Beachcombing Accounting & Finance in Burleigh Heads, Queensland | Local service

Beachcombing Accounting & Finance

Locality: Burleigh Heads, Queensland

Phone: +61 7 5520 4091

Address: 9 Kortum Drive 4220 Burleigh Heads, QLD, Australia

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

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25.01.2022 JobKeeper 2.0 JobKeeper redesigned The Government announced on 21 July 2020 that a modified JobKeeper program will continue for another six months beyond its legislated end date of 27 September 2020 until 28 March 2021. This follows a three-month review of JobKeeper which concluded that the case for extending JobKeeper beyond September is strong. The review suggested that:...Continue reading

25.01.2022 https://www.businessinsider.com.au/interest-rates-australia

25.01.2022 https://amp.news.com.au///0eb57e21b4cefb0d35dab4cb099e0bd3

24.01.2022 COVID-19 (novel coronavirus) early release of superannuation Applications for early release of superannuation (super) will be accepted through myGov from 20 April. You can register your interest now by logging in to your myGov account https://my.gov.au/ and following the Intention to access coronavirus support instructions. If you don’t already have a myGov account, you can set one up by selecting 'create an account'.... We will notify you by email or SMS when applications open. You do not need to phone us. About the measure The government is allowing individuals affected by COVID-19 to access up to $10,000 of their superannuation in 201920 and a further $10,000 in 202021. Individuals will not need to pay tax on amounts released coronavirus amounts are not taken into account under any income or means tests. Eligible individuals will be able to apply to access up to: $10,000 of their super before 1 July 2020 a further $10,000 from 1 July 2020 until 24 September 2020. To apply for early release, you must satisfy one or more of the following requirements: You are unemployed. You are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or farm household allowance. On or after 1 January 2020, either you were made redundant your working hours were reduced by 20% or more if you are a sole trader, your business was suspended or there was a reduction in your turnover of 20% or more. You will not be required to attach evidence to support your application; however, you should retain records and documents to confirm your eligibility.

24.01.2022 Government Immediate Corona Virus Stimulus Packages Starts Today...Continue reading

23.01.2022 2019/2020 Tax Returns - https://mailchi.mp/4ddee8796ced/20192020-tax-returns

22.01.2022 https://mobile.abc.net.au//claiming-tax-deductio/12128622

22.01.2022 https://apple.news/ALsIu5PA7QNab9GhJiOx61Q

21.01.2022 https://apple.news/AvNwMu8UBSXOP6YHPnWT0Bw

20.01.2022 September Newsletter - JobKeeper Extension - https://mailchi.mp//september-newsletter-jobkeeper-extensi

20.01.2022 Head over to our brand new Instagram account and follow us to keep up to date with everything going on in the office! @beachcombing_accounting Www.instagram.com/beachcombing_accounting

20.01.2022 https://www.savings.com.au//government-set-to-unveil-resid

17.01.2022 Corona Virus Stimulus Package Starts Today - https://mailchi.mp//corona-virus-stimulus-package-starts-t The Australian Government will provide financial assistance to around 6.5 million lower-income Australians in response to the Coronavirus. One-off payments of $750 will be paid to around 6.5 million lower-income Australians, including pensioners, other social security and veteran income support recipients and eligible concession cardholders.... The one-off payment will be paid from 31 March 2020.

16.01.2022 https://au.finance.yahoo.com//second-stimulus-package-unve

16.01.2022 https://au.finance.yahoo.com//ato-gives-budget-tax-cut-upd

14.01.2022 https://au.finance.yahoo.com//why-340000-australians-wont-

14.01.2022 https://7news.com.au//ato-issues-updated-tax-super-law-adv

12.01.2022 JobKeeper Payment details still not available We would like to take this opportunity to update you on the JobKeeper Payment Scheme. Bills passed but no detail yet... Yesterday, the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was introduced and passed both Houses of Parliament. Unfortunately, it did not contain the finer detail of how the JobKeeper Payment Scheme (‘the Scheme’) will operate. What it did was set up a framework including giving the Treasurer the power to make Rules, by way of Legislative Instrument, as to how the Scheme will work. These Rules are not currently available. ATO’s role in the JobKeeper Payment Scheme Further, as previously announced by Treasury, the Commissioner of Taxation will be given certain discretions relating to the operation of the Scheme, including the ability to provide alternative turnover tests that can be satisfied if the tests already announced by Treasury cannot be met (e.g., that businesses with a turnover below $1 billion must have had or will have at least a 30% reduction in their turnover due to the effect of COVID-19). It is anticipated that the ATO will make this information available once Treasury has released the Rules. We believe this information is imminent and as soon as it is available, we will be working quickly to provide you with all the information you need to assist your clients. Are we expecting any major changes? We believe the information we previously provided you with at the time the Scheme was first announced by the Government and contained in the factsheets on Treasury’s website will be, on the whole, representative of how the Scheme ends up operating. We will be in touch very soon.

