Alethea's Bookkeeping Services in Brendale | Financial service

Alethea's Bookkeeping Services

Locality: Brendale

Phone: +61 438 183 777

Address: Leitchs Road 4500 Brendale, QLD, Australia

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

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• Consultation agency
• Accountant
• Financial service
• Business consultant

25.01.2022 Work in an office? While we cant help you with that co-worker who keeps microwaving fish (), we can help you figure out the deductions you can claim this ...tax time! Check out our tailored deduction guides for tips across a range of occupations, including: IT and media professionals Lawyers Real estate employees Sales and marketing professionals Other office workers From clothing and home office costs to travel and self-education expenses, its all covered at www.ato.gov.au//In/Occupation-and-industry-specific-guides

25.01.2022 Have a myGov account? Follow our tips to lock down your login this tax time! Keep your login details safe and dont share them with anyone, including family ...members or your tax agent. (Agents have access to client info via a separate system, so they dont need your myGov password!) Use the SMS code option to sign in. Its a secure way to access our online services youll receive a security code to verify your identity when you log in. Avoid using your myGov account over public Wi-Fi. These unsecured networks make it easier for cybercriminals to intercept your info. Protect yourself and your digital identity find more tips at www.ato.gov.au/General/Online-services/Online-security

25.01.2022 Working two jobs and puzzled about why the second is withholding more tax? Income tax is calculated on your total income at the end of each financial year, s...o youll end up paying the same amount of tax if you earn it through one employer or many. However, you should generally only claim the tax-free threshold (i.e. $18,200 in tax-free earnings each year) from one employer at a time this is why each employer might withhold different amounts during the year. Find out more in our article on ATO Community at https://community.ato.gov.au//How-much-tax-shoul/ta-p/8111

24.01.2022 Own a rental property? Check out our video on the difference between repairs and improvements for tax purposes. A refresher on the facts will help you nail ...your deductions! Remember: Repairs or maintenance to restore something broken, damaged or deteriorating can be claimed immediately, but general improvements or renovations must be claimed over a number of years. Find out more at www.ato.gov.au//Residential-renta/Rental-expenses-to-claim

23.01.2022 Travelling to represent your business at conferences, expos and trade shows is a great feeling for small business owners! Some of your expenses, like flights a...nd accommodation, may be deductible for the part of your trip that relates to business but if your trip is for both business and pleasure, youll need to apportion your claim. Private expenses like sightseeing or bringing your family with you cant be claimed. Read more about getting your small business travel expenses right at www.ato.gov.au//Income-and-deductions-for-business/Deducti

22.01.2022 This is hilarious! Is this how you sew? :)

22.01.2022 Last year, 99% of people who lodged online had their tax return (or refund!) processed within two weeks. Some lodgments require extra manual processing, parti...cularly if: the bank account details recorded in your return were updated during processing we need to check certain info with other government departments (eg Centrelink, Child Support or Family Assistance Office) you have an existing tax debt we need to verify the info youve provided. If its going to take more than four weeks for us to finalise your return, well notify you. Find out more at www.ato.gov.au//l/tracking-your-refund-or-fixing-a-mistake

22.01.2022 Somethings different this year Instead of a payment summary, you might receive an income statement. So what does that mean for you at tax time? If you us...e a tax agent, you dont need to do anything; theyll have access to the info so they can lodge your tax return. If you lodge your own return, you can access your income statement by logging into our online services through myGov. Top tip: Wait until your employer marks your info as tax ready in myGov before you lodge (they should get it done before 31 July 2019). Your other info will be pre-filled in your return by mid-August. Find out more at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

20.01.2022 Tax tip: If youre required to work from home, you may be able to claim a portion of your home office expenses on your tax return! This could include deductions... for: Office equipment Work-related phone calls Internet access charges Lighting, heating and cooling Furniture repairs Cleaning Check what you can claim at www.ato.gov.au//deductions-you-can-cl/home-office-expenses

19.01.2022 Small business owners: Check out our new Tax Time Toolkit! It has fact sheets to help you get common claims for expenses right and an introduction to Single Touch Payroll for small employers. Download it today at www.ato.gov.au//Prepare-and-lo/In-detail/Tax-Time-Toolkits

