Burgess Bryan Partners, Accountants & Advisors in Nunawading, Victoria, Australia | Tax preparation service

Burgess Bryan Partners, Accountants & Advisors

Locality: Nunawading, Victoria, Australia

Phone: +61 3 9873 3888

Address: Level 1, 1-3 Rooks Road 3131 Nunawading, VIC, Australia

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

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25.01.2022 A lot of people we speak with are struggling at the moment...we’ll get through this together Melbourne!

15.01.2022 Simpler depreciation for small businesses You can choose to use the simplified depreciation rules if you have a small business with an aggregated turnover (the total normal income of your business and that of any associated businesses) of less than: $10 million from 1 July 2016 onwards... $2 million for previous income years. Under these rules where you purchased assets first used or installed them ready for use: From 7.30pm (AEST) on 12 May 2015 until 28 January 2019, you can immediately deduct the business portion of most depreciating assets costing less than $20,000 each (the instant asset write-off threshold). From 29 January 2019 until before 7.30pm (AEDT) 2 April 2019, you can immediately deduct the business portion of most depreciating assets costing less than $25,000 each (the instant asset write-off threshold). From 7.30pm (AEDT) on 2 April 2019 until 30 June 2020, you can immediately deduct the business portion of most depreciating assets costing less than $30,000 each (the instant asset write-off threshold). For more information about the small business simplified depreciation rules, please head over to https://www.ato.gov.au//simpler-depreciation-for-small-b/

14.01.2022 Businesses: Entertainment-related fringe benefits As a general overview, there is no specific 'entertainment fringe benefit' category as such, but a fringe benefit may arise from providing employees or their associates with: entertainment by way of food, drink or recreation... accommodation or travel in connection with such entertainment. Entertainment includes, for example: meals and drinks including staff social functions such as Christmas parties and farewells sporting or theatrical events, sightseeing tours and holidays entertaining employees and non-employees (such as clients) over a weekend at a tourist resort or providing them with a holiday. Recreation includes amusement, sport and similar leisure pursuits (such as a game of golf, theatre or movie tickets, a joy flight or a harbour cruise). Entertainment benefits provided to people other than employees or their associates (to clients for example) are not subject to FBT and are generally not income tax deductible for employers. For more information about the tax and reporting treatment of entertainment-related fringe benefits, please go to https://www.ato.gov.au//entertainment-related-fringe-ben/

13.01.2022 Key dates for September 2019 23 September 2019 August monthly BAS due

06.01.2022 Business Assistance Program If you're new to business and don't understand the tax and super obligations required for running a business, the Business Assistance Program may be right for you. The program is available to small businesses that have:... recently registered for an Australian business number (ABN) registered for goods and services tax (GST) or likely to register for GST in the near future. Some of the topics the Business Assistance Program can help you with include: your tax obligations based on your business structure registering for GST and your GST obligations employer obligations super obligations record-keeping requirements understanding business activity statements using our digital services. To register for the program, go to https://www.ato.gov.au//Register-for-the-business-assist/