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Butlers Accountants

Phone: +61 7 5536 2288

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22.01.2022 All your Accounting and Tax news for March 2016

22.01.2022 The end of September will be upon us soon, it certainly has been a busy 6 months ! Businesses needing ongoing support must get familiar with the rules of JobKeeper 2.0 plus State Government grants that may be available to your business.

22.01.2022 Today we officially opened our new office. Cutting the ribbon is Cr Gail O’Neill, Margaret Lutton (Tweed Historical Society) and Laura Gerber MP Currumbin.

22.01.2022 Are you ready for the ATO Payroll changes with 20 or more employees? Single Touch Payroll is the next step in streamlining your payroll reporting. It will change the way you report your employees payroll information to the ATO. It starts from1 July 2018 for employers with 20 or more employees.You will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO when you pay your employees.... You can do this through your existing payroll software (such as xero, myob or quickbooks) as long as it is updated to offer Single Touch Payroll reporting. Payroll software providers are updating their products now. If you have 20 or more employees you will need to report through Single Touch Payroll from 1 July 2018. The first year will be a transition period and penalties may not apply. If you have 19 or less employees, you will need to report through Single Touch Payroll from 1 July 2019, subject to legislation being passed in parliament. What does it mean? When you start reporting through Single Touch Payroll you will send your employees payroll and super information to the ATO from your payroll solution each payday. Your payroll cycle will not change. You can still pay your employees weekly, fortnightly or monthly. Your payment due date for PAYG withholding and super contributions will not change. However, you can choose to pay earlier. You may not need to provide your employees with a payment summary at the end of financial year for certain payments you report through Single Touch Payroll. The ATO will make that information available to employees through myGov. You will have the option to invite your employees to complete Tax file number declaration, Superannuation standard choice form and Withholding declaration online. This feature will not be available immediately. When you report to the ATO through Single Touch Payroll, your employees will be able to view their year-to-date tax and super information through myGov. How do I get ready? Count the employees who are on your payroll. If you have 20 or more,and you are using xero or an equivalent package, the software will be automatically updated and ready for your first payrun in the new financial year.

22.01.2022 From 1 July, buyers of new residential property or land subdivisions need to pay the GST at settlement to us.

20.01.2022 Butlers Accountants have partnered with Xero to offer smart, streamlined financial management in the cloud ! As Xero Gold Partners, we walk the talk ! As early adopters of Xero and cloud technology, our Accountants have hands on experience setting up a multitude of client sites. We offer a range of Xero accounting services including Xero setup, Xero packages and Xero Training. Call us today on 07 5536 2288 or visit www.butlersca.com.au.

20.01.2022 We are holding a free 20 minute webinar on Friday 6 April at 3pm if you want to learn more about downsizing your home into super.

20.01.2022 Thinking of becoming and Airbnb host ? Read all about the Tax implications and more in the latest news from Butlers Accountants.

19.01.2022 JobKeeper: Navigating the complexities.

18.01.2022 How does the 2017-18 Federal Budget affect you. Read our Budget update. http://www.butlersca.com.au//how-does-the-federal-budget-2

18.01.2022 With EOFY approaching, get all the latest updates from Butlers Accountants.

17.01.2022 If you hold NSW property in a Trust, then act now to avoid land tax surcharge and more in our November update.

16.01.2022 The Governments newly announced JobKeeper payment provides businesses significantly impacted by the Coronavirus outbreak access to a subsidy to continue paying their employees. This assistance will help businesses to keep people in their jobs and re-start when the crisis is over. For employees, this means they can keep their job and earn an income even if their hours have been cut. The JobKeeper Payment is a temporary scheme open to businesses impacted by the Coronavirus.... The JobKeeper Payment will also be available to the self-employed. The Government will provide $1,500 per fortnight per employee for up to 6 months. The JobKeeper Payment will support employers to maintain their connection to their employees. These connections will enable business to reactivate their operations quickly without having to rehire staff when the crisis is over. Is your Business Eligible ? Employers (including non-for-profits) will be eligible for the subsidy if: their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month); or their business has a turnover of $1 billion or more and their turnover will be reduced by more than 50 per cent relative to a comparable period a year ago (of at least a month); and the business is not subject to the Major Bank Levy. Employers must elect to participate in the scheme. They will need to make an application to the Australian Taxation Office (ATO) and provide supporting information demonstrating a downturn in their business. In addition, employers must report the number of eligible employees employed by the business on a monthly basis. Eligible employers will receive the payment for each eligible employee that was on their books on 1 March 2020 and continues to be engaged by that employer including full-time, part-time, long-term casuals and stood down employees. Casual employees eligible for the JobKeeper Payment are those employees who have been with their employer on a regular basis for at least the previous 12 months as at 1 March 2020 If you are a Sole Trader (No Employees) Businesses without employees, such as the self-employed, can register their interest in applying for JobKeeper Payment via The Australian Taxation Office (ATO) from 30 March 2020. Businesses without employees will need to provide an ABN for their business, nominate an individual to receive the payment and provide that individuals Tax File Number and provide a declaration as to recent business activity. People who are self-employed will need to provide a monthly update to the ATO to declare their continued eligibility for the payments. Payment will be made monthly to the individuals bank account. For more detailed information and examples see the Employer Fact Sheet or All Businesses /Sole Traders need to register here https://www.ato.gov.au/general/gen/JobKeeper-payment/

15.01.2022 Butlers Accountants are proud supporters of the Somerset Swimming Club National Team. A huge congratulations on being selected to the 2016 Olympic Games in Rio (subject to ratification by FINA) to James Roberts pictured (right) with coach Ashley Callus and National Finalist Yolane Kukla.

15.01.2022 2019 End of Financial Year Checklist Maximise your tax deductions for the 2019-20 financial year by planning and reviewing your records. Here are top tips for businesses and individuals when it comes to year-end tax planning:...Continue reading

14.01.2022 Read all about the changes for residential property investors, along with 5 money mindsets that hold your back and more all in this edition of Butlers Accountants News

14.01.2022 Butlers Accountants are proud sponsors of the Somerset Swim Club National Team currently competing at the Australian Age Swimming Championships in Adelaide.

13.01.2022 Working from home means added tax boost for home office, Landlord relief for Qld and NSW announced and more updates on Job Keeper in this issue

12.01.2022 With the EOFY fast approaching read our May News for a few tips before 30 June.

12.01.2022 With only 2 weeks until the end of another Financial Year...checkout the latest EOFY checklist, Payroll changes and more in our June news!

11.01.2022 Every Monday we are releasing up-to-date information as it comes to hand to help you and your business through COVID-19.

11.01.2022 We are hiring ! Office Junior/Receptionist position available to join our busy Administration team.

11.01.2022 Today we officially opened our new office. Cutting the ribbon is Cr Gail ONeill, Margaret Lutton (Tweed Historical Society) and Laura Gerber MP Currumbin.

10.01.2022 In 1910, 27 Griffith street Coolangatta was home to Gordon’s Garage. A full service fuel and car repair mechanic. Fast forward to 2020, the history of the site has been remembered with the building being named the Gordon’s Garage Business Centre with Butlers Accountants now calling this home.

09.01.2022 With only 4 more weeks until EOFY, be sure you are EOFY ready with our weekly Tax Saving Series.

09.01.2022 GPS Log Books are now available ! We have been trialing GPS log books and cannot recommend them enough. Simply plug into the power outlet of your car and it immediately begins logging every trip to generate ATO log books. Data can be synced with web software via a USB on your computer. Update your logbook now ! Call Butlers Accountants on 07 5536 2288 to receive our special price of $110.

08.01.2022 What are the economic impacts of COVID-19 for small business and how can the ATO's stimulus incentives benefit small business now?

08.01.2022 http://createsend.com/t/r-BA6B38C2FB1687202540EF23F30FEDED

08.01.2022 With only 6 more days until EOFY, charitable donations are a great tax deduction but be careful who you donate to!

06.01.2022 Stay up to date with all the news from Butlers Accountants.

06.01.2022 We have provided all the handy links for Business / Sole trader and Individuals for stimulus support including JobKeeper and Rental Relief.

04.01.2022 Digital Grants Available for Queensland Small Business The Queensland Government has made grants of up to $10000 available to all Queensland based eligible small businesses to fund enhancing digital capabilities for your business. Some areas funding will be provided include: 1. Content Development - for Web pages, mobile apps, visual and audio media,... 2. Receiving payments or selling online 3. Specialised digital technology or Software 4. Digital planning, Marketing Strategy development and training To be eligible you must have 20 Employees or less and have a turnover of less than $2 million. This is a great incentive to update your website, develop an app for your business or utilise some new online shop technology ! Applications close on 10 April 2017 and can be submitted online http://www.business.qld.gov.au//advi/grants/digital-grants

03.01.2022 In 1910, 27 Griffith street Coolangatta was home to Gordons Garage. A full service fuel and car repair mechanic. Fast forward to 2020, the history of the site has been remembered with the building being named the Gordons Garage Business Centre with Butlers Accountants now calling this home.

02.01.2022 Our weekly Business Update 4 weeks into COVID-19... plus Jobkeeper Cashflow implications.

01.01.2022 Twelve months on from the start of Covid and Brendan Collins takes a look at the property and finance markets.

01.01.2022 The government has announced cuts to personal tax rates, the new JobMaker scheme and more in our news update