DMSS Business Accountants | Finance
DMSS Business Accountants
Phone: 54 537625
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25.01.2022 If you feel overwhelmed because of COVID 19 just remember you are NEVER alone. If you need a listening ear don’t forget to reach out to someone . I’m always happy to chat
23.01.2022 Fair Work has just released some information on workplace entitlements and the Coronavirus. Please see attached link
22.01.2022 New Rules for Annual Wage arrangments On 12 February 2020, the Fair Work Commission (the Commission) made determinations that added new rules about annualised wage arrangements (also known as annual wage arrangements) in the Horticulture and Pastoral Awards and changed the existing rules for the following awards: Banking, Finance and Insurance Award ... Broadcasting Award Clerks Award external Contract Call Centres Award Hydrocarbons Industry (Upstream) Award Legal Award external Local Government Award Manufacturing Award Mining Award external Oil Refining and Manufacturing Award Pharmacy Award Rail Award Salt Award Telecommunications Award Water Award Wool Award. If you employ staff under one of these awards it may be time to have another look over the awards and how these new rules may impact your business
20.01.2022 Need to know what your obligations are if you need to stand down employees due to COVID- 19? While Fair Work has not yet released any specific guidance in relation to stand-downs for COVID-19 , there is some guidance on their website in relation to employment conditions during emergencies and natural disasters.
20.01.2022 What’s grey and not there? An accountant on vacation Don't worry all I am still here working .... and still grey
18.01.2022 Just wanted to share my win for the day .... decided to ring NAB just to check that our current home loan rate was the best deal that they could do and they instantly come back and reduced it by .25% . So within the last two weeks our home loan rates has dropped .5% . Obviously we have a variable loan but highly recommend that you ring your bank if you have not done so lately and check whether they can give you a better deal. Now is the time! P.s The total call time took less than 15 mins
17.01.2022 Treasury's fact sheet on SCO MOS JobKeeper stimulus announcement made yesterday . At this stage nothing has been legislated ......so we only know as much as the fact sheet provides. Once we know more and legislation has passed we will let you know https://treasury.gov.au/coronavirus/jobkeeper... You can register your interest with the ATO https://www.ato.gov.au/general/gen/JobKeeper-payment/
17.01.2022 You can now register your intent to claim a Centrelink payment through myGov. If you’ve recently lost your job or your income has been reduced, you can register... your intention to claim and we’ll contact you. To register your intent to claim online you will need a myGov account linked to Medicare or Australian Taxation Office services. To find out how to register your intent to claim or for help setting up a myGov account visit our website: https://www.servicesaustralia.gov.au//how-register-your-in Thank you to everyone who has gone online to do this today. You’ve done everything you need to. We’ll be in touch, but it may take some time to work through the high volume of claims at this time. We appreciate everyone’s patience.
15.01.2022 October - December BAS will be due soon . If you haven't got all your paperwork sorted to lodge on time - Give us a call and we can help !
14.01.2022 ***** NOT YET LEGISLATED******* $1,500 JobKeeper subsidy to keep staff employed From 30 March 2020 for six months...Continue reading
13.01.2022 Today we have introduced a support package to help personal banking and small business customers affected by the COVID-19 situation. This package includes: - Re...payment relief for home loan customers*: St.George customers who have lost their job or suffered loss of income as a result of COVID-19 should contact us for three months deferral on their home loan repayments with extension for a further three months available after review. - Reduced Fixed Home Loan Rates: A 2.29% p.a. fixed rate home loan for one, two and three years for owner occupied customers on principal and interest repayments with Advantage Package, effective Friday 27 March 2020. - $4 Billion home lending commitment: St.George pledges to play its part to keep the property market and economy moving by supporting more Australians with their home ownership needs. - Term Deposit special offer of 1.7% p.a. interest for 12 months for all Australians with interest paid monthly to provide customers a higher return on their savings (up to $500,000 per customer). For Australians aged 65 years and over the rate will be 2% for eight months (up to $500,000 per customer). Customers can choose to have interest paid monthly to provide them with regular income. - 1% reduction for small business cash-based loans effective Monday 6 April 2020. - 2% reduction on small business overdrafts for new and existing customers, effective Monday 6 April 2020. - Repayment relief for small business customers*: St.George small business customers who need help to manage their cash flow can defer principal and interest repayments of business term loans for six months. - Merchant terminal rental fee waivers for up to three months. *Interest capitalised. T&Cs and eligibility criteria apply. To find out if you are eligible for our COVID-19 support package visit www.stgeorge.com.au/covid-19 or any St.George Branch.
