Hopscotch Business Solutions in Holland Park, Queensland, Australia | Accountant

Hopscotch Business Solutions

Locality: Holland Park, Queensland, Australia

Phone: +61 410 348 762

Add/Update information

Reviews

Tags

• Business service
• Tax preparation service
• Accountant

19.01.2022 UPDATE Accessing Stimulus Funding Credits and Refunds via the ATO The ATO are receiving tens of thousands of calls at present, and we are increasingly receiving calls from concerned business owners about not being able to speak with someone regarding their situation. It’s important to remember that no individual or business has yet received any stimulus funding. While there have been announcements, the actual assessing and processing of any credits and/or refunds to businesse...s via the ATO, will not commence until the end of April. The ATO have assured us that all eligible businesses will receive the stimulus package credits/refunds they are entitled to, on the provision that you remain up-to-date with your reporting obligations by the regular due dates. Eg. March QTR BAS lodgement is due by 28 April for businesses lodging for themselves, and by 26 May for those lodging via your BAS Agent. As your BAS Agent, we are regularly in contact with the ATO, and we act on behalf of the majority of our clients in communications with the ATO. Some examples of this are: Negotiation of payment plans Deferral of GST and PAYG related debt payments Lodgement of BAS, IAS, TPAR, STP and Super forms Changes to PAYG and GST lodgement frequency GST and PAYG registration/deregistration Updates to contact and financial details Subjects to Consider Moving Forward We know this is an uncertain time for everyone but it is important to ask yourself some questions regarding your business and start to plan. Have you had discussions with your staff to inform them of the effects this may have? Can I reduce Liabilities and take advantage of what banks and government are offering? Do I have enough cash in the bank to survive for 2 or more months? What is the workload impact/supplies impact and how can I minimise this? Where can I cut down on expenses to reduce costs? What process will I take with staff ie: leave, working from home, reducing Loans Contacting your bank for options Leases - Is there any conditions you are entitled to? Insurances - Do they cover this event? Factsheets and FAQs Factsheets and FAQs Fair Work - Coronavirus and Australian Workplace Laws The Treasury - Early Access to Superannuation The Treasury - Income Support for Individuals (Sole traders may be eligible) The Treasury - Providing Temporary Relief for Financially Distressed Businesses The Treasury - Supporting the Flow of Credit Workcover - Workcover FAQ’s for Employers Please rest assure that government and banks are doing all they can to keep businesses running and supported during these uncertain times. We will keep you informed with all updates as soon as we are able. Please contact us if you have any other questions in this regard.

16.01.2022 Merry Christmas to our wonderful clients enjoy this time with family and friends and spend wisely. Bring on a profitable 2019

14.01.2022 The Australian Government released a stimulus package in response to the uncertainty that the coronavirus is bringing to our economy. For small to medium businesses this package includes an increase to the instant asset write-off, cashflow assistance for employers, and support to businesses with apprentices and trainees. The cashflow assistance for employers will apply to entities who have employees and an aggregated annual turnover of under $50 million. Eligible businesse...s that withhold tax to the ATO on their employees’ salary and wages will receive a payment equal to 50% of the amount withheld, up to a maximum payment of $25,000. Eligible businesses that pay wages and salary but do not withhold tax will receive a minimum payment of $2,000. This payment will be in the form of a credit from the ATO upon lodgement of your January 2020 to June 2020 Activity Statements. If any of the credits put your account in a refund position, the ATO will deliver the refund within 14 days. Please see the attached fact sheet ‘Assistance for Businesses’ for more information. Eligible small businesses with apprentices and trainees will be able to apply for a wage subsidy of 50% of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020. This subsidy will be available to small businesses with less than 20 full-time employees and the apprentice or trainee must have been in training with a small business as at 1 March 2020. You must also undertake an eligibility assessment through an Australian Apprenticeship Support Network (AASN) provider. Please see the attached fact sheet ‘Assistance for Businesses’ for more information. The threshold for the instant asset write-off has been increased from $30,000 to $150,000 and now includes all businesses with an aggregated annual turnover of less than $500 million (increased from $50 million). This will only apply from the announcement date until 30 June 2020. There is also a change in depreciation deductions which I would recommend you discuss all with your accountant about.

07.01.2022 Remember your time is valuable we can help. https://theweekendbookkeeper.com.au//7-signs-you-need-a-b/

05.01.2022 Few more updates for small businesses The Australian Government - Coronavirus Information and Support for Business The Australian Government has complied resources and information for businesses affected by Covid-19, please visit here to find out more.... Queensland Government Loan Jobs Support Loan The Queensland Government announced (on March 17) an opportunity for Queensland businesses to apply for a low interest loan of up to $250,000 with the first year interest free. This loan aims to assist businesses in retaining employees during this uncertain time. Please visit here for more information and to register your interest. Australian Banking Association Small Business Relief Package Today an announcement was made by the Australian Banking Association that Australian Banks will defer loan repayments for small businesses affected by Covid-19 for 6 months. Banks have started to contact their customers and are planning to roll out the packages starting Monday. If you think you may be eligible, please contact your bank.