19.01.2022 Its time for our latest round of ABN Fact or Fiction! Picture this: You start working as a contractor to a few different businesses. Do you: a) Not worry about... applying for an ABN because you dont earn enough to collect GST b) Apply for an ABN because you may need one even if you earn below the GST threshold. The answer is B! If youre running an enterprise, you may need an ABN even if you dont need to register for GST. For more info, watch our video or visit www.abr.gov.au/business-super-funds-charities/applying-abn

18.01.2022 There are new annual tax reporting requirements.

17.01.2022 Tired of sorting through your receipts at tax time? Theres no need to miss out on deductions because of lost or faded receipts! Claim everything youre entit...led to use the myDeductions tool in our ATO app to snap, save and keep track of your expenses throughout the year. Itll make next tax time easier Learn more at www.ato.gov.au/General/Online-services/ATO-app/myDeductions See more

16.01.2022 If youve already lodged your tax return, you can track its status using our online services. These are a few of the status updates you might see: In progres...s Information pending: We need further info and may contact you. In progress Under review: Were reviewing your tax affairs, which may include prior-year assessments. In progress Balancing account: Were balancing your return with your tax accounts to calculate your refund or amount owing. Well work to get your refund to you ASAP, but these steps are essential to protect you and the tax system. Read about the other stages of processing at www.ato.gov.au//L/Tracking-your-refund-or-fixing-a-mistake

15.01.2022 Employers: If youre not yet reporting through Single Touch Payroll, youll need to provide your employees with payment summaries by 14 July (even if you didnt... withhold any tax). As this date falls on a weekend, you have until the next business day to give them to your employees. For more info, visit www.ato.gov.au/Busi/PAYG-withholding/PAYG-Payment-summaries

14.01.2022 Enrolled for JobKeeper payments, but not sure what to do next? Here are some of the most common questions were being asked. What if I get it wrong? What shou...ld I do? If you cant self-amend using our online services you can call us on 13 28 66, and well help fix any genuine mistakes that have been made. We have checks in place and will follow up with employers if we need more info. I have enrolled what do I do next? Log into our online services, identify your employees (if any) and complete monthly a business declaration (when available through our systems). How long will I need to wait for the JobKeeper Payment once Ive confirmed eligibility and completed the steps? We usually make payments within 4-6 days. Looking for more info? Check out www.ato.gov.au/JobKeeper

12.01.2022 Mistakes in your tax return can slow it down Common (and avoidable!) slip-ups that can delay a return include missing or incorrect details relating to: Bank... account interest Salary or wages and tax withheld Private health insurance Government allowances or payments Let us do the heavy lifting wait until mid-August to lodge and youll find most of this info already pre-filled in your tax return The result? Less time spent on lodging, and mistakes and delays avoided. Read more about pre-filling at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

11.01.2022 Own a rental property? Check out our video on the difference between ‘repairs’ and ‘improvements’ for tax purposes. A refresher on the facts will help you nail ...your deductions! Remember: Repairs or maintenance to restore something broken, damaged or deteriorating can be claimed immediately, but general improvements or renovations must be claimed over a number of years. Find out more at www.ato.gov.au//Residential-renta/Rental-expenses-to-claim

10.01.2022 Businesses: Provide road freight, IT, security, investigation or surveillance services and pay contractors to carry out this work? From 1 July 2019, you need to... record and report payments you make to contractors for these services. Find out what this means for you at www.ato.gov.au//Reports-and/Taxable-payments-annual-report

10.01.2022 Small business owners! Picture this: Youre finally moving out of your cramped home office into a brand new location across town. Amidst all the paperwork, you ...see ABN? scribbled on a Post-It note from your new office manager. Do you: (a) shrug, because your ABN is just a number, or (b) update your details because you know other businesses and government agencies use this info too. Watch our video to sort ABN fact from fiction and visit www.abr.gov.au//Updating-or-cance/Update-your-ABN-details/

10.01.2022 Lodged your tax return only to realise you made a mistake or left something out? Luckily, theres an easy fix Request an amendment with our online services vi...a myGov. Note our top three tips to help you get it right: 1. No matter how you lodged via myTax or on paper you can quickly and easily amend online. 2. Wait until weve finished processing your original return before you request an amendment. 3. Try to avoid amending multiple times in a short period as this could cause a delay. For faster processing, make all corrections in one go. Find out more at www.ato.gov.au//L/Tracking-your-refund-or-fixing-a-mistake

09.01.2022 Employers: Will you be ready to start reporting through Single Touch Payroll before 30 September? If you think you might need more time, see if youre eligible for a deferral at www.ato.gov.au//Get-ready-f/Single-Touch-Payroll-deferrals

08.01.2022 This year you might receive an income statement instead of a payment summary from your employer. So what does that mean for you this tax time? Check out our v...ideo for handy info about the changes and how they might affect you. If you use a tax agent to lodge your return, you wont need to do anything theyll have access to your income statement info through their systems! Read further details, including instructions on how to access your statement at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

08.01.2022 If everyone could help our small business plus all the other small businesses out there. It only takes a minute.

08.01.2022 Businesses: If youre not sure what you can claim as a business expense, use our handy hints to help get it right: The expense must have been for your busines...s. If the expense is also for private use, you can only claim the portion that relates to your business. You must have records to prove your claims. For more helpful tips on claiming business expenses, visit www.ato.gov.au//Work-out-what-business-expenses-you-can-cl

07.01.2022 Small businesses: Mark Tuesday 20 August from 56pm AEST in your calendar for a webinar on all things business. Youll hear from ACCC Consumer Rights, ASIC Conn...ect, Australian Small Business and Family Enterprise Ombudsman, Fair Work Ombudsman and our Deputy Commissioner Small Business, Deborah Jenkins! The panel will cover: Registrations and business structures Whether someone is an employee or contractor Single Touch Payroll Dispute resolution Registration is essential! Visit www.ato.gov.au/General/Webinars

06.01.2022 Hours of work, pay and everything in between! Weve got an online tool to help you understand the Restaurant Award.

06.01.2022 Tax tip: If youre lodging your own tax return, make life easier and wait until mid-August if you can. More of your info will be pre-filled by then (like wages,... bank interest, health insurance and government payments) meaning theres less work for you to do before you lodge! Get the scoop on pre-filled info at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

06.01.2022 Small business owners: Are you making the most of what you can claim this tax time? Check out this short video for helpful tips so that you get your deductions and concessions right or visit www.ato.gov.au//Small/Concessions/Concessions-at-a-glance/

06.01.2022 Employers: Your next super guarantee quarterly payments are due on 28 July. As this falls on a Sunday, you have until the next business day to get it done. For more info, visit www.ato.gov.au//Paying-super-contributi/When-to-pay-super/

06.01.2022 Changes to the low and middle income tax offset announced in Budget 201920 are now law. The amount of offset you may be entitled to, and the amount of any refu...nd, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. Well automatically take into account any offset youre entitled to in your tax return, even if youve already lodged. You wont need to contact us. Refunds for tax returns already lodged are expected to start issuing towards the end of next week and into the following week, which is in line with the normal processing of refunds for this time of year. Find out more at www.ato.gov.au//Lower-taxes-for-hard-working-Australians-/

05.01.2022 Tax tip: You can link your myGov account to our online services without having to phone us for a linking code. To verify your identity, youll need to answer a ...couple of questions about info from two of the following: a super account statement from the last five years bank account details for an account you had your individual tax refund paid into last year, or one thats earned interest in the last two years a notice of assessment received in the last five years a PAYG payment summary received in the last two years a dividends statement from the last two years, or a Centrelink payment summary from the last two years. Find out more at www.ato.gov.au//Online-servic/Individuals-and-sole-traders

04.01.2022 Educate yourself and your staff on the upcoming changes to gift card laws before 1 November.

04.01.2022 Each tax time, there are always a few tax myths floating around. One of the most common? That everyone can automatically claim work-related expenses up to a cer...tain value. Read on as we set the record straight Myth: Everyone can claim $300 for work-related expenses, including $150 for work clothes or laundry, and 5,000km worth of car expenses. Fact: Not quite true! Theres no automatic entitlement in order to claim a work-related expense, you must have actually spent the money. And while some claims dont require up-front evidence, you must be able to demonstrate the expenses relate to earning your income and how you calculated the claims. If youre not sure what you can claim or how to calculate your deductions, read our info at www.ato.gov.au//Income-and-deduct/Deductions-you-can-claim or chat with a registered tax agent.

03.01.2022 Businesses: Use fuel in heavy vehicles or other machinery? Fuel tax credit rates increase today, 5 August. Check out the latest rates at www.ato.gov.au//Fuel-tax-credits---busine/Rates---business

01.01.2022 SCAM ALERT Weve seen an increase in scam text messages (SMS) offering fake tax refunds. Stay safe by not clicking on any links directing you to log on, eve...n if it seems legit. Make sure you warn your family and friends and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts