Balance Accountants & Advisers in Grenfell, New South Wales | Business service

Balance Accountants & Advisers

Locality: Grenfell, New South Wales

Phone: +61 2 6343 1233

Address: 11 Short Street 2810 Grenfell, NSW, Australia

Website: http://www.balance.accountants

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24.01.2022 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.

24.01.2022 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

24.01.2022 Sole traders and some other entities (such as partnerships, trusts or companies) may be entitled to the JobKeeper Payment scheme under the business participation entitlement. However, not-for-profit organisations are not included under the business participation entitlement. Your entity may be eligible for the JobKeeper Payment scheme if you: have a non-employee individual who is actively engaged in the operation of the business we refer to this individual as the eligib...le business participant meet the other relevant eligibility requirements. A limit applies of one $1,500 JobKeeper payment per fortnight for the eligible business participant. If your entity also has employees, you may also be able to claim additional JobKeeper payments of $1,500 per fortnight per eligible employee. The entity, not the eligible business participant, receives the JobKeeper payment. The exception is a sole trader, who is both the business entity and an eligible business participant, and so receives the JobKeeper payment themselves.

24.01.2022 Definitely our workplace

23.01.2022 While adapting to the working-from-home life might have been difficult (well, maybe not for your pets ), at least you may be able to claim a percentage of thes...e expenses in your tax return! If youre eligible, you can use: our new shortcut method our fixed rate method or the actual cost method. Just make sure you have the right records to back up your claim. See which method is right for you at www.ato.gov.au//deductions-you-can-cl/home-office-expenses

23.01.2022 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

22.01.2022 We have an abundance of shredded paper available if anyone would like some

21.01.2022 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/

21.01.2022 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/

21.01.2022 Businesses: There was no increase to fuel tax credit rates today. If you use fuel in heavy vehicles or other machinery for your business, check out the current rates at www.ato.gov.au/Bu/Fuel-schemes/Fuel-tax-credits---business/

20.01.2022 JobKeeper Claim for August 2020 News JobKeeper Payment is based on the Base Amount of $1,500 Gross per Fortnight For the month of August 2020, the JobKeeper payment is $4,500 (3 x $1,500)... The reason behind the higher payment for August is due to there being an extra fortnight carried over from previous months and the ATO are reimbursing that fortnight in the month of August to all eligible people Please Note - we have lodged the JobKeeper Claims for all our Balance Clients

20.01.2022 Due to a scheduled power outage our office will be closed from 10am to 3pm today - our phones will not be working either so please phone Cowra Office on 63423524 & leave a message if you need us

20.01.2022 Covid-19 Early Release of Superannuation If you are eligible and need to access COVID-19 early release of super (up to $10,000 of your Super) you now have until 31st December 2020 to apply in the 2020-21 financial year round. You will need to submit a new application for the 2020-21 Financial Year.... Temporary Residents are not eligible to apply in the 2020-21 Financial Year. To find out if you’re eligible please visit: www.ato.gov.au//Withdrawin/COVID-19-early-release-of-super

19.01.2022 Announcement The #JobKeeper Payment has passed through parliament and enrolment dates have been set for employers and employees. Learn more about the application process: https://fal.cn/37Apd

18.01.2022 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.

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/

16.01.2022 JobKeeper Extension 1 28 September 2020 to 3 January 2021 From 28 September 2020, the JobKeeper scheme is being extended.... The first extension covers the JobKeeper fortnights between 28 September 2020 and 3 January 2021. To be eligible, your current GST turnover for the quarter ending 30 September 2020 (the months of July, August and September) must have declined by the specified shortfall percentage (generally 30%), in comparison to your GST turnover for the quarter ending 30 September 2019. If you believe that you may be eligible for JobKeeper Extension 1 based on this we suggest that you contact us so we can help you with this. Please Note: If you are already receiving JobKeeper Payments through our Office you do not need to contact us we will automatically reassess your application and contact you if we require any further information. Should you have any questions, please contact Karen Hampton of this office.

15.01.2022 Employers: If you received initial cash flow boosts, you'll automatically receive additional cash flow boosts when you lodge activity statements from June to Se...ptember 2020. You'll 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

15.01.2022 If youve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are reported differently: JobKeeper payments if youre an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you dont need to pay... tax on COVID-19 early release of super amounts, so you dont need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July.

14.01.2022 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

14.01.2022 Are you lodging your own Income Tax Return this year Be Quick because you only have until 31 October 2020 to lodge If you lodge through a Tax Agent, you have until 15 May 2021 - which gives you extra time to gather all your receipts and documents and get the maximum refund you are entitled to ... Call us on 6343 1233 to book an Appointment Dont want to make an Appointment, no problem Drop, Email or Post all your documents for us to complete your Tax Return and we can organise for you to sign when they are completed

14.01.2022 Have health insurance? Remember your health insurer is no longer required to send you a private health insurance statement. Instead, theyll let us know and we...ll automatically include it in your tax return by the end of July. Check if your health fund information has already been pre-filled in your tax return at www.ato.gov.au//Lodging-/In-detail/Pre-fill-availability/

14.01.2022 Please Welcome Alicia to our Balance Family! Alicia is our Friendly Receptionist in the Grenfell Balance Office. A Born and Bred Grenfell Girl, we believe Alicia is a valuable asset to our Business and has fitted in perfectly since joining us at the beginning of the Financial Year.

13.01.2022 The Coffee is On and the Sun is Shining Enjoy your day everyone

13.01.2022 Balance Accountants are taking part in the Weddin Shire Shop Local Campaign. Contact us to have your tax return lodged & fill in an entry form while you are here

12.01.2022 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 6343 1233.

10.01.2022 Year 12 students, if your parents have experienced financial hardship in 2020 due to COVID-19, you may be eligible for EAS. Click on the link to find out more. https://fal.cn/397xg

09.01.2022 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.

09.01.2022 Did you dig deep and donate to charity last financial year? Whether it was a wildlife rescue organisation or a bushfire appeal, if your gift or donation was m...ade to an approved deductible gift recipient (DGR), you may be able to claim it as a deduction on your tax return. Find more at www.ato.gov.au//Deduc/Other-deductions/Gifts-and-donations See more

08.01.2022 Balance Accountants and Advisers are looking for a motivated, qualified accountant or currently studying to join our team. All applications will remain confiden...tial. Position Details: Exposure to various accounting duties such as financial reporting, management reporting, taxation, tax planning, and all business services advice. Industries such as primary production, retail, transport, professional services. All entity types, including SMSF. Rapid expansion due to a growing reputation. Future plan is to increase the Partnership base and as such there are plenty of progression opportunities for staff looking to move into managerial positions in the future. Large focus on work life balance office facilities include small gymnasium, indoor heated lap pool and sauna which is available for staff and family. Firm culture is vibrant. The social aspects of the office are what help differentiate it from others. Post graduate studies including the CA Program (if not yet completed) will be supported and encouraged.

08.01.2022 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/

04.01.2022 SMALL BUSINESS RECOVERY GRANT If your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. This grant helps small businesses meet the costs of safely reopening or up-scaling operations. Check out the Service NSW Website for further information

03.01.2022 Welcome Back to Nadine following Maternity Leave She is back & ready to help you with your taxation needs after the birth of her beautiful little boy Rayner, who is now 6 months old

02.01.2022 SCAM ALERT With tax time in full swing, beware of myGov-themed SMS and email scams! These messages will often ask you to click on a link to verify your deta...ils, and may seem to be legitimate because they show in your ATO or myGov SMS message thread. Dont click any links, and dont provide the information requested. A genuine ATO or myGov message will never ask you to access online services via a hyperlink. 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/

01.01.2022 PHONE ISSUES Our office is currently experiencing phone issues due to Telstra internet problems. If you cannot get us please phone Dimity at Cowra Office & she will send us a message. 63 423524 We apologise for the inconvenience