Thanks everyone.... 500 likes !

14.01.2022 Coronavirus Government Assistance UPDATED 31/03/20 New stimulus for: > Individuals > Households... > Sole Trader Businesses > Business with employees > Employees > Jobkeeper payment information Check your updated status from the link below https://bit.ly/2WLK35z If you have any questions please use the contact forms on the webpages Always here ready to help Allison

14.01.2022 *****IMPORTANT ANNOUNCEMENT******* YOU MAY NOT BE ACTUALLY ENROLLED TO RECEIVE JOBKEEPER If you receive or have received a text message from the ATO regarding JobKeeper, please DO NOT IGNORE IT and think it is just a blanket text to everyone. It is a call to Action. ... YOU NEED TO ACTUALLY ENROL FOR THE JOBKEEPER PAYMENT. Previously all you did was register for information. You need to physically go into your MyGovID (other than Sole traders) or your MyGov account (Sole trader - ATO) and click on the COVID-19 announcement and select ENROL, then answer the questions as required. !!! ENROL FOR JOBKEEPER BY 30 APRIL!!!

13.01.2022 ****JOBKEEPER REMINDER**** Don’t forget to complete your declaration of Income for the month of June 2020 and estimated turnover for the month of July 2020, in order to keep receiving Jobkeeper payments. The sooner you complete the declaration the sooner you will receive June’s Jobkeeper payment. Declarations are due by mid July 2020. This procedure needs to be completed each month up until September 2020 in order to keep receiving your Jobkeeper payments.

13.01.2022 SCAM ALERT Scammers have set up a clone of the myGov website to trick you into sharing your login and bank account details, Stay Smart Online says. The scam starts with a phishing email that looks like it is from Medicare, asking you to update your Electronic Funds Transfer (EFT) details, so you can start receiving payments for Medicare benefits and claims.... If you click on the link in the email you are taken a replica of the real myGov website. Youll note the URL includes .net instead of .gov.au, which is an indication the website is not a legitimate Australian Government domain! If you input your login details you are directed to also enter your secret security question and answer, before youre taken to the fake Medicare website to input your bank account details. These emails and web pages feature myGov and Medicare design and branding, making them appear legitimate. Remember, clicking on the link and sharing your details gives these scammers access to your personal information, which they then use to steal your money and identity!

11.01.2022 Accountants Humor! #AAAtaxation #AllisonForrest

10.01.2022 *****UPDATE 20 APRIL 2020****** JOBKEEPER PAYMENT REGISTRATION PROCESS & GUIDELINES https://bit.ly/2wLuGzz... #AAATaxation #AllisonForrest #Accounting #coronavirus

10.01.2022 At 11pm last night the government released updates to the JOBKEEPER PAYMENTS for Employers & Self-Employed. Follow the link to read all about the latest provisions and how you can apply etc. JOBKEEPER UPDATE https://bit.ly/2wLuGzz... Allison Forrest 0407 575 377 16 Flaxton St PO Box 522 ORMEAU QLD 4208 #AAATaxation #AllisonForrest #Accountant #AllisonForrestAccountant

10.01.2022 Beware latest ATO SCAM. #AAAtaxation

08.01.2022 Lovely thank you from clients ! Thanks Allan snd Tanya Nicolson! I have the best clients

06.01.2022 The minimum income threshold for student loan repayments is changing on 1 July. If you have a study or training loan and earn $45,881 or more during the 201920... financial year, youll be required to make compulsory repayments. Start the new financial year on the right foot check your employer knows you have a student loan to help ensure youre taxed correctly. Read more at www.ato.gov.au//study-and-training-s/compulsory-repayments

04.01.2022 Have a great weekend everyone!

03.01.2022 Selling a Luxury Car or providing a car to an employee or related party? When you sell a luxury car in Australia its subject to LCT if you sell it in the course of your business and youre registered or required to be registered for GST. LCT applies in all of the following cases:... - A dealer sells a car to an individual or business and the car passes from the manufacturer (or importer) to the finance company, then to the dealership, then to the end customer each stage is regarded as a separate sale. - A dealer, wholesaler, manufacturer or importer provides a luxury car to an employee, associate or member of the same GST group or GST joint venture. - A car is sold to a Commonwealth, state or territory department, agency or statutory authority (other than when used as an emergency vehicle). - A car that is a capital asset of a business is sold or traded in. - An endorsed public institution sells a car that is a work of art or a collectors piece and the buyer is not an endorsed public institution. Providing a car to an employee or other related party You must pay LCT if you provide a luxury car to an employee (either as a bonus or as part of a salary package) or associate. If you sell a luxury car to your employee, associate or an employee of your associate for less than the market value, or give it to them, the LCT value of the car is its GST-inclusive market value, excluding any LCT payable. If youre a member of a GST group and provide a luxury car to another member of your GST group the LCT liability is payable by the GST representative member. If youre a participant in a GST joint venture and you provide a luxury car to another participant in the GST joint venture the LCT liability is payable by the joint venture operator. To find out more about if and how the Luxury Car Tax effects you and your business, contact Allison Forrest 0407 575 377 #AAAtaxation #allisonforrest #accountant #expertadvice

03.01.2022 *****December 2019 BAS statements due 28th February 2020**********December 2019 BAS statements due 28th February 2020*****

03.01.2022 Chance to spoil your Mum this Mother's day! HURRY This is our 24 Hour Competition to win.. This Mother’s Day we are giving 3 lucky followers a chance to W...IN : to get Kmart $100 Gift Card to get Mother’s Day Hamper to get A Cookie Hamper with Free coffee all you need to do is our Facebook this post ( ) all the amazing mum’s you know who deserves a special treat this Mother’s Day!! (Surely tag yourself if you are a mother OR anyone you know, who is a Mother) !!! :- Competition closes 8th May 2020 6.00PM Winners will be announced on 8th May 2020 by 6.30PM. You need to be living in any of the following 4208 Monty Van Dyk

03.01.2022 *** BREAKING NEWS *** The Federal Government has today 30 March 2020, announced a wage subsidy for businesses to continue to pay workers. The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19. In Short the details are as follows:... $1500/fortnight to be paid to employers, to be passed onto employees to keep connected to an employer Available to full and part time workers, sole traders, and casuals employed for 12 months or more Will apply via ATO for workers that were on books as at 1 March Will flow from 1 May backdated to today If employee has been terminated since 1 March, then they will still be eligible for the JobKeeper payment Business turnover needs to have reduced by 30% or more to be eligible for the scheme Will be linked to STP lodgements for employers/employees You can register your business with the ATO by clicking on this link. This will then keep you informed of what you need to do to be eligible. https://bit.ly/3bBW8hM Please note: Legislation is yet to be passed - more detail will follow once the legislation has been passed. Allison Forrest 0407 575 377 16 Flaxton St PO Box 522 ORMEAU QLD 4208

03.01.2022 Tuesday funny.... #AAAtaxation

02.01.2022 ******JOBKEEPER PAYMENT ACTION REQUIRED****** Make sure you log onto your business MyGov ID or MyGov Account (if sole trader) and continue the steps for JobKeeper payments and report your Business Income as required for April ASAP in order to start to receive your payments. Please note you need to log on monthly to declare your business income up until September 2020 to remain eligible. You dont need to satisfy the reduction in turnover rules in order to remain eligible, but you do need to report your business turnover each month to continue to receive JobKeeper payments.