12.01.2022 Cash flow boost for businesses! 7 April 2020 From 28 April 2020, eligible businesses will receive a tax-free cash flow boost of between $20,000 and $100,000 through credits in the activity statement system when they lodge all relevant activity statements. ... This is to help during the economic downturn associated with COVID-19. You do not need to apply for the cash flow boost. All you need to do is lodge your upcoming activity statements on time. Make sure you lodge your March and quarter 3 activity statements bu their due date. This will ensure you receive the maximum refund available to you to assist with your cash flow. If your business is eligible, the credit will be automatically applied from 28 April 2020. Remember, Beachcombing Accounting & Finance has registered tax agents and BAS agents that can help you with your tax and BAS lodgement.

11.01.2022 https://au.finance.yahoo.com//ato-delivers-jobkeeper-remin

11.01.2022 https://www.news.com.au///096969a73fa5b916496e2aef2bc21eea

11.01.2022 Tax time will look a bit different this year. But what does that mean for you? It's coming up to the end of the financial year and that means it's tax time. But with COVID-19 having a massive impact on our personal circumstances, there have been some big changes to how we do our tax returns this year. And according to the ATO, nearly everyone's circumstances have changed....Continue reading

11.01.2022 https://www.smsfadviser.com//18947-ato-unveils-new-program

10.01.2022 https://amp.smh.com.au//saving-your-home-how-to-ask-for-a-

09.01.2022 "Australians suffering financial hardship during the coronavirus crisis will now be able to access up to $10,000 of their own superannuation. Eligible people will be able to apply to access their super accounts through MyGov before July 1 2020. After that, they will be access another $10,000 through the next three months. Josh Frydenberg said in Canberra that the withdrawals would be tax-free."... "People will be able to access superannuation early. They will be able to access up to $10,000 this financial year and $10,000 next financial year. The withdrawals from superannuation will be tax free - and available to people on benefits and to sole traders and casuals who have lost 20 per cent or more in working hours or income as a result of the coronavirus crisis."

08.01.2022 June Newsletter - https://mailchi.mp/2d92f93c7945/june-newsletter

08.01.2022 JobKeeper Official Applications Start Monday 20th April 2020 - https://mailchi.mp//jobkeeper-official-applications-start- JobKeeper Official Applications start on Monday 20th April. Here is everything you need to know and what to do to ensure you receive the payment if you are eligible.

07.01.2022 The government has introduced a $130 billion JobKeeper Payment scheme to support businesses significantly affected by the coronavirus to help keep more Australians in jobs. The JobKeeper payment is open to eligible employers to enable them to pay their eligible employee’s 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 us. 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. Find out how this affects you: Employers https://www.ato.gov.au/general/jobkeeper-payment/employers/ Employees https://www.ato.gov.au/general/jobkeeper-payment/employees/

07.01.2022 https://7news.com.au//atos-tax-advice-why-coronavirus-coul

07.01.2022 https://au.finance.yahoo.com//will-interest-rates-go-up-in

06.01.2022 November Newsletter - https://mailchi.mp/291791e7c9f4/november-newsletter

06.01.2022 https://amp.abc.net.au/article/12123232

05.01.2022 https://apple.news/Aq8A8jI8_QuW0BROY79f5sQ

04.01.2022 3rd Wave COVID-19 Stimulus Job Keeper Payments - https://mailchi.mp//3rd-wavecovid-19stimulus-job-keeper-pa The Job Keeper Payment will provide a flat $1,500 a fortnight per employee for businesses to retain or rehire nearly six million workers. Businesses that experience a 30% drop in turnover since the 1st March 2020 will be eligible.

03.01.2022 Stimulus update: Who is eligible for the $750? 6.5 million people are expected to receive the payment, including 2.4 million pensioners. This includes people on the Age Pension, Newstart, the Disability Support Pension, Carers' Allowance, Youth Allowance, Veterans’ Affairs payments, Family Tax Benefit and those holding a Pensioner Concession Card or Commonwealth Senior Health Card.... People who already receive these payments or hold these cards will get the cash automatically. You don’t need to do anything. Full list of eligible payments and concession cards Centrelink will pay you the $750 Economic Support Payment if you get 1 of the following payments: Age Pension Disability Support Pension Carer Payment Carer Allowance Parenting Payment Wife Pension Widow B Pension ABSTUDY (Living Allowance) Austudy Bereavement Allowance Newstart Allowance Youth Allowance Partner Allowance Sickness Allowance Special Benefit Widow Allowance Farm Household Allowance Family Tax Benefit A Family Tax Benefit B Double Orphan Pension. You’ll also get the payment if you have 1 of the following concession cards: Pensioner Concession Card Commonwealth Seniors Card DVA Gold Card. You’ll also get the payment if you get 1 of the following Department of Veterans’ Affairs payments: Veterans Service Pension Veteran’s Income Support Supplement Veterans’ Compensation payments War Widow(er) Pension. You’ll only get 1 payment, even if you get more than 1 qualifying payment or card. The payment is subject to legislation passing. It won’t be counted as income for social security payments, Farm Household Allowance and veterans’ payments. It’s tax exempt. They won’t use this payment to pay off an existing Centrelink or Child Support debt.

03.01.2022 https://amp.9news.com.au//7d570e73-bced-4d30-ac64-4fa1bdb6