Thompsons Australia in Hurstville, New South Wales, Australia | Accountant

Thompsons Australia

Locality: Hurstville, New South Wales, Australia

Phone: +61 2 8567 4300

Address: Shop 2, 313 Forest Road 2220 Hurstville, NSW, Australia

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

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• Tax preparation service
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25.01.2022 News alert: Instant Asset Write-off extended Treasurer Josh Frydenberg announced on the 9th of June that the Government will extend the $150,000 instant asset write-off (IAWO) by six months until 31 December 2020. Under the measure, the asset must be both acquired and installed ready for use by 31 December 2020, instead of 30 June 2020. Full article on 2020 tax breaks at the link below

24.01.2022 The way you get your payment summary is changing. Many employers are now required to report your pay, tax and super information direct to the ATO each payday, so you can find all of your information in one place when you need it. All employers will eventually report this way. For the full ATO release, please see the article... https://thompsonsaustralia.com.au/the-way-you-get-your-pay/ See more

24.01.2022 In conversation with our clients. Episode 1 - We talk 'Adapting to change' with Carol Phayer, owner of Art Ware House Produced by www.instagram.com/diaryofacameraop Music by www.instagram.com/atchmusic... https://thompsonsaustralia.com.au/

23.01.2022 The Government is introducing a subsidy program, titled the JobKeeper Payment to support employees and businesses. The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19. The Government has announced its intention to pass additional legislation to introduce this new measure.... The article contains the link to the JobKeeper application page and to other directly related resources.

23.01.2022 Episode 3 - We talk 'social media in business' with the owner of Miilan Hair, Fiona Knox. The role it plays in running a business, and the importance in the detail. Produced and filmed by http://www.instagram.com/diaryofacameraop Music by LiQWYD - Just Smile ... http://www.soundcloud.com/liqwyd http://www.instagram.com/liqwyd https://thompsonsaustralia.com.au/

23.01.2022 Disclosure of business tax debts- The ATO can now disclose tax debt information of businesses to registered credit reporting bureaus (CRBs), but only if certain criteria are met. Those criteria will be set out in a Legislative Instrument that is being finalised. The Government has said that the ATO will only disclose tax debt information to a CRB if the business has an ABN and one or more tax debts of at least $100,000 that are overdue by more than 90 days.... More information below-

20.01.2022 Small businesses across NSW will be able to apply for funding to help them safely reopen after the COVID-19 shutdown. Under the new Small Business Recovery Grant, small businesses will be able to apply for funding up to $3000 to cover marketing and advertising expenses, make fit-out changes and train staff in how to work safely under the current COVID-19 health conditions.

19.01.2022 JobKeeper extension for employees- Employees are eligible in the extension period if they: Are currently employed by an eligible employer (including if you were stood down or re-hired).... Were for the eligible employer (or another entity in their wholly-owned group) either: -a full-time, part-time or fixed-term employee at 1 July 2020; or -a long-term casual employee (employed on a regular and systematic basis for at least 12 months) as at 1 July 2020 and not a permanent employee of any other employer. -were aged 18 years or older at 1 July 2020 (if you were 16 or 17 you can also qualify if you are independent or not undertaking full time study). More info at the link below- https://thompsonsaustralia.com.au/jobkeeper-extension-empl/

19.01.2022 The ATO has published some of the weirder excuses it has heard for why the tax return was late or the taxpayer did not have supporting documents. Hopefully they will make you smile some may even sound familiar (who hasn’t misplaced a document).

19.01.2022 In conversation with our clients. Episode 2 - We talk 'digital transformation' with the owners of CTR Imports. The changes they have undertaken to keep their business accessible to their client base in an evolving business and social environment. Produced and filmed by http://www.instagram.com/diaryofacameraop... Music by Scandinavianz- Delta Dawn http://www.soundcloud.com/scandinavianz https://www.facebook.com/scandinavianz https://thompsonsaustralia.com.au/

17.01.2022 Working out if you have to pay super? An ATO factsheet provides a useful reminder about when you have to make contributions under the superannuation guarantee (SG) scheme. Generally, if you pay an employee $450 or more (before tax) in a calendar month, you have to pay them super on top of their wages.... More details in below-

15.01.2022 7 tips to stay smart online and avoid cybercrime- 1- Be careful about what information you share online. Thieves look to steal personal information with the intent to commit identity fraud. 2- Strong passwords are vital. Use two-factor authentication to add an extra layer of security where possible.... 3- Keep software updated on all devices to protect information.......

13.01.2022 Residential rental properties and tax- If you rent out property, you need to: - keep records right from the start - work out what expenses you can claim as deductions - declare all rental-related income in your tax return... - consider the capital gains tax implications if you sell. Further detail at this link

11.01.2022 Jobkeeper update 14th April- for eligible employers- How to calculate a fall in turnover for the first fortnight starting 30 March 2020 To work out your fall in turnover, you can compare either:... GST turnover for March 2020 with GST turnover for March 2019 projected GST turnover for April 2020 with GST turnover for April 2019 projected GST turnover for the quarter starting April 2020 with GST turnover for the quarter starting April 2019. Full article at link below-

10.01.2022 Jobkeeper Extension ..from 28 Sept 2020 Free downloadable JobKeeper testing workbook at the link. Timing and Turnover test.... From 28 September 2020, businesses and not-for-profits will have to demonstrate a decline in turnover using actual GST turnover (rather than projected GST turnover). https://thompsonsaustralia.com.au/jobkeeper-extension-from/

10.01.2022 Current Positions Available with Thompsons Australia Full job add at the link below -Looking for a stable and family friendly environment?... -Interested in a role with personal and business development potential? -Wollongong Based -Part-time The Role: As part of a small dedicated team, you will: -Work with an existing portfolio of clients, across multiple industries, -Develop an understanding of our business operations, and proactively seek involvement in our process of business improvement. -Proactively network with a focus on developing our business profile and client spread. -Build your experience working with the Senior Management Team. -Assist with implementing process improvements & group professional development and training. -Take a role in supporting team members as required. You need solid communication skills, ability to learn/adapt quickly & confidently as well as a can do attitude. #wollongongbusiness #wollongongjobs https://thompsonsaustralia.com.au/careers/

08.01.2022 In order to trigger payment of the Jobkeeper subsidy, businesses will need to lodge a Business monthly declaration for JobKeeper payment report with the ATO to confirm current details (this will be required monthly during job keeper). Then you get paid. The report (for STP registered employers), and for sole traders/partners etc, can be lodged in one of two ways. Details at the link below-

08.01.2022 The Fair Work Commission has extended the entitlement to unpaid pandemic leave and annual leave at half pay in 63 awards. Schedule X (which provides the entitlements) now applies until 30 September 2020. The article includes an explanation of what schedule X is, and which awards are included in the extension.... https://thompsonsaustralia.com.au/unpaid-pandemic-leave-an/

07.01.2022 Don’t forget the temporary cash flow support (the cash flow boost) for eligible small and medium businesses during COVID-19 crisis. Eligible businesses will receive between $20,000 and $100,000 in cash flow boost amounts by lodging their activity statements up to the month or quarter of September 2020. Full article at the link-

06.01.2022 The Northern Territory's Jobs Rescue and Recovery plan’s Small Business Survival Fund is a $50 million initiative to help Territory small businesses survive the physical distancing requirements in response to the coronavirus (COVID-19) pandemic.

04.01.2022 The attached article contains information from the ATO on the following topics- Affected by bushfire or COVID-19 Employee super contributions claiming a deduction STP exemption for small employers... End-of-year finalisation through STP Benefits of e-invoicing Applying for a government contract Company directors beware See more

03.01.2022 While superannuation helps people save for retirement, the Government recognises that for those significantly financially affected by the Coronavirus, accessing some of their superannuation today may outweigh the benefits of maintaining those savings until retirement. Eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020. They will also be able to access up to a further $10,000 from 1 July 2020 until 24 September 2020. Find the eligibility criteria at the link below.

02.01.2022 Complete a business monthly declaration between the 1st and 14th of the following month (to be reimbursed for JobKeeper payments in May you need to complete your declaration by 14 June). Before you make your declaration you must provide information as to your current and projected turnover. This is not a retest of your eligibility, but rather an indication of how your business is progressing under the JobKeeper Payment scheme. 31 May 2020 is the final date you can enrol for... JobKeeper if you intend to claim for wages paid for JobKeeper fortnights in April and May. Full article and further details at the link.