Johnsons MME in Albury, New South Wales, Australia | Business consultant

Johnsons MME

Locality: Albury, New South Wales, Australia

Phone: +61 2 6023 9100

Address: 520 Swift St 2640 Albury, NSW, Australia

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

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• Business service
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• Accountant
• Business consultant

24.01.2022 At Johnsons MME we have been helping families and business owners plan the future for over sixty years. Good planning can alleviate uncertainty and in these particularly uncertain times, it perhaps has been never been more important.

24.01.2022 25 and 28 November are key dates this month. 25 November is the due date to lodge and pay quarterly activity statements for the September 2020 quarter (if lodged electronically through a tax agent or BAS agent). 28 November is the due date for employers who failed to pay the minimum superannuation guarantee contributions by 28 Oct 2020. Find out more detail here, http://www.johnsonsmme.com.au/resources/key_dates or talk to your Johnsons MME advisor.

22.01.2022 Quick tax tips regarding the taxation of COVID-19 Initiatives: If you have received any JobKeeper income, this needs to be reported as assessable income. The JobKeeper payments made to employees are deductible expenses. If you have received any Cash Boost payments from the ATO, these payments are not included as assessable income.... if you have any questions or need further information, please contact your Johnsons MME Advisor.

22.01.2022 Great work Sarah .... not only did she back the winning team on AFL Grand Final day (Go Tiges!!) she also completed her 50th Plasma Donation ... What a brilliant effort!! And today, she has completed her 51st donation. Congratulations Sarah - what a champion

21.01.2022 We're proud to partner with AlburyCity to bring Music In The Gardens to our community. And, we're looking forward to hearing Evergreen Ensemble on Sunday 15th November. https://www.alburycity.nsw.gov.au//park/evergreen-ensemble

21.01.2022 It is inevitable that due to health reasons, retirement or divestment, one day you will leave your business and you want to make sure you have a comprehensive exit plan in place. A good succession plan ensures your business will transition smoothly and you can maximise its capital value to your benefit. Identifying the best strategies to achieve the outcome you want is central to a good succession strategy. You may choose to grow your business to exit or identify sons or daughters to take it over. Good planning could alleviate uncertainty. At Johnsons MME we have been helping families and business owners plan the future for over sixty years. We work with you to identify your needs and match them with business objectives, ensuring our succession plan is achievable and realistic with the least possible stress.

21.01.2022 2020 - A year in review from our Managing Director, Gary Essex. I am pretty sure that 12 months ago if we all had to write down what was likely to happen during the 2020 year not many of us would have been able to predict what has happened. Read Gary's review here, http://www.johnsonsmme.com.au/blog/a-year-in-review-2020

20.01.2022 If you're a QuickBooks user, have you checked out this handy feature that helps you keep track of receipts and makes reconciling your books easier. https://quickbooks.intuit.com//prod/smart-receipt-capture/

19.01.2022 This time last year we were congratulating the Ovens & Murray Football Netball League Grand Finalists. While we can't do that this year, we are looking forward to the 2021 Season as sponsors of the Ovens and Murray Netball.

18.01.2022 The Victorian government has released a new round of grants to support businesses during the COVID-19 restrictions. Victoria - Business Support Fund (Round Three) Available Grants $10,000 if its annual payroll is less than $650,000.... $15,000 if its annual payroll is between $650,000 and $3 million. $20,000 if its payroll is between $3 million and $10 million. Who Can Apply Eligible applicants must: Operate a business located within Victoria. Be a participant in the Commonwealth Government's JobKeeper Payment scheme. Employ people and be registered with WorkSafe. Have an annual payroll of less than $10 million in 2019-20. Be registered for Goods and Services Tax (GST). Hold an Australian Business Number (ABN). Be registered with the responsible Federal or State regulator. The grant was due to open on Friday 18 September 2020. Contact us for support in applying for this grant.

18.01.2022 1 December is a key date for Companies and Superannuation Funds. Find out more about your obligations here, https://bit.ly/Dec2020KeyDates, or talk to your Johnsons MME Advisor

17.01.2022 A number of COVID-19 Business Support Packages have recently been announced. For a summary of these packages, head to our website. And if you have any questions about these packages, feel free to get in touch with us. http://www.johnsonsmme.com.au//recently-announced-covid-19

17.01.2022 You can take greater control of your business - the secret is good planning. Business planning looks at a wide range of issues including the balance between work and play. By understanding and documenting both your business and personal objectives, and developing action plans focused on achieving these objectives, your potential for both business and personal success is raised and the risk of failure and undue stress is reduced.

