InTotal Bookkeeping in Toowoomba, Queensland | Tax preparation service

InTotal Bookkeeping

Locality: Toowoomba, Queensland

Phone: +61 427 430 069

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• Tax preparation service
• Accountant
• Financial service
• Business supplies service

24.01.2022 Want to try something different? Hire one of these campers and go where you want this XMAS.. https://www.facebook.com/Queensland-Caravan-Queensland Caravan Rental

19.01.2022 'Tis the season to be jolly! Fringe Benefits tax could be an unintended consequence. Contact me for more information..

14.01.2022 WORK-RELATED EXPENSES The 2018 Federal Budget included measures to improve the integrity of the tax system, with a focus on claims made by taxpayers and their agents. The Australian Taxation Office (ATO) has flagged a crackdown on claims for work-related expenses (WREs), suggesting a significant loss to revenue from taxpayers overclaiming small amounts.... You should ensure that any unreimbursed claims for work-related expenses, car expenses and travel expenses are correctly allowable on the basis that such expenses were incurred in gaining or producing salary and wages income or other payments subject to the PAYG withholding regime (including any work-related claims below $300.00). Where items are used both for work or business purposes and for private purposes (e.g. use of a mobile phone or home computer) it is also necessary to apportion deductions so that a deduction is only claim for the business portion of the expense. In addition, all claims for work-related expenses must be substantiated by way of evidence such as invoices, receipts and credit card statements. Care should be taken in claiming such deductions as the ATO is increasing its scrutiny of work-related expense claims and is using data analytics to detect deductions which are unusual or abnormally high relative to other persons in the taxpayer’s occupation or profession.

12.01.2022 Did you know you may be eligible for an extra two weeks to lodge and pay your quarterly activity statements when you lodge online with a registered TAX or BAS agent? Contact me to discuss your options..

07.01.2022 Did you know that all employers in the construction need to be registered? Contact me if you need more information.