Gibson & Partners Chartered Accountants in Somerton Park, South Australia | Business service

Gibson & Partners Chartered Accountants

Locality: Somerton Park, South Australia

Phone: +61 8 8376 0555

Address: 246 Brighton Road 5044 Somerton Park, SA, Australia

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

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• Business service
• Tax preparation service
• Accountant

22.01.2022 2020 tax tip: From March 12, 2020, each business asset purchased from then until June 30, 2020 that cost less than $150,000 can be claimed as a full tax deduction against your business income in 2020 (up from $30k). But, before you rush out and buy an expensive asset, key things should be considered. For example:... - Does the business have profit this year to warrant the need to purchase any new asset to offset tax?; - Does the business cash flow support the purchase?; - Is the asset going to provide future economic benefit to the business?; - Will the asset be held, installed and ready for use by June 30?; - Can the business source the finance to purchase the asset?. These are only just a few examples of key considerations when buying an asset, especially one that is significant. It should also be noted that this incentive has been extended to 31 December 2020 so any business assets purchased between 1 July 2020 & 31 December 2020 can be claimed in full in the 2021 financial year. For more end of financial year advice, please don’t hesitate to call us on (08) 8376 0555 #smallbusiness #taxtips #2020tax #EOFY #taxtime

19.01.2022 https://www.heartfoundation.org.au/ Happy Friday everyone! Being the first Friday of the month, we are wearing casual clothes and generously donating to a cause.... Today we are donating to the Heart Foundation to help with improving Heart Health and reduce the risk of Heart Disease. Feeling Generous, please donate using the link and remember to keep your receipt for tax time 2021 as donations over $2 are tax deductible*. #casualday #friday #accounting #gibsonaccounting #taxtime #donate #heartfoundation

11.01.2022 Happy New Financial Year everyone and Happy Friday. Being the first Friday of the month, we are once again wearing casual clothing at the office and raising founds for a charitable organisation. Today it is for FightMND. If you can spare some money, please give generously via this link to help fight MND https://fightmnd.org.au/... If you're dropping by our office today and you have same coins in your wallet that you haven't been able to get rid of since March, our donation box will be happy to take it. Thanks for your help. Team Gibsons #fightmnd #donate #fundraising #newfinancialyear #casualfriday #gibsonsaccounting

09.01.2022 Our new facade is looking

08.01.2022 Hello Autumn... But before the season changed, we enjoyed the last moments of a mild summer with a team BBQ out in our #sunsmart car park. In one of the photos you can see Jason thinking about how much he enjoyed the final product of Michael’s BBQ work. ... For most, 2020 made it difficult for people to gather in a social setting so this year we’re going to take as many opportunities as we can to drop the calculators and catch up with each other to keep our team #strong. All the best to 2021 and hope of returning to some form of normality. #accountants #taxagents #staysafe #mateship #summer #autumn #adelaideaccountants #southaustralianbusiness #supportlocalbusiness #adelaide

07.01.2022 Email Scams are a very common way for fraudsters to access personal details and steal funds and/or your identity. An example of one is in this photo asking to click on a link in order to access your refund. The Australian Taxation Office will never send an email or SMS with a hyperlink directing you to a log on page for their online services.... If in doubt, contact your Tax Agent. if you receive a suspicious email or text message claiming to be from the Taxation Office, you should: - Forward the entire email to [email protected] - take a screenshot of the text and email it to [email protected] - Delete the email or text. Have a fantastic Wednesday, stay safe and enjoy the sun.

05.01.2022 Hi Everyone, From midnight tonight the South Australian Government is re-activating most of the Covid restrictions that were in place earlier this year. As of Tuesday 17 November 2020 there will be no face to face meetings until further notice. If you have a meeting scheduled you will be contacted to make alternative arrangements. We are business as usual and are available by phone or email. ... If you are dropping off documents please adhere to the signage when inside the building. We will keep you updated on future developments when we are able. Thank you for your understanding and please, stay safe. Yours sincerely The Team at Gibson & Partners #covidrestrictions #wearehereifyouneedus #washyourhands #socialdistancing

02.01.2022 JobKeeper 2.0 Only just announced, the JobKeeper program is proposed to be extended beyond September with a retest of eligibility for each business and a reduction in the subsidy amounts with a new two-tier system. Early days still as this will need to be enacted into legislation before proper guidance can be given but a summary is provided below from the Treasurer:... New eligibility tests Businesses will still be required to demonstrate the required reduction in turnover 30 per cent for businesses with turnovers of $1 billion or less, 50 per cent for those with turnover of more than $1 billion, and 15 per cent for ACNC-registered charities. However, the government will now require businesses to demonstrate that they have suffered an ongoing significant decline in turnover using actual GST turnover, rather than projected GST turnover. From 28 September, businesses will be required to show an actual decline in turnover for the June and September quarters to qualify for JobKeeper 2.0. From 4 January 2021, businesses will need to reassess their turnover to demonstrate that they have met the decline in turnover test for each of the June, September and December 2020 quarters. Employers will need to demonstrate that they’ve met the relevant decline in turnover in both the June and September quarters to be eligible for the JobKeeper payment in the December quarter, Mr Frydenberg said. Employers will need to demonstrate that they have met the relevant decline in each of the previous three quarters ending on 31 December 2020 to remain eligible for the payment in the March quarter 2021. While there are currently 3.5 million workers covered under JobKeeper, the Treasury expects the new eligibility rules to see the figure fall to just 1.4 million workers for the December 2020 quarter, before dropping to 1 million workers in the March 2021 quarter. Please contact your friendly and dedicated team at Gibson & Partners if you would like any help with JobKeeper or your business

01.01.2022 Know a savvy business who has adapted to change during the Covid-19 crisis? Get them onto this link and enter for a chance to win $5,000!!!