The Gladstone Office in Beecher, Queensland, Australia | Financial service

The Gladstone Office

Locality: Beecher, Queensland, Australia

Phone: +61 419 677 455

Address: Flora Drive 4680 Beecher, QLD, Australia

Website: http://gladstoneoffice.com.au

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• Accountant
• Financial service
• Management Service
• Business centre

24.01.2022 Tomorrow is not just Hallowe’en, it’s also the last day to lodge your personal tax return or to register with a tax agent to avoid possible ATO fines. If you’d like access to my tax agent extension period, then please email me on [email protected] & I will arrange to have you included under my lodgement extension program - we will then have until 15th May to lodge without any fines. Email me now to register in time & avoid late fees/penalties:... [email protected]

22.01.2022 FEDERAL MINIMUM WAGE INCREASE A reminder for those paying employees under an award that the delayed Award wage increase occurs today, 1 Nov 2020, for many awards. Please check your award updates to see if this applies to you. ... Feel free to contact me if you’d like assistance with this.

18.01.2022 Can you believe how fast this year is flying.....Wishing everyone a very happy New Financial Year.

13.01.2022 QLD Govt announces Grants for seniors: (A new grant Tradies may wish to advertise to their elderly customers - and for all of us to let our seniors know about!) To support smaller scale projects, a Seniors and Accessibility Renovations Grants program will provide grants of $5,000 for household repairs.... The grants are for seniors who are struggling to afford necessary maintenance. "This is a program that will help older Queenslanders make improvements to their homes that they may have been putting off due to financial constraints and, in turn, will give our tradies a shot in the arm," Ms Palaszczuk said. "It will support works of up to $5,000 to help with repairs to electrical works, plumbing, improving accessibility, smoke alarms, unsafe flooring and roofing," she said. Details are yet to be publishied on the QLD Govt website.

12.01.2022 The Federal Budget announced some proposed tax cuts and small business incentives for 2020/21. Please keep in mind that these measures are at this stage only PROPOSALS, and will require legislation to be passed through both houses of Parliament (and hence become real tax law). Please feel free to ring me if you have any questions regarding any of these proposals and how they may improve your business taxation situation (ie. immediate write-off of assets, employing 16-35 yr old employees etc..

12.01.2022 JobKeeper - Extended/Modified (in detail) Today, the Prime Minister announced the extension and watering down of the wage subsidy, JobKeeper. Points to note:... Existing JobKeeper continues up until 27 September 2020 From the next day, a new, modified JobKeeper scheme applies until 28 March 2021 Under the new scheme, employers must reassess their eligibility with reference to actual turnover (generally in comparison to the same quarters in 2019) as follows: from 28 September 2020, businesses and not-for-profits will be required to reassess their eligibility with reference to their actual GST turnover in the June and September quarters 2020. They will need to demonstrate that they have met the relevant decline in turnover test in both of those quarters to be eligible for the JobKeeper Payment from 28 September 2020 to 3 January 2021. from 4 January 2021, businesses and not-for-profits will need to further reassess their turnover to be eligible for the JobKeeper Payment. They will need to demonstrate that they have met the relevant decline in turnover test with reference to their actual GST turnover in each of the June, September and December quarters 2020 to remain eligible for the JobKeeper Payment from 4 January 2021 to 28 March 2021 Monthly lodgers will use the aggregate turnover for the three-monthly Activity Statements over these quarters. The existing decline in turnover rates must be met (i.e. 30% for businesses with a turnover of $1 billion or less, or 15% for Australian Charities and Not for profits Commission-registered charities (excluding schools and universities). Reduced payment rates will also apply for all eligible employees and business participants, as follows: From 28 September 2020 to 3 January 2021, the JobKeeper Payment rates will be: $1,200 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average, and for eligible business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $750 per fortnight for other eligible employees and business participants. From 4 January 2021 to 28 March 2021, the JobKeeper Payment rates will be: $1,000 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average and for business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $650 per fortnight for other eligible employees and business participants. It's a lot to take in, but as always, I'm happy to help explain in detail and to make sure that if your eligible you continue to receive the subsidies as is appropriate to your business situation.

