BHC Partners in Adelaide, South Australia | Accountant

BHC Partners

Locality: Adelaide, South Australia

Phone: +61 8 8379 9501

Address: 1 Devereux Road, Linden Park 5065 Adelaide, SA, Australia

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

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24.01.2022 Our Offices are now closed for the Christmas/New Year break. We are due back to work on the 6 January 2020 at 8.30am. We are devastated to hear that so many of our clients have been impacted by the Cudlee Creek fire and are still concerned for the area. If any of our clients impacted by the fire require our assistance while we are closed please contact us.... Our Woodside office is open from 9.00am-5.00pm today (Monday) and will be open from 10.00am-2.00pm tomorrow (Tuesday) if there is anything that we can help you with or anything that you need from us. The hours tomorrow can easily be extended if you need anything but cant get to the office in that time. During the closure please do not hesitate to contact Jenni 0417 851 856 or Adam 0402 310 855 if you require anything. Please be safe and take care.

24.01.2022 Dont let your personal details gets in the wrong hands!

21.01.2022 We are aware of another scam that is doing the rounds at the moment via email. If you receive an email from ASIC (Australian Securities and Investments Commission) with a renewal letter attached DO NOT OPEN THE LINKPlease be aware of scammers You can often distinguish a scam email by the email address. The email address used for this scam is [email protected]... notice it uses instead of fullstops and does not include au The following link also shows you a warning that ASIC have put on their Facebook page regarding this scam: https://www.facebook.com/asicconnect/posts/1522410867773352:0 If you have any doubts about ASIC emails you can contact them on 1300 300 630 on weekdays from 8.30am-6.00pm or please do not hesitate to contact either of our offices. See more

21.01.2022 Click our link to see information regarding more Coronavirus support measures for those affected by the outbreak.

19.01.2022 By now some of you would have prepared and lodged your March BAS or be underway preparing it. You are probably wondering how the Economic Stimulus package will work, how much of a credit you will receive for your PAYG withholding that is usually paid on your employees wages and when you will receive it more importantly. We hope that the link below clears up some of these questions but as always feel free to call us on 8379 9501 (Linden Park) or 8389 7077 (Woodside) if any of it doesnt make sense or you require clarification. Alternatively you can also email us on [email protected]

19.01.2022 It has come to our attention recently that if your Windows 10 is updating with a security update it has the potential to lock you out of MYOB if your MYOB is Version 19 or older. If you are having these issues or about to undertake the update please contact the team at BHC Partners for assistance on 08 8379 9501.

19.01.2022 MYOB have advised us that the AccountRight 2019.2 and AccountRight 2019.3 versions are being decommissioned as of 20th January 2020. If you are currently using either of these versions you will need to update to the latest software version as soon as possible to be able to continue working online. If you require assistance in updating to the latest version please do not hesitate to give us a call on 08 8379 9501.

18.01.2022 Click here to find out how to make the most out of deductions from your rental property:

18.01.2022 ATO Data-Matching Program The ATO has announced that it will be acquiring details for the period 20 September 1985 to 30 June 2016 from various share registry services. The type of data the ATO will collect includes contact details, purchase and sale details, and quantities of shares acquired or disposed of. It is estimated that more that 95 million records will be obtained, including the records for approximately 1.2 million individuals. These records will then be electronic...ally matched with certain ATO data holdings to identify any discrepancies. The ATO says the program aims to identify income tax returns that may not include accurate information relating to the disposal of shares and securities, especially in relation to Capital Gains Tax. It is important to ensure you have provided your accountant with all of your dividend information and your purchases/sales of shares each year. If you believe your information may not be complete contact us to help you put the right information together.

17.01.2022 PROTECT YOURSELF AGAINST SCAM-DALOUS ACTIVITY The ATO is providing taxpayers with simple ways to protect themselves from scammers as part of Stay Smart Online week. See the link below for further information.

