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25.01.2022 The Government has announced a $130 billion JobKeeper Payment to keep more Australians in jobs and support businesses affected by the Coronavirus. The payment will apply to full-time workers, part-time employees, sole traders and casual workers if they have been with a business for more than 12 months, with all workers receiving the same amount regardless of employment type or salary. https://www.sbs.com.au//government-announces-1-500-a-fortn... https://www.australia.gov.au

22.01.2022 Its our absolute pleasure to support BTGN’s Dashain Sanjh 2019! Please come and join us at the BTGN’s Dashain Sanjh on 5 October 2019 at Ashfield Town Hall. It’s certain to be filled with fun, food and facts about Nepali culture. Look forward to seeing you then and there.

22.01.2022 Have you checked your super balance recently ? Market volatility can affect your super ! In recent weeks, investment markets around the world have experienced significant volatility as investors try to assess the impact of the coronavirus (COVID-19) outbreak an event that no-one anticipated for 2020. If your super is invested in the Australian and/or international share markets, it’s likely you would have been affected by this.... https://www.bt.com.au//how-market-volatility-affects-your-

22.01.2022 Attention owners of building maintenance and property management businesses! If you pay contractors to provide cleaning services on your behalf, you may need to complete a Taxable payments annual report (TPAR). Find out more at https://www.ato.gov.au//Re/Taxable-payments-annual-report/

21.01.2022 Tax Time : New changes From the 201819 income year: Increase the low and middle income tax offset from a maximum amount of $530 to $1,080 per annum and increase the base amount from $200 to $255 per annum!... Taxpayers with a taxable income which does not exceed $37,000 will receive a low and middle income tax offset of up to $255 Taxpayers with a taxable income which exceeds $37,000 but is not more than $48,000 will receive $255, plus an amount equal to 7.5 per cent to the maximum offset of $1,080 Taxpayers with a taxable income which exceeds $48,000 but is not more than $90,000 will be eligible for the maximum low and middle income tax offset of $1,080 Taxpayers with a taxable income which exceeds $90,000 but is not more than $126,000 will be eligible for a low and middle income tax offset of $1,080, less an amount equal to 3 per cent of the excess.

18.01.2022 Tim has to buy tools for his job as a tradie, which means he can claim a deduction on his tax return. If you’re a builder, plumber, sparkie, mechanic or other kind of tradie, you generally: Can claim the cost of travel while working, including trips between sites Can claim the cost of protective clothes you’re required to wear (eg steel-capped boots)... Can claim the work-related portion of your phone expenses if you have to make calls or send texts for work Can’t claim the cost of driving from home to work, except in limited circumstances Can’t claim a deduction for plain clothes (eg t-shirt, jeans) even if your boss tells you to wear them. Find even more info in our guides at www.ato.gov.au//In/Occupation-and-industry-specific-guides

17.01.2022 Approached by someone offering unusually cheap tax services or promising refunds that are too good to be true? Beware of unregistered preparers! Remember, only a registered tax agent can charge a fee to prepare and lodge your tax return. Today an unregistered preparer from Sydney received a criminal conviction for dishonestly obtaining a financial advantage. Charging a $100 fee, he used the personal myGov credentials of 1,098 individuals to lodge tax returns on their behalf, redirecting some of the refunds into his own bank account. Find out more at www.ato.gov.au//Thieving-fake-tax-agent-stopped-by-the-ATO/

14.01.2022 Work in an office? While we can’t help you with that co-worker who keeps microwaving fish (), we can help you figure out the deductions you can claim this tax time! Check out our tailored deduction guides for tips across a range of occupations, including: IT and media professionals Lawyers... Real estate employees Sales and marketing professionals Other office workers From clothing and home office costs to travel and self-education expenses, it’s all covered at www.ato.gov.au//In/Occupation-and-industry-specific-guides

12.01.2022 Government Stimulus Package: The Federal Government has announced a $17.6 bn economic stimulus package proposed to support businesses, keep Australians in jobs and support households: Increase in the instant asset write-off threshold from $30,000 to $150,000 (ex GST). ... CASH FLOW ASSISTANCE FOR BUSINESS: Eligible small to medium-sized businesses will receive a cash boost of a minimum $2,000 up to a maximum of $25,000. Eligible employers can apply for a wage subsidy of 50% of their apprentice’s or trainee’s wage for up to 9 months from 1 January 2020 to 30 September 2020 STIMULUS PAYMENTS TO CERTAIN HOUSEHOLDS: Pensioners, social security, veteran and other income support recipients and eligible concession cardholders will be eligible for a one-off $750 stimulus payment. Source:RSM global

10.01.2022 When it comes to claiming your work related EXPENSES remember to ensure you are aware of the ATO’s three golden rules for claiming work-related expenses: you must have spent the money yourself and not have been reimbursed; it must be directly related to earning your income; and you must have a record to substantiate the claim. Even where record-keeping exceptions apply, taxpayers must still be able to show how they calculated the claim. https://www.intheblack.com/articl//07/02/tax-returns-2019

07.01.2022 Tick tock, tick tock, there are just four weeks left on the tax time clock! You have until 31 October to lodge if you’re planning to do your own tax return. By now, most of your info from employers, banks, government agencies, health funds and other third parties should be pre-filled in your return, making it easy to lodge online. If you’re using a tax agent for the first time or changing agents this year, be sure to get in touch with them by 31 October. ... Either way, time is ticking! Find out more at www.ato.gov.au/Individuals/Lodging-your-tax-return

04.01.2022 If your business is in the building and construction industry, or if you provide cleaning or courier services and paid contractors for these services, your Taxable payments annual report (TPAR) is due by 28 August You'll need to include the ABN, name and total amount you've paid to your contractors for the year. We use info from your TPAR to help pre-fill individual (sole trader) contractor tax returns, check contractor GST registrations and make sure ABNs on invoices are correct. Find help and support at www.ato.gov.au//Reports-an/Taxable-payments-annual-report/

01.01.2022 Last year, 99% of people who lodged online had their tax return (or refund!) processed within two weeks. Some lodgments require extra manual processing, particularly if: the bank account details recorded in your return were updated during processing ATO need to check certain info with other government departments (eg Centrelink, Child Support or Family Assistance Office)... you have an existing tax debt ATO need to verify the info you’ve provided. If it’s going to take more than four weeks for us to finalise your return, ATO will notify you. Find out more at www.ato.gov.au//l/tracking-your-refund-or-fixing-a-mistake