11.01.2022 Wage rise: Reminder that the last group of awards are to receive their delayed minimum wage increase (1.75% delayed due COVID) from the 1st February (first full pay after 1st Feb). For a full list of the awards affected please check the Fairwork Ombudsman site: http://www.fairwork.gov.au//the-commission-has-announced-a... In summary, Group 3 awards include :

09.01.2022 Job Keeper 2.0 Changes to Eligible Employees The updated 1 July 2020 employment test from (1 March 2020) applies to the Job Keeeper 2.0 initiative but also to existing Job Keeper claims from the fortnight ending 16 August. This means that any new permanent employees between 1 March and 1 July will now be eligible, as are casuals who have now worked 12 months as at 1 July (instead of at 1 March). If this means your business can now claim additional employees, please let me know as soon as possible so that I can update your enrolment details accordingly!

09.01.2022 Just a reminder to all that SUPER must be paid by Wednesday at the absolute latest to meet legislated cut-off dates. (If I process your super you would have received my payment email - please let me know if you need it resent!). Payments received by the ATO/super fund after legislative dates incur fines/penalties & interest (& a lot of paperwork). Quarterly BAS has an extension (due to ATO holidays) until 2 March.

09.01.2022 The treasurer confirmed yesterday that the government is currently intending to extend the job seeker/job keeper programs beyond September - a formal announcement detailing the full Ts & Cs will be made by the PM on 23rd July.

09.01.2022 It’s official - Job Keeper will continue after September, but at a reduced subsidy rate of $1,200 for full time employees -provided businesses meet the 30% revenue reduction requirements each month. Part-time employees (< 20 hrs a week) will be subsidised at $750 per fortnight. Monthly revenue testing for eligiblity will commence in September- until then revenue reporting will remain for information purposes only.

08.01.2022 Job Keeper extension updates: This past week the government relaxed some of the qualifying conditions for the Job Keeper Extension program. In summary to qualify past September, your revenue must meet the 30% fall (15% for NFP) in the September quarter (compared to Sept 2019) and to qualify past December, your revenue in December quarter must meet the reduction requirements when compared to Dec 2019 quarter. The rates after September & December are still reduced ($1200 & $1...000 for full time employees, $750 & $650 for part-time < 20hrs). Workers employed as at 1st July will now be eligible (pushed back from the original 1st March date). To access the extensions, businesses will need to re-apply (it won’t automatically roll-over). If you believe you may be eligible for the future subsidies please call me to discuss. If you believe your business may be eligible in August or September and you are not yet enrolled, please contact me ASAP.

06.01.2022 May be worth a look for your business...

05.01.2022 Something to help you get through your Friday

04.01.2022 So very excited and proud to announce that The Gladstone Office can now provide full TAX AGENT services! Catering for individual returns, rental properties, investors, sole traders, partnerships, trusts and companies. I will be updating my website shortly with online bookings and pricings, but if you are eager to book, please feel to ring me on 0419 677 455.... www.gladstoneoffice.com.au

03.01.2022 Just a few remaining regional grants available so be quick if you qualify.

02.01.2022 Single Touch Payroll For all employers using STP please be aware that the ATO is now officially sharing this data with Services Australia (Centrelink). If you have employees who are on Newstart, your payroll info will auto prefill on their income reporting forms. This is a heads up in case you are queried by your employees about it.

02.01.2022 Happy New Year to everyone! It’s been a busy start to the year for The Gladstone Office & I’m hoping it’s the same with your business too! Don’t forget December BAS can now be processed and quarterly super must be paid by the 28th January (just under 2 weeks from today). Feel free to drop off receipts/bank statements as soon as you can

02.01.2022 The New Tax rates now apply. If you are using QuickBooks On-line these new rates will automatically apply to all new payruns - please double check that you are now paying the correct amounts as those earning over $37,000 pa will have a different net amount in the wages each week/fortnight/month even if they are still working the same hours!