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Cense Group

Phone: +61 3 6376 1222

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24.01.2022 Super Guarantee avoidance is about to be knocked down with the ATOs (Australian Taxation Office) new data weapon, STP (Single Touch Payroll). It has now been made easier for the ATO to see who are failing to pay the correct Super to their employees. Let us help guarantee that you wont become another ATO statistic.

23.01.2022 SCAM ALERT!!!! Currently there is an automated telephone scam advising people their Tax File Number will be cancelled unless they carry out various actions. Be sure to let family and friends know this is a Scam and to hang up.

23.01.2022 A wrap of what the Governments Stimulus package in response to Coronavirus means for business: Business Investment $700 million to increase the instant asset write off threshold from $30,000 to $150,000 and expand access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020 $3.2 billion to back business investment by providing a time limited 15-month investment incentive (through to 30 June 2021) to support bu...siness investment and economic growth over the short term, by accelerating depreciation deductions. Businesses with a turnover of less than $500 million will be able to deduct an additional 50 per cent of the asset cost in the year of purchase. These measures start today (legislation, if passed, will be backdated to today). Cash flow assistance for businesses $6.7 billion to Boost Cash Flow for Employers by up to $25,000 with a minimum payment of $2,000 for eligible small and medium-sized businesses. The payment will provide cash flow support to businesses with a turnover of less than $50 million that currently employ staff, between 1 January 2020 and 30 June 2020. The payment will be tax free. This measure will benefit around 690,000 businesses employing around 7.8 million people. .In terms of eligibility, businesses with a turnover of less than $50 million that withhold tax on their employees wages will receive a payment equal to 50% of the amount withheld, up to a maximum $25,000. Enterprises that pay wages will get a $2000 minimum even if they are not required to withhold tax. Businesses will receive these payments following lodgement of their BAS or IAS from 28 April 2020 with refunds to then be paid within 14 days. $1.3 billion to support small businesses to support the jobs of around 120,000 apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage for up to 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice. ATO Leniency The Government is also offering administrative relief for certain tax obligations, including deferring tax payments up to four months. This is similar to relief provided following the bushfires for taxpayers affected by the coronavirus, on a case-by-case basis.

23.01.2022 Check out the below link to learn what the ATO are doing to assist small business in light of COVID 19. IMPORTANT: These measures need to be applied for and are not automatically granted. https://www.ato.gov.au//Support-measures-to-assist-those-/

22.01.2022 There is lots of talk at present in regards to the Coronavirus. As an employer, it is important you understand your rights and responsibilities. Fair Work have released specific information. To find out more, head to https://www.fairwork.gov.au//coronavirus-and-australian-wo

22.01.2022 Enrolled in JobKeeper? Dont forget to lodge your July report by the 14th of this month.

21.01.2022 Worth a read if you intend on claiming any Home Office Expenses: If you are working from home, we would like to remind you to keep records and receipts for all home office expenses, along with a record of the hours worked from home. Keeping good records now will help to get your deductions right at tax time. Note that the hourly rate using the short cut method has been lifted to 80 cents an hour for the period starting 1 March 2020 until at least 30 June 2020 to facilitate an...Continue reading

21.01.2022 If using the ATOs super clearing House to lodge and pay Super, payments must be accepted by the 23rd of June 2020. That means, reported, lodged, paid and matched.

19.01.2022 There has been much talk regarding casual employees and leave, however it is important to know. The recent ruling only relates to that particular case, NOTHING HAS CHANGED. However it is important to ensure you have addressed the following with any casual employees: Clearly identified casual loading on payslips... Clearly articulated terms of employment in contracts Ensure employers have offered, and can prove the offer, of conversion from casual to part or full time. As always, when it comes to HR, your best friend is a professional.

17.01.2022 SCAM ALERT Beware of a new text message (SMS) scam claiming you have a tax refund. Dont click any links and dont provide any information, even if it seems... convincing. Remember, well never send an SMS asking you to access our online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

17.01.2022 Bookkeeping is much more than just data entry. At Cense our staff are qualified in a large range of practices to help keep your business running smoothly. Click on the link below or come and see us at Cense for more information. #bookkeeping #smallbusiness #homebusiness

16.01.2022 At Cense we offer more than just bookkeeping, our qualified staff can teach you more effective ways of planning and how to be proactive in your business.

16.01.2022 The latest from treasury in regards to JobKeeper 2.0. https://treasury.gov.au//Fact_sheet-JobKeeper_Payment_exte

14.01.2022 The Tasmanian Government website in regards to Covid 19. https://coronavirus.tas.gov.au/

14.01.2022 Running a business from home? Make sure you understand what you might be able to claim, and how to keep accurate records so that youre sorted at tax time. Come talk to us to make sure youre on the right track.

