Bush & Campbell Accountants in Wagga Wagga, New South Wales, Australia | Financial planner

Bush & Campbell Accountants

Locality: Wagga Wagga, New South Wales, Australia

Phone: +61 2 6938 4600

Address: 30 Blake Street 2650 Wagga Wagga, NSW, Australia

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

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• Tax preparation service
• Accountant
• Financial service
• Financial planner

25.01.2022 What's new for income tax in 2021 in under 2 minutes with Bush & Campbell Chartered Accountant Alex McCormack! Come and see us at Bush & Campbell, we are the experts by your side and would love to help you now and to benefit your future - http://ow.ly/gTht50C3r0B

24.01.2022 We are 2 months into the new financial year and the sooner you can get on top of your paperwork the better. We understand that staying on top of your bookkeeping can be a real struggle that can cost your business time and money. Our teams are based in Wagga, Tumbarumba and Lockhart and are ready to help you!... Get in contact now to get started with us: https://www.bushcampbell.com.au/contact

23.01.2022 In a time where everyone's personal and business situations are changing so rapidly, we are the experts by your side, here to help! We go out of our way to get to know each of our clients so we can make a positive impact for their businesses, personal finances, and our community. Find out what we're about from some of our clients.

22.01.2022 The 7 most common bookkeeping mistakes that can cost you money: 1. Improper or poor record keeping 2. Improperly categorising expenses 3. Not reconciling bank accounts 4. Neglecting sales tax ... 5. Not classifying employees correctly 6. Neglecting to track reimbursable expenses 7. Wasting too much time Many business owners try to do bookkeeping themselves or do not have the professional help they need. Although we all know that time is money, many business owners do not put enough VALUE on their time. Leave the books to us - https://www.bushcampbell.com.au/contact

22.01.2022 How do I tell the ATO my business is no longer eligible for JobKeeper? If you are no longer eligible for JobKeeper because you do not satisfy the actual decline in turnover test, you do not need to notify the ATO. If you do not satisfy the actual decline in turnover test in extension 1 or extension 2, you will not be able to submit the monthly declaration forms in those periods and will not receive any JobKeeper payments.... Get in touch with our expert team if you have any questions - http://ow.ly/3hXJ50CpPtK

21.01.2022 There have been some recent changes to Jobkeeper. A reminder that from yesterday, the 4th ofJanuary 2021, until the 28th March 2021, payments have changed and will be either: Tier 1: $1,000 per fortnight (before tax)... Tier 2: $650 per fortnight (before tax). More information available from the ATO here: https://www.ato.gov.au//Extension-of-the-JobKeeper-Payment/

21.01.2022 Are you considering applying for the First Home Super Saver Scheme? Reminder if you want to be able to receive your FHSS release amount before Christmas you need to apply online by 18 November 2020. Want to know more about the scheme? Read more here - http://ow.ly/YjZQ50Cjqig

20.01.2022 Did you renegotiate or defer your rent due to COVID-19? The government's moratorium on evictions ends in a couple of weeks for NSW, on October 15. If you're a renter who has negotiated a discounted rental amount, it's important to understand that the agreement will need to be renegotiated. This is even more important for those who have deferred some of their rent.... It's important to speak to your landlord earlier than later, and open communication is key.

19.01.2022 There has been a lot of talk about the Commonwealth Bank's Dollarmite program with ASIC handing down its findings just recently. http://ow.ly/WZqZ50CSCKs It is a good reminder that children do need good education about money, especially at this time of year when they might have received Christmas presents from relatives in the form of cash, and that there are options to help them and you look after that money.

19.01.2022 Staying on top of your bookkeeping can be a real struggle that can cost your business time and money. Bush & Campbell can help you save on both. Get in touch to find out about speedy, reliable and professional bookkeeping in Wagga, Lockhart & Tumbarumba: https://www.bushcampbell.com.au/contact

18.01.2022 If you've recently received your tax bill back but are unable to pay it on time due to the impact of COVID-19 or other serious financial hardship, the ATO has options available including: - Setting up a payment plan - Establishing a secured payment plan - If you're in serious hardship you may be released from some or all of your debt - If you're a small business with an activity statement debt, you may be able to pay it off interest-free over 12 months.... Find out more here - http://ow.ly/1DLT50BxwHa

