Balance Accountants & Advisers in Cowra, New South Wales, Australia | Accountant

Balance Accountants & Advisers

Locality: Cowra, New South Wales, Australia

Phone: +61 2 6342 3524

Address: 18 Redfern Street 2794 Cowra, NSW, Australia

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

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• Tax preparation service
• Accountant
• Financial service
• Financial planner

24.01.2022 Information for Employers

22.01.2022 Balance Accountants & Advisers are available to enrol and process lodgements for our clients and if required to process STP. There will be a fee attached to this service. Please contact us if you would like our help.

22.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Cash flow assistance for businesses

21.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Providing support for retirees

21.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Temporary relief for financially distressed businesses

20.01.2022 JOBSEEKER - Frequently asked questions

20.01.2022 The Second Government Stimulus Package - The Government yesterday released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. The stimulus measures are not yet legislated. Parliament will reconvene on Monday 23 March. - Eligible not-for-profits and small businesses will ...receive a tax-free, cash payment of between $20,000 and $100,000 - Temporarily doubling the Jobseeker Payment, previously called Newstart. - Allowing people to access $10,000 from their superannuation in 2019-20 and 2020-21 - Guaranteeing unsecured small business loans up to $250,000 - A further $750 payment on top of the first one for those on income support who are not eligible for the coronavirus payment - Reducing deeming rates by a further 0.25 per cent - Solvency safety net temporary 6 month increase to the threshold at which creditors can issue a statutory demand on a company from $2,000 to $20,000, and an increase in the time companies have to respond from 21 days to 6 months. We will update our Facebook page as more information comes to hand.

19.01.2022 Let’s make this really simple:- PAYG Summary Group Certificate Income Statement... Those are all basically the same thing. They’re just words at the top of a document with your annual income and tax paid by your employer to the ATO. Previously, you needed this to do your tax return but not anymore. We can obtain all this information online for you. Phone & speak to our staff about an appointment or just drop in your envelope which we sent out earlier in the year

19.01.2022 https://www.smallbusiness.nsw.gov.au//covid-19-coronavirus

18.01.2022 Welcome to the team Zane Southwell

18.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Payments to support households

18.01.2022 We welcome our new member to the Cowra team, Zane Southwell. Zane brings with him a wealth of knowledge and experience from his time within the local banking sector. Zane holds a Bachelor of Commerce majoring in Economics and a Diploma in Mortgage and Finance Broker Management. We are excited to see our team grow and look forward to providing our clients with all their accounting and finance needs.

15.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Early access to superannuation

15.01.2022 Tax Time 2020!! IMPORTANT INFORMATION This year we are trialing a new system to alleviate the need for our clients to make in office appointments to complete their 2020 tax return. While our office doors remain open, in respect of the COVID-19 pandemic we are encouraging social distancing and trying to limit client contact where possible. Many of our individual clients should have received their tax envelope via post over the last week. If you haven't received an envelope please call the office and we can arrange one to be posted or call in to collect from reception. Any queries, please contact our office on 6342 3524.

14.01.2022 Unsure of your obligations as an employer for Coronavirus or need information on the Stimulus package from the Federal Government - click here to get all the information.

14.01.2022 Coronavirus support package will see businesses get cash payments and tax relief to get them spending Businesses will get up to $25,000 and instant tax relief, while welfare recipients will be eligible for one-off cash payments as part of the Government's widely anticipated multi-billion-dollar coronavirus stimulus package. The support package will be worth more than $15 billion, spread over this financial year and next.... The Prime Minister Scott Morrison and Treasurer Josh Frydenberg will unveil the details of their entire stimulus plan today, to try to stop the economy sliding into recession. Some changes will start immediately, with businesses able to access an expanded instant asset write-off from today, to try to get them spending and money flowing as soon as possible. At the moment, small businesses with an annual turnover of less than $50 million can claim tax deductions of up to $30,000 for things like vehicles, tools and office equipment. But the increase will now apply to much bigger businesses with a turnover of up to $500 million and for much bigger items worth up to $150,000. We will bring you further details as they are revealed.

13.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Income Support for individuals

13.01.2022 Looking to claim deductions this tax time? If youre unsure about claiming work-related expenses, remember the three golden rules: you must have spent the mon...ey yourself and not been reimbursed it must be directly related to earning your income you must have a record to prove it From travel and clothing to self-education and home office expenses, find more information at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

13.01.2022 We know many businesses have been impacted by COVID-19, and were here to help. The new JobKeeper payment is now available for eligible employers to help them p...ay their employees. If youre an employer looking to apply for the JobKeeper payment, theres no need to call us - check out the steps you need to take to get ready to receive the JobKeeper payment for your employees at www.ato.gov.au/general/gen/JobKeeper-payment/