14.01.2022 JobKeeper has been a hot topic of late, however with the June quarter BAS due for lodgement this month we have had many conversations about the Cash Flow Boost. To better understand what it is, if you qualify and how much you may be entitled to, check out the below link. https://www.ato.gov.au//In-detail/Boosting-cash-flow-for/

13.01.2022 A few photos from our Christmas Party, we had a great day participating in an organised amazing race, breakfast and finishing off at The Social. Thanks to the team at Total Team Building for a great experience.

12.01.2022 We know things are changing quickly, however at Cense we ensure we keep ourselves up to date. Below is the latest in regards to JobKeeper 2.0

11.01.2022 This month we have seen the first round of JobKeeper payments issued. It also sees, scammers contacting employees pretending to be the ATO. Please remember, the ATO will never contact employees directly, they will always contact the employer. If you are not sure if a call is from the ATO. Hang up and call the ATO number.

11.01.2022 The Tasmanian Government have released a second round of the Emergency Business Grant ($2,500.00) for those who missed out the first time, they have also increased the number of full time employees a business might have from 20 to 25. https://www.business.tas.gov.au//small_business_emergency_

10.01.2022 Over the past few weeks, the Cense team have been working very closely with our clients to try and navigate thorough the ever changing information on Covid 19. Each day, we are reading and virtually attending various information sessions. If you have any questions, please feel free to reach out. Yesterday we made the decision to close the office until we are advised otherwise. However, it will be business as usual for us. You can contact us via email or our mobiles. Take care everyone.

09.01.2022 JobKeeper 2.0 has been passed in Parliament. Stay tuned for further details.

09.01.2022 Ignorance is not an excuse when it comes to all things employees. Fairwork have recently made some changes in relation to JobKeeper and unpaid pandemic leave. Click on the below link for the lates update.... https://www.fairwork.gov.au//important-coronavirus-updates

08.01.2022 It is still to pass legislation, however the Instant Asset Write Off of $150,000.00 will be extended for a further six months, December 2020.

07.01.2022 This years annual wage review has resulted in a 1.75% increase, however the increase will be staggered for the different awards. For further information, click on the below link. https://www.fairwork.gov.au//the-commission-has-announced-

06.01.2022 With the end of Financial year just around the corner, below is some simple information in regards to finalising your payroll year: 1. Reconcile your payroll records. 2. Complete your finalisation declaration by 31 July 2020. 3. Tell your employees:... the way they receive their payment summary is changing and it will no longer be provided by you they can access their end-of-year financial information (now called an income statement) through their registered tax agent or ATO online services using myGov, and this information will be automatically pre-filled in their 2020 income tax return if they dont have a myGov account they can easily create one using an email address and password, then link their myGov to the ATO. Get started at ato.gov.au/onlineservices if they cannot create or access a myGov account and dont use a registered agent, they can call the ATO on 13 28 61 and well provide this information to them there is a factsheet on our website to help them understand these changes, visit ato.gov.au/stpforemployees You no longer need to provide your employees with a payment summary or lodge a payment summary annual report to the ATO for payments reported through STP.

06.01.2022 Today from 12pm, Business Tasmania Small Business Sustainability and Recovery Grant Program will open and will close on Monday 24th August at 12pm. For further information, check out the below link. https://www.business.tas.gov.au/covid-19_business_/_nocache

06.01.2022 The Xero price increase has been delayed until 1st July 2020. All subscriptions from Starter Up will increase by $2.00, however Hubdoc will now be included, WINNING.

05.01.2022 Its official, Cense Group at Xerocon 2019.

04.01.2022 If you are intending to register for JobKeeper and pay employees via this method, below is the link to the Employee Nomination Notice which both Employer & Employees will need to complete. https://www.ato.gov.au//d1aab7f2-fbe8-44b8-9ec1-4885ded108 If you need any advice, please feel free to reach out to the team at Cense.

03.01.2022 Check out the Business Tas Website, great resource in regards to Covid 19. https://www.business.tas.gov.au/home

03.01.2022 Want to be able to run your business on the go? Be able to access your files from anywhere? Or want to be more eco friendly and reduce paper use? XERO can offer all that and more in a single platform. For more information, come see our qualified staff at Cense.

03.01.2022 With so many of us communicating via Zoom, there is nothing more frustrating than running late for a meeting and having to upgrade. Do yourself a favour & download the latest upgrade now. https://zoom.us/support/download

01.01.2022 E-Invoicing, a real game changer. Want to know more? check out the below link for Xeros explanation. However, in a nutshell, you can create an invoice and send it directly to your customers accounting system with all the data populated for them. https://www.xero.com//why-governments-accelerating-e-inv/

01.01.2022 Officially back at work, looking forward to getting back into the swing of things.

01.01.2022 Below, please find the link to register your interest in regards to the Jobkeeper Payment. https://www.ato.gov.au/general/gen/JobKeeper-payment/

01.01.2022 A while ago the ATO announced the "Shortcut Method" to calculate working from home, $0.80 cents per hour, this method has now been extended, meaning you will be able to continue to claim this if applicable, up until 30 September 2020. Happy Working from Home!