BA Accounting & Advisory in Gatton, Queensland | Accountant

BA Accounting & Advisory

Locality: Gatton, Queensland

Phone: +61 7 5462 2555

Address: 106 Railway Street 4343 Gatton, QLD, Australia

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

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25.01.2022 TRUCK DRIVERS - It's time to review how you claim fuel tax credits For businesses with an annual FTC entitlement of < $10K, there is a simplified method that means you may be entitled to more credits (with minimal extra paperwork). Using kilometres travelled, litres purchased and the ATO's accepted diesel consumption rates, and the ATO's deemed amount of on-road travel of 98.4%, you may be able to start claiming a portion of your fuel at the off-road rates (currently 42....7c/L). The new "BASIC" method is something our friendly accountants would be happy to explain to you to help you get more back. #gattonaccountant #fueltaxcredits #trucks #tax

25.01.2022 Would you like a little extra from the Government? Maybe a tax free contribution of up to $500 to your superannuation fund? If your taxable income is < $39,837 and you make a $1,000 after-tax contribution, the government will contribute an additional $500 on your behalf.... Rates reduce incrementally in line with higher incomes to a threshold of $51,837 which if reached, means the reached would make the taxpayer ineligible for the super co-contribution. If you have questions, feel free to get in touch with our office or seek further information from the website below. https://www.ato.gov.au//Growing-yo/Super-co-contribution/ #supercontributions #governmentboost #BAAccountingandAdvisory

22.01.2022 Fuel Tax Credit Update On 1 February 2021 fuel tax credit rates for liquid fuels including diesel and petrol increased to: 16.9c/L for heavy vehicles on public roads 42.7c/L for all other eligible business uses

17.01.2022 Is your business ready for the Super Guarantee rate rise? Did you know on the 1st of July 2021, the Super Guarantee rate will rise from 9.5% to 10%? This means, if you have employees, you will be required to ensure that your payroll and accounting systems are updated to include the increase to the Super rate. It is important that you pay your employees the correct amount of Super. The ATO will be taking firmer action towards employers who are not meeting the Super Guarantee o...bligations. In some cases, this will result in an Audit of an employer and potentially raise assessments with additional penalties for not lodging by the due date. If you have any questions, click the link below or call our office today! https://taxandsupernewsroom.com.au/is-your-business-ready/

16.01.2022 Have you started your Tax Planning yet? Did your company pay income tax in the 2018-2019 or 2019-2020 financial years? Did you know that as part of last year's Federal Budget you can claim a refundable tax offset up to the amount of your previous years income tax liabilities if your company is in a loss position in 2020-2021? This change came into effect on January 1st, 2021. For more information- https://www.ato.gov.au//Income-tax-for-bu/Loss-carry-back/ or alternatively p...hone our office for your complimentary meeting. #taxplanning #taxoffsets #companytax #lockyervalleyaccountant #baaccountingandadvisory #financialyear

15.01.2022 Recent studies have shown that an alarming number of our youth do not understand what taxes are and how they work. Here are our top 3 tips for teaching your kids about work, tax and the value of money: 1. Talk about it - it sounds simple but it can be very effective. Talk about where money comes from e.g. work, gifts, investments etc. Also discuss the different types of taxes e.g. GST, transfer duty, income tax, mining royalties, customs duty etc. It's also great to talk abo...ut why we all need to pay tax e.g. public health, infrastructure etc. 2. Charge income tax on pocket money - this may seem pointless however by doing this you are teaching your child the difference between gross pay and net pay. For simplicity, a small (fixed) percentage works best. It can also be fun to give your children "payslips" for their pocket money to teach them the importance of record keeping. 3. End of term tax returns - a year is a long time for children so it works well to do end of term tax returns as a family activity. Sit down with your children and explain the tax they have paid on their pocket money and outline how the government (parents) plan to uses taxes this term. Taxes can be apportioned between family projects, donations to charity, tax refunds and gifts. Try not to always give them big refunds as this creates unrealistic expectations for the future. By teaching your children about work, tax and the value of money you are setting them up to be financially savvy adults. It's a great investment of your time. #teachingkids #teachingtax #lifelessons #accountant #lockyervalleyaccountant

15.01.2022 KEY DATES FOR BUSINESS OWNERS 28 Jan 2021 - Dec Qtr Super Guarantee Due 28 Jan 2021 - Due date for FN 18-20 JobKeeper Declarations 31 Jan 2021 - Date to meet wage condition for JobKeeper FN 21-22 1 Feb 2021 - Fuel tax credit rates change... 22 Feb 2021 - January monthy BAS due See more

12.01.2022 The Queensland Government's new online business education program is now available to current and aspiring business owners, and it's free! It covers digital marketing, accounting/financing, business basics, mindset, growth, networking & more. See https://business-ignite.com.au/#/ for more information.

08.01.2022 How awesome are our new signs?! A huge thank you to Sophie Geronimos for our wonderful design and also a huge thank you to Jesse from J&JR rural for installing these for us! Be sure to check out Jesse's page for all your fabrication needs.... #baaccountingandadvisory #lockyervalleyaccountant

06.01.2022 BOOKWORK GETTING THE WAY OF BUSINESS GROWTH? If your business has outgrown your original system, it might be time to consider outsourcing it, or just getting advice and training on a solution that meets your needs. We pride ourselves on being able to provide simple, cost-effective and sanity-saving solutions. Contact us for a quote today.