Affinitas Finance in Aspley, Queensland, Australia | Mortgage brokers

Affinitas Finance

Locality: Aspley, Queensland, Australia

Phone: +61 430 383 996

Address: 22/1344 Gympie Road 4034 Aspley, QLD, Australia

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

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25.01.2022 Rental property owners - here's what we know so far.. Keeping everyone safe and housed is essential part of the governments Covid-19 responses. But if you own a rental property, as well as having your own mortgage, this can be a worrying time. The proposed JobKeeper payments (to be legislated next week), along with the increased JobSeeker allowance and additional State-based Covid-19 payments, which include rent assistance, will hopefully help more tenants maintain their abi...Continue reading

25.01.2022 Happy Mothers Day to all our Mums

25.01.2022 Take care out there peeps!

25.01.2022 First sight of the Qld Homebuilder Grant qualification requirements and process just released. More to follow once weve unpacked all the details..

22.01.2022 One of the best ways to answer the question of "what would we do financially if..." is to understand where you are at the moment and then draw up a plan for the potential changes you might be worried about. To help you do this, weve made a free toolkit available. This includes - De-Stress your budget Checklist... De-Stress your budget Planner Video tutorial on how to use the Planner If youd like a copy of the free toolkit, comment below or drop me a PM. Affinitas Accounting Tanya du Preez - Affinitas Finance

22.01.2022 There are moments that just make my heart sing - like getting an email from the next generation of long term favorite clients who are wanting to plan their first property move

22.01.2022 Queensland Businesses - Small Business Adaption Grant If youre a Queensland business affected by COVID-19 there is an opportunity for you to get some help in enhancing or redirecting your business with a Queensland Government Small Business Adaption Grant. There may be little or no investment for you to access up to $10,000 worth of support. The Grant specs state that it is to help small businesses prepare for the safe resumption of trading in the post COVID-19 recovery... access digital technologies to rebuild business operations and transition to a new way of doing business respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth upskill and reskill business owners and staff to benefit from new technologies or business models embrace business diversification to adapt and sustain operations create or retain employment. The following eligibility requirements apply to the grant: have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queenslands Chief Health Officer on 23 March 2020 demonstrate that business revenue has been significantly impacted since 23 March 2020 over a minimum 1-month period due to the onset and management of COVID-19 employ staff and have fewer than 20 employees at the time of applying for the grant have a valid Australian Business Number (ABN) active as at 23 March 2020 be registered for GST have a Queensland headquarters have an annual turnover over $75,000 for the last financial year have a payroll of less than $1.3 million not be insolvent or have owners/directors that are an undischarged bankrupt. If you think you may meet these eligibility criteria, have a look at the Better Business Freedom ebook guide - https://www.betterbusinessfreedom.com//QLD-Small-Business- Many of you may be familiar with Jean-Marc Barbeau of Better Business Freedom, who has worked with us and many of our clients over the years. We have partnered with Better Business Freedom to help you access the grant and provide the support you may need to leverage this into making powerful change in your business. This is Time Sensitive: Applications opened on 19 May 2020. Once the program budget has been fully allocated, applications for the program will close. It is estimated that approximately 10,000 small businesses will be supported through this program. https://www.business.qld.gov.au//advice-su/grants/adaption If you need help with the next steps, please reach out to us at [email protected] and we will arrange for a conversation with Jean-Marc and the relevant members of our team to look at the next steps for your business. Jean-Marc Barbeau Better Business Freedom Affinitas Accounting

21.01.2022 Thanks Rachael for the fab review! We so enjoy working with you. We also love that we can work as a team across disciplines at Affinitas to help our clients get awesome outcomes! Affinitas Accounting #smartstrategicsimple

21.01.2022 If youve been thinking about your will ( or are on my infamous nag list) , sign up for this free Webinar with Merthyr Law and get to it..

20.01.2022 This is a great outcome, a huge relief to folk who have taken on the risk of investing in a rental property, and good news for the long term stability of our rental property market for both tenants and landlords. Thank you to everyone who answered the call for the #everyonematters campaign.

