Andresen McCarthy Partners in Eltham, Victoria, Australia | Tax preparation service

Andresen McCarthy Partners

Locality: Eltham, Victoria, Australia

Phone: +61 3 9439 4455

Address: 714 Main Road 3095 Eltham, VIC, Australia

Website: http://www.andresen-mccarthy.com.au

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25.01.2022 Some of the team at Andresen McCarthy Partners enjoying our annual Grand Final BBQ lunch at AMCP headquarters. The office will be closed for the Grand Final long weekend, and will reopen from 8.30am Monday 30th September. May the best team win!!!

24.01.2022 Cheers to the closure of another financial year here at Andresen McCarthy Partners. And what a year its been!! With the completion of our office makeover and the promotion of our 6th partner, the firm is going from strength to strength and defining what it means to really Lead the way for all your accounting needs. From all of us here at Andresen McCarthy Partners we would like to wish all of our valued clients, business partners and colleagues a happy and prosperous new financial year to come. Bring on the 2019/20 FY!!

24.01.2022 $10,000 FOR VIC BUSINESS: The Victorian State Government has announced a $10,000 grant for small business that are subject to closure or highly impacted by the Non-Essential Activity Directions. Kris Kernke, Partner at AMCP has put together all you need to know to apply: bit.ly/3cajWK3

23.01.2022 Reminder!!! Single touch payroll becomes compulsory for all employers from 1st of July 2019! How can you prepare? Click on the link below for two checklists to ensure a smooth transition for your business to Single touch Payroll.... https://www.ato.gov.au//Get-ready-for-Single-Touch-Payroll/ See more

23.01.2022 New grants have been released for some sole traders, hospitality businesses and more. Sole Traders A grant of $3,000 will be available to sole traders in the hardest hit sectors, such as retail, accommodation and food services, creative and media, hairdressing, gyms, events, education and training.... We understand that Sole Traders will need to operate from a commercial premises or location as a tenant in order to be eligible. The full list of eligibility criteria is not yet available however will be through Business Victoria which can be found by clicking this the link below https://www.business.vic.gov.au//business-resilience-packa Outdoor Hospitality Support A grant of up to $5,000 will be available to hospitality businesses to help them adapt to outdoor dining. This can include support to purchase things like outdoor furniture, umbrellas, screens or other equipment. We understand that this is restricted to businesses with payroll of less then $3 million. The full list of eligibility criteria is not yet available however will be through Business Victoria which can be found by clicking the link below https://www.business.vic.gov.au//business-resilience-packa Other Government Support A list of other government support can be found at the Business Victoria website. Click below for more information https://www.business.vic.gov.au//business-resilience-packa

22.01.2022 Cheers to the completion of another semester of CPA exams for 2019, and heres to producing the next generation of quality accountants at Andresen McCarthy Partners!

22.01.2022 The COVID-19 Federal Budget Business Breakdown!! The highlights for business in relation to the Governments 17.6b stimulus package: 1. Supporting business investment through increasing the Asset Write off threshold from $30k to $150k. The turnover threshold will be increased as well from $50m to $500m.... 2. Businesses with turnover of less than $50m will be eligible for tax free payments equal to 50% of PAYG Withheld from salaries and wages with a minimum of $2k and maximum of $25k over the next 6 months (starting January). 3. Subsidies for employers of less than 20 people who employ apprentices 4. The Australian Tax Office will provide administrative relief for certain tax obligations for tax payers affect by Corona Virus on a case by case basis. For a full in depth report click on the link below https://www.accountantsdaily.com.au//14130-beefed-up-insta

21.01.2022 UNSECURED LOANS: The government has put in place a scheme allowing banks to quickly and relatively cheaply provide funding to Small and Medium Business. Up to $250k, no repayments for 6 months and unsecured. Denise Sullivan, Partner at AMCP has provide some further information here: bit.ly/2ybPCjm

21.01.2022 Partners Dave and Kris were recently invited by NAB to provide their thoughts and opinions on banking, relationships, technology and how outcomes can be achieved more effectively. This was part of a NAB employee conference and was an Andrew Denton Q&A style session presented in front of 200 people. It was a great opportunity to provide NAB bankers, relationship managers and others, views from the "outside world".