17.01.2022 21 November is the due date to lodge and pay monthly activity statements for October 2020. Tax obligations that may be payable include: GST, wine equalisation tax and luxury car tax for October 2020. PAYG withholding for October 2020 (medium withholders). PAYG instalment for October 2020 for monthly PAYG instalment payers.

17.01.2022 The Superannuation Guarantee amnesty period, introduced on 6 March 2020, is ending. It is important that if you have underpaid SG that you act now. To be eligible for the amnesty you must meet and fulfill all the following criteria: Have not been informed that the ATO is examining or intends to examine your SG obligations for the quarter(s) your disclosure relates to.... Disclose an SG shortfall for an employee that you haven’t already disclosed to the ATO (or disclose additional amounts of SG shortfall for a quarter previously disclosed). Disclose for quarter(s) starting from 1 July 1992 to 31 March 2018. Lodge the completed SG amnesty form with the ATO so it is received no later than 7 September 2020. Find out more here, https://www.ato.gov.au///superannuation-guarantee-amnesty/ Or contact your Johnsons MME Advisor to assist you.

17.01.2022 Tax Facts - Superannuation Guarantee In addition to employees' salaries and wages, employers are required to pay superannuation contributions on behalf of all eligible employees. This compulsory contribution is called the superannuation guarantee. The definition of employee for this purpose includes certain contractors. The minimum contribution from 1 July 2014 is 9.5% of each eligible employee's earnings base (usually their ordinary time earnings) and must be paid within 28 days after the end of each calendar quarter. Employers must also provide employees with a choice of superannuation fund.

17.01.2022 A final reminder that we will be closing the office from 5:30pm tomorrow, Tuesday 22 December 2020, until 8:30am Monday 4 January 2021. We wish you a safe and happy festive season and look forward to working together in 2021.

17.01.2022 Victorian Hospitality Business Grant Program Available Grants Grants of up to $25,000 (excluding GST) are available. Who Can Apply?... Eligible applicants include businesses that must: Operate a business with premises located in Victoria; and Operate a restaurant, cafe, pub, bar, club, reception centre, coffee and dessert outlet or takeaway food venue that serves patrons and hold a Class 2 or 3 Service Sector Certificate of Registration under the Food Act 1984 (Vic). Have an annual payroll of greater than $3 million and lower than $10 million in 2019-20. Be registered for Goods and Services Tax (GST) on 30 June 2020. Hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020. Be registered with the responsible Federal or State regulator. Not have received funding under the Victorian Live Music Venues Program and/or the Business Support Fund - Expansion program. There are a range of eligible activities the gran can be used for. Contact us for further detail or for support in applying for this grant.

16.01.2022 Christmas Gifts! If you provide gifts to your employees then below $300 (GST inclusive) is the magic number to avoid any FBT pain. If your gift is considered to be "entertainment" (eg tickets to sporting events, theatre or movie passes etc) and it is under $300 then it will be FBT exempt (minor benefits) and no tax deduction or GST credits can be claimed. If it is over $300 then FBT is payable and you can claim a tax deduction and GST credits. ... If the gift is "non-entertainment" (eg hampers, bottles of wine, gifts etc) and it is under $300 then it will be FBT exempt (minor benefits) and in this case a tax deduction and GST credits can be claimed. If it is over $300 then FBT is payable and you can claim a tax deduction and GST credits. If you give a gift to your clients then it will be FBT exempt and if it is considered to be entertainment then no tax deduction or GST credits can be claimed, however other gifts may be claimed as a tax deduction and any GST claimed. Please note that gifts of cash to employees are considered to be wages and will be subject to the normal PAYG withholding rules. Please contact your Johnsons MME advisor if you have any questions in relation to festive celebrations.

16.01.2022 Self Managed Super Funds (SMSFs) are the fastest growing segment of Australia's superannuation system. At Johnsons MME we provide specialist SMSF services to fund members, trustees on establishment, technical and strategic advice, right through to wind up. We have been assisting our clients with their SMSFs for over 30 years and have a breadth and depth of knowledge which is unique in the Albury Wodonga region.

16.01.2022 Here's to a new year filled with opportunities and success for you all. We look forward to working alongside you and achieving goals together.

14.01.2022 Do you know who this is? He's a: Cricketer Commanding Officer Marathon Runner... OAM recipient Fellow Chartered Accountant SMSF Specialist Advisor Johnsons MME Associate See more

11.01.2022 Don't forget to complete the JobKeeper Extension 1 monthly business declaration and inform the ATO of the payment tier being claimed for each eligible employee by 14 November. If you need assistance, get in touch with us this week.

11.01.2022 'Tis the season when many businesses start to plan end of year celebratory events to thank staff and clients. However, the last thing that they may consider is Fringe Benefits Tax (FBT). If you are planning on providing Christmas functions or gifts to your staff or clients, it is important that you are aware of the associated FBT implications. This includes: How much to spend?... Who do you invite? Where do we celebrate? Gift giving? The FBT rules can be complex. Talk to us if you have any questions regarding the provision of parties or gifts this festive season.

11.01.2022 Albury City Council Hardship Rates Relief Program The Albury City Council has established a financial assistance program for residential ratepayers who are having difficulty paying their rates as a direct result of the COVID-19 pandemic. For further information head to https://www.alburycity.nsw.gov.au//hardship-rates-relief-p

09.01.2022 The history, longevity and tradition of Johnsons MME are important and reflect the firm's ability to stay relevant to its clients over many decades. In fact, Johnsons MME has been the trusted advisor of many local families throughout generations.

08.01.2022 September is Prostate Cancer Awareness Month. Johnsons MME's social club showed their support by raising money for Prostate Cancer Foundation of Australia with an anti-social morning tea and raffle that raised $1,535.88. Although restrictions have limited the 'social' activities we can participate in, we are grateful for our social club's commitment to giving back to our community.

08.01.2022 On 11 November 1918, the guns of the Western Front fell silent after four years of continuous warfare. With their armies retreating and close to collapse, German leaders signed an Armistice, bringing to an end the First World War. Today at 11am we observe one minute’s silence in memory of those who died or suffered in all wars and armed conflicts.

07.01.2022 Are you going to be joining us at Music in the Gardens? This Sunday the Murray Riverina Jazz Orchestra will be performing. We are look forward to connecting our community with AlburyCity through song, and maybe a little socially distanced dancing! Bookings are essential. https://www.alburycity.nsw.gov.au//parks-and-playgrou/mrjo

06.01.2022 Wherever you are and however you celebrate, we hope you all have a wonderful day today.

05.01.2022 Changes to JobKeeper are effective from 28 September 2020. We have outlined the key dates with a brief explanation of the actions businesses need to take. http://www.johnsonsmme.com.au/blog/jobkeeper-key-dates

05.01.2022 Tax tips for business - Accelerated tax depreciation If you have purchased assets costing less than $150,000 you may be able to claim the full amount as tax deduction. You may also be able to claim a deduction equal to 50% of the cost of assets costing more than $150,000. For more information on this please see our recent 'Key Tax Planning Measures' Blog https://bit.ly/JMMEBlogTaxMeasures2020

04.01.2022 Right now, in these unprecedented times, business planning may well be one of the most important things a business needs to do. Business planning looks at a wide range of issues, both short and longer term, including the balance between working in the business and taking a moment for yourself.

04.01.2022 Applications for the Southern Border Grants are now open. Businesses located in the eligible local Government areas along the NSW and Victorian border can now apply for $5,000 and $10,000 Grants through Service NSW. Applications will be open for a six-week period and close 18 October 2020. The grant will have two tiers determined by certain eligibility criteria. Read the details of the eligibility criteria and eligible expenses here http://www.johnsonsmme.com.au//southern-border-small-busin

03.01.2022 In business, it is important to know your key dates. See when your upcoming Activity Statements and PAYG/GST instalments are due for September. https://bit.ly/JMMEKeyDatesResource

03.01.2022 On Tuesday 22 September 2020 the legislation for the JobKeeper Extension 1 & 2 alternative tests was finalised. There is a total of seven alternative test categories for different circumstances. We have summarised them in our latest update, http://bit.ly/JMMEJobKeeperAlternativeTests

02.01.2022 Applications are closing tomorrow. If you want to work for an award winning practice focused on promoting and facilitating the achievement of the business and personal goals of both our clients and our team members, then apply online at http://www.johnsonsmme.com.au/careers/vacancies We're looking for Trainees, Accountants and Senior Accountants! Apply today.