20.01.2022 I'll be sharing some frequently asked questions around asking your bank for help if you've found yourself with having to close your doors for a period, or a drop in turnover, but in the meantime, here are the details around the stimulus package for businesses. #brokersworkforyou #covid19 #hereforyou

20.01.2022 If you have questions about the JobKeeper payment announced yesterday, here is what we know so far..

19.01.2022 JOBKEEPER UPDATE - The How, What and When.. VALUE OF JOBKEEPER TO YOUR BUSINESS If you are eligible to receive the JobKeeper payment for all your eligible emplo...yees for the entire 6 month period, we have estimated that you would receive the total JobKeeper payment amount below: This equates to $ 19 500 per employee or eligible business participant over 6 months. This is great help to business cashflows during these difficult times, but as with anything involving regulation and the ATO, there is risk.. OBLIGATIONS AND RISKS TO YOUR BUSINESS If an incorrect claim is made or if the ATO in the future decides that you were ineligible to receive the JobKeeper payment, the ATO will require you to repay them any JobKeeper payments that you have received plus penalties and interest. The key risks to you as the employer include: 1. The employer certifies the facts provided to the ATO and the JobKeeper claim made. 2. The employer receives significant JobKeeper payments over a 6 month period. For example, an employer with 5 employees would receive $97,500, and an employer with 10 employees would receive $195 000. 3. If the employer makes a mistake and is found to be ineligible by the ATO (for example, its turnover is not down by 30%), then they may have to repay all amounts received back to the ATO. This is not recoverable from employees (unless they confirmed they were eligible but were not) 4. An employee ceases to be eligible if they cease employment during the life of this JobKeeper scheme. Also, the ATO requires you to keep all records in relation to your JobKeeper claim for a 5 year period. TIMELINE OF ACTIONS YOU NEED TO TAKE The ATO has specific actions that must take place within tight timeframes for an employer to receive the JobKeeper payment. Employer Eligibility Assessment NOW Review ATO requirements for the business Review ATO requirements for employees Review ATO requirements for Business Participation Entitlement Sole Trader, Partnership, Company or Trust Document the fall in turnover % in case of future ATO audit Identify Eligible Employees NOW Prepare list of eligible employees Prepare JobKeeper employee nomination notice for all eligible employees and ensure all notices are signed Make Correct Wage Payments to Eligible Employees NOW Ensure your payroll software is correctly set up to record JobKeeper top up payments Pay the minimum $1,500 before tax to each eligible employee each fortnight (starting with the fortnight 30 March to 12 April) to be able to claim the JobKeeper payment for that fortnight Continue to pay the minimum $1,500 to employees in every subsequent fortnight until 27 September 2020 Enrolment for JobKeeper FROM 20 APRIL 2020 TO BE DONE BY 30 APRIL Enrol for JobKeeper using ATO online services from 20 April 2020 o Provide employer bank account details for receipt of JobKeeper payment o Confirm if applicant is entitled to a Business Participation Payment o Specify the number of employees who will be eligible for one period and the number eligible for two periods o Get confirmation that all employees the employer plans to nominate are eligible and the employer has notified them and has their agreement Apply for JobKeeper Payments FROM 4 MAY 2020 Apply to claim the JobKeeper payment using ATO online services between 4 May 2020 and 31 May 2020 Ensure all eligible employees have been paid $1,500 per fortnight Identify the eligible employees from a STP prefill or by manually entering into ATO online services Update your accounting system Chart of Accounts to ensure JobKeeper payments are coded correctly Monthly JobKeeper Declaration Report DUE BY 7TH OF EACH MONTH Using ATO online services, report to the ATO using their Monthly JobKeeper Declaration Report on the following: o Reconfirm that your reported eligible employees have not changed o Input current GST Turnover for the reporting month o Input projected GST Turnover for the following month o Notify if any eligible employees have changed or left your employment Getting this correct and done on a timely basis is essential. We are able to offer assistance for each of the steps above, including the monthly reporting. Please reach out to our team for more information on (07) 3359 5244 or [email protected] Affinitas Finance #covid19 #jobkeeper

19.01.2022 Homebuilder grant - Long post warning.. Here are all the details available straight from the Treasury fact sheet. HomeBuilder provides eligible owner-occupiers (including first home buyers)...Continue reading

16.01.2022 Some context for business owners on the Jobkeeper relief package.

16.01.2022 The HomeBuilder grant is a great way to help you build a home if you were already planning to.. But (there is always a but) if a house and land wasnt on your radar before and say the inner city apartment living kinda vibe is more your thing, it really is worth remembering that youre going to be tipping in a heap of cash yourself over time. Make sure youll be buying / building a property that really suits your needs..... Hawaiian pizza isnt for everyone ... Affinitas Accounting #brokersworkforyou #smartstrategicsimple

16.01.2022 Tougher criteria to qualify, reduced amounts with new eligibility tests (including hours worked for part time and casual employees).. Heres everything you need to know about Jobkeeper 2.0 without the politics..

14.01.2022 Its been a busy and challenging six months, and a record month in June helping clients buy homes and others lock in savings on refinanced home loans. Im in my happy place with the fam for a break. Ill be back on the 6th rested and ready to go for the new financial year. Thank you all for your support. My fab team are still around to look after you if you need help while Im away.

14.01.2022 Public Service Announcement For all my Brissie peeps.. the Louenhide warehouse sale is on.. 70% off their gorgeous handbag range #savingyoumoneyonyourmortgage #savingyoumoneyonfashiontoo

14.01.2022 Getting your 2020 tax returns using our virtual and online options couldnt be easier! Clients are contacting us, as usual, via phone/email to book their appoin...tment. This can be a Zoom meeting, phone call or via email if you prefer. Were not doing in office appointments this tax season because the social distancing requirements would mean less appointments available and wed rather spend our time saving you $$$ than juggling desks! When you book your appointment, well send you our tax checklist which well ask you to complete and return to us two days before your appointment. If you want to be quick off the mark with your 2020 tax return, you need to remember that annual PAYG summaries and other details are sometimes not finalised on your ATO portal report until mid-late July. Those who have investments should be aware that the tax details for these are often not finalised until Sept-October each year. To book your 2020 tax return appointment, contact [email protected] or phone 07 3359 5244

14.01.2022 Ill be sharing some frequently asked questions around asking your bank for help if youve found yourself with having to close your doors for a period, or a drop in turnover, but in the meantime, here are the details around the stimulus package for businesses. #brokersworkforyou #covid19 #hereforyou

13.01.2022 Always lovely getting great feedback

12.01.2022 Weve been getting heaps of questions about the HomeBuilder grant.. here Im working through the top 5 questions as they relate to buying land and building.. More detail in my blog - link in the comments.. Hope you find this helpful!

11.01.2022 Wishing you a Happy Easter! I hope the Easter visited.

11.01.2022 Spent the last day of the financial year with my family wandering Hastings St in the gorgeous winter sunshine, and stimulating the local economy! I hope the new financial year is good to all of you @ Noosa Heads, Queensland

11.01.2022 Testing out my new @baxterblue_ blue light glasses.. hoping these will help me minimise the impact looking at a screen has on getting those precious hours of sleep

