Grant & Brady Tax Agents, Accountants & Auditors in Murwillumbah, New South Wales | Tax preparation service

Grant & Brady Tax Agents, Accountants & Auditors

Locality: Murwillumbah, New South Wales

Phone: +61 2 6672 1844

Address: 107 Murwillumbah St 2484 Murwillumbah, NSW, Australia

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

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25.01.2022 FAQs in relation to the Category C Disaster Relief for Tweed and Lismore Q1. Who is eligible? Small Businesses in specified areas in the local government areas of Lismore and Tweed Shire who have suffered direct damage as a result of the March 2017 NSW North Coast floods....Continue reading

24.01.2022 A $1,000 per person ($400 for children) Disaster Recovery Payment is now available for Tweed residents. Visit https://www.humanservices.gov.au//tropical-cyclone-debbie- for more information.

24.01.2022 Here are the latest occupation-specific guides to help you understand what work-related expenses you can and cannot claim: https://www.ato.gov.au//Income/Occupation-specific-guides/

23.01.2022 Our office will be closed on Tuesday, 6 November 2018 for our annual Picnic Day

23.01.2022 Category C Disaster Relief listing approved for Tweed and Lismore The NSW Rural Assistance Authority has advised that additional assistance measures which include recovery grants, may be made available as part of the national Community Recovery Package in the aftermath of extreme natural disasters to provide immediate relief to eligible primary producers and small businesses for clean-up and restoration costs. Recovery grants are funded by both the State and Australian govern...ments, with activation of the Natural Disaster Relief and Recovery Arrangements (NDRRA) recovery grant provisions requiring specific approval from the Australian Government. Small business operators in the following areas of the North Coast Floods are able to apply: Tweed Shire (Localities) - Bray Park, Murwilllumbah, South Murwillumbah Lismore City Council (Localities) - Lismore, East Lismore, North Lismore, South Lismore, Girards Hill. The following link contains an Information Bulletin, FAQs and an application form (at this time the link to this does not appear to work) http://www.raa.nsw.gov.au//north-coast-floods-small-busine

22.01.2022 Beware - a crackdown looms for work-related tax deductions: http://www.news.com.au//n/6a6b12fdafeed87e41f1478c15e6dcbc

22.01.2022 The NSW Government has announced packages for small business affected by the recent storms and floods. These are: - Financial support packages: loans of up to $130,000. Call 1800 678 593 or visit https://www.emergency.nsw.gov.au/for-th/disasterassistance/ index.html for more information.... - Solving Problems and Dispute Resolution Service: to assist businesses needing assistance to work through problems with other businesses or government. Call 1300 795 534 or visit http://www.smallbusiness.nsw.gov.au/solving-problems for more information.

20.01.2022 It's unbelievable that some people would take advantage of others in a time like this, but it is happening so you need to ensure you don't become a victim of a Coronavirus scam.

18.01.2022 Environmental grants of $100,000 provided to educate Tweed farmers https://www.echo.net.au//environmental-grants-farmers-lan/

17.01.2022 Were looking for a new accountant to join our growing team. A chance for the right person to grow their career in one of the best locations in the country.

17.01.2022 A new survey is available for business owners in Burringbar, Mooball, Tumbulgum, Uki and Chinderah. Government funding is dependent on the responses from businesses affect by the floods in those areas, so please share. https://www.surveymonkey.com/.../NorthCoastFloodsBusiness...

17.01.2022 Details of the Governments $17.6 billion economic stimulus package. The key measures include: Tax-free payments of up to $25,000 for eligible small and medium businesses (i.e., with a turnover of less than $50 million that employ staff) based on their PAYG withholding obligations.... From Thursday, 12 March 2020 the instant asset write-off threshold has been increased from $30,000 (for businesses with an aggregated turnover of less than $50 million) to $150,000 (for businesses with an aggregated turnover of less than $500 million) until 30 June 2020. An investment incentive (through to 30 June 2021) which will operate to accelerate certain depreciation deductions. This measure will also be available to businesses with a turnover of less than $500 million, which will be able to immediately deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the assets cost. Tax-free payments of $750 to social security, veteran and other income support recipients and eligible concession card holders. It is estimated that around half of those who will benefit will be pensioners. These payments will commence to be automatically made from 31 March 2020. Administrative relief from the ATO for some tax obligations for people affected by the Coronavirus outbreak, on a case-by-case basis. Wage subsidies to support the retention of apprentices and trainees Employers with less than 20 full-time employees may be entitled to apply for Government funded wage subsidies amounting to 50% of an apprentices or trainees wage for up to nine months from 1 January 2020 to 30 September 2020. The maximum subsidy for each apprentice/trainee is $21,000. Importantly, where an employer is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice. It is proposed that employers will be able to register for the subsidy from early-April 2020.

