Armat Associates in Collingwood Park | Tax preparation service

Armat Associates

Locality: Collingwood Park

Phone: +61 419 822 051

Address: Beazley Court 4301 Collingwood Park, QLD, Australia

Website: http://www.armatassociates.com/

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• Tax preparation service
• Financial service
• Office supplies

25.01.2022 Yes the ATO wants your profits from Crypto Currency too!!

25.01.2022 Does your business rely on suppliers? If you answered yes, it’s important to know who you’re dealing with. By using ABN Lookup you can check everything from you...r suppliers ABN status and location, to whether they are registered for GST. So what are you waiting for? Join 1.5 billion others and start your search today at www.abr.business.gov.au/

24.01.2022 Are you receiving income from your rental property? We’ve put together a list of our top tips to get you through tax time, including: 1. make sure you incl...ude all the income you receive - we now get data from property managers and sharing platforms to make sure we have the whole picture 2. be sure to work out if you’re making a capital gain or capital loss when you choose to sell 3. remember not to claim deductions for periods when you used the property yourself. Find out more about the data we collect at www.ato.gov.au/General/Gen/Data-matching-protocols/

24.01.2022 Our priority during COVID-19 has been to provide help and support to those who need it most. If you have claimed any of the COVID-19 stimulus measures and made ...genuine mistakes, well help you resolve them But, those that cheat the system are firmly on our radar Read how our COVID-19 approach to compliance keeps the system fair www.ato.gov.au/Gener/COVID-19/COVID-19-compliance-measures/

24.01.2022 Businesses: Do you pay contractors? You may need to lodge a taxable payments annual report (TPAR) by 28 August if your business provides and pays contractors fo...r these services: building and construction cleaning courier, delivery or road freight information technology security, investigation or surveillance Lodging online is simple and secure. Watch our video or visit www.ato.gov.au//Taxable-payments-ann/Resources-to-help-you See more

24.01.2022 Running your own small business? If you received government grants or payments last financial year, you may need to include these as assessable income when you ...lodge your tax return. Assessable government payments include: JobKeeper payments Supporting Apprentices and Trainees wage subsidy Fuel tax credits Wine equalisation tax producer rebate Check out our small business tax time essentials to learn more - visit www.ato.gov.au/SBsupport See more

23.01.2022 Gearing up to lodge? Make sure your income statement is marked as tax ready before lodging. Most employers have until 31 July to finalise your income statemen...t, but well let you know when its ready through your myGov inbox. If you do lodge before your income statement is tax ready, you may need to amend your tax return and, in some cases, additional tax may be payable. You can lodge your tax return using myTax via myGov on any device, or using a registered tax agent. For more info, visit www.ato.gov.au//Working-as/Accessing-your-payment-summary/

23.01.2022 Employers: Weve extended due dates for JobKeeper payment enrolments to help you finalise your preparations. If you need some extra time, youll now have until:... 8 May to make sure your eligible employees have been paid a minimum of $1,500 (before tax) for each JobKeeper fortnight in April and 31 May to enrol for April payments for your employees. Youll also need to meet certain criteria to be eligible for JobKeeper payments - for more info, visit www.ato.gov.au/general/JobKeeper-Payment

22.01.2022 Employers: The JobKeeper Payment is changing, so more employees can qualify. There are changes to: 1. the eligibility criteria 2. a payment extension to 31 Aug...ust, and 3. employers can nominate different employees if their employment has changed. For more details on the changes, see https://www.ato.gov.au//JobKeeper-Payment/Employers/Your-/

21.01.2022 Businesses: Do you have new employees who will now be eligible for the JobKeeper Payment? You now have until 31 August to pay your new employees for the fortni...ghts commencing on 3 and 17 August 2020. For more details on the changes, see https://www.ato.gov.au//JobKeeper-Payment/Employers/Your-/

21.01.2022 Compare the pair Overheard at work: ‘Because the boss makes us buy and wear the clothes we sell, we can claim them as a deduction.’ Our advice: You can’t cla...im the cost of purchasing conventional clothing, even if you are required to wear it at work. Don’t rely on word of mouth. It’s best to hear direct from a trusted source us or a registered tax professional! Find out more at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

21.01.2022 Opening your myTax return to find your salary and wages already prefilled is a wonderful thing But some info on your income like dividends, bank interest an...d trust distributions might not be included in your return by the time you’re ready to lodge. Take an extra few minutes to check everything’s ready to go now to save lodging an amendment later. Get the lowdown on the income you must declare see www.ato.gov.au//Income-and-deduct/Income-you-must-declare/

21.01.2022 Employers: If you received initial cash flow boosts, youll automatically receive additional cash flow boosts when you lodge activity statements from June to Se...ptember 2020. Youll notice some differences in the boost amount you receive in June. For more information, visit www.ato.gov.au//Business-activity-statements-(BAS)/In-deta

21.01.2022 Employers: Single Touch Payroll deadlines are just around the corner! Youll need to finalise and report to us by: 14 July, if youve got 20 or more employ...ees 31 July if you have fewer than 20 employees. Theres still time left on the clock, but if your datas ready to go now, why not avoid a last-minute rush? Find out more at www.ato.gov.au//Star/End-of-year-finalisation-through-STP/

20.01.2022 Ever wondered what expenses you can claim as a work-related deduction at tax time? Mobile phone Hand sanitiser Seminar or work-related course... Sunglasses Union fees Remember, you can’t claim a deduction for personal expenses or where you have been reimbursed. To find out more, visit www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

19.01.2022 How often do you donate your spare change compared to your neighbour? On average, Western Australian’s donated more to charity than any other state during th...e 2018-19 financial year. To see how much the average donation was in your state, as well as a range of other tax stats, head to www.ato.gov.au//Taxation-stat/Taxation-statistics-2018-19/

19.01.2022 Need to apply for a Tax File Number (TFN) but not sure of the cost? If you’re an Australian resident, you can apply for free online with Australia Post. Simply... complete our application form and book an interview at a participating outlet within 30 days. Not an Australian resident? You may still be able to apply! For more info and to find out what you need to do next, head to www.ato.gov.au//ap/australian-residents---tfn-application/

19.01.2022 Pound, Yen, Peso, Euro.. Are you an Australian resident for tax purposes who received income from overseas last financial year? Whether you were paid in... cash or earned interest from an overseas bank account, remember to include any foreign income in your tax return. For more info about what income you need to declare in your tax return, visit www.ato.gov.au//inc/income-you-must-declare/foreign-income

19.01.2022 If youve been financially affected as a result of COVID-19, you now have more time to access some of your super. Applications for COVID-19 early release of sup...er have now been extended to 31 December 2020. Remember You can still only apply once in this financial year. Check if youre eligible at www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/

18.01.2022 Claiming your work-related expenses is easier than ever with our occupation and industry guides! Our range of tailored guides can help you get yo...ur deductions right whether you work in an office, herd cattle on a farm or drive trucks to make a buck. Check them out at www.ato.gov.au//In/Occupation-and-industry-specific-guides See more

18.01.2022 There are a lot of perks to working from home! Short commute from your bed to your desk Binging your latest tv show during your lunch break Claiming the 80... cent per work hour shortcut method You can choose to use the shortcut method for the full financial year this tax time when calculating your working from home expenses! The shortcut method is all-inclusive and has minimal record keeping requirements. All you need is a record of the hours you worked from home - a timesheet, roster, diary or any other document that shows the hours you worked. To find out more speak to your registered tax agent, or visit www.ato.gov.au//deductions-you-can-c/home-office-expenses/

18.01.2022 Employers: If you’re eligible, you’ll receive your final instalment of cash flow boost credits when you lodge your September activity statement. Use our Cash f...low boost estimator to help calculate and plan for the credits you may receive. For more information visit: www.ato.gov.au//In-deta/Boosting-cash-flow-for-employers/

18.01.2022 Is your business in a position to purchase new or second-hand assets? You may be eligible to use the expanded instant asset write-off this tax time. You must h...ave your asset in use by 30 June 2020. If youre looking to purchase a car, some limits may apply. Interested? Find out more at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

17.01.2022 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/

17.01.2022 Have you enrolled for the JobKeeper payment? If so, its time to complete Step 2 and identify your eligible employees or business participants. You only need t...o do this step once using our online services. Your registered tax professional can also do it on your behalf. Check out our step-by-step guides at www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/ or call 132 866

17.01.2022 We understand there are people in Victoria doing it tough right now. If you’re having difficulty meeting your tax obligations, we have a range of support options available. Visit www.ato.gov.au/general/dealing-with-disasters/ to find more information on how we can help you.

17.01.2022 We know theres a lot of interest from people looking to apply to access their super early or enrol for JobKeeper payments today. Were currently experiencing h...igh volumes of calls in our contact centres, and were doing our best to help as many of you as possible. If youre having trouble getting through please be patient and try again later in the day, our contact centres are open until 10pm. If youve got questions on early release of super or JobKeeper see www.ato.gov.au/General/COVID-19/ Thank you for your patience and understanding.

16.01.2022 End of Financial Year is coming!! Now is the time to put extra away into Superannuation. Buy any office supplies - extra ink, paper, etc Update your car. Update your phone... Update your laptop. 30th June will be here in the blink of an eye!!

15.01.2022 With 30 June fast approaching, you might be starting to think about which expenses your small business can claim as deductions Our tax time toolkit for small... business is a handy directory with guides for: home-based business expenses motor vehicle expenses travel expenses pausing or closing your business due to COVID-19. Find out more at www.ato.gov.au/Tax-pro//Tax-Time-Toolkit---Small-business/

15.01.2022 Small employers: Have you finalised your STP records? If you have 19 or fewer employees, the deadline for making a finalisation declaration through your Single ...Touch Payroll solution is 31 July. Its easy to do and ensures your employees can lodge their tax returns accurately and on time. Find out more at www.ato.gov.au//Star/End-of-year-finalisation-through-STP/ See more

15.01.2022 The JobKeeper Payment has been extended! Changes include: an extension until 28 March 2021 a new turnover tests for eligible businesses... two rates for eligible employees based on average hours worked. If youre already getting JobKeeper or are eligible now with these changes, find out what you need to do in preparation for 28 September. For more info, visit www.ato.gov.au//JobKeepe/JobKeeper-extension-announcement/

15.01.2022 Over the last few months you mightve been getting used to doing more online groceries, meetings, fitness tax? Get ready for tax time by linking your myGov a...ccount to our online services. Just log into your myGov account, link to us and answer a couple of questions to confirm your identity, with your: Bank account details Centrelink payment summary from the past two years Income statement Super account statement from the last five years Notice of assessment received in the last five years Dividends statement from the last two years. Find out more at www.ato.gov.au//Online-servic/Individuals-and-sole-traders

15.01.2022 Tired of tracking down stray receipts when tax time rolls around? Save yourself some extra work at tax time! Use our myDeductions tool in the ATO app to sna...p photos of your work-related expense records and upload your info straight into your tax return. You can also keep your vehicle logbook and other records in the one place! Investigate it for yourself - download the app at www.ato.gov.au/General/Online-services/ATO-app/myDeductions

14.01.2022 If you purchased a rental property after 1 July 2017, your deductions could look a little bit different this tax time. If you decided to go with a second-hand ...option when you replaced the blinds and dishwasher, you may no longer be able to claim a deduction. Instead, these items will be taken into consideration when you sell the property down the track. For more information on how this could apply to you, go to www.ato.gov.au//Resident/Rental-expenses-you-can-t-claim/ See more

13.01.2022 Did you receive a government stimulus payment last financial year? If you received JobKeeper, Jobseeker or the new COVID-19 Disaster Payment, it needs to be in...cluded in your tax return this year. While some of your payments will be automatically included by late July, remember to make sure you double check all your income is included and correct before lodging. For more info on income you need to report, visit www.ato.gov.au/Individua/Your-tax-return//Tax-essentials/

13.01.2022 SCAM ALERT Be on the lookout for a new phone scam claiming your tax file number (TFN) has been suspended! Recorded phone calls claiming to be from the ATO a...nd other government agencies are trying to trick people into providing personal information. These scammers will tell you theres a legal case against you, and if you dont follow instructions and provide the information requested, youll be arrested. Dont follow the prompts, and dont provide the information requested. We will never send unsolicited pre-recorded messages to your phone, or threaten you with immediate arrest. If youre ever unsure whether an ATO interaction is genuine, hang up and phone our scam hotline on 1800 008 540. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

12.01.2022 Are you a sole trader? If youve had time off work due to sickness, injury, or leave, you can use your GST turnover for the first full month back at work to che...ck if you meet the fall in turnover test for the JobKeeper payment. For more information, visit www.ato.gov.au//Job/In-detail/Applying-the-turnover-test/

11.01.2022 Employers: Have you experienced a decline in turnover and not enrolled for the JobKeeper Payment? The good news is you might now be eligible and you can still ...enrol. All you need to do is: 1. Enrol in the month you want to start claiming for 2. Identify your eligible employees 3. Make a monthly business declaration Find out more about the JobKeeper payments at https://www.ato.gov.au//JobKeeper---easier-to-understand/

10.01.2022 As of 1st July Superannuation payments to employees goes up from 9.5% to 10%

10.01.2022 Great news weve extended the 80c per work hour shortcut method for claiming working-from-home expenses until 30 September 2020! With everything going on... right now, 12 months may seem a world away but, its important to keep good records now to make life easier when you lodge your tax return next year. For more info on claiming working-from-home expenses, visit www.ato.gov.au//deductions-you-can-c/home-office-expenses/

10.01.2022 Employers: Have you made payments to employees that havent been reported through Single Touch Payroll? Youll need to send a payment summary to each of these e...mployees and let us know by lodging an annual report. This tax time, youll need to order any paper forms using our online ordering service at https://iorder.com.au/publication/main.aspx You can find more information on which forms to complete and how to order them at www.ato.gov.au/business/payg-withholding/annual-reporting/

10.01.2022 Healthcare workers have been Australias heroes during COVID-19 If youre a doctor, specialist, nurse, midwife, paramedic or carer, weve developed info t...o help you understand what you can claim at tax time. Check-up on our health industry work-related expenses guide at www.ato.gov.au//I/Occupation-and-industry-specific-guides/

10.01.2022 Calling all call centre operators You spend your day helping others, but what about your own tax questions? Whether you purchased new equipment for work or tr...avelled to your second job, our tailored guide can answer all of your deduction questions without the need for another phone call Learn what you can claim this tax time at www.ato.gov.au//I/Occupation-and-industry-specific-guides/ See more

09.01.2022 Small businesses: You may be able to reduce your tax by up to $1,000 with the small business income tax offset. You may also be eligible for the low and middle... income earner tax offset, which is for individuals and can be up to $1,080. You dont have to do anything for these offsets to apply just lodge your tax return and well work it out for you To find out more about concessions that apply to your small business, visit www.ato.gov.au//Small-/Concessions/Concessions-at-a-glance

09.01.2022 Businesses: Do you provide employees with a car for private use? Fuel your knowledge on car fringe benefits by registering for one of our 1-hour virtual introd...uctory sessions. During the session, well explain the different ways you can calculate the taxable value of benefits walk you through record-keeping obligations help you determine the best options for your business. Secure your spot at ato.webex.com/ato/onstage/g.php

