Clear Vision Accountancy Group in Toowoomba, Queensland | Business consultant

Clear Vision Accountancy Group

Locality: Toowoomba, Queensland

Phone: +61 7 4688 2500

Address: 275 Ruthven street 4350 Toowoomba, QLD, Australia

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

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23.01.2022 Business Alert at 9:00am With CVA - Caribbean versus ATO According to the ATO's data, Montserrat, a British Overseas Territory in the Caribbean has an estimated population of just under 5,000 however it has over $7,500 Australian bank accounts with a total balance of close to $340 million. The ATO is warning taxpayers to come clean with foreign income noting that its Common Reporting Standard (CRS) participation has given visibility over foreign account information and allowe...d it to track those who failed to declare worldwide income. We drew inspiration for this article from Jotham Lian at Accountants Daily

20.01.2022 Business Alert at 9:00am With CVA - Coronavirus Grants Tax-Free A new bill has been introduced that ensures state and territory grants issued in response to COVID are not subject to income tax. These relate to small and medium business grants announced on or after 13 September and only for those entities with an aggregated turnover of less than $50 million.... This bill is yet to pass both houses but we will keep you updated. We drew inspiration for this article from Jotham Lian at Accountants Daily

18.01.2022 Business Alert at 9:00am With CVA - Filling the Bucket List Bucket lists have gone by the wayside in the last 6 months but we think it's time to revisit them. We host a great session with clients called Dream it. Plan it. Get it! Which is exactly what it sounds like.... Together we look at your goals for the next 12 months, your 3 year goals, 5 year and 10 + years and it's wonderful to see so many of these plans and goals come into fruition. Dream it. Plan it. Get it! is about your personal goals, the ones your business will help you achieve. Over the years of conducting these our clients have built pools, bought cars, put kids through school and even bought work sheds. We believe if you don't have a bucket list, you sometimes forget what you're working so hard for. We're taking bookings now so if you're curious to see how it could work for you, please give us a call, you might just get what you want.

14.01.2022 Business Alert at 9:00am With CVA - Xero Tax Tables Xero product team have advised us that they have released and updated the PAYG tax tables which means the new tax rates will apply automatically for all future pay runs. If you have an existing pay run in draft, please reset this to ensure the update pulls through.... Feel free to contact us if you have any questions.

12.01.2022 Business Alert at 9:00am With CVA - Good news for Superannuation The recently introduced catch-up for concessional contribution (CC) could be more than $25,000 in this 2020 year. Basically under the new concession, any unused CCs cap amount for 2019, can be carried forward. For example, where an eligible individual only used $10,000 of their CCs cap for the 2019 income year, they will have $15,000 unused and that $15,000 can now be carried forward and added to the 2020 CCs ca...p of $25,000 which effectively means they now have $40,000. This is an example only. There are certain conditions that need to be met which we would be happy to discuss with you but this is good news for those of you who can see a way of benefiting from this introduction. We look forward to discussing this with you in more detail.

06.01.2022 Business Alert at 9:00am With CVA - Small Business Lending The government announced a reform to credit regulations with the hope to reduce the extensive information and checks required by lenders to speed up the loan approvals and inject credit into the economy. Subject to the passing of legislation, these measures are set to commence on the 1st March 2021.... Some small businesses have struggled to access credit, especially where it's difficult to separate business from their household. Time will tell how this will go and we will of course keep you updated. We drew inspiration for this article from Jotham Lian at Accountants Daily

05.01.2022 Business Alert at 9:00am With CVA - Pay Attention Pay attention to your body signals - Headaches aren't always a sign of dehydration or an aching neck is not always caused from sleeping on it the wrong way. These can be signs of accumulated stress & anxiety. Burnout manifests in our body, so learn to pay attention to your body's signals so that you can nip burnout in the bud.... Your body is always talking, but we're not always listening. It's important to stop, listen and act.

05.01.2022 Business Alert at 9:00am With CVA - Not Even COVID Can Halt this Race The race that stops a nation is happening and whether you're getting dressed to impress and heading out for champagne & lunch or you're grabbing a hot chook & coleslaw, we hope you enjoy yourself and perhaps even have a win. Life's too short to not add a little something to your day - 2020 has certainly shown us that.

01.01.2022 Business Alert at 9:00am With CVA - Asset Write-off Warning The Australian Taxation Office has cautioned businesses against taking advantage of the expanded asset write-off scheme. We're asked by the ATO to follow the tax law, but to also follow the spirit of the law as there won't be a lot of sympathy for businesses seen to be exploiting loopholes. Use it for what it's meant to be used for; investing in your business to assist in economic growth.... Always best to play it safe, do the right thing & call us if you're not sure. As you know we're here to support you & your business. We drew inspiration for this article from Jotham Lian at Accountants Daily

01.01.2022 Business Alert at 9:00am With CVA - ATO says thanks The ATO has heaped praise on accountants and bookkeepers for supporting clients through this pandemic. It has been and continues to be a very stressful time so it's nice to hear that the Tax Office hasn't underestimated the impact of COVID-19 on our profession.... Staying on top of government stimulus packages and how each and every one of our clients can access the help they need has been a massive undertaking so like everyone, it's nice to feel appreciated. Remember to take the time to appreciate your team and your support network, they deserve it. We drew inspiration for this article from Jotham Lian at Accountants Daily