16.01.2022 SuperStream is the new system by which all employers will eventually need to make superannuation contributions for their employees. Under this system, employers will need to make super contributions electronically. The contribution data is sent electronically to the fund, and the contribution payment is also sent electronically through the banking system. The data message and payment are linked by a payment reference number, which enables reconciliation by the receiving fund.... For employers with 20 or more employees, SuperStream started on 1 July 2014 and they have until 30 June 2015 to implement the changes. For smaller employers (with 19 or fewer employees) SuperStream starts on 1 July 2015. Small employers can start early but have until 30 June 2016 to implement. The ATO recently sent small employers some information about SuperStream to help them get started. They are advising employers there are a number of steps they need to take to prepare for SuperStream. Every business is different and employers should look for a solution that best suits their business needs. Should you need assistance please dont hesitate to talk to us. 8379 9501

15.01.2022 #SelfWealth Recently attended a BGL Product Update Day and they discussed a great new product that can be used by SMSF trustees and individual investors also. Called Selfwealth it allows you to upload your portfolio and compare it to how others are performing. You can then mine this data to allow you to have better control over your investments and hopefully outperform the market. Check out www.selfwealth.com.au and talk to us if you want some info on how this can assist you.

14.01.2022 Happy Valley Football Club would like to thank the sponsors who continue to support out Club and local community. BHC Partners can ensure your structures are co...rrect, processes and software are in place, all to ensure you are fully informed financially and that you have the freedom to run and grow your business and personal financial wealth efficiently. See more

14.01.2022 IMPORTANT NOTICE FOR THOSE CONTEMPLATING ACCESSING THEIR SUPER One of the many measures introduced by the government to assist us to get through this period of uncertainty is access to some of your superannuation. The fact sheet linked below will assist you in deciding if first you are able to do this and then how to do this. However we wish to express caution that this should potentially be your last option after exhausting all other avenues. There are long term impacts of pulling money out of your super now. If you feel that this needs to be an option for you we strongly urge you to discuss the matter with us on 08 8379 9501. Alternatively you can discuss this with your financial planner if you have one or the superannuation fund you would be releasing your super from.

13.01.2022 Attention all car owners! You must declare what you share. See more information here: https://www.ato.gov.au//Attention-all-car-owners---you-mu/

13.01.2022 Join the team at BHC Partners!

11.01.2022 We're ready to start receiving your 2020 tax information! Feel free to contact us: 08 8379 9501 for Linden Park 08 8389 7077 for Woodside ... or email us at [email protected] See more

10.01.2022 Friday Funnies!

09.01.2022 IMPORTANT NOTICE - NEEDS TO BE READ BY ALL PEOPLE IN BUSINESS As you are all aware there is a lot of information out there regarding various funding available from the government to assist us through the Coronavirus pandemic. One of these is the Job keeper payment which is available to employers for their employees but also now to sole traders, partnerships, trusts and companies if there are individuals in these structures not drawing a wage through the PAYG withholding sys...tem. We are trying to get to all of you personally to assess your eligibility and process your applications for this. However time is against us at the moment if you need to claim these payments for the fortnights ending 12th and 26th April, 2020 as we need to notify the ATO by 26th April, 2020. Please click the link and read the Fact Sheet below and if you feel you need to clarify anything dont hesitate just call us on 08 8379 9501. If you believe you are eligible for April you need to enrol on the ATO portal via your MyGovID and have this done by 26th April, 2020. If you also need assistance with this call us as well and we will attend to this for you.