17.01.2022 The Australian Taxation Office is hosting a number of FREE small business education events at Tweed Heads in September. If you would like to attend any of the events on offer, please register at the links below: Tax Essentials 13/9/2017 9.30am 12.30pm: Tweed Heads... https://www.eventbrite.com.au/e/tax-essentials-for-small-bu Record Keeping 20/9/2017 9.30am 12.30pm: Tweed Heads https://www.eventbrite.com.au/e/record-keeping-workshop-for Employer Essentials 27/9/2017 9.30am 11am: Tweed Heads https://www.eventbrite.com.au/e/employer-essentials-for-sma

16.01.2022 Attention Tweed businesses... Council is working with goverment agencies to deliver support to flood damaged businesses - please let us know your stories. Email Economic Development Officer - Business Facilitator, Kym Kranen, on [email protected]

16.01.2022 A 13-week Disaster Recovery allowance is now available for workers, employees, farmers and sole traders. Visit https://www.humanservices.gov.au//tropical-cyclone-debbie- for more information.

16.01.2022 The Jobkeeper payment is the third and largest economic stimulus package announced by the government in response to the coronavirus pandemic. The flat $1,500 payment, which will be delivered by the ATO, will be paid to businesses, including businesses structured through companies, partnerships, trusts and sole traders. Employers will be required to pass on the full $1,500 a fortnight, before tax, to eligible employees....Continue reading

14.01.2022 From the ATO Small business newsroom: Affected by Cyclone Debbie or ex-Cyclone Debbie? Support is available from the Australian Taxation Office while you recover. ... If your business has been affected by Cyclone Debbie or ex-Cyclone Debbie we understand that you have more things to worry about than your tax obligations. Well give you time to deal with your immediate problems first, and we can help you sort out your tax affairs later. For people in highly impacted regions, automatic deferrals are now in place for upcoming lodgment and payment dates: - monthly activity statements due 21 April 2017 deferred to 21 May 2017 - quarterly activity statements due 28 April 2017 deferred to 28 May 2017 - income tax returns due 31 March 2017 deferred to 30 April 2017. If you have employees, you still need to meet your ongoing super guarantee obligations by 28 April 2017. All deferrals granted for later dates will still apply. If you are affected by a recent natural disaster and you need further assistance phone us on 1800 806 218.

14.01.2022 BEWARE: We received this letter today from a business which is making money from unsuspecting people. The letter looks like it could be from a Government agency, but its not. Theyre offering to renew your business registration and charging you a jacked up price $99 for a one year registration or $199 for 3 years. If you renew your business name yourself, a process that takes a few clicks on the official ASIC site, it only costs $35 for one year or $82 for 3 years. Ho...wever, if you go through this business it will cost you an extra $64 for a one year registration or $117 for a 3 year one! While they are not doing anything illegal, theyre profiting by acting as a middle-man for something that is very easy to do. An unsuspecting person could be forgiven for thinking the letter is from a Government agency when it states down the bottom it is not. Feel free to pass this on and share this post so other businesses dont end up paying more than they should. See more

13.01.2022 Scam emails are constantly doing the rounds, this time purporting to be from ASIC. The picture below details what it looks like. If youre ever unsure if an email is genuine: - look at the email address its coming from. Its usually not the same as the organisation is purporting to be from and/or it may be a variation of it - hover over (but NEVER) click the links in the email. Once again, the link wont be linked to the organisation the scammer is purporting to be fro...m. Be careful, as the methods these scammers are using are becoming more sophisticated and are very similar to the ones the genuine organisations issue. Dont open or reply to emails where youre unsure of the sender or click on links within these emails. http://asic.gov.au//servic/scams-targeting-asic-customers/

12.01.2022 Considering registering as an Uber driver? If so, youll have to register for an ABN and GST and charge GST to your customers. The Federal Court today handed down its decision in Uber B.V v FC of T. The ruling means Uber drivers will have to charge, account for and remit GST on the amount their customers pay, regardless of their turnover (unlike other businesses where there is a $75,000 turnover threshold). This brings them in line with taxi drivers for GST accounting and reporting purposes.