12.01.2022 ROUND 3 - DROUGHT TRANSPORT SUBSIDY Invoices for funding under Round 3 of the Drought Transport Subsidy (DTS) program must be submitted to the RAA by Sunday, 31 January 2021. Under Round 3, eligible producers are entitled to a cap of up to $25,000 up to 31 December 2020. Round 3 of the DTS program includes movements of fodder, water, livestock, farm chemicals, fertiliser and has been expanded to include transport of purchased stock to a farm business, up to 31 December 2020. ...Under Round 3, eligible producers are entitled to a cap of up to $25,000 up to 31 December 2020, in accordance with the program guidelines here. To date, more than $258 million in drought transport subsidies and donated fodder subsidies have been paid to approximately 13,000 primary producers across NSW. For more information about drought assistance or to submit invoices, please contact the NSW Rural Assistance Authority, either by calling 1800 678 593 or online at www.raa.nsw.gov.au.

11.01.2022 The #JobKeeper Payment has passed through parliament and enrolment dates have been set for employers and employees. The JobKeeper payment is open to eligible employers to enable them to pay their eligible employees salary or wages of at least $1,500 (before tax) per fortnight. Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee. Employers will need to pay eligible employees a minimum of $1,500 (before tax) per fortnight to... claim the JobKeeper payment. This will be paid to the employer in arrears each month by the ATO. The first payments to eligible employers will commence in the first week of May 2020. JobKeeper payments can be made for the period beginning 30 March 2020. If employers do not continue to pay their employees for each pay period, they will cease to qualify for the JobKeeper payment. To be eligible for the JobKeeper payment, employers and their employees must meet a range of criteria. Balance Accountants & Advisers are available to enrol and process lodgements for our clients and if required to process STP. There will be a fee attached to this service. Please contact us if you would like our help.

11.01.2022 JobKeeper News - Guidelines are Changing Deadline is strictly 31 October 2020 You have until this date to assess your eligibility for the JobKeeper Ex...tension and lodge with the ATO You need to have your September 2020 Quarter Business Activity Statements completed and lodged to the ATO before you can start ticking of the Criteria of Eligibility for JobKeeper Extension One If you do not lodge a BAS, and you think you will be eligible, please call our Office on 6342 3524 and we can discuss this in more detail and assess whether you are eligible Don’t miss out - do it TODAY!!

10.01.2022 ECONOMIC RESPONSE TO THE CORONA VIRUS Delivering support for business investment

10.01.2022 We know many businesses have been impacted by COVID-19, and we’re here to help. The new JobKeeper payment is now available for eligible employers to help them p...ay their employees. If you’re an employer looking to apply for the JobKeeper payment, there’s no need to call us - check out the steps you need to take to get ready to receive the JobKeeper payment for your employees at www.ato.gov.au/general/gen/JobKeeper-payment/

09.01.2022 FOR OUR CLIENTS Important changes to Jobkeeper From 28 September 2020, the JobKeeper extension starts and the payment rates change for eligible employees. ... Under the job keeper extension for the extension 1 (28 September 2020 to 3 January 2021) the new job keeper payment rates are either $1,200 or $750 depending on which tier employees fall into. You have until the 31 October 2020 to assess your eligibility for the job keeper extension, assess which payment tier employees fall into, and back pay any eligible employees. It is strongly recommended you do not pay a job keeper top up to your employees until your eligibility for the extension has been assessed. For clients already on job keeper with us we will automatically assess your eligibility for the job keeper extension and contact you in due course. If you require help determining your eligibility and which tier employees fall into please contact us.

09.01.2022 Lets make this really simple:- PAYG Summary Group Certificate Income Statement... Those are all basically the same thing. Theyre just words at the top of a document with your annual income and tax paid by your employer to the ATO. Previously, you needed this to do your tax return but not anymore. We can obtain all this information online for you. Phone & speak to our staff about an appointment or just drop in your envelope which we sent out earlier in the year

08.01.2022 Keep an eye on your myGov inbox this tax time! Most people will be accessing their income statement (previously called a payment summary) through our online... services in myGov. If your myGov account is linked to our online services, well let you know once your employer has made your income statement tax ready - then, it can be used to do your tax return. Remember, many employers have until 31 July to do this. Lodge through an agent? No problem. Get in touch with them as usual theyll have access to this info too. Find more info at www.ato.gov.au//Working-as/Accessing-your-payment-summary/

08.01.2022 Coronavirus: $130b job keeper govt program to subsidise wages to keep people in work This has just been announced by the government. We are working hard to obtain the necessary information for our clients. Parliament will need to be recalled to pass the legislation for the package and once this is done we have more more information for you.

