Forsyths Accountants Mackay in Mackay, Queensland | Tax preparation service

Forsyths Accountants Mackay

Locality: Mackay, Queensland

Phone: +61 7 4953 1099

Address: 39 Gregory Street 4740 Mackay, QLD, Australia

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

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23.01.2022 Businesses: It’s time to make your JobKeeper monthly business declaration for August Remember - August has 3 fortnights, so don’t forget to claim your eligib...le employees for all of them. If you have newly eligible employees include them in the claim from JobKeeper Fortnight 10 (which started 3 August). We’ve created a new fact sheet to explain the steps you need to take to add newly eligible employees, visit www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/

23.01.2022 Businesses: Do you pay contractors? You may need to lodge a taxable payments annual report (TPAR) by 28 August if your business provides and pays contractors fo...r these services: building and construction cleaning courier, delivery or road freight information technology security, investigation or surveillance Lodging online is simple and secure. Watch our video or visit www.ato.gov.au//Taxable-payments-ann/Resources-to-help-you See more

22.01.2022 Thank you for entrusting us with your accounting & taxation needs over the past 12 months. We wish you all a happy & safe Christmas & New Year & look forward to working with you in 2021. Our office will be closed from midday, Wednesday December 23rd 2020 & will reopen at 9am, Monday January 11th 2021.

22.01.2022 Businesses: Enrolled for the JobKeeper Payment and identified your eligible employees? You’ll need to make a monthly business declaration between the 1st and 14...th day of each month to be reimbursed for employees you’ve paid The earlier you declare, the sooner you will be reimbursed for the JobKeeper payments For more info, visit www.ato.gov.au//JobKeeper-P/In-detail/JobKeeper-key-dates/

22.01.2022 Work rosters Payroll Super guarantee payments Remember If you’re an employer, your next super guarantee payments need to be received by super funds by 2...8 January. Having difficulty meeting your super obligations? Contact us to discuss your options on 1800 806 216. For more info, visit www.ato.gov.au//Paying-super-contributi/When-to-pay-super/

20.01.2022 The Fair Work Commission has announced a 1.75% increase to minimum wages. This will apply to all award wages. Increases to awards will start on 3 different da...tes for different groups of awards. Frontline and essential services get the increase from 1 July, 2020. Manufacturing and construction award wage rates will be increased from 1 November, 2020 and accommodation, food, retail, tourism, and aviation will be increased from 1 February, 2021. For anyone not covered by an award or an agreement, the new national minimum wage (NMW) will be $753.80 per week or $19.84 per hour. The increase to the NMW applies from the first full pay period starting on or after 1 July 2020. We’re working on updating our pay tools with the new allowances and will send an email update to subscribers once they’re available. You can subscribe to email updates and read more about the Fair Work Commission’s decision here: https://www.fairwork.gov.au//the-commission-has-announced-

19.01.2022 Do you know your tax myths from tax facts? Test your working-from-home knowledge below as we set the record straight. Myth: If I use the shortcut method, I ...can claim 80 cents per work hour plus other equipment (that costs $300 or less) to use when working from home. Fact: Under the shortcut method you can only claim 80 cents per work hour. This method covers all deductible expenses, including office furniture and technology. You can’t claim any other working from home expenses on top. Myth: I can claim everything I bought to work from home (new laptop, desk, toilet paper, tea or coffee and my kids’ education supplies). Fact: There are three methods you can use to calculate your working from home expenses. You can choose the method that will give you the best outcome but you must meet the eligibility and record keeping requirements. You cannot claim items such as toilet paper, tea, coffee or your kids’ education costs, these are private expenses. Myth: I can’t claim my working from home running expenses, even though I share the costs with my housemate because the bills aren’t in my name. Fact: Under the shortcut method multiple eligible taxpayers working from the same home can each claim 80 cents per work hour, even if the utility bill isn’t in your name. Find out more about working from home expenses @ ato.gov.au/home

17.01.2022 Employers: The first claim period for the JobMaker Hiring Credit is underway! Not sure where to start? Our step-by-step guide has you covered with information... on: registration nominating eligible additional employees through Single Touch Payroll claiming payments. Check it out at www.ato.gov.au//Jo/In-detail/JobMaker-Hiring-Credit-guide/

14.01.2022 Attention rental property owners: Reminder that you can no longer claim deductions for the cost of travel to and from your property, unless you’re carrying on... a business. Made a mistake and claimed rental travel this tax time? Don’t stress, you can request an amendment using our online services or contact your tax agent . Find out more at www.ato.gov.au//Resi/Rental-properties-and-travel-expenses

11.01.2022 Employers: With COVID-19 restrictions lifting and gyms, pubs and cafes reopening, you might be wondering whether increases in your GST turnover will affect your... JobKeeper payment eligibility Here's the good news - once you're in, you're in! You’ll continue to receive payments as long as you: met the criteria when you first applied continue to pay eligible staff lodge business monthly declarations. Watch our videos to find out more: www.ato.gov.au//JobKeeper---easier-to-understand-informa/

10.01.2022 A new round of Small Business COVID-19 Adaption Grants is on its way! Applications will open on Wednesday 1 July 2020 and we’re encouraging small business opera...tors to start preparing their grant submissions now. Grants of up to $10,000 are available and you can get ahead of the game by visiting www.business.qld.gov.au/adaption-grant to check your eligibility and read the guidelines.

07.01.2022 Employers: The JobMaker Hiring Credit is here! You could receive up to $200 per week for new positions you create until 6 October 2021. Check the eli...gibility criteria and use our payment estimator to see how much you could get at www.ato.gov.au/Ca/JobMaker-Hiring-Credit-payment-estimator/ See more

07.01.2022 Thankyou to Consolidated Plastics and Epoxy QLD Pty Ltd for a great #yournudelunch !! #OvarianCancerAwareness

06.01.2022 Businesses: The increased instant asset write-off has been extended to 31 December 2020! This means that eligible businesses can continue to invest in assets that cost less than $150,000 each Check out what you can claim at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

02.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

02.01.2022 Employers: Single Touch Payroll deadlines are just around the corner! You’ll need to ‘finalise’ and report to us by: 14 July, if you’ve got 20 or more employ...ees 31 July if you have fewer than 20 employees. There’s still time left on the clock, but if your data's ready to go now, why not avoid a last-minute rush? Find out more at www.ato.gov.au//Star/End-of-year-finalisation-through-STP/

01.01.2022 Is your business in a position to purchase new or second-hand assets? You may be eligible to use the expanded instant asset write-off this tax time. You must h...ave your asset in use by 30 June 2020. If you’re looking to purchase a car, some limits may apply. Interested? Find out more at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/