08.01.2022 This is Direct from ATO site. 8 June 2021 On 1 July 2021, the super guarantee (SG) rate will rise from 9.5% to 10%.... If your small business has employees, you'll need to ensure your payroll and accounting systems are updated to incorporate the increase to the super rate. For salary and wage payments made on or after 1 July 2021, the new superannuation guarantee contribution rate of 10% will apply. Super guarantee contributions for the quarter ending 30 June 2021 should be calculated at the old rate of 9.5%. If you require help to work out how much super you need to pay your employees after 1 July, you can use our SG contributions calculator. It’s important you pay your workers the correct amount of super. Our SG eligibility decision tool will help you determine if your employees are eligible for super, including any contractors treated as employees for super purposes. The super rate is scheduled to progressively increase to 12% by July 2025. The scheduled rate increases and dates are on our website.

08.01.2022 Businesses: The increased instant asset write-off has been extended to 31 December 2020! This means that eligible businesses can continue to invest in assets that cost less than $150,000 each Check out what you can claim at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

04.01.2022 Do you know the difference between myGov and myGovID? While they sound similar, theyre not the same. myGov is a secure way for individuals and sole traders ...to access our online services. If youre a sole trader, you can apply for JobKeeper using myGov. myGovID is a smart device app you can use to prove your identity when accessing our online services like the Business Portal. Businesses and not-for-profits can apply for JobKeeper using the Business Portal. If you need help setting up myGovID, find answers to our top myGovID questions at www.mygovid.gov.au/need-help

04.01.2022 If you’ve needed to travel for your small business (to make deliveries to your clients, for example), you may be able to claim some of these costs in your tax r...eturn! Common motor vehicle expenses small businesses can claim include: fuel repairs lease payments insurance registration depreciation. You may be able to use the cents per kilometre method, the logbook method, or you may be able to only claim the actual costs based on receipts. Check out our fact sheet on motor vehicle expenses at www.ato.gov.au//Ded/Deductions-for-motor-vehicle-expenses/

03.01.2022 Employers: Like many aspects of work, your fringe benefits tax (FBT) obligations relating to cars may have changed as a result of COVID-19. Are you confident th...at youre across them? If not, thats okay were here to help. Our new factsheet helps you determine if your obligations have been affected and calculate your FBT liability. Check it out at https://www.ato.gov.au//types-of-frin/car-fringe-benefits/ See more

03.01.2022 Rental property owners: Has your income from your property been affected by COVID-19? Our FAQs answer tax-time questions such as: What expenses can I claim i...f my tenants arent paying their rent under the lease agreement? If I decide to reduce the amount of rent I charge my tenants, will my deduction for rental property expenses be reduced? If I receive a back payment of rent or an amount of insurance for lost rent, do I have to include this as income? Find the answers to these questions and more at www.ato.gov.au//c/individuals-frequently-asked-questions/

02.01.2022 Tax depreciation incentives Lower company tax rate changes Increased small business income tax offset Run a small business and have no idea what we’re t...alking about? We have a range of info and resources to help you get your head around the new concessions available to you! Find out more at www.ato.gov.au//Small-busin/What-s-new-for-small-business/

02.01.2022 Don’t forget, there’s only two weeks left to lodge - your tax return’s due 2 November! 31 October falls on a weekend this year, so you technically have until m...idnight the following Monday. Don’t leave it til the last minute though - lodge online using myTax before the due date or contact your registered tax agent by 31 October! If you’re not sure how to get started, we have tools like live chat, online calculators, and guides to help. For more info about lodging, visit www.ato.gov.au/Individuals/Lodging-your-tax-return

01.01.2022 Attention rental property owners: If youre not sure what you can claim in your tax return, were here to help you get it right! Check out our brand new 2020 ...rental properties guide for up-to-date explanations, examples and tips to help you get your rental income and deductions right. For more info and to read the guide, visit www.ato.gov.au//In-de/Publications/Rental-properties-2020/ See more