12.01.2022 Check out this months newsletters https://dmssbusinessaccountants.com.au//March-Newsletter.p
11.01.2022 $17.5bn in lost super is it yours? More than a third of all Australians have more than one superannuation account. Moving house, changing jobs or just forgetting to update your details can easily separate you from your superannuation fund. Currently, more than $17.5bn in lost super across 6.2 million accounts is waiting to be claimed. And, the ATO says that it is not all small amounts with one account in NSW holding more than $2.2 million. ... While over 500,000 super accounts were consolidated last year, there is still a lot of superannuation lying around being unproductive. So, what can you do? If you have not already, sign up for a MyGov account. MyGov is an online portal for a range of Government services. If you link your MyGov account to ATO online services, you can see the superannuation accounts registered to you. MyGov is also a way of ensuring that you are not caught out by formal looking scam emails as the communication sent to you by Government is available on the portal.
11.01.2022 The Super Amnesty has now received royal assent . The amnesty allows employers to disclose and pay previously unpaid super guarantee charge (SGC), including nominal interest, that they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018. To be eligible for the amnesty you must meet certain criteria and lodge completed SG amnesty forms with the ATO no later than 7 September 2020. ... If you would like to know more about the amnesty contact our office to arrange a time to discuss.
10.01.2022 Xero now integrates with BP Plus Fuel Card. Use your BP Me app and the process of fueling up and recording the transaction just got a whole lot easier ! Read more about this here:
09.01.2022 Scammers pretending to be from ASIC have been contacting Registry customers asking them to pay fees and give personal information to renew their business or company name. These emails often have a link that provides an invoice with fake payment details or infects your computer with malware if you click the link.
08.01.2022 The Stimulus Package received royal assent on 24 March 2020 . if you are unsure about what this means for your household or your business get in touch .
07.01.2022 If you have staff working from home during COVID-19 don't forget your WHS obligations for these employees!
05.01.2022 Economic Stimulus Package details
05.01.2022 "Never take your eyes off the cash flow because it's the lifeblood of business " Richard Branson"Never take your eyes off the cash flow because it's the lifeblood of business " Richard Branson
05.01.2022 Are you working from Home ? From 1 March 2020 the ATO is allowing you to claim 80c per hour for each hour you spend working from home. DON'T FORGET TO KEEP A RECORD OF THE HOURS YOU HAVE WORKED WHILE WORKING FROM HOME ! For more information see the link below or call our office to discuss
05.01.2022 Interesting read for SMSF trustees
05.01.2022 Check for the latest tax-related scam alerts. Be wary of emails, phone calls and text message claiming to be from the ATO. https://www.ato.gov.au//Onl/Identity-security/Scam-alerts/
04.01.2022 We’re Australian. We bought in good faith, and we are paying tax on the rental in Australia".
03.01.2022 Paid a contractor for cleaning or courier services? You have to report that to the ATO.
01.01.2022 The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. Will it be enough for those that are already doing it tough at the moment ? I guess only time will tell The yet to be legislated four-part package focuses on business investment, sustaining employers and driving cash into the economy. Just remember that the announced packages have not been legislated and the finer details of these packages wi...Continue reading
01.01.2022 Stay up to date with Official information and advice by downloading the "Coronavirus Australia" Government app Apple App Store https://apps.apple.com//app/coronavirus-austr/id1503846231... Google Play https://play.google.com/store/apps/details
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