Cerra Business Services in Melbourne, Victoria, Australia | Business service

Cerra Business Services

Locality: Melbourne, Victoria, Australia

Add/Update information

Reviews

Tags

• Business service
• Tax preparation service
• Accountant
• Financial service

22.01.2022 TAX TIME!!! Now is the perfect time to move accountants. Why have an accounting firm complete your tax returns and charge you premium prices? We are all having cash flow problems. That is why it is a great time to come have a chat to me. Get premium service at a reasonable price!!

21.01.2022 JobKeeper + Victorian Business Support Fund | JobKeeper - Tomorrow is the final day that you can enrol into JobKeeper and lodge April 20 Monthly Declaration. This is to enable your entity to receive the $3,000 per elibilge employee for the month of April. This includes eligible business participants also. Note, that you would have had to pay your employees $3,000 already for the month of April by 8 May 2020. PLEASE...do not do anything dodgy to try and claim JobKeeper.... There are some firms out there that will backdate payroll, or go back and register directors as employees (if there are multiple directors) just so they can be on the books and be eligible employees. This is a VERY risky move and, if caught, can lead to heavy penalties from the ATO. Victorian Business Support Fund - Monday is the final day to apply for the $10k grant. The criteria for this has changed: 1) Employ people; and 2) Have a turnover of more than $75,000; and 3) Have payroll of less than $650,000; and 4) Hold an Australian Business Number (ABN) and have held that ABN at 16 March 2020; and 5) Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020, and 6a) For Stream One - operate in an industry sector that has been subject to closure or highly impacted by the restrictions announced by the Victorian Government External link (opens in same window); OR 6b) For Stream Two - be enrolled as eligible participants in the Commonwealth Government’s JobKeeper External link (opens in same window) payment scheme. The important change is that they have now included stream 2, which means if you satisfy eligibility criteria 1-5 and you are enrolled in JobKeeper, then you are able to apply for this grant. Any further details about the grant please see the link below:

21.01.2022 OCTOBER 31 Don't forget that the October 31 lodgement deadline is creeping up. Most individuals that do not have a tax agent will need to ensure their tax returns are completed. If you have a tax agent prepare your tax return then you may be eligible for an extension. If you are finding it hard to get your tax returns completed by 31 October and, you suspect you are in a payable position, please contact me.

19.01.2022 CRYPTO UPDATE | Please be careful and make sure you know your tax obligations when exchanging cryptocurrency (e.g bitcoin). The Australian Taxation Office (ATO) have done some extensive data matching, which has resulted in up to 350,000 individuals being contacted by the ATO. In the letter it states "Information provided to us indicates you may have disposed of cryptocurrency in the 20XX financial year. If you exchanged cryptocurrency for goods, cash or other cryptocurrencie...s then this is normally considered a disposal for the purposes of capital gains tax. You may need to include a capital gain or loss in your income tax return. We're giving you the chance to fix any mistakes now. If we audit you and find you haven't reported your capital gain or loss correctly, we may charge you a penalty." You will have 28 days to maned your income tax return to avoid penalties, so please make sure that you attend to this!!

18.01.2022 Hi Everyone, Just a small side note...Come support my wife and her online business. With mothers day only about 13 days away, there are some really great products that she sells. I am using them also, and I can tell you that my face feels quite refreshed. I was always a skeptic about these kind of products but I actually really like them!! Please visit her page Luisa's Pop Up Shop...it's a private page so please message Luisa Cerra so she can add you!!

17.01.2022 JOBKEEPER | If you are an entity that is eligible for JobKeeper, please do not forget that you have to pay your eligible employees by 8th May!! If you fail to pay your employees then you will not be eligible for JobKeeper for the month of April. Remember, it is a minimum of $3,000 per employee.

16.01.2022 JOBKEEPER!! The last payment for JobKeeper 1.0 must be paid on or before 27 September 2020. After this, you will need to determine if you qualify for JobKeeper Extension. The JobKeeper Extension has a few more trickier parts than JobKeeper 1.0, such as: 1) Determine actual GST Turnover 2) Determine correct pay rate tiers for your employees... 3) Determine the hours worked for your employees to determine if they are eligible 4) If you cannot use the basic test then you can try using the alternative test There will be a lot more work involved to determine eligibility so it is important that you get this right!! See more

16.01.2022 FINANCIAL PLANNER The best part about my job is being to network with some amazing people. Over the past year since I have started my own business I have come across a fantastic financial planner, Roman Zemlinsky, who is extremely wise and knowledgable. He has been in the industry for a very long time. The best part about Roman is that he is there to listen and understand all your financial needs. If you are in need of a financial planner, who will invest your money wisely,... then look no further than Roman. Linkedin: linkedin.com/in/roman-zemlinsky-67689754 Email: [email protected]

15.01.2022 SMALL BUSINESS ASSISTANCE | This is a good little grant that small businesses are able to obtain, which was announced on 28 March 2020 by the Victorian Premier. The grant is for $10,000 that will be available to small Victorian business operators that employ staff. To be eligible to apply for the grant, the business will need to: employ staff; hold an ABN as at 16 March 2020 and have turnover of greater than $75,000 for the 2020 financial year;... have annual wages of less than $650,000 in the 2020 financial year; and have been directly impacted by Government closure measures. If you are eligible for the grant make sure that you apply before 1 June 2020. Please contact me if you have any further queries, however in the meantime here is a link to apply for the grant with more information. See more

12.01.2022 GOOD NEWS - STIMULUS PACKAGE | We are all going through extremely challenging times, especially for the economic environment. The Federal Government has released a stimulus package which is designed to boost spending and investments across the economy. This was announced today and I believe it is good news for many people. The stimulus package measures include: Increasing the instant asset write-off for businesses (Now $150,000 threshold!!!!!!) Increasing tax depreciatio...n deductions for new investment assets made by business Cash assistance to businesses Supporting apprentices and trainees Household stimulus payments Assistance for regions severely impacted by Coronavirus Please read the latest bulletin from Banks Group to find out more about each of these measures.

12.01.2022 JOBKEEPER | Good news for many businesses and also employees. On 8 April 2020, the Government passed legislation to establish the framework for implementing the JobKeeper payment stimulus measure which will provide eligible businesses with a payment of $1,500 per fortnight per eligible employee of the business. On 9 April 2020, a separate Legislative Instrument was released which outlines further specific details of the measure. The main steps in determining the JobKeeper Su...bsidy is: 1) GST Turnover will need to decrease by 30% from prior year comparative. This is either done using the comparative month (i.e. March 2019 vs March 2020, April 2019 vs April 2020 etc) or quarter (Jun 19 BAS quarter vs Jun 20 BAS quarter, Sep 19 BAS quarter vs Sep 20 BAS quarter) 2) Determine your eligible employees and provide them with a JobKeeper Nomination Form and have it signed and returned by 30 April 2020 3) Enrol in the JobKeeper Subsidy scheme on the ATO portal (you or your accountant can do this) 4) Pay your eligible employees at least $3,000 by the end of April 2020. This may mean you might need to top them up if they receive less than $3,000 per month (some software providers, like Xero, already have a payroll code for this) 5) Keep up your monthly JobKeeper Declaration See the ATO link below for further information or contact me for assistance

11.01.2022 COVID-19 | I hope everyone is ok and coping in this troubled time. Please be mindful of others in the community. We do not need to 'panic buy' and clean all the shelves of products, as those that are in desperate need are not able to purchase their bare essentials. We need to be more considerate and help those around us. If we work together as a community then we can get through this unprecedented time.

10.01.2022 JOBKEEPER!! Just remember that you only have 5 more days to lodge your June 20 monthly declaration for JobKeeper. Don't miss out!!

09.01.2022 JOBKEEPER PAYMENT | This is a great incentive by the Federal government. For all those businesses that have employees this is a great way to keep them on the books and they get paid also. This announcement was made on 30 March 2020 and the wage subsidy will provide employers with a fortnightly subsidy of $1,500 per employee for a maximum period of 6 months. The subsidy will commence to be paid by the Government to eligible employers from the first week of May 2020 but will b...e retrospectively calculated from 30 March 2020. In order to apply for the wage subsidy, there are various tests that need to be satisfied. See the link and take a read of the treasury. Any questions please contact me!! See more

09.01.2022 SPECIAL TOPIC - COPPER | Are you a police officer? There are lots of deductions that you can claim, such as: Meals and Travel (i.e travelling between two workplaces) Tools and Equipment ( i.e. cost of repairing your equipment) Self-Education (i.e. attending seminars, conferences etc) Informant Expenses, if not reimbursed... Home Office (if you do some work from home) Union and professional fees Fitness expenses, such as gym memberships are private in nature, however there are some police officers that are required to maintain a very high level of fitness well above the general standard. This may include special emergency squads, diving squads, police academy physical training instructors, and police officers who work regularly with police dogs and train them. The ability to claim grooming expenses is a myth. According to the ATO you cannot claim expenses for hairdressing, cosmetics, hair and skin care products. These are private in nature. The above is only general advice. If you wish to discuss anything further or would like the assistance of Cerra Business Services to complete your taxation requirements, please contact me.

09.01.2022 JOBKEEPER Today is the last day to lodge your July 20 monthly declaration. Do not forget or else you may miss out on your JobKeeper payment!!

08.01.2022 NEW WAGE PROVISIONS | The Fair Work Commission’s new annualised wage provisions are set to take effect from the first pay period. This first pay period will be starting on or after 1 March 2020. Employers, please be aware!! So for example, if an employee's fortnightly pay starts on Thursday, 27 February 2020, these new rules won't start until Thursday, 12 March 2020 If an applicable award covers your employees, your obligations for recording employee hours and paying salaries... are going to change. The following awards will be affected by the new provisions from 1 March 2020: Banking, Finance and Insurance Award Broadcasting Award Clerks Award Contract Call Centres Award Horticulture Award Hydrocarbons Industry (Upstream) Award Legal Award Local Government Award Manufacturing Award Mining Award Oil Refining and Manufacturing Award (clerical employees) Oil Refining and Manufacturing Award (all other employees) Pastoral Award Pharmacy Award Rail Award Salt Award Telecommunications Award Water Award Wool Award Major fines will apply for businesses that are non-compliant. These businesses will be exposed to fines from the Fair Work Ombudsman. The maximum penalties will be $63,000 per breach for businesses and $12,600 per breach for individuals. Please read the link. See more

08.01.2022 NEARLY TIME! It is nearly time for the 2020 tax year to be over. Don't overpay for accounting services from big firms, who end up over charging and having a graduate do the work for you. I am a one man team but I provide high quality, personalised service. It is not about just pushing out your tax return, it is about building a relationship and feeling comfortable. If you are in need of a new accountant please contact me!!

06.01.2022 ACCOUNTANT | If anyone is looking for a fully qualified tax accountant then look no further!! I have been in the industry for nearly 8 years and I provide a personalised service. If you feel that you are not getting the service you need or want from your previous accountant then it most likely means it is time for a change. A lot of accounting firms will just get their juniors to do the work and the director may have a 5 minute glance at everything. They probably don't even... know if you are Arthur or Martha (My mum's little saying!!). Tax season is fast approaching so if you feel that 2020 is the year you would like someone new to do your tax returns or financial statements then please reach out!!

05.01.2022 STAY POSITIVE | As we continue to adapt to the lockdown measures, businesses still continue to take a hit. The attached is a framework to help business owners see their situation through a different lens and move upward. As a sole trader I understand how hard it is to try and run a business in this current environment. However, as a community we can all help each other out. Stay positive!!

05.01.2022 Hi Everyone, I hope you all survived the sweltering weather today!! If anyone is in need of an accountant that is professional, will go the extra mile and affordable then look no further. I can assist many different businesses and also individuals.... There is no need to pay premium prices to accounting firms, especially while we are still impacted by COVID. They just churn out your work and most of the time you won't hear from them again. I want to build a relationship with you. My clients hear from me out of the blue because I check up on them to see how they are going. I want to be the person that watches your business grow. So I am ready to get started and help you with your tax and accounting needs!! Contact me and lets build that relationship

04.01.2022 WARNING - SMSF MISTAKES | The Australian Taxation Office (ATO) has revealed the top five most common errors made when preparing and lodging self-managed superannuation fund (SMSF) annual returns (SARs): Bank account not unique to the SMSF Providing an incorrect electronic service address (ESA) Not valuing SMSF's assets at market value Trying to lodge with zero assets... Lodging a SAR without auditor details See more

04.01.2022 NEW LOGO!! I am excited to release my new logo for my business!! It has been in the works for a while and I really love it!! In saying that, if you are in need of an accountant or knows anyone that would like one that is professional, cares about you and your business, and provides a personalised service then reach out to me!!

03.01.2022 STIMULUS DETAILS | Businesses are individuals are doing it tough at the moment, especially amid the forced closure of Australian non-essential businesses, social distancing and consumer sentiment. During the weekend of 21 and 22 March 2020, the Victorian State Government released their stimulus package and the Federal Government released a second round of stimulus measures to further expand the measures it initially introduced last week. The stimulus measures being introduced by Government are evolving and certain specific details are still to be released as and when legislation is released (expected to be this coming week). I will endeavour to provide further releases as and when new information is made available.

02.01.2022 JOBKEEPER Today is the last day of August already!! Time to get your books in order, ready to lodge August 2020 Monthly Declaration. Please note that there is a new employee eligibility test called the 1 July 2020 test. This is mainly targeting those employees that have started a new job elsewhere prior to 1 July 2020 and where not eligible for 1 March 2020. It also targets those long term casuals who may have missed out also at 1 March 2020 because they just where shy of... the 12 month period. JobKeeper 2.0 will be happening soon, however there is nothing official on the ATO website! Please see link below for the 1 July 2020 test https://www.ato.gov.au//JobKee/Employee-test-requirements/

01.01.2022 Hi Everyone, I hope that you are all keeping safe and practising social distancing. Remember, there have been 2 stimulus packages released from the government. If you want to know more information about it please message me. Thanks Anthony