CMS Accounts | Local service

CMS Accounts

Phone: +61 427 586 366

Add/Update information

Reviews

Tags

• Businesses
• Local service
• Business service
• Business consultant

23.01.2022 WARNING: EMAIL SCAM ALERT! Keep an eye on your inbox for a new email scam like the example below. The email contains a malicious link that looks like our we...bsite do not click the link or reply to the email! Forward the email to us at [email protected] and then DELETE it from your inbox and sent items. Scam activity is common at tax time remind your family and friends to stay alert. If youre ever unsure about the validity of an email, SMS or phone call claiming to be from us, contact our scam hotline on 1800 008 540 or visit https://ato.gov.au/scams

22.01.2022 Simpler BAS is here, will your software work? - http://ow.ly/G46J30cJclj

22.01.2022 Ensuring you have enough super when you retire is important....

21.01.2022 Are you a cleaner or courier? Theres tax reporting changes you need to know about.

21.01.2022 A lot of the bookkeeping tasks conducted today fall under BAS Services, which means that unless a bookkeeper is a Registered BAS Agent they are unable to perform any tasks which fall under this category, as per the Tax Practitioners Board. BAS service is defined in the Tax Agent Services Act 2009 (TASA) as: ascertaining or advising about the liabilities, obligations or entitlements of a client under a BAS provision; or... representing a client in their dealings with the Commissioner of Taxation in relation to a BAS provision; and where it is reasonable to expect a client will rely on the service to satisfy liabilities or obligations or to claim entitlements under a BAS provision. The term BAS provision is defined in Income Tax Assessment Act 1997 as: Part VII (collection and recovery only) of the Fringe Benefits Tax Assessment Act 1986 the indirect tax laws, including the goods and services tax (GST) law the wine tax law the luxury car tax law the fuel tax law, and Parts 2-5 and 2-10 in schedule 1 of the Tax Administration Act 1953, which are about the pay as you go (PAYG) system. The TASA also provides that the Tax Practitioners Board may, by legislative instrument, specify that another service is a BAS service. There are significant civil penalties for anyone providing BAS services for a fee or reward, or advertising BAS services, while unregistered. Whoa thats a mouth full, but clearly you can see why its so important to ensure you are engage a bookkeeper who is also a Registered BAS Agent!

19.01.2022 BAS tip: Check twice to make sure you only have to lodge once! Avoid common BAS errors by checking all invoices are correct, claiming for the current tax period..., and confirming the amount calculated on your BAS is what you expect. We have lots of handy tips to help you get your activity statement refund on time! Visit https://www.ato.gov.au//Repo/GST---avoiding-common-errors/

17.01.2022 Small businesses: Are your employees driving work cars? Make sure you keep records.

16.01.2022 This is great news for both businesses and bookkeepers...

15.01.2022 Further details to be provided, but today the government announced a penalty free amnesty for late payment of super - http://ow.ly/za6V30k9EOQ

13.01.2022 What challenges have you faced in your business? How did you overcome them?

12.01.2022 New to owning a rental property? Exciting times! Its important to get your tax right from the start, and were here to help. Check out our series of easy-to-fo...llow videos to better understand the tax implications of buying, owning and selling a rental property. Watch the introduction below and view more at https://www.ato.gov.au//Rent/Rental-Property-video-series/ See more

11.01.2022 Its time to get serious about keeping records of staff hours and wages - http://ow.ly/Lxk930ajDJJ

11.01.2022 ICB have discussed with the ATO the issues being reported that many BAS Agents are having trouble accessing Activity Statements on the portal - http://www.icb.org.au/news/home/ato-portal-issues/a/7092

10.01.2022 Should I invest in a bookkeeper? Benefits for small businesses http://bit.ly/2lClt5R Inside Small Business

09.01.2022 Working from home? You may be able to claim a portion of your home office expenses on your tax return! This could include deductions for: Office equipment ... Work-related phone calls Internet access charges Heating and cooling Lighting your home office Repairs to furniture and fittings Cleaning. Keen to find out more? Head to https://ato.gov.au/homeoffice or chat to your registered tax agent.

09.01.2022 Payment summary preparation is nearly upon us. There are many tasks you can do now to make the preparation and issuing of payment summaries by 14 July easier! - http://ow.ly/VBkx30cpLuY

08.01.2022 Good bookkeeping is an integration of business systems and financial accounts to provide the business owner with insights they can use to run their business well - http://ow.ly/1aG630e42vl

08.01.2022 Small businesses: If you have a GST turnover of less than $10 million, less GST information is now needed on your BAS. Check out our Simpler BAS GST bookkeepin...g guide for help with the most common and misunderstood GST transactions at https://ato.gov.au//Sim/Simpler-BAS-GST-bookkeeping-guide/ See more

08.01.2022 Are you a cleaner or courier? There's tax reporting changes you need to know about.

07.01.2022 Heres why a GREAT bookkeepers value isnt in dollars , but sense!

07.01.2022 Record keeping is so important yet so many businesses fail at it.....

06.01.2022 Renting out your property? Remember, no record = no deduction! Keep good records for your rental property to make life easier at tax time. Learn what to hold onto and for how long at https://www.ato.gov.au//Publicati/Rental-properties-2016/

05.01.2022 Acceptable Versions of the PAYG Withholding Payment Summary Annual Report Specification for the 1617 Financial Year http://ow.ly/Zy1W30cxxpN

05.01.2022 If youre on the road for work, you may be able to claim deductions for car expenses if you use your own vehicle for work purposes. You can choose to claim us...ing the cents per kilometre method, or the logbook method. Work out whether youre eligible to claim and which method is best for you at https://ato.gov.au/carexpenses

04.01.2022 The Fair Work Commission has announced a 3.3% increase to minimum wages from 1 July, 2017 - http://ow.ly/chtd30d0m7w

04.01.2022 New GST CODES to make it easier for businesses.

03.01.2022 Test your tax time knowledge! Heres a list of 10 deductions you (probably) cant claim: 1 Travel between home and work. 2 Car expenses for transporting bul...ky tools or equipment, unless theyre required to do your job, your boss needs you to transport them, and theres nowhere to store them at work. 3 Car expenses that have been salary sacrificed. 4 Meal expenses for travel, unless you were required to work away from home overnight. 5 Private travel. Taking a work trip that includes personal travel? Claim the work-related portion only. 6 Everyday clothes you wear to work (eg a suit or black pants). To legitimately claim a uniform, it needs be unique and distinctive. 7 Higher education contributions charged through the HELP scheme. 8 Self-education expenses if the study doesnt have a direct connection to your current job. 9 Private use of phone or internet expenses. Up-front deductions for tools and equipment that cost more than $300. Youll need to spread these deduction claims over a number of years. Find out more and get your claims right https://ato.gov.au/deductions

02.01.2022 Sole traders: Are you lodging your tax return online? Watch our how-to video for help completing the business section in myTax. Find out more at https://ato.gov.au/b/reports-and-returns/income-tax-return/

02.01.2022 Cash flow concerns? Join our free online course and learn how to take control of cash flow in your business.

01.01.2022 In a landmark ruling, the Fair Work Commission has granted millions of casual workers rights to convert to permanent employment if they work regular hours over 12 months. - http://ow.ly/EEwU30enzZw

01.01.2022 The Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) Legislative Instrument 2017 was registered on Monday. This instrument... allows corporate card holders to claim GST credits without holding a tax invoice in certain circumstances. Follow the link to find out more: https://www.legislation.gov.au/Details/F2017L01018