11.01.2022 To gain financial assistance for business and industry, the government need to quantify and qualify the impact of this disaster. Please fill out this survey today: https://www.surveymonkey.com/r/NorthCoastFloodsBusinessSurv

11.01.2022 Grants of between $2,500 and $10,000 are now available for Northern Rivers community groups who undertake activities which support and promote places on Australias National Heritage List. The application for these grants close on 23 March 2017. For more information see: www.environment.gov.au//community-heritage-icons-g/2016-17

11.01.2022 Scammers are at it again. Please take care and make yourself aware of the tactics they use. https://www.accountantsdaily.com.au//15372-ato-sounds-aler

10.01.2022 Congratulations are also in order for principal, Stuart Brady, who has achieved a significant career milestone by advancing to the status of Fellow of CPA Australia.

10.01.2022 We're looking for a new accountant to join our growing team. A chance for the right person to grow their career in one of the best locations in the country.

10.01.2022 Grants are now available for businesses to undertake a cyber security health check. Click the following link to see the details and eligibility criteria. Closes June 2020. https://www.business.gov.au//cyber-security-small-business

09.01.2022 The ATOs data matching program continues. Now theyre data matching motor vehicle sales and purchases. The ATO will acquire information for the 2016/17, 2017/18 and 2018/19 financial years, on vehicles that have been transferred or newly registered where the purchase price or market value is equal to or greater than $10,000. Data will be acquired from the eight state and territory motor vehicle registry authorities. It is estimated that records of 1.5 million individuals in... each year will be electronically matched with ATO data holdings to identify non-compliance with obligations under tax and superannuation laws. The Gazette notice for the data matching program notes the objectives which include: obtaining intelligence about taxpayers buying and selling motor vehicles to identify risks and trends of non-compliance with tax and super obligations identifying and addressing taxpayers buying and selling vehicles who may not be meeting their obligations to register and lodge returns (including activity statements) and ensure the correct reporting of income and entitlement to deductions and input tax credits identifying taxpayers of interest for investigation, such as sellers, licenced dealers, fleet managers, leasing companies or representatives of these taxpayers to determine if interposed proxy ownership is used to conceal the real accumulation of wealth identifying taxpayers who have not met obligations regarding GST, fringe benefits tax, luxury car tax, fuel schemes and income tax. Source: Commonwealth Government Gazette C2018G00277, 13 April 2018.

07.01.2022 Are you a NAB business customer who lost sales last Saturday due to the banks systems crashing? If so, you could be entitled to a monetary claim for your lost sales. https://www.news.com.au///96255d5c4f97692c5e6a0f2f68fb8e6d

07.01.2022 The ATO is cracking down on popular tax deductions, especially those people listing their properties on short-term accommodation sharing platforms. https://www.nestegg.com.au//12354-a-crackdown-on-popular-t

07.01.2022 Our office will be closed from 12pm Friday December 22nd and will open again at 8.30am Thursday January 11th. See you in 2018

06.01.2022 Its with great sadness that we announce the passing of one of our founding partners, Clem Hunting at 92 years of age. Clem was admitted as a partner of the firm, then known as CW Beer Partners, in 1951 and helped grow the business over many years. Clem retired as a partner in 1986, but continued on, working as the firms consultant for another 8 years. During this time Clem made many friendships and helped numerous local businesses with their tax and accounting needs. Even... after his retirement in 1994, Clems interest in the goings on in the firm did not cease. He was a regular visitor on Wednesday mornings, to have a cup of tea and catch up with the partners and staff before his game of golf. Clem was also a regular at our Christmas party functions, only absent when his health prevented him from attending. Even at age 90, he still enjoyed a Christmas VB or two. Clem was an outstanding contributor to the local community, having been a long-term member of the Murwillumbah Golf Club and a member of the Lions Club of Murwillumbah for over 51 years. In December 1994, Clem was awarded with life membership of Lions, for his lengthy and unwavering service to the local community. Clems integrity and values form the foundations of our firm today. We are proud and privileged to have known and worked alongside Clem and he leaves us with many fond memories. Our thoughts go out to his wife Shirley and his family. RIP Clem, you will be dearly missed but never forgotten.

