Bourne & Weir Pty Ltd in Melbourne, Victoria, Australia | Accountant

Bourne & Weir Pty Ltd

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9629 1433

Address: Level 11, 50 Market Street 3000 Melbourne, VIC, Australia

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

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25.01.2022 Over the weekend the Victorian Government released details of another round of the Business Support Fund to assist ease the financial burden being felt by many businesses in Victoria that are being adversely impacted by the ongoing lock downs. The amount of financial support on offer is unlikely to ease much of the pain that small businesses are suffering and if you are a sole trader then this package is offering no assistance. There is supposed to be further announcement...s setting out an assistance package to those sole traders so we will have to wait to see what form that assistance is likely to take. Click below to find out the details of the latest round of business support.

25.01.2022 2019 Tax Planning for Businesses Cash flow is incredibly important to all businesses and cash flow dictates what a business can and cannot do. One of the businesses largest cash outflows is to the ATO whether it be through GST, PAYG quarterly instalments of tax or remitting PAYG Withholding tax withheld from employees salary and wages. While the GST and PAYG Withholding are determined as a matter of course, the income tax that your business pays will be dependent on the taxa...ble income at your end. Click below to find a summary of areas that business owners can consider that will ultimately influence the business taxable income and the amount of tax payable by the business.

24.01.2022 Today the government announced their Coronavirus Stimulus Package totalling $17.6 billion. The stimulus package aims to protect the economy, assist businesses and help employees to keep their jobs. Weve put together information on how you could benefit. To find out more click below:

24.01.2022 From all the team at Bourne + Weir we wish you a Merry Christmas and a safe, happy and prosperous New Year. #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bourneweir

23.01.2022 The Federal Budget handed down last night by the Treasurer Josh Frydenberg has generally been agreed to be a responsible Budget. It claims to be the first Budget in 12 years to deliver a surplus. With forecast tax cuts for around 10 million people and promises for large amounts of spending on infrastructure, schools, healthcare, science and medicine, this Budget does lay a platform for the election campaign. Click below to find out how the Budget will affect you:

23.01.2022 2020 Tax Planning for Individuals. 2020 will be a year none of us forget and everybody’s attention has been on lockdown rules, number of infections and their daily movements, stock market volatility and the value of your superannuation. All of these things have been at the front of mind because they have been important to you. One thing that we must not forget is to ensure that we are not paying more tax than we should be paying. ... Below is a list of things that you should take into account to ensure that your financial affairs are as tax effective as possible before 30 June 2020.

22.01.2022 Similar to the Federal Vacancy Tax, the Victorian Government introduced the Victorian Vacant Residential Land Tax (VVRLT) to help address the lack of housing supply in Victoria. Unlike the Federal Vacancy Tax, the VVRLT is not limited to foreign residents. It is imposed against all residential land owners who allow their residential properties to remain vacant for more than 6 months in a calendar year. If you have a residential property that has remained (or is likely to be)... vacant for 6 months and is located in one of the named council areas, then you are required to notify the State Revenue Office. To find out more about the VVRLT and if it applies to you, click below. http://www.bourneandweir.com.au/victorian-vacant-residenti/

21.01.2022 At Bourne + Weir our knowledge is what we pride ourselves on. Through regular training, webinars and networking opportunities our staff are able to add value to our clients business and tax affairs. Our bi-monthly newsletters keeps you up to date with goings on in the tax world, including any changes made to tax law and how that may impact you. Sign up for our newsletter through our website (link in bio)... #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir See more

21.01.2022 Like anyone, we like to have a break and recharge the batteries over Christmas and New Years so that we come back refreshed and ready to assist our clients. Our office will be closed from Tuesday 24th December to Wednesday 8th January 2020. Merry Christmas and a safe, happy & prosperous New Year!!... #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bourneweir @bourneandweir See more

20.01.2022 In addition to the Federal Government response to the Coronavirus, the Victorian State Government has established a $1.7 billion Economic Survival Package; the Victorian Business Support Fund. Previously, we had advised clients of the Payroll Tax relief offered by the State Revenue Office, but we have summarised additional relief that Victorian taxpayers can also access. Please click below to read more:... https://www.bourneandweir.com.au/victorian-business-suppor/

16.01.2022 As part of the push to try and make housing more affordable, the Federal Government introduced Vacancy Fees for foreign owners of residential dwellings in Australia in December 2017. The fee is intended to encourage foreign owners of residential real estate to make their properties available for rent where they are not occupied as a residence, and so increase the number of properties available for Australians to live in. If youre a foreign owner of a residential dwelling y...ou may be liable to pay the vacancy fee. If the Vacancy Fee applies to you are required to lodge a Vacancy Fee Return (one for each property) with the Australian Taxation Office. To find out more and if this applies to you, click the link below

15.01.2022 Bourne + Weir are very happy to introduce you to the newest members of our team. L-R: Evelyn Trieu, Daniel Ciabotti, Carissa van der Weegen and Malina Ivan. You can find out a bit more about our new staff members by following the link below:... http://www.bourneandweir.com.au/bourne-weir-year-review/

14.01.2022 It is business as usual at Bourne + Weir. While Melbourne might be in Stage 4 lockdown due to the spread of Covid-19 our office will be functioning almost as normal. The only difference is that our staff will all be working from home as of close of business Wednesday 5th August 5.30pm.... Contact remains the same. You can still call our office number as the phone line will be diverted to our Admin team. Alternatively if you have a staff member’s email or mobile number you are welcome to contact them that way. We wanted to reassure our clients that we have put numerous measures in place to ensure that productivity and work remains at our high standard and that your private information remains secure. Stay safe and well, Partners & Staff Bourne + Weir

14.01.2022 2020 has been a difficult year for Australian businesses across all sectors when you consider that we started with a drought, then experienced extreme bush fires and topped it off with the COVID-19 pandemic. With all this going on throughout the year and the focus on survival, it is still important to plan and assess the financial position of the business. At this time of year our focus turns to tax efficiency. 2020 should be no different. In fact, it may be more import...ant than before to ensure that you have done all things necessary to ensure that you know what your likely tax position is for the year and whether there is anything that you can do to minimise the tax payable. In preparing for the end of the 2020 financial year we set out the areas that you should consider. Click below to find out more.

13.01.2022 The Government announced on 21 July 2020 that they will be extending the JobKeeper scheme for another six months. Payments dates for the JobKeeper scheme when originally announced were to 27th September 2020. Due to the continued deterioration of the economy and the community spread of COVID-19 the scheme will now run until 28 March 2021. ... We have outlined below some of the key points of the extended scheme as announced today.

13.01.2022 2019 Tax Planning for Individuals Now that we are through another Federal Election and we can all let out a collective sigh of relief knowing that we can still obtain a refund of unused franking credits either personally or through our SMSFs, that negative gearing is alive and well, that the 50% capitals gains tax discount will remain in place and that we will not face the prospect of possible death taxes. Our attention now turns to year end tax matters and ways in which we can minimise our tax position. Click below to find out more.

12.01.2022 The Government has announced a further round of economic stimulus measures with the main focus being on providing income support for employees and allow businesses to continue to employ people during these unprecedented times. The JobKeeper Payment is aimed at businesses that have been significantly impacted by the pandemic. It is there to assist businesses in retaining employees and being able to pay their employees so they can restart when the health crisis is over. ... Importantly, the JobKeeper Payment will also be available to the self-employed. Click below to read Bourne + Weirs comprehensive guide and what it will mean to you both as an employer or an employee or if you are self-employed. Should you require assistance with registering for the JobKeeper Payment subsidy or require any further information, please do not hesitate to contact our office to discuss.

12.01.2022 In October 2018 Treasury brought out a consultation paper on Division 7A and set out its position on how the operation of Division 7A could be enhanced to improve integrity and operation. The proposed changes to Division 7A are significant and we advise that we will be in contact to discuss the impact of these proposed changes on your tax position now and moving forward as well as planning for these changes. To find out more about the proposed changes, please click below.... http://www.bourneandweir.com.au/division-7a-proposed-chang/

11.01.2022 Some of the many services we offer at Bourne + Weir are: + Tax Advisory + Business Consulting + Superannuation Services... + Corporate Advisory + Financial Planning We will explore these more in depth over the next few weeks. Or you can read more on our website (link in Bio) #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir See more

11.01.2022 Single Touch Payroll Legislation passed on Tuesday 12 February 2019 now requires employers with 19 or less employees to use Single Touch Payroll-enabled software. This means that from 1 July 2019 you will be required to report your wages, superannuation and PAYG Withholding tax to the Australian Tax Office on every pay cycle.... Employers with 20 or more employees should already be reporting under the new Single Touch Payroll rules. There are a number of changes that may impact you so to find out more please click below.

10.01.2022 With the release of the Governments Stimulus Package Retirees may need to review their situation. Have you been wondering what support you will receive or can possibly access as a result of all the changes related to COVID19 as well as the resulting share market declines? This newsletter aims to outline and clarify the changes announced by Government that aim to support you during these unprecedented times. From the lowering of the Deeming rates on 1 May 2020, or halving o...f the Account Based Pensions minimum required payment levels, there are a host of support payments being provided to assist people through the next 6 months or so. While these temporary measures should not mean a total change to your retirement strategy there might be a chance that you now qualify for something eg. Commonwealth Seniors Health Card or even a partial Age Pension. For those people already on Age pension benefits you should automatically receive the two support payments of $750. For more information please click below to find out more and contact Bourne & Weir with any questions. Above all stay safe out there and remain connected.

10.01.2022 Superannuation Contribution - Personal Deductible Contributions Why is superannuation important? Not only does it provide you with a focus on saving for retirement, it also has some short and long term benefits. Each person has an annual concessional superannuation contribution cap limit of $25,000.... By either salary sacrificing or making a personal contribution before 30 June and claiming a tax deduction in your own income tax return, you are able to reduce your tax. To find out more about the tax benefits of making a personal superannuation contribution click below:

09.01.2022 With effect from 1 November 2018 new rules governing long service leave (LSL) entitlements for employees within Victoria were set in place. Every employer who employs a person in Victoria and every employee in Victoria needs to understand the current rules regarding Long Service Leave entitlements as set out under the new Long Service Leave Act 2018 (Vic). We have set out what we believe to be the major points to note. To find out how this will impact you click on the link ...below. http://www.bourneandweir.com.au/long-service-leave-changes/

08.01.2022 At Bourne + Weir our focus is to add value for all clients. Value can come in many different forms and this is why we understand that no two clients are the same. We focus on your needs and look to take a holistic view of your financial and taxation affairs. We achieve our value add proposition by listening to our clients needs and putting in place solutions that are consistent with our clients goals and objectives. #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir

08.01.2022 Bourne + Weir employ people who are passionate about their career. Our client base is diverse with varying financial and business interests, so there is great opportunity to learn and gain experience across a wide range of areas. Our size ensures that we have the expertise to specialise in many varied and complex areas yet still give our clients the ability to enjoy direct relationships and personalised services from our staff. #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bourneweir @bourneandweir

07.01.2022 Yesterday the Government announced a second Coronavirus stimulus package totalling $189 billion. Weve put together comprehensive information on how you could benefit. If you have any queries related to this please contact the office 03 9629 1433.

07.01.2022 As mentioned earlier this morning we have an exciting offer related to Private Health Insurance. Bourne & Weirs financial planning company B&W Additions are pleased to advise that they are teaming up with TAL to offer you the ability to either have your current private health insurance policy reviewed or be given a quote in the event that you wish to take out private health insurance for the first time. The service is offered free of charge and if the referral comes from B...&W Additions to TAL and you switch or take up a new policy then you will be entitled to a discount. To find out more, click the link below

06.01.2022 Every time there is a change in taxation law or a new federal budget is released you can be sure that we will have a comprehensive guide up on our news section of our website. To stay up to date visit our website and subscribe to our newsletter (link in bio). #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir

05.01.2022 One aspect of the Australian Governments stimulus package was allowing individuals adversely affected by the economic effects of the Corona Virus to access up to $10,000 of their superannuation monies in both the 2020 financial year and the 2021 financial year. The ability to access this money under early release compassionate grounds is hoped to ease the financial burden that many within the community are experiencing. This measure will be extremely important to a nu...mber of people and you can now apply for early release online through your MyGov account. We have set out the eligibility rules and the process of applying for the early release money. Please click below to read more:

04.01.2022 2020 Tax Planning for Individuals. 2020 will be a year none of us forget and everybodys attention has been on lockdown rules, number of infections and their daily movements, stock market volatility and the value of your superannuation. All of these things have been at the front of mind because they have been important to you. One thing that we must not forget is to ensure that we are not paying more tax than we should be paying. ... Below is a list of things that you should take into account to ensure that your financial affairs are as tax effective as possible before 30 June 2020.

03.01.2022 The Victorian Government has released the regulations that govern the relationship between commercial landlords and their tenants (being small to medium sized businesses with an annual turnover of up to $50m and eligible for the JobKeeper Payments) commencing with effect from 29 March 2020 and ending on 29 September 2020. These rules set out the basis on which landlords and tenants need to conduct negotiation of rents with each other as well as dealing with outgoings. The following is a summary of the Commercial Tenancy Relief Scheme: https://www.bourneandweir.com.au/retail-and-commercial-ten/

02.01.2022 The Victorian Business Support Fund criteria has now been expanded. While the first round was dedicated to small businesses that were severely affected by the Stay at Home Directions order under the Department of Health and Human Services Victoria. The Victorian Business Support Fund now extends to businesses participating in the Commonwealth JobKeeper scheme regardless of the sector in which they operate. The only exclusion relate to ...sole-traders. To find out more click the link in our bio #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir See more

02.01.2022 The ATO is now accepting applications from employers to participate in the scheme. It feels like everyday we are getting more guidance on how the scheme will operate and new rules on eligibility of employers. Given the volume of information and misinformation being disseminated we thought that it would be worthwhile recapping on the basic rules and provide guidance on the new alternative tests that were released yesterday which widen the net of those employers who may be ...eligible to nominate for the scheme. Click below to find out more.

02.01.2022 The Victorian Business Support Fund criteria has now been expanded. While the first round was dedicated to small businesses that were severely affected by the Stay at Home Directions order under the Department of Health and Human Services Victoria. The Victorian Business Support Fund now extends to businesses participating in the Commonwealth JobKeeper scheme regardless of the sector in which they operate. The only exclusion relate to sole-traders.... To find out more click below:

02.01.2022 Our office is based in Melbournes CBD (just off Collins Street). We see clients face to face in our Yarra River facing boardroom as well as at your business or home. We are also embracing the online/virtual world and can hold meetings via Skype & Facetime. Book an appointment with us by calling 03 9629 1433 or emailing [email protected] ... #melbourneaccountants #accountants #accountantsinmelbourne #melbournecbdaccountants #bourneandweir #accounting #tax #business #finance #accountant #smallbusiness #business #taxes #mebournebusiness #management #instaaccounting #helpingpeople #certifiedaccountant #bookkeeping #businessconsultant #taxation #businessaccounting #modernaccounting @bournweir See more

02.01.2022 One of the main eligibility rules to become an eligible employer under the JobKeeper scheme is to be able to demonstrate that the businesses turnover has declined by more than 30% (where the business aggregate turnover was less than $1.0b) to a comparable period. Under the Basic Test the comparable period is the month of or quarter in the previous financial year (being the comparable period in 2019). While this may have catered to a large number of businesses, there were... also a significant number of businesses that failed the eligibility test because of various factors. On Thursday, legislation was released that provided rules to cater for the following situations: