Carr Barnett Accountants in Frankston, Victoria | Business service

Carr Barnett Accountants

Locality: Frankston, Victoria

Phone: +61 3 9783 6666

Address: Level 2 / 454 Nepean Highway 3199 Frankston, VIC, Australia

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

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• Business service
• Tax preparation service
• Accountant

22.01.2022 Keep your diary

22.01.2022 As we enter our 4th week working from home, here are a few tips to help with not only isolation but the feeling of isolation. We have been using Microsoft teams. Others are using Zoom, facetime, messanger, Slack and googlemeet. We have a morning meeting every day at 9am to discuss work, have a chat, a laugh and help keep us connected. Stay safe, take care and look after each other. We are all in this together.

21.01.2022 The Vic Govt is providing vulnerable Victorian households with a $250 Power Saving Bonus. https://compare.energy.vic.gov.au

21.01.2022 As the Coronavirus (COVID-19) situation continues to evolve, our priority is to continue providing the best client service whilst protecting the health and safety of our clients, their families and our team. As a precautionary measure for the time being we will not be holding any meetings with clients until further notice and request that all enquiries be made via email or phone. Please do not visit the office, phone us if you need to hand in bulky documents. It is possible ...that in the near future our staff will be working from home. We are very fortunate that the processes and technology that we use make it possible for us to continue working offsite. Staff have been using the working from home process for some time so we know it will be as streamlined as possible. We are confident that you should experience a business-as-usual service during this uncertain period. Take care, stay safe and look after each other From the Team at Carr Barnett Accountants

20.01.2022 Be kind and understanding We are all in this together

18.01.2022 Many Charities have also been hit hard by the pandemic and their donations and volunteering have plumetted when they need it most. This June dont forget the struggling charities. Its a good time to make a tax deductible donation if you can afford it.

16.01.2022 During these uncertain times, we are thrilled to be recognised again by the Australian Taxation Office with another certificate of performance after substantially exceeding the minimum 85% on time lodgement requirement. With the help of our wonderful clients we pride ourselves on assisting them meet all ATO lodgement deadlines as they fall due and this has not changed with Covid.

15.01.2022 Great News announced. Tax cuts have been brought forward to 1 July 2020.

15.01.2022 https://www.coronavirus.vic.gov.au/six-principles-covidsafe

15.01.2022 Congratulations to Rachel Rice on 20 years at Carr Barnett. During this time, she has completed her CPA, Public Practice Certificate and become a director. Rach brightens up the office every day with her great attitude and smile and is loved by all our clients and our team.... A massive achievement, we look forward to celebrating when we all get back in the office together again

14.01.2022 This October, Rachel Rice is walking to make a difference to the lives of people touched by mental illness and suicide! If you can spare a few dollars to help out that would be great.

14.01.2022 Is your business in a hotspot and had to return to stage 3 restrictions? You may be eligible for a $5000 grant.

12.01.2022 Funny Friday Have a great weekend everyone

12.01.2022 Dont be scammed

11.01.2022 The Government will allow eligible individuals affected by the Coronavirus to have up to $10,000 released from their superannuation before 1 July 2020. A further amount of $10,000 may be withdrawn for the period 1 July 2020 to 30 September 2020. An individual is eligible for early release if they satisfy any one or more of the following requirements: 1. they are unemployed; 2. they are eligible to receive a job seeker payment, youth allowance for jobseekers, parenting payment... (which includes the single and partnered payments), special benefit or farm household allowance; or 3. on or after 1 January 2020: the individual was made redundant; the individuals working hours were reduced by 20 per cent or more; or if the individual is a sole trader their business was suspended or there was a reduction in their turnover of 20 per cent or more. Amounts released from superannuation under this temporary measure are tax-free and the amount withdrawn will not affect Centrelink or Veterans Affairs payments. https://www.ato.gov.au//withd/early-access-to-your-super/

10.01.2022 SCAM ALERT Were seeing a growing number of people making large payments for fake tax debts. Dont get caught! These phone calls will tell you that you owe ...money and need to pay it straight away or youll be arrested. The scammer will try to keep you on the line until you pay, often by unusual methods such as bitcoin, pre-paid credit cards or gift cards. If you get a call like this, hang up and dont provide any info. Well never: threaten you with immediate arrest send unsolicited pre-recorded messages to your phone keep you on the line until a payment is made request payment of debts via bitcoin, gift cards or other vouchers. Warn your family and friends to stay alert and visit our scams page to learn more: www.ato.gov.au//online-services/i/verify-or-report-a-scam/

09.01.2022 The Victorian government has now opened up the Business Support fund to more small businesses to access the $10000 Grant. Stream One targets small businesses that meet the standard eligibility criteria and operate in industry sectors that have been subject to closure or highly impacted by COVID-19 shutdown restrictions announced by the Victorian Government. ... NEW. Stream Two provides support to small businesses in any other sectors that meet the standard eligibility criteria and are enrolled as eligible participants registered to receive support through the Commonwealth Governments JobKeeper Payment scheme. A reminder that this will be audited. You must apply before 1 June 2020.

09.01.2022 Just a quick update on what we announced today for renters and landlords: We've extended the ban on evictions and rental increases until the end of the year s...o if you fall behind or you're doing it tough because of coronavirus, you can't be evicted. And we've boosted new residential Rental Relief Grants up to $3,000 for tenants and landlords too if you've already received a $2,000 grant, you could be eligible for an additional $1,000. Land tax relief has doubled to 50% for eligible landlords, and a new $60 million relief fund has been established for small commercial landlords struggling to cover their costs. We're making things fairer for small business owners too, and rent reductions will now be based on the financial situation of each business. And the Small Business Commissioner now has new powers to enforce rent reductions where an agreement can't be reached. We don't want people worrying about the roof over their head or stressing over the rent right now. And these changes give Victorians a bit of extra security while we fight this pandemic.

09.01.2022 COVID-19 STIMULUS KEY MEASURES ANNOUNCED - Increasing the tax-free stimulus payment for businesses that employ workers,from a minimum of $20,000 up to a maximum of $100,000 - Victorian businesses that pay Payroll Tax will have all Payroll Tax paid to date for the 2019-20 financial year refunded to them where their annual taxable wages are less than $3 million. They will also not incur Payroll Tax for the remainder of the financial year - The Government is supporting small b...usiness to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage paid during the 9 months from 1 January 2020 to 30 September 2020 - Sole Traders whose turnover drops by more than 20% or whose work has been suspended, workers made redundant, those who are unemployed, or those eligible to receive a job seeker payment, youth allowance or parenting payment, will qualify for tax free early access to their superannuation. Those eligible will be able to access up to $10,000 before 1 July 2020, and up to $10,000 from 1 July 2020 - A host of measures aimed at welfare recipients, including a reduction in Centrelink deeming rates, a $550 fortnightly coronavirus supplement (payable for 6 months), an additional one-off stimulus payment of $750 - assistance with Small Business loans, whereby the Government will guarantee up to 50% of the loan on behalf of the business. This is aimed at freeing up funding from banks to small businesses. - reduction in the Minimum pension drawdown requirements. See more

08.01.2022 Deduction for vehicle expenses disallowed. In a decision of the AAT, a taxpayer, Mr Bell, was a denied a deduction for $21,565.73 of work-related vehicle expenses for the 2016 income year. Mr Bell contended that he was required to use his vehicle to transport heavy/bulky goods (tools) between his home and his workplace and to collect supplies and equipment from hardware stores while travelling between his workplace and his home.... Ordinarily, travel from home-to-work (and back again) is considered non-deductible. However, if an employee is required to carry heavy/bulky equipment for which there are no secure storage facilities at work, the travel between home and work with the heavy/bulky equipment can be considered deductible. Unfortunately for Mr Bell, evidence before the Tribunal indicated that there were safe and secure storage facilities for his tools (the bulky/heavy equipment) at the worksite. Accordingly, Mr Bell was unable to rely upon the ‘bulky goods’ exception to recharacterise home-to-work travel as being a deductible work expense. Instead, it retained its ordinary private and non-deductible status.

06.01.2022 The team at Carr Barnett would like to wish you all a Safe and Happy Easter. We are all still working remotely from home and will be back on Tuesday to answer your emails and calls. Remember if you can stay at home you must stay at home. Take care, stay safe and look after each other.

05.01.2022 To access HomeBuilder, owner-occupiers must meet the following eligibility criteria: you are a natural person (not a company or trust); you are aged 18 years or older; you are an Australian citizen; you meet one of the following two income caps:... $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or $200,000 per annum for a couple based on both 2018-19 tax returns or later; you enter into a building contract between 4 June 2020 and 31 December 2020 to either: build a new home as a principal place of residence, where the property value does not exceed $750,000; or substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million; construction must commence within three months of the contract date and be completed by an unrelated builder licensed at 4 June Must be principle place of residence See more

05.01.2022 This is now how our morning staff meetings will look. In these uncertain times the health and safety or our team, family and clients is our priority. Due to this we have made the difficult decision to have our team work remotely from their homes until further notice.... This means that our office is closed and our phones will be unattended. We will be checking our messages and mail box regularly but advise that our preferred method of communication is via email to [email protected] We will continue to process your tax returns, accounts, BAS and respond to questions. If you are not already using our online portal email Alison (who is not in the photo but is also working from home) at the email above and we can get you set up. Please be patient in waiting on our replies and keep safe. Take care The Carr Barnett Team

05.01.2022 JOBKEEPER PAYMENT New Response from the Federal Government to assist in the economic impact of the Coronavirus in Australia: Affected employers including not-for-profit entities and self-employed individuals will be eligible to claim a fortnightly payment of $1,500 per employee from 30 March 2020, for a maximum period of 6 months.... Employers. Eligible Employers with turnover below $1billion If your business turnover will be reduced by more than 30% to a comparable period a year ago (of at least a month) There must have been have been an employment relationship with eligible employees as at 1 March 2020 and the employer has to confirm the eligible employee is currently engaged to receive JobKeeper payments Self-Employed individuals that meet the turnover test are eligible to apply for the JobKeeper Payments Application Process Register your interest in applying for the JobKeeper Payment via ato.gov.au/Job-keeper-payment. Currently it is requesting the Business Name, ABN and the contact details of the business. Subsequently, eligible employers will be able to apply for the scheme through an online application. Employers will need to identify eligible employees and provide monthly updates. Payments will be made 1 month in arrears Sole-traders will need to provide ABN for the business, then nominate an individual to receive the payment, provide the TFN and also a declaration as to recent business activity. They will need to provide a monthly update ot the ATO to declare their continued eligibility for the payments. If you are not yet set up for Single Touch Payroll it may be a good idea for you to set that up now. Employees. Employees will receive notification from their employer if they are receiving the JobKeeper payment. Employees with multiple employers must notify the employer that is their primary employer Employees not an Australian citizen must notify their employer of their visa status to allow their employer to determine if they are an eligible employee Employees that are currently receiving an income support payment need to advise Services Australia of their change in circumstances.

05.01.2022 Small Businesses are eligible to apply for a grant up to $10,000 through the Fund if they meet the following criteria: Have been subject to closure or highly impacted by Non-Essential Activity Directions issued by the Deputy Chief Health Officer to-date, Employ Staff Have a turnover of more than $75,000; and... Have payroll of less than $650,000; and Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020; and Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020. Applicants will be subject to audit by the Victorian Government https://www.business.vic.gov.au//gra/business-support-fund

03.01.2022 We have been using Microsoft Teams for nearly a year now. Its really helped keep our team connected during Covid

03.01.2022 Support is available for business impacted by the 5 day lockdown in Victoria

03.01.2022 The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged https://treasury.gov.au//Fact_sheet-JobKeeper_Payment_exte

02.01.2022 They shall grow not old, as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them.

02.01.2022 Melbourne restrictions

01.01.2022 There has been a lot of activity at our building over the last 3 months. Much needed upgrades to Lobby and Bathrooms. Not quite finished yet but looking great.

01.01.2022 Victoria will enter a 5 day lockdown as of midnight tonight. Stay safe and look after each other.

01.01.2022 A very sad day for Victoria. Our thoughts are with the family of the 4 officers who lost their lives while working to make our state a safer and better place to live. May you find solace at this time of great sadness knowing that our community shares your grief. RIP