19.01.2022 Today we honour the brave souls who made the ultimate sacrifice to fight for the freedom we have today, both past and present. Lest we forget.

18.01.2022 Single Touch Payroll Exemptions Some employers may be exempt from reporting payments made to employees through STP for the 2018 - 19 financial year. Payments made by employers with 19 or less employees to closely held payees, such as directors and family members, are exempt from STP until 1st July 2020. For more information on STP exemptions please click on the link below.... https://www.ato.gov.au//G/Single-Touch-Payroll-exemptions/

16.01.2022 New grants have been released for employers A grant of $10,000 to $20,000 is available depending on the business annual payroll. To be eligible you must: operate a business located within Victoria; and... participate in the JobKeeper scheme; and employ people and be registered with WorkSafe; and have had an annual payroll of less than $10 million in 2019-20; and be registered for Goods and Services Tax (GST); and hold an Australian Business Number (ABN); and be registered with the responsible Federal or State regulator. An eligible business will receive: $10,000 if its annual payroll is less than $650,000 $15,000 if its annual payroll is between $650,000 and $3 million $20,000 if its payroll is between $3 million and $10 million. A full list of the eligibility criteria for a grant will be published when applications open. You will be able to apply by clicking on the link below https://www.business.vic.gov.au//b/business-support-fund-3

16.01.2022 COMMERCIAL RENT: A mandatory code of conduct has been announced to apply for Small & Medium Enterprise (SME) which provides a mix of rent relief and rent deferral. Kris Kernke, Partner at AMCP has provided a summary here: bit.ly/34tnJzy

16.01.2022 Do you travel for work??? When can you claim travel allowance and expenses? Knowing what you can claim from travel allowances and expenses can be difficult as in some cases, tax deductions from an allowance are to be withheld unless specified otherwise.... Click on the link below to find out more. https://www.andresen-mccarthy.com.au/when-can-you-claim-tra

15.01.2022 Andresen McCarthy Partners would like extend a warm welcome to Matthew Russo! Matt graduated from La Trobe University in 2018 with a Bachelor of Business (accounting). On the weekends youll catch Matt going for a run or watching the latest hit series on Netflix.... Matt is extremely competitive and loves nothing more than destroying his co-workers at table tennis during the lunch breaks. Welcome to the team Matt

15.01.2022 You may be eligible for a $5k grant. Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund - Expansion program. You may be eligible if you:... 1. Operate a business located in metropolitan Melbourne or Mitchell Shire 2. Employ staff 3. Be registered with WorkSafe on 30 June 2020 4. Have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis 5. Be registered for Goods and Services Tax (GST) as at 30 June 2020 6. Hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020 7. Be registered with the responsible Federal or State regulator. 8. Be a participant in the Commonwealth Governments JobKeeper Payment scheme Applications can be made via the following link: https://www.business.vic.gov.au//bus/business-support-fund

12.01.2022 Goals!!! Denise and Matthew from the Andresen McCarthy Partners team running the half marathon in todays Melbourne Marathon Festival! Many months of hard training has paid off smashing some PBs today! Well done guys!

12.01.2022 As yet another year comes to an end we reflect on what a fantastic year its been here at Andresen McCarthy Partners. Seeing not only our clients grow and prosper, as well as our staff is truly what we strive for, and 2019 has not disappointed. We look forward to continuing to lead the way in 2020. We will be taking a short break and be back on Monday 6th January 2020 From all of the team here at Andresen McCarthy Partners we wish all of our valued clients and business partners a very Merry Christmas and a Happy New Year.

11.01.2022 AMCP Quarterly Newsletter We have just released our quarterly newsletter which includes: Managing employee morale How COVID may impact your tax return... What to consider before opening a new business location Critical steps to a successful business partnership How AMCP has adapted to working from home Click here to download a copy! https://www.andresen-mccarthy.com.au//default/files/newsle We continue to remain open working from home and helping businesses through the continued uncertainty of COVID-19. If you have any questions or need some assistance please let us know.

10.01.2022 At Andresen McCarthy Partners we like to keep on the forefront of all the latest tax and accounting changes and updates. Here is a little sneak peak into our monthly Tax Banter training seminars.

10.01.2022 JOBKEEPER ELIGIBILITY: Will your business and employees be eligible for this historic $130b scheme over the next 6 months? It could mean $1,500 per employee per fortnight however a lot of uncertainty exists. Denise Sullivan, Partner at AMCP has provided an initial summary and more will definitely follow: bit.ly/2Vjwjwy

09.01.2022 Have you enrolled in JobKeeper? You may now have become eligible for a $10k grant The Victorian Government has expanded the Business Support Fund which is a $10k grant to businesses affected by COVID-19. The grant was originally just available for businesses directly impacted by Government restrictions and now includes businesses eligible for JobKeeper.... You may be eligible if you: 1. Registered for JobKeeper 2. Employ staff 3. Have turnover > $75,000 4. Payroll less then $650,000* 5. Hold an ABN before 16/03/20 6. Operate in VIC before 16/03/20 Applications will open in the next few days and can be found here: https://www.business.vic.gov.au//gra/business-support-fund * Groups entitled to payroll tax relief will not be eligible.

09.01.2022 Happy International Womens Day! Here are some of our lovely ladies invited to a special presentation with domestic violence campaigner and 2015 Australian of the year Rosie Batty. Rosie delivered inspirational advice on how to empower and encourage each other as women, to never stop learning and paying forward the opportunities we have been given. #IWD2020

09.01.2022 CASHFLOW BOOST: Employers may be eligible for $20,000 to $100,000 from the Federal Government based on 100% of their PAYG/W. Denise Sullivan, Partner at AMCP has provided a summary here: bit.ly/3caq4lx

08.01.2022 The JobKeeper 2.0 scheme (ie. Extension 1) will run for the fortnights during 28 September 2020 and 3 January 2021. It is extremely important for businesses to review their eligibility and their staff eligibility before continuing in the scheme. In most cases, eligible businesses will need to show that their business GST turnover is actually 30% down (not projected) when comparing the September 2020 quarter to the September 2019 quarter. This needs to be done on the same ba...sis that you report for GST. There is some alternate tests available if these periods aren't appropriate. It is important to double check that you have notified all eligible employees as the key date for assessing employee eligibility is now 1 July 2020 instead of 1 March 2020 as it originally was. The scheme now uses two payment tiers, - Tier 1, $1,200 which will reduce to $1,000 for Extension 2, and - Tier 2, $750 which will reduce to $650 for Extension 2. An assessment of all eligible employees needs to be done where Tier 1 will apply to those who worked for 80 hours or more in the four weeks before either 1 March 2020 or 1 July 2020 and Tier 2 will apply for the remaining eligible employees. If you need any assistance or have any questions, we are here to help. Click on the link below to get in touch https://www.andresen-mccarthy.com.au/

08.01.2022 We are here to help! As with every business, we are monitoring the current COVID-19 situation, following health advice and hygiene procedures and doing whatever we can to ensure our staff, clients and the community stay safe. Our office is still currently open and available for you, either by phone, email or zoom to assist you in any way during this turbulent time. Click on the link below to get directly touch with us. https://www.andresen-mccarthy.com.au/our-team

08.01.2022 Andresen McCarthy Partners would like to welcome Adam to the team!!! Adam Graduated from the University of Melbourne with a Bachelor of Commerce, majoring in Accounting and Management When Adams not hard at work he loves nothing more than settling in with a few friends to watch the latest blockbusters.... Welcome Adam!!!!

07.01.2022 COVID-19 - Key Business Facts Assistance for Victorian Small Business There is a $10,000 grant available from the Victorian Government for those businesses most affect by coronavirus. Applications opened 30th March 2020 and close on 1st June 2020. The eligibility for the grant follows:... Employ staff Have been subject to closure or is highly impacted by Non-Essential Activity Directions issued by the Deputy Chief Health Officer to-date. For more information on affected sectors - click here Have a turnover of more than $75,000 Have payroll of less than $650,000 Hold an Australian Business Number (ABN) and have held that ABN at 16 March 2020. For more information click on the link below https://www.business.vic.gov.au//gra/business-support-fund

06.01.2022 ATO Reminder- Single touch payroll deadline! As of Monday 30th September 2019 Single Touch Payroll (STP) becomes mandatory for all small employers with 19 or less employees. Meaning there is only 1 week left to make the switch!... There are a number of options to transition to STP. Click on the link below to find out what will work for you. Or speak to us here at Andresen McCarthy Partners for more information. https://www.ato.gov.au/Business/Single-Touch-Payroll/

