Glance Consultants in Ashburton, Victoria | Tax preparation service

Glance Consultants

Locality: Ashburton, Victoria

Phone: +61 3 9885 9793

Address: 217A High Street, Ashburton 3147 Ashburton, VIC, Australia

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

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25.01.2022 There are new approaches to assisting businesses when sudden outbreaks take place. An example of such an approach is the circuit breaker action that has recently been implemented in Victoria. A $143 million response by the Government has been established that provides necessary assistance to businesses that have lost significant income as a direct result.

25.01.2022 For many entrepreneurs and business leaders, managing a business is similar to going on a mission with people who share your vision. However, at some point, your task would reach its end, and it’s time to find someone else to take your place. How do you ensure your business will continue to thrive even after you’ve stepped down? That’s what a succession plan is for.

24.01.2022 When registering a business in Australia, you would need to think about the types of taxes that would apply to your business. Many business owners are confused about which taxes they should pay and when they should pay them. Goods and Services Tax (GST) is one of those taxes that can be confusing for some business owners especially for first-time business owners.

23.01.2022 JOBKEEPER 2.0 - FURTHER CHANGES There have been further recent announcements to the JobKeeper scheme (Jobkeeper 2.0) which will impact your current payments and eligibility from 28 September 2020 onwards. Here's a summary of the changes to Jobkeeper 2.0:... - Staff that weren't employees of your business at 1 March, may now be eligible for JobKeeper if they have been employed at 1 July. - The turnover test for Jobkeeper 2.0 applies to the September 2020 quarter only from 28 September 2020 onwards and the December 2020 quarter from 4 January 2021 vs the comparable periods. See below infographic for further details:

22.01.2022 The Victorian Government has announced a $3 Billion Business Survival & Adaptation package. Click on the link below to find out more. #business #innovation #smallbusiness #entrepreneurs http://eepurl.com/hdpwO9

22.01.2022 If you can survive to establish a business in this kind of environment, then you'll know that you'll be able to pursue whatever challenges your business might face in the future. Read more below:

21.01.2022 JOBKEEPER 2.0 Below are the most important points you need to be aware of: JobKeeper extended to 3 January 2021... No changes to all existing payments until 28th September 2020 To continue to receive payments after September 28 you will need to be re-assessed and show 30% or more decline in GST Turnover in both June and September quarters 2020 relative to comparable 2019 periods (check the fact sheet for additional information) JOBKEEPER rules and payments in 2020 From 28th September 2020 to the 3rd January 2021 Jobkeeper payments are: - $1,200 per fortnight for all eligible employees who, in 4 weeks of pay periods before 1 March 2020, were working for 20 hours or more per week (business & NFP). This includes all business participants who were actively engaged in the business for 20 hours or more per week in February 2020. - $750 per fortnight for eligible employees & business participants who worked less than 20 hours in the 4 weeks prior to 1 March 2020. JOBKEEPER rules and payments in 2021 You need to be re-assessed in January 2021 and show 30% or more decline in GST Turnover in each of the June, September and December quarters 2020 relative to comparable 2019 periods to be eligible to receive payments until March 2021 Payments from 4 January 2021 to 28 March 2021 will be paid at a lower rates: - $1,000 per fortnight for all eligible employees who, in 4 weeks of pay periods before 1 March 2020, were working for 20 hours or more per week (business & NFP). This includes all business participants who were actively engaged in the business for 20 hours or more per week in February 2020. - $650 per fortnight for eligible employees & business participants who worked less than 20 hours in the 4 weeks prior to 1 March 2020. Check out the infographic below for more info:

20.01.2022 Read Glance Consultants latest newsletter for March 2021:

19.01.2022 The most cost effective and straightforward business structure you could set up in Australia is a sole proprietorship or sole trader. It’s a business type that doesn’t have any legal distinction between the business entity and the owner.

18.01.2022 One of the reasons many businesses struggle with end-of-year bookkeeping is that they don’t have accurate records of their transactions. This does include not only sales but also your expenses, other miscellaneous costs, asset & liability balances. Read more below.

17.01.2022 Businesses across industries have been affected dramatically by the pandemic. As a result, many entrepreneurs are resorting to selling their businesses. Have you been considering the same thing but don’t know how to go about it? Read more below.

16.01.2022 Tax Considerations for Rental House https://glanceconsultants.com.au/tax-considerations-for-r/

15.01.2022 A warm welcome to our newest team member Angelene. Angelene is a Xero and Quickbooks Certified Advisor. After graduating from college, she quickly began her career in the accounting & taxation industry continuously enriched her skill set in cloud-based accounting. She loves collaborating with clients to help them create efficiency in their bookkeeping, as well as their income tax requirements. She loves the thrill that comes with the possibilities of accounting as the learning process never stops. Outside the accounting world, Angelene enjoys travelling and spending time with family and friends. She also has a heart for music a huge fan of Broadway musicals, sharing her talent and uses this to inspire other people.

12.01.2022 We could all make the mistake of assuming that turning profits alone tells us the health of our business and determines whether we are running a successful company. However, profit alone should not be the only financial focus of yours if you’re looking to create a stable business long term.

10.01.2022 This Budget certainly featured many announcements aimed at encouraging hiring, investment and spending. Read our report on the Budget(link in the blog):

09.01.2022 The JobKeeper extension has passed There will be important changes to the wage subsidies. Here’s what you need to know.

09.01.2022 How an Audit for a Superannuation Fund works https://glanceconsultants.com.au/how-an-audit-for-a-super/ #glanceconsultants #accountants

08.01.2022 Some of you were perhaps thinking that those inconvenient days of a travel logbook were long gone, revelling in the freedom that modernization provided. However, recently the ATO is cracking down on those who own vehicles for their business because, well, because of modernization.

08.01.2022 Read our latest blog post on the new Director Identification Regime. https://glanceconsultants.com.au/the-new-director-identifi/

08.01.2022 Based on your industry, location, size, and other important considerations, the risk reduction practices that your business can pursue can be enormous. Read more below:

06.01.2022 Are your tax obligations stressing you out? While it may be a few months away, thinking about your strategic taxation plan now could help you avoid headaches when your tax liabilities are due. Additionally, it ensures that you won’t overlook anything or come across unpleasant surprises. Not sure how to go about your taxation plan? Here are some things you should know to help get you started.

05.01.2022 Are Cryptocurrencies Subject to Tax? It Depends on What Happens https://glanceconsultants.com.au/1264-2/

05.01.2022 It maybe time to ask yourself some critical questions to determine whether your business is likely to survive. This is so you can take proactive steps to support yourself and increase the chances you can power through subsequent months and years with a thriving business that offers that security we all need.

04.01.2022 As COVID-19 continues to sweep across nations with no end in sight, many have started to consider their estate plans seriously. This may not be easy to think about for some. But, it never truly hurts to prepare yourself, your estate, and your family for what could happen. Read more below:

01.01.2022 It’s 2021, and if your business still relies heavily on spreadsheets for your business operations and record keeping purposes it may be time to consider a more efficient option. Read more in the link provided below:

01.01.2022 Finally finding a business, you would like to purchase and invest in is exciting. Before finalising your contract, however, make sure it is genuinely worth the investment you are about to put in.