08.01.2022 We welcome Lachlan to our Firm in the Grenfell Balance Office. Lachlan is a Chartered Accountant and brings with him a wealth of knowledge and experience. Lachlan is enthusiastic and ready to help you with all your Accounting needs

07.01.2022 Small Business Support Grant The NSW COVID-19 Small Business Support Grant of $10,000 will be available to eligible NSW small business owners. The application form will be available on the Service NSW website by 17 April.... To be eligible, businesses will need to: have between 1-19 employees and a turnover of more than $75,000 a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000 have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020 be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020 use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice provide appropriate documentation upon application. Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include: Retail trade Accommodation and food service Rental, hiring and real estate services Administrative and support services Arts and recreation services.

07.01.2022 IMPORTANT UPDATE! Due to the ever increasing COVID-19 health crisis, Balance Accountants have made the decision to close our office doors. This is based on advice from our federal and state governments to ensure the safety of both our clients and our team. For the foreseeable future, all correspondence will be sent via email only. Documents can be signed through Adobe Sign and Fill, this is an app you can download onto your smart devices. We have a locked box situated at the... front door of our offices, please drop off documents in this box provided. However, mail will be collected each day, if you would like to send us documents via post please post to PO BOX 727 COWRA NSW 2794. We can still be contacted via the office phone; however, email is our preferred method of communication at this time. Our partners can be contacted via the follow email addresses: [email protected] [email protected] [email protected] For general enquires: [email protected] Please be aware that we are currently inundated with queries, concerns and questions. We request that clients be patient with us, we are working around the clock trying to return your emails and phone calls. The government has released a further $66 billion dollar stimulus package. We will do a separate Facebook post as more information comes to hand. We thank you for your cooperation and understanding at this difficult and challenging time. We will keep our Facebook page updated regularly, please keep checking in to keep up to date on the most recent developments. The team at Balance Accountants and Advisers See more

07.01.2022 If your financial situation has been impacted as a result of COVID-19, you may be able to access some of your super early. You dont need to call us. You can r...egister your interest now via myGov and well be in contact once applications open on 20 April. Check if youre eligible to access your super early and find more info at https://www.ato.gov.au//withdra/Early-access-to-your-super

06.01.2022 Updated Fact Sheet for Employers

06.01.2022 Balance Accountants would like to congratulate Tanya & Ryan on the birth of their beautiful baby boy Blake. Tanya will be on Mothering duties for the next 4 mon...ths. For any of Tanya's clients needing assistance during this time, please call our office to be put in touch with one of our accountants. We wish her all the best and look forward to her return in 2021. See more

04.01.2022 If your business is looking to take advantage of the new JobKeeper payment announced by the government, register for updates online at www.ato.gov.au/general/gen/JobKeeper-payment

04.01.2022 Looking to claim deductions this tax time? If you’re unsure about claiming work-related expenses, remember the three golden rules: you must have spent the mon...ey yourself and not been reimbursed it must be directly related to earning your income you must have a record to prove it From travel and clothing to self-education and home office expenses, find more information at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

04.01.2022 NEW WORKING FROM HOME SHORTCUT The Australian Taxation Office (ATO) is announcing special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working from home. The new arrangement will allow people to claim a rate of 80 cents per hour for all their running expenses, rather than needing to calculate costs for specific running expenses....Continue reading

03.01.2022 Team Balance were fortunate to take out the Employer of Choice Award at the Business Chamber Awards night Saturday evening. We are a proud team and it's wonderful to be recognised by the chamber and the community. Thanks to Cowra Shire Council for sponsoring the award.

02.01.2022 IMPORTANT MESSAGE Due to the rapid spread of the COVID-19 virus, Balance Accountants and Advisers have taken measures advised to us to reduce the risk of infection to our clients and staff. We are encouraging all our clients to contact us via electronic means of communication; email is preferred.... Client meetings in our offices will be restricted for the foreseeable future. Documents that cannot be emailed through can be dropped into the office. We have set up a temporary drop off station at our front reception. Please be assured these documents will be collected, safely disinfected and will remain confidential. We are discouraging in office payments via cash handling, cheques and EFT transactions. Please where possible, utilise our online methods of payments or call the office to pay over the phone. We understand that these are unprecedented times and the course of action we have decided upon may be an inconvenience, but the health and safety of our clients and staff is our first priority. We thank all our clients for your understanding, patience and co-operation at this time. The Team at Balance Accountants and Advisers

01.01.2022 Grant relief for small businesses The NSW Government will today announce $10,000 grants for small businesses including cafes, restaurants and gyms in NSW affected by restrictions during the coronavirus crisis. To be eligible, a business must employ up to 19 people and turn over more than $75,000 a year.... The grants were similar to the ones provided to small businesses in areas devastated by the recent bushfires, which attracted some criticism for the criteria and speed. "We will make the application process easy to ensure small businesses can receive some cash-flow as soon as possible to meet pressing needs," Premier Gladys Berejiklian said. We will have further information on this as it comes to hand.