06.01.2022 Details of the Government's $17.6 billion economic stimulus package. The key measures include: Tax-free payments of up to $25,000 for eligible small and medium businesses (i.e., with a turnover of less than $50 million that employ staff) based on their PAYG withholding obligations.... From Thursday, 12 March 2020 the instant asset write-off threshold has been increased from $30,000 (for businesses with an aggregated turnover of less than $50 million) to $150,000 (for businesses with an aggregated turnover of less than $500 million) until 30 June 2020. An investment incentive (through to 30 June 2021) which will operate to accelerate certain depreciation deductions. This measure will also be available to businesses with a turnover of less than $500 million, which will be able to immediately deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset's cost. Tax-free payments of $750 to social security, veteran and other income support recipients and eligible concession card holders. It is estimated that around half of those who will benefit will be pensioners. These payments will commence to be automatically made from 31 March 2020. Administrative relief from the ATO for some tax obligations for people affected by the Coronavirus outbreak, on a case-by-case basis. Wage subsidies to support the retention of apprentices and trainees Employers with less than 20 full-time employees may be entitled to apply for Government funded wage subsidies amounting to 50% of an apprentice’s or trainee’s wage for up to nine months from 1 January 2020 to 30 September 2020. The maximum subsidy for each apprentice/trainee is $21,000. Importantly, where an employer is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice. It is proposed that employers will be able to register for the subsidy from early-April 2020.

05.01.2022 Our firm is continuing to grow and were excited to be able to add another accountant to our team. Please share.

04.01.2022 UPDATE These temporary restrictions have now been lifted. Thank you Tweed! Small businesses in the Tweed can pick up free face masks from distribution poi...nts in Tweed Heads and Murwillumbah today (Thursday 1 April). Council is distributing masks at the request of NSW Health to ensure businesses can continue to operate over Easter. The distribution points open at 10am at Council’s offices at: Murwillumbah Administration Office, Civic and Cultural Centre, 10-14 Tumbulgum Road, Murwillumbah Tweed Heads Administration Office, Civic and Cultural Centre, corner Brett Street and Wharf Street, Tweed Heads When attending the distribution points, please maintain physical distancing and if you are unwell, please do not attend for the safety of our staff and wider community. Limits will also apply. Yesterday NSW Health announced that enhanced COVID-safe measures would apply to the local government areas of Tweed Shire Council, Ballina Shire Council, Byron Shire Council and Lismore City Council until 11:59pm on Monday 5 April, when the community will be updated. They are: Mask wearing is compulsory on public transport, in retail stores, and in all public indoor settings the one person per 4 square metre rule applies at all public indoor settings including hospitality venues, and the number of household visitors is capped at 30 including holiday rental properties. For more information on restrictions, visit https://www.health.nsw.gov.au/news/Pages/20210331_01.aspx

03.01.2022 For those businesses and residents of Burringbar, Mooball, Stokers Siding and Crabbes Creek affected by the recent floods: there is a meeting on Tuesday, 9 May at the Burringbar District Sports Club @ 7pm which will be attended by the Flood Recovery Coordinator, Euan Ferguson. See more: http://www.echo.net.au//mooball-burringbar-community-work/

03.01.2022 Please be careful of scammers at this time of the year.

02.01.2022 Have you received a phone call, text or email from a scammer pretending to be from the Tax Office? Check the following link to see some of the latest tricks scammers are using. Be safe, dont respond and dont give out any personal details. https://www.ato.gov.au//On/Identity-security/Scam-alerts/

02.01.2022 Heres the Top 10 tips for rental properties owners to avoid common mistakes with their tax: https://www.ato.gov.au//Top-10-tips-to-help-rental-proper/

02.01.2022 The NSW government is using the following survey to determine what level of flood assistance our local area should get. We encourage all businesses to complete this short survey as the flood has affected everyone in some way. https://www.surveymonkey.com/r/NorthCoastFloodsBusinessSurv

01.01.2022 Were expanding and looking for new staff! This a great opportunity for a current Uni student or someone who has recently completed their degree. Please share.