Glenn Pannam Accounting in Melbourne, Victoria, Australia | Tax preparation service

Glenn Pannam Accounting

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9258 1600

Address: Level 9 / 24 Albert Road, South Melbourne 3004 Melbourne, VIC, Australia

Website: http://glennpannamaccounting.com.au

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25.01.2022 Substantiation of expenditure The ATO have been conducting Audits in this area. The ATO have asked us to remind our clients of their substantiation obligations when claiming work related expenses. You must have evidence to prove claims if the total claims exceed $300. ... Evidence includes: - Bank or other statements such as credit card statements - BPAY reference numbers - Receipts & invoices - PAYG payment summary (may show union fees) - Paper or electronic copies of documents are ok - Motor vehicle log book - Travel diary showing the dates, places, times and duration

25.01.2022 Please invite your friends to like me I am feeling lonely.

23.01.2022 Hi, Just a quick reminder that Tax time has started again. You can contact our office on 03 9258 1600 for an appointment or you can e-mail me your tax information for preparation of your return to [email protected]

23.01.2022 Hey its tax time and time for an appointment or to e-mail your tax information to us. Cheers Glenn

22.01.2022 A note frrom the ATO to think about: Claiming work-related expenses? Taxpayers claiming work-related expense deductions, need to satisfy the following:... - taxpayers must have spent the money and were not reimbursed - the expense must be related to their job - taxpayers must have a record to prove it. Its important to remember that if you receive an allowance from your employer, it does not automatically entitle you to a deduction. You still need to show that you have spent the money and it was related to your job. The ATO will be paying extra attention to people whose deduction claims are higher than expected, in particular: - car expenses claims including those for transporting bulky tools travel - internet and mobile phone - self-education. Please send me an e-mail if you have any questions about this [email protected]

18.01.2022 Happy New Years day, yes its the first day of the New Financial year.

18.01.2022 Tax time Late Tax Lodgement due date is close. So please phone Glenn, Bill or Halina on (03) 9258-1600 or email them on [email protected]/[email protected] to make an appointment or e-mail us your tax information. Dont forget Bill has out of hours and weekend appointments available.

18.01.2022 Tax time Options for the preparation of your 2020 Tax return Over the phone We are conducting phone tax interviews this year so you can e-mail or phone us to book a phone interview time and we can call you back at the agreed time. E-mail As we have done in previous years, you can e-mail your tax information to either Glenn or Bill we will prepare your tax return and e-mail it back to you for signing.... Zoom Meeting A new option - please e-mail or phone us and make a time for a zoom meeting and we will e-mail you a zoom meeting time and our zoom meeting contact information for your appointment. We will then contact you by Zoom. Office meeting At this stage we will be scheduling office appointments from August onward. We are trying to make the office COVID safe. We have screens and hand sanitizer in the office. Masks will be available, and we ask that you wear one whilst in our office. We will be spacing appointments so that no-one should have to wait in the reception area. See more

17.01.2022 Do you operate a HOME OFFICE. Is your Home Office a "place of business" eg a workshop for a builder, a home doctors surgery. Or is it a home office where you work out of hours. Claiming Home Office Place of busines. You may claim a percentage of rent, interest, home depreciation, rates, water, insurance, repairs, cleaning, pest control, gardening, etc. based on floor area.... Claiming for Home Office where you work out of hours there are two methods: Method 1: You may claim home office electricity based on floor area e.g. 5%. x $400 (electricity bill per quarter) x 4 = $80. This area must be for the sole purpose of home office. It cannot be for multi-use e.g. dining room table. Method 2: You may use the ATO 45c per hour rate to claim electricity, gas and depreciation of furniture. You must keep a 4 week diary. E.g. 45c x 20 hours per week x 52 weeks = $468 Please contact us if you have any questions.

16.01.2022 PAYG rates change from the 1st Oct 2016 for people earning over $80,000 pa. The 32.5% Tax rate will now apply to income up to $87,000. Please let me know if you have any questions about this.

14.01.2022 What do the activists want? For a start, they want you to stop consuming animal products. As a professional ethicist, Im in a position to offer some small assistance in thinking about the reasonableness of that particular demand. | OPINION

13.01.2022 Medical expenses - The Medical Expenses tax offset is being phased out and now will only be avaliable for disability aids, attendant care or aged care. This rebate is also means tested based on income. It will no longer be avaliable for GP and Chemist expenditure as it previously was. Please send us an e-mail if you have a question about this. [email protected]

11.01.2022 Glenn has over 30 years accounting and taxation experience and specialises in helping Nurses and the complexities of thier salary packaging and taxation issues.

10.01.2022 A message from the ATO, they are often seeing taxpayers making claims for items where they have not spent the money, the item does not relate to their work or they have not kept appropriate records. So a reminder to all clients make sure you keep appropriate records a receipt or make a diary note but make sure you have evidence to support your claim. Please send me an e-mail if you have any questions.

09.01.2022 Thanks for all who have joined my Facebook page after the recent mail out.

09.01.2022 We have a new address: Glenn Pannam DBP Consulting Pty Limited and Glenn Pannam Accounting Level 9, 24 Albert Road, South Melbourne Vic 3205... P: 03 9258 1600 F: 03 9690 3077 E: [email protected] See more

09.01.2022 Tax Time is here, have you made an appointment yet?

08.01.2022 Superannuation Update. Are you aware of these Superannuation Changes From 1 July 2017, the general concessional contributions cap will be reduced to $25,000 for all individuals regardless of age. ... From 1 July 2017, the annual non-concessional contribution cap will be reduced from $180,000 to $100,000 per year. Dont forget that you can still contribute upto $30,000 if you are under 49 or $35,000 over 49 years old before 30th June 2017. But dont forget the funds must be in your account in your fund by 30th June to be counted in this years contributions.

07.01.2022 Have you had your tax done yet? Please drop me an e-mail. Dont forget to ask your friends to like me.

06.01.2022 Work-related expenses update from the ATO The ATO has a wide range of strategies in place to deal with risks relating to individuals over claiming their work-related expenses. This tax time the ATO is reminding people to: declare all your income dont claim a deduction when you didnt spend the money... dont claim a deduction for private expenses keep records to prove your claims. The ATO utilises more sophisticated risk models to scrutinise every tax return and identify individuals and tax agents making higher than expected work-related expense claims. While a larger than usual claim might be legitimate, it may cause the ATO to ask questions as part of its compliance program. See more

04.01.2022 Thanks to all who have been sending their tax information to us by e-mail, this service is working well. So dont forget to use this service this year if you would like. You can review the documents section on our website if you are not sure what you need to send us or call the office and ask Anne, Bill or myself what you need to send us

02.01.2022 As you are all probably aware or current office space is being turned into apartments, so we are on the move in a few weeks. I will let yo know our new office address, but our phone, fax and e-mail addresses will stay the same.

01.01.2022 Glenn Pannam Accounting would like to welcome Halina to our team. She is an experienced accountant and is available for appointments.