08.01.2022 The ATO are offering extra time for small businesses to become SuperStream compliant. You now have until 28 October 2016. Solutions that can be used to become compliant include upgrading payroll software, using a super funds online system, a messaging portal, or using a clearing house. The Small Business Superannuation Clearing House (SBSCH) is a free solution for small businesses to comply with SuperStream. It is a consistent, simple way to send your super payments electron...ically in a standard format, saving you time and money. For more information about SuperStream go to: https://www.ato.gov.au/super/superstream/employers/ For more information about the (SBSCH) go to: https://www.ato.gov.au//Small-Business-Superannuation-Cle/

08.01.2022 Government Announces Coronavirus Stimulus Package In the face of the current Coronavirus health crisis the federal government has announced a range of measures to support the economy, business and employment. We include below those measures that we believe will have an impact on you. Cash Flow Boost for Employers:...Continue reading

08.01.2022 On Wednesday, 22 October 2014 from 6-7pm AEDT a webinar is being held in which 4 Government departments will come together to discuss some of the key responsibilities small businesses have under Australian Law regarding registering their company or business names, hiring or managing employees, selling goods and services to customers, setting up invoicing, payments and recording systems. At this webinar expert presenters from The Australian Competition and Consumer Commission..., Australian Securities and Investments Commission (ASIC), Australian Taxation Office (ATO) and the Fair Work Ombudsman will be participating in a Q & A session. They will also provide information about government tools available to help small businesses. If you are interested in hearing what they have to say then follow this link to register: http://www.webcasts.com.au/jointagency221014/

07.01.2022 Invitation to Local Residents in the Adelaide Hills - LOBETHAL TONIGHT

06.01.2022 Click on the link to find out more about the new Home Office Claim Guidelines announced by the ATO. If you have any queries please do not hesitate to contact our office on 08 8379 9501.

06.01.2022 Thank you to BHC Partners for their ongoing sponsorship of Onkaparinga Swimming Club. BHC Partners is a local accounting firm with offices in Woodside and Linde...n Park that have both been running for more than 30 years. BHC Partners are more than just your average accountants. They pride themselves on their approachability and love working closely with their clients to achieve both business and personal finance success. If you or any of your friends and family are looking for an accountant for your tax or assistance with any other financial matter please dont hesitate to contact the team at BHC Partners on 8389 7077 or [email protected] . See more

06.01.2022 Were ready to start receiving your 2020 tax information! Feel free to contact us: 08 8379 9501 for Linden Park 08 8389 7077 for Woodside ... or email us at [email protected] See more

05.01.2022 Please note the following tax relief measures and waivers to assist bushfire affected people in South Australia: Depending on the extent of the damage to the property some people may be eligible for a waiver of their land tax liabilities for 2019/20 and 2020/2021. Stamp duty relief (capped up to $48,830) may be available if a property was destroyed and a replacement property has to be purchased. The balance of the duty will be payable for replacement properties valued abo...ve $1M. Registered owners of motor vehicles that were destroyed can apply for a refund of the unexpired registration (includes CTP Premium, Lifetime Support Scheme Levy and Emergency Services Levy). Stamp duty on replacement vehicles purchased could be reduced by up to $1,940 for passenger vehicles and $1,470 for commercial vehicles. The registrar of motor vehicles may wave the administration fee on registration of these vehicles also. Service SA may waive the administration fee for replacement of drivers licence if lost or destroyed during the fires. Fees may be waived if replacing destroyed or lost birth, death or marriage certificates also. Collection of Emergency Services Levy debts will be placed on hold. If you have been affected by the bushfires please contact our office as we may be able to assist in accessing some of these measures and/or waivers on your behalf.

05.01.2022 The ATO are currently looking at the cash and hidden economy. That is, businesses that dont report income or pay cash-in-hand wages to avoid tax or super. Over the next three years they will be reviewing restaurant, caf, and takeaway businesses they believe arent doing the right thing. They will: - look for lifestyle and spending habits that outweigh business income... - compare businesses against the small business benchmarks - review third party information such as bank transactions, and compare it to what businesses have reported - investigate information provided by employees and the community. Ensure you keep your tax records up to date, and accurate. If you think you may have made a mistake, contact us on 8379 9501 to assist you in correcting it. Make sure your employee records are accurate and all superannuation obligations are up to date. Ask us about the benchmarks the ATO are using.