18.01.2022 Personal tax returns were due to be lodged Monday, have you forgotten? What happens now? If you’re lodging your own tax return it needs to be lodged by 31 October each year, this year as the 31st fell on a weekend, it was due in Monday 1 November. Even if the due date has passed, it is important to lodge as soon as you can.... If you expect a tax bill, don't delay lodging. The due date for payment when you lodge your own tax return is 21 November even if you lodge late. Interest will be charged after 21 November. If you're finding it hard to pay on time, it's important to contact the ATO early to make a payment plan tailored to your circumstances. Find out more - http://ow.ly/Vkvy50CaX8F

16.01.2022 Do you know where you Super is? This question goes further than just what Superannuation Fund, although this is important as well, but where is your money invested in this fund? Your Super Fund invests your money for you. Most funds let you choose from a range of investment options, from conservative to growth.... It's worth taking the time to check what your investments are currently, your options and then decide what's right for you. The option you choose can make a big difference to how your super grows. Most funds allow you to change your super investment options online, and you can check your options in your relevant PDS. There are many considerations when choosing the right investment level and the associated risk such as: - Your age - Your risk comfort level - When you'll access your funds

16.01.2022 If you're interested in commercial property investment, this is the video for you! Our Chartered Accountant Alex McCormack talks all things commercial property investments and what to consider with Dylan Wooden - Commercial Agent. Get in touch with our team if you want to know more.

16.01.2022 This month is Healthy Ageing Month, being healthy financially can be just as important as physically, make sure you are considering and planning for your future now. Throughout the month we will be talking all things, superannuation, retirement, insurances, tips to help you age healthy financially, and start conversations with you to get you thinking about vital elements before retirement. Make ageing less stressful and know that you're considering your future today, get in touch - https://www.bushcampbell.com.au/contact

16.01.2022 Looking for ways to grow your money before retirement? One of easiest ways is through the snowballing power of compounding interest. Your savings, together with the power of compounding returns, will see the value of your saved money accelerate at a much faster rate. Superannuation uses compounding interest to grow your balance which will help you in retirement. Generally, your employer will pay 9.5% of your pay into super that will use compounding interest to grow until you ...reach retirement. To boost the amount you’ll have saved at retirement you might want to consider making additional contributions through salary sacrificing or personal contributions (on which you’ve already paid tax). You might be surprised how putting away small, yet regular amounts stack up over time. BUT there are many considerations when looking to add to your super including tax implications, eligibility, and ways to optimise your investments. Start planning for your future now, future you will thank you. Reach out to our expert team if you have any questions or are looking for personalised advice to help you age healthy financially - https://www.bushcampbell.com.au/contact

15.01.2022 We understand that staying on top of your bookkeeping can be a real struggle that can cost your business time and money. Our teams are based in Wagga, Tumbarumba and Lockhart and are ready to help you! Get in contact now to get started with us: http://ow.ly/MgWW50CaXbY

15.01.2022 An important aspect of ageing healthy financially is considering life insurance. As much as we all hope that we never need it, life insurance can provide protection to yourself and your family just in case the unexpected occurs. When we are talking about Life insurance it can include 4 different types:... - Life Insurance: provides a lump sum payment in the event of death and is designed to protect your family. - Total and Permanent Disablement (TPD) Insurance: provides a lump sum payment if you become totally and permanently disabled. It is designed to help cover rehabilitation costs, repayment of debts, and the cost of living for you and your family. - Trauma Insurance: provides a lump sum payment in the event you suffer a medical trauma that impacts your life and lifestyle. This might include things like a stroke, heart attack, loss of limbs etc. - Income Protection (IP) Insurance: provides a payment up to 75% of your salary for a period if you’re temporarily unable to work due to sickness or injury. Get in touch with our expert team to discuss your personal situation and how life insurance could best benefit and protect you - https://www.bushcampbell.com.au/contact

14.01.2022 A lot of people are hopefully about to go away on holidays over the summer break (some all already are), but with the ever unpredictable world of Covid-19 plans can, and do, often need to change. The ACCC have some pointers and things to consider before you book so that you don't lose out if you need to change your plans. http://ow.ly/O9Fe50CSDsj

14.01.2022 An interesting article by Beyond Blue on the strong link between financial wellbeing and mental health. It’s becoming increasingly clear that the pandemic is presenting many people with significant financial challenges and the impact on mental health is evident. Read more - http://ow.ly/Z5ig50BhzTB... It's important you are considering your finances now so that you can age healthily physically, mentally and financially. Get in touch to start planning for your future - https://www.bushcampbell.com.au/contact