11.01.2022 How Jobkeeper 2.0 works An Example Carmen owns and runs the City Caf. Carmen started claiming the JobKeeper Payment for her eligible staff and herself as a b...usiness participant when the JobKeeper Payment commenced on 30 March 2020. At the time, Carmen estimated that the projected GST turnover for City Caf in April 2020 would be 70 per cent below its actual GST turnover in April 2019. To be eligible for the JobKeeper Payment from 30 March 2020 to 27 September 2020, Carmen needed to show the turnover for the City Caf was estimated to decline by at least 30 per cent. As a monthly BAS lodger, Carmen submitted her BAS for the City Caf in April, May and June. For each of these, her actual turnover was as follows: April, May, June Quarter: 2020 : $ 170 000 2019: $ 600 000 72% decline July, Aug, Sept Quarter: 2020: $ 400 000 2019: $ 600 000 33% decline July to September improved but was still 30% or more down on the same quarter in 2019 The actual turnover decline for both the June and September 2020 quarters was still greater than 30 per cent, so City Caf was eligible for the Jobkeeper Payment for the period of 28 September 2020 to 3 January 2021. Business continued to improve for the City Caf, and actual turnover for the December 2020 quarter was 20 per cent less than the December quarter 2019, so the City Cafe was no longer eligible to claim the JobKeeper for the second extension period starting from 4 January 2021. Working out the JobKeeper Payment rate to be claimed In the scenario above, Carmen also needs to calculate how much to claim for each of her staff, and for herself as a business participant. As Carmen was working full-time at the caf herself throughout February 2020, she is entitled to claim $1,200 per fortnight from 28 September 2020 to 3 January 2021, as an eligible business participant. She has three full-time employees who are also eligible to be paid $1,200 per fortnight because they each worked 20 hours or more per week throughout February 2020. Carmen has an employee, Chris, who works part-time with different hours every other week: 14 hours one week; and 22 hours the next week. During the two pay fortnights prior to 1 March 2020, Chris was employed for 36 hours in each fortnight. On average, Chris worked less than 20 hours per week for City Caf. Carmen is eligible to claim $750 per fortnight for Chris, from 28 September 2020 to 3 January 2021. Cathy is an eligible employee who worked on a long-term casual basis during February 2020. To determine what rate of JobKeeper Payment to claim for Cathy, Carmen looks at pay records for the two fortnightly pay periods before 1 March 2020. She sees that Cathy was employed on average less than 20 hours per week, so Carmen claims $750 per fortnight for Cathy, from 28 September 2020 to 3 January 2021. Carmen also started employing Charles from September 2020. Because Charles was not employed at City Caf on 1 March 2020, Carmen cannot claim the JobKeeper Payment for Charles. Source - Fact_sheet-JobKeeper_Payment_extension Economic Response to the Coronavirus - JobKeeper Extension Last updated: 21 July 2020 Affinitas Finance

10.01.2022 When your work family are so on point with gift giving... I arrived at the office for the first time in ages to this gorgeous birthday gift Thank you Affinitas Accounting squad

09.01.2022 As your broker, advocating for you is at the foundation and heart of my business. As weve done before, our industry is out there engaging and lobbying for outcomes to help borrowers in the turbulent circumstances we find our selves in.. An encouraging update from Mike Felton of the MFAA - Still early days, but very pleasing to see a number of supportive lender announcements filtering through today on their COVID-19 customer assistance measures.... I believe the intent is also that the customers credit file will importantly not be negatively impacted. Whilst there are still many lenders that are yet to announce their positions, these developments and the numerous conversations we have been having with lenders remain very reassuring. Ill be in touch with a newsletter shortly with lender specific detail, if youre not on my mailing list but would like a copy, PM me your email address. #brokers #covid19 #lenders #brokersworkforyou

06.01.2022 Rental property owners - heres what we know so far.. Keeping everyone safe and housed is essential part of the governments Covid-19 responses. But if you own a rental property, as well as having your own mortgage, this can be a worrying time. The proposed JobKeeper payments (to be legislated next week), along with the increased JobSeeker allowance and additional State-based Covid-19 payments, which include rent assistance, will hopefully help more tenants maintain their abi...Continue reading

06.01.2022 The ATO is at it again - updates dropped late night Friday..Important info here for businesses already receiving jobkeeper - key employment date changed from 1 March to 1 July - you may be eligible to claim for more of your team. The all in one in rule applies, so if you have team members who now become eligible you must include them or risk losing further payments...

04.01.2022 Need more information about what the stimulus package may mean to you, or need help with your small business cashflow? Get in touch with our team at Affinitas Accounting

03.01.2022 Blown away by this super thoughtful gift !! Thanks Maddi and your fab team at Empire Legal for this delicious treat! Working with you is a pleasure! Just in time for a sneaky long weekend to celebrate Craig Daniel Du Preezs birthday ... Im back on board Monday peeps.

03.01.2022 How Jobkeeper 2.0 works An Example Carmen owns and runs the City Café. Carmen started claiming the JobKeeper Payment for her eligible staff and herself as a b...usiness participant when the JobKeeper Payment commenced on 30 March 2020. At the time, Carmen estimated that the projected GST turnover for City Café in April 2020 would be 70 per cent below its actual GST turnover in April 2019. To be eligible for the JobKeeper Payment from 30 March 2020 to 27 September 2020, Carmen needed to show the turnover for the City Café was estimated to decline by at least 30 per cent. As a monthly BAS lodger, Carmen submitted her BAS for the City Café in April, May and June. For each of these, her actual turnover was as follows: April, May, June Quarter: 2020 : $ 170 000 2019: $ 600 000 72% decline July, Aug, Sept Quarter: 2020: $ 400 000 2019: $ 600 000 33% decline July to September improved but was still 30% or more down on the same quarter in 2019 The actual turnover decline for both the June and September 2020 quarters was still greater than 30 per cent, so City Café was eligible for the Jobkeeper Payment for the period of 28 September 2020 to 3 January 2021. Business continued to improve for the City Café, and actual turnover for the December 2020 quarter was 20 per cent less than the December quarter 2019, so the City Cafe was no longer eligible to claim the JobKeeper for the second extension period starting from 4 January 2021. Working out the JobKeeper Payment rate to be claimed In the scenario above, Carmen also needs to calculate how much to claim for each of her staff, and for herself as a business participant. As Carmen was working full-time at the café herself throughout February 2020, she is entitled to claim $1,200 per fortnight from 28 September 2020 to 3 January 2021, as an eligible business participant. She has three full-time employees who are also eligible to be paid $1,200 per fortnight because they each worked 20 hours or more per week throughout February 2020. Carmen has an employee, Chris, who works part-time with different hours every other week: 14 hours one week; and 22 hours the next week. During the two pay fortnights prior to 1 March 2020, Chris was employed for 36 hours in each fortnight. On average, Chris worked less than 20 hours per week for City Café. Carmen is eligible to claim $750 per fortnight for Chris, from 28 September 2020 to 3 January 2021. Cathy is an eligible employee who worked on a long-term casual basis during February 2020. To determine what rate of JobKeeper Payment to claim for Cathy, Carmen looks at pay records for the two fortnightly pay periods before 1 March 2020. She sees that Cathy was employed on average less than 20 hours per week, so Carmen claims $750 per fortnight for Cathy, from 28 September 2020 to 3 January 2021. Carmen also started employing Charles from September 2020. Because Charles was not employed at City Café on 1 March 2020, Carmen cannot claim the JobKeeper Payment for Charles. Source - Fact_sheet-JobKeeper_Payment_extension Economic Response to the Coronavirus - JobKeeper Extension Last updated: 21 July 2020 Affinitas Finance

03.01.2022 Great results from various groups lobbying for more inclusive application of the Jobkeeper payment.. heres the update:

02.01.2022 The most Important budget of our lifetimes breaks open the piggy bank.. The Morrison Government is banking on tax cuts and big business spending to lead the Aus...tralian economy out of the Covid-19 recession. In what has been labelled the most important Budget of our lifetime, Treasurer Josh Frydenberg has outlined a range of policies designed to give individual taxpayers more money to spend and encouraging businesses to invest in human and capital resources. The main Budget numbers and policies can be found at: https://affinitasaccounting.com.au//Market-Wrap-2020-Budge As with all Government announcements, the devil is always in the detail. How these pump-priming policies work in practice and how difficult (or not) they are to access can be the key to their success. And it pays to remember that most Budget announcements do not become law until they are passed by both Houses of Parliament. The Affinitas Team will keep across the progress of the new tax and any other Budget policies as more details are released. Contact 07 3359 5244 or [email protected] Affinitas Finance

02.01.2022 We've been getting heaps of questions about the HomeBuilder grant.. here I'm working through the top 5 questions as they relate to buying land and building.. More detail in my blog - link in the comments.. Hope you find this helpful!

02.01.2022 Its been a pretty intense couple of weeks for all of us. Im looking forward to some quality downtime with my family who have been so patient with my crazy hours on the phone and at my desk. Wishing you all a happy and blessed Easter .

01.01.2022 This is important clarity from ASIC provided to lenders, it opens up the opportunity to convert to interest only repayments rather than going straight to a repayment deferral position. Under this option,where borrowers can still afford interest only repayments they at least wont be facing a higher debt at the end of the relief period. "Converting a mortgage to interest-only would result in paying more over the long term because the principal is not being reduced. However, th...is option does not inflate the loan amount like pausing a mortgage does, which capitalises interest on interest payments." If youd like to chat about your options and what might work best for you, as always please reach out by DM, email [email protected] or give me a call on 0430 383 996 #brokersworkforyou #covid19 #smartstrategicsimple Affinitas Accounting