04.01.2022 The Australian Taxation Office has extended the Employer Registration for Working Holiday Makers (Employees with visa subclasses 417 and 462) to 31st January 2017. If employers do not register by this date they will be required to withhold tax at 32.5% for the first $37,000 of the Working Holiday Makers income. Penalties may apply for failing to register before 31st January 2017. To register, follow this link: https://www.ato.gov.au/TWHM/ For more information see the Employer Registration: Working Holiday Makers article on the ATO website or call BHC Partners on 08 8379 9501.

04.01.2022 In the last week we have had two clients contact us in respect of phone calls from organisations pretending to represent the Australian Taxation Office (ATO). In both cases they have suggested that there is legal action pending and that to stop this you need to provide personal details and/or pay an amount of money. Should you get one of these calls or an email, DO NOT respond to them. We have spoken to the ATO and there are a number of scams around at the moment. These are j...ust two examples. It is not the ATOs method to leave threatening phone calls suggesting legal action is pending. It is suspected that these calls are for identity fraud so providing personal details will result in your identity being compromised. If you receive any of these calls or emails please contact us and we will liaise with the ATO to report them and ensure that you are not bothered again hopefully. As your tax agent any correspondence or communications from the ATO should be coming through us so that we can deal with this on your behalf. Should you have any queries please do not hesitate to contact us on 08 8379 9501.

03.01.2022 Governments Child Care and Early Childhood Education Relief Package The Federal Government has just announced a relief package for the child care and early childhood education sector (child care sector). The relief package is designed to: provide free child care to around one million families; and... ensure that as many of the child care sectors 13,000 child care and early learning services as possible keep their doors open for families that need to work and to support vulnerable children during the Coronavirus pandemic. The Prime Ministers Media Release also advises that, families who have terminated any childs enrolment since 17 February 2020 should get in contact with the relevant centre to re-start the childs enrolment. Furthermore, re-starting a childs enrolment: will not require families to send their children to child care; will not require families to pay a gap fee; and will hold the childs place at the centre for the point in time when things start to normalise and families are ready to take their children back to their centre. In a separate media statement, the Minister for Education, Dan Tehan, also indicated that means testing arrangements to access the child care subsidy for those who are working during the six-month Coronavirus pandemic will no longer be in place. If you have any queries please do not hesitate to contact our office on 08 8379 9501.

02.01.2022 Click on the link below to find out more about the Extension for Wage Payments announced by the ATO. If you have any queries please do not hesitate to contact our office on 08 8379 9501 (Linden Park) or 08 8389 7077 (Woodside).

02.01.2022 Beware of email scammers! Recently there have been reports of emails being received that claim to be from the Australian Taxation Office. Some of these emails claim that the recipient has a tax refund available and requests personal information.... Please note the Australian Taxation Office DO NOT communicate via email. Should you have any queries regarding the safety of personal information online please contact our office on 08 8379 9501.

01.01.2022 ASIC has created a new, free and easy to use smartphone app to assist business owners with due diligence. See the link below to download the app or find out more:

01.01.2022 Own a rental property or thinking of buying one? Click here to find out what you need to know:

01.01.2022 This article was in this weeks Courier newspaper in the Adelaide Hills. Please be aware of scammers. We have had clients contact us in respect of multiple phone calls from organisations pretending to represent the Australian Taxation Office (ATO). In these cases they have suggested that there is legal action pending and that to stop this you need to provide personal details and/or pay an amount of money. Should you get one of these calls or an email, DO NOT respond to them. ...We have spoken to the ATO and there are a number of scams around at the moment. These are just two examples. It is not the ATOs method to leave threatening phone calls suggesting legal action is pending. It is suspected that these calls are for identity fraud so providing personal details will result in your identity being compromised. If you receive any of these calls or emails please contact us and we will liaise with the ATO to report them and ensure that you are not bothered again hopefully. As your tax agent any correspondence or communications from the ATO should be coming through us so that we can deal with this on your behalf. For information on how to recognise a scam please see the following link: www.ato.gov.au//Your-pra/Do-you-know-how-to-spot-a-scam-/ Should you have any queries please do not hesitate to contact us.