13.01.2022 Worried your boss isn't paying your super right? If you're in a job that pays $450 or more a month (before tax) you should receive 9.5% as your super guarantee (SG) on top of your wage. Your employer might choose to pay the SG monthly or at each pay cycle, but it must be paid into your super account at least every three months. If you are not getting this money, you need to follow it up.... To make sure you are being paid, you can check your contributions with your super fund - this can usually be done online. Or you can do it through your myGov account linked to the ATO. If your employer has been underpaying or not paying at all, report it to the ATO and they can follow up with your employer - http://ow.ly/Nkag50CaXxW

12.01.2022 New South Wales residents could soon be free of compulsory stamp duty, after NSW Treasurer Dominic Perrottet proposed a move away from it in favour of a land tax. The proposed changes, announced as part of the 2020-21 state budget and open for public feedback until March next year, would give homeowners the option of either paying stamp duty upfront or paying a smaller annual land tax. The rates would differ depending on whether you're an owner-occupier or investor. Homeowner...s would not be double taxed - if you've already paid stamp duty, you won't be up for the land tax. The rate of stamp duty in NSW is currently 4%. For a first homeowner purchasing a property worth $600,000, they have to pay $24,000 in stamp duty.

10.01.2022 Thinking you might find a second job to boost your income? Here's what to consider before looking for a second job: - You can only claim the tax free threshold from one employer, you should claim the threshold from the employer where you earn the highest wage. - Factor in any HELP (previously HECS), which kicks in this year 2020-21 once your income exceeds $46,630 it is payable on your full income, that is, from both jobs combined.... - The second job won't take into account what you earn on the first job but after you tick the box not to claim the tax free threshold, the ATO has a tax table based on the income you earn from the second employer who will then deduct that tax, therefore there may be a shortfall on tax that you will have to pay at year end. To combat this you can inform your payroll clerk to take more tax out - 39% tax or 45% or 50% and any excess will be returned through a tax refund at the end of the year. - A benefit you can claim from having two jobs is that you can deduct the cost of travelling directly between two jobs, on the same day. If you're doing a lot of travel you might like to do a log book and claim a percentage of the running costs of your car. - Another way to decrease your tax bill if you are earning extra money and are being taxed at a higher rate is to salary sacrifice into superannuation - an incentive to save for the future and decrease your tax. Speak to our expert team if you have any questions - https://www.bushcampbell.com.au/contact

10.01.2022 We know you don't want to hear the word Christmas yet, but it is sneaking up on us quicker than we would like, and with so many Australian's concerned about their finances, here is some tips to start preparing for Christmas: - Plan ahead... This means you can set out a budget and a savings plan, and start saving, to save you some stress come December. - You can purchase gifts over a number of months, rather than waiting until December. Aim to buy for a couple of people per ...month to spread the expenses out. - You could also suggest that each family member buys for a single person, rather than the whole extended circle. You could even do a secret santa in your family... - Pre-Christmas sales calendar. Between now and Christmas, there is Black Friday, Cyber Monday and Click Frenzy. During this time it is a good opportunity to stock up on gifts at a fraction of the regular retail price. - Don't leave online purchases to the last minute, you run the risk of them turning up late and you don't want to have to pay extra for express post.

10.01.2022 JobMaker Hiring Credit are here! You could receive up to $200 per week for new positions you create until 6 October 2021. Check the ATO's eligibility criteria and payment estimator to see how much you could get.... https://www.ato.gov.au//JobMaker-Hiring-Credit-payment-est If you have any further questions on want to make an appointment please contact us: https://www.bushcampbell.com.au/contact

10.01.2022 Credit scores... What are they? How do you know what yours is? How can you change it if it's wrong? Lenders use your credit score (or credit rating) to decide whether to give you credit or lend you money. Knowing this can help you negotiate better deals, or understand why a lender rejected you. Your credit score is based on:... - the amount of money you’ve borrowed - the number of credit applications you’ve made - whether you pay on time A higher score means the lender will consider you less risky, this could mean getting a better deal and saving money. A lower score will affect your ability to get a loan or credit. Contact one of these credit reporting agencies for a copy of your credit report: Equifax - http://ow.ly/gIzi50BqTE6 CheckYourCredit - http://ow.ly/kwxH50BqTEa Experian - http://ow.ly/y8Od50BqTEb You have a right to get errors fixed for free, and you can arrange this yourself. Contact the credit provider and ask them to get the incorrect listing removed. If the credit provider agrees it's wrong, they'll ask the credit reporting agency to remove it from your credit report. If you can't reach an agreement, contact the Australian Financial Complaints Authority (AFCA) to make a complaint and get free, independent dispute resolution.