06.01.2022 The countdown is on! Only 4 weeks remain until Auskey will be retired to the new online service MyGovID and Relationship Authorisation Manager (RAM!) A secure, simple and flexible way to access government online services. To help make the move click on the link below for a step by step guide on how to set up your MyGovID or contact us here at Andresen McCarthy Partners. https://www.mygovid.gov.au/how-do-i-get-set-up

06.01.2022 COVID 19 - Business Key Facts! Job Keeper wage subsidy available to all businesses significantly affected by Coronavirus The JobKeeper wage subsidy will provide a flat payment of $1,500 per employee per fortnight over the next 6 months to businesses affected by Coronavirus.... Employee eligibility: Full-time and part-time employees and casuals that have been with their employers for at least 12 months are all eligible for this payment Only currently engaged employees (employed at 1st March 2020), including those stood down, qualify for the payment. If employees have been retrenched, they would need to be reinstated to qualify for the benefit. Sole-traders without employees that meet the turnover tests will also be eligible. Business eligibility subject to required turnover decline: Businesses with turnover of up to $1 billion Business revenue must have drop by 30% The turnover decline will require that turnover of a current period be compared with a comparable period of a year earlier (of at least one month duration). Applies to employees registered with their employer from 1 March 2020. The first payment will be made via the ATO from 1 May and will be backdated to 30th March 2020. Businesses can register their interest online now by clicking on the link below: https://www.ato.gov.au/general/gen/JobKeeper-payment/?mkt_

05.01.2022 Andresen McCarthy Partners would like to welcome Keith to the team!!! Keith has joined the team with over a decade of experience specialising in superannuation, he is our resident "SuperMan" On the weekends youll catch Keith hanging out with his 2 young boys, trying to be responsible but most of the time getting into just as much trouble as they do.... Welcome to the team Keith!!

05.01.2022 Its official !!!! The Christmas Season is here and the Elves have been hard at work transforming the AMCP headquarters into a Winter Wonderland and they couldnt wait to show it off!!!!

05.01.2022 The budget has now passed through Parliament. Over the next few days we will share what we believe are the most significant changes for our clients and how they will impact you Tax free status for Vic Government grants... The government has clarified that Vic Government grants announced after 13 September 2020 are tax free. This may result in top-up tax for a shareholder when the funds are paid from a Company. A copy of all budget measures can be found at https://budget.gov.au/ If you need any assistance or have any questions, we are here to help. https://www.andresen-mccarthy.com.au/

04.01.2022 Original JobKeeper Updated, VIC Government Grant and HR Advice A few important changes have occurred in the past few days as a result of Stage 4 restrictions. The key points you need to know are: The original JobKeeper scheme has been updated to include employees from 1 July 2020 (not 1 March 2020) for the JobKeeper fortnights starting 3 August 2020. It is really important to act quickly as you may have some new staff or some casual employees who are now eligible.... Stage 4 restrictions are now having a large impact on business. We remind all businesses that you can still enroll in the original JobKeeper scheme if you believe you will satisfy the relevant drop in turnover (generally 30%). Please speak to one of our staff immediately if you need further information. The Victorian government has released a $10k grant for businesses under Stage 4 restrictions and $5k for those under Stage 3. This grant is contingent on a few more things then the last grant, including that you must have employees and must be registered for JobKeeper. Our partners at HR Advice Online have provided an update in relation to managing COVID-19 from an employer perspective. The information is general in nature, should you wish to provide specific advice please contact them directly via email or on 1300 720 004. COVID Stage 4 Advice for Employers https://bit.ly/3ktlns4 COVID FAQ for Employers -https://bit.ly/2PCF6au From all of us at AMCP, we hope you and your family stay safe.

03.01.2022 FITNESS BUSINESSES: There is a lot you can be doing right now to hibernate your business, keep clients engaged and be ready for opportunity on the other side. Kris Kernke, Partner at AMCP has provided a list of the things you need to be thinking about and how we are helping clients, here: bit.ly/2K26k7H

01.01.2022 A very big congratulation to our partner Michael Gigliotti who received one of the years top awards for the region at the Business networking organisation, BNI. His nice guy appeal and can do attitude saw him win the award from over 300 candidates. Well done Michael!!!