Brackenbury Green & Owen in Quirindi, New South Wales | Business service

Brackenbury Green & Owen

Locality: Quirindi, New South Wales

Phone: +61 2 6746 1288

Address: 147 George Street 2343 Quirindi, NSW, Australia

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

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• Business service
• Tax preparation service
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23.01.2022 DROUGHT RELIEF If you live in the Liverpool Plains and are struggling due to the drought, please get in contact with Nikki 0427 936 990 or [email protected] . We are receiving goverment funding and can help out to pay bills or other needs. No paperwork. All you have to do is call and answer a few questions for statistics purposes. Your call will be treated in confidence. Every little bit helps.

22.01.2022 From today, all study and training loans will be covered by one set of thresholds and rates, with the minimum repayment income threshold also having been reduced from $51,957 down to $45,881, meaning a greater number of students will be required to start paying off their student loans. If you employ anyone with a student loan debt you will need to ensure that you are withholding the correct amount of additional tax. If you are an employee with a student loan debt you should... check your next payslip to ensure that your employer is withholding the correct amount of additional tax to cover your repayments. The updated weekly, fortnightly and monthly study and training support tax tables can be found by clicking on the link below. There have been no changes to the standard tax tables. Feel free to contact one of our friendly staff if you have any questions.

22.01.2022 TAX FREE PAYMENTS FOR ELIGIBLE EMPLOYERS As part of the $17.6 billion economic stimulus package announced yesterday the government will provide tax free payments of between $2,000 - $25,000 to eligible small and medium sized businesses based on their PAYG obligations. The payment will provide cash flow support to businesses with a turnover of less than $50 million that employ staff between the 1st January 2020 and 30th June 2020. Businesses will receive payments of 50% of the...ir Business Activity Statements or Instalment Activity Statement from the 28th April 2020 with refunds to be paid within 14 days. Another measure within the package will help small businesses (with less than 20 employees) retain their apprentices and trainees by providing a wage subsidy of 50% of the apprentice's or trainee's wage for up to 9 months, from 1st January 2020 to 30th September 2020. The maximum subsidy for each apprentice/trainee will be $21,000. It is proposed that employers will be able to register for the subsidy in early April. The stimulus package is set to be introduced into Parliament in the final sitting week of March 2020 for urgent consideration and passage.

20.01.2022 SIGNIFICANT INSTANT ASSET WRITE-OFF INCREASE As part of the $17.6 billion economic stimulus package announced yesterday the government have increased the instant asset write-off from $30,000 to $150,000 for businesses with an aggregated turnover of less than $500 million (up from $50 million) for assets purchased and installed ready for use between the 12th March 2020 - 30th June 2020. The stimulus package is set to be introduced into Parliament in the final sitting week of March 2020 for urgent consideration and passage.

14.01.2022 The TPB have created a handy information sheet detailing the obligations of tax agents and their clients.

14.01.2022 Noel Saunders, representative for the Liverpool Plains Shire, will travel to Canberra tomorrow with Namoi Unlimited and representatives from the Tamworth, Walcha, Gunnedah, and Gwydir shires to raise awareness of the ongoing drought and it's impact on rural communities. We wish Noel and his fellow campaigners all the best in their endeavors. More information regarding the advocacy trip can be found on the Namoi Unlimited website via the following link: http://www.namoiunlimited.nsw.gov.au/new-drought-awareness/

13.01.2022 With the festive season upon us once again, we would like to wish all of our valued clients a very Merry Christmas and a prosperous New Year. We would also like to take this opportunity to thank you for your continued business and support throughout 2019. Our office will be closed from 5pm Friday 20th December, 2019 until 9am Monday 6th January, 2020.

13.01.2022 Working from home during COVID19? The ATO have introduced a temporary 80 cent per hour shortcut method for claiming the additional expenses relating to working from home during COVID19. The new method applies to the period from the 01/03/20 30/06/20 and covers expenses such as electricity, phone, internet, depreciation, ink, stationary, etc. If you plan on claiming home office expenses under this shortcut method you will need to keep a record of the number of hours that you... are working from home. Further information is available on the ATO website here: https://www.ato.gov.au//Suppo/Employees-working-from-home/

11.01.2022 The ATO are strongly encouraging taxpayers to wait a few weeks before lodging their tax returns this year. Firstly, under the new single touch payroll system, some employees will no longer receive payment summaries and are, instead, being told to access their annual income summary via their myGov account. For the 2018-19 financial year employers have up until 31 July 2019 to submit the finalisation declarations necessary to make their employees' income summaries 'tax ready' (...with that date set to change to 14 July for the 2019-20 year onwards). If you lodge your tax return before your income statement has been finalised, your employer could make changes that may mean you’ll have to lodge an amendment. In some cases, additional tax and interest may be payable. Another reason the ATO are advising against lodging your return too early this year relates to the new Low and Middle Income Tax Offset, which was announced in the budget to apply to the 2019 income year and could see eligible taxpayers receive an offset of up to $1,080. The legislation hasn’t, as yet, made it through parliament and the ATO have stated that they cannot process the new offset amounts until such time as the law is passed. They have said, however, that they will be able to automatically amend any returns assessed without the offset, if/when the law is changed. If you are unsure about whether your income statement has been finalised, or you have questions about the new offset, feel free to contact one of our friendly staff.

11.01.2022 Brackenbury Green & Owen are proud to be associated with the Quirindi High School P&C Christmas Lights & Twilight Markets and congratulate their hard working committee on organising such a wonderful event.

10.01.2022 BG&O are pleased to announce that we can now accept debit and credit card payments via tap, insert, Apple Pay, Google Pay, or over the phone, thanks to Square Terminal. More information about how the Square Terminal works can be found by clicking on the picture below. If you are interested in purchasing a Square Terminal for your own business and you sign up via our link: https://squareup.com/i/BRACKENBU3 you will receive free processing on up to $1000 in sales in your first 180 days.

10.01.2022 Business workshop for young farmers coming to Tamworth on the 7th & 8th April. Business EDGE Young Guns workshops are for up and coming livestock producers who are ready to build their skills and confidence to manage an agricultural business. Delivered by Holmes Sackett, this is a 2-day financial and business management training course to enhance your knowledge in financial and business management. You will learn: the fundamentals of long term wealth creation... how to assess and manage business risk know what your key profit drivers are the requirements for business entry and succession. The Department of Primary Industries Young Farmer Business Program has a limited number of subsidies available for eligible young farmers who would like to attend The Business Edge - Young Guns Workshop. The Young Farmer Business Program will pay 90% of the course costs making the cost of the course only $165.00. For more information call Tim Flynn on 0447 655 163. There is also a 50% fee rebate for eligible NSW RAA participants. To establish if you can claim the rebate follow this link - https://www.raa.nsw.gov.au//farm-business-skills-applicati

03.01.2022 We would like to introduce our two newest staff members, who have both been very welcome additions to the office: Brianna Patterson commenced as a full-time Trainee Accountant on the 11th February and is currently completing a Certificate IV in Accounting & Bookkeeping at TAFE. Sonia Green joined our team as an experienced Office Administrator on the 26th February and works 8.30-4pm Tuesday-Thursdays.