07.01.2022 Happy Father's Day to all the wonderful and special Dad's in our lives!

07.01.2022 New changes to the JobKeeper scheme applies on 28th September. With changes to eligibility, are you prepared? This newsletter includes a range of information for businesses, not-for-profits and individuals, including: - Wage conditions and key timelines for JobKeeper extension 1 - Businesses and not-for-profits - What you need to do?... - What is different? - What hasn't changed? Read more - http://ow.ly/T7T850BxtED

05.01.2022 Would you let your kids stay on your health insurance for longer? Many 25-34 year old's are cancelling their health insurance due to not being able to afford it. What if the age limit was increased to 30 for family members to be under the same health insurance so the bank of mum & dad could still pay for their kids? An interesting article from Money magazine, read more here - http://ow.ly/FpWd50BzDQ4

05.01.2022 Congratulations to Wagga City Rugby Club for another successful season! We are proud to sponsor the club and absolutely stoked to hear of your First Grade win on the weekend!

05.01.2022 "A win for almost anybody in small business" - Alex McCormack Everything you need to know about the changing Instant Asset Write-offs wrapped up in under 3 minutes with Bush & Campbell Chartered Accountant Alex McCormack! Come and see us at Bush & Campbell, we are the experts by your side and would love to help you now and to benefit your future - http://ow.ly/gTht50C3r0B

04.01.2022 A reminder to all businesses with employees qualified for JobKeeper payments! Get in touch with our expert team if you have any questions - https://www.bushcampbell.com.au/

03.01.2022 Reminder to employers for the JobKeeper extension, complete your business declaration before 14 October, and submit your decline in turnover to the ATO online between before 31 October as per the new JobKeeper extension guidelines. Find a list of key dates at www.ato.gov.au/Gener/JobKeeper-Payment/JobKeeper-key-dates/

03.01.2022 Part of ageing healthy financially is being aware of financial abuse. It can happen to anyone, and unfortunately is more common in the older population as they depend on others for help with financial tasks and decisions, and frequently the abuser is a family member. Financial abuse is when someone takes away your access to money, manipulates your financial decisions, or uses your money without consent. ... Help protect yourself from financial abuse by: - regularly checking bank and credit card statements for unauthorised transactions - opening your own mail - if you lend money to someone, putting it in writing and making a plan with them for repayment - never signing documents you don't understand - where possible, getting independent and confidential legal or financial advice - asking someone you trust to check that the person who manages your money is doing it in your best interests If you or someone you know is experiencing financial abuse, free and confidential help is available: - Family Relationship Advice Line, 1800 050 32 - Compass, 1800 353 374

03.01.2022 A new study by the Australian Institute of Superannuation Trustees shows: - Almost half of Australians aged over 65 say retirement is costing them more than they expected. - More than 50 per cent worry that they will outlive their savings. - Four out of 10 say they can’t afford to go to restaurants and cafes.... These are confronting statistics, and although we don't want anyone stressing about their finances, it is important that you are planning now and being smart financially, so that you can best benefit your future. Get in touch today if you have questions about building and protecting your wealth or superannuation - https://www.bushcampbell.com.au/contact

03.01.2022 If you're feeling overwhelmed by money or personal issues, it can be hard to know where to turn. If you don't know where to start, call the free National Debt Helpline on 1800 007 007. The helpline is open Monday to Friday, 9:30am to 4:30pm. Centrelink provides two kinds of emergency payments to people eligible for income support, Crisis payments and Advance payments. Call 132 850, 8am to 5pm, Monday to Friday.... If you're having trouble paying your bills or fines, read more here - https://moneysmart.gov.au//problems-paying-your-bills-and-

01.01.2022 The whole team from Bush & Campbell Accountants want to wish you a happy New Year, and we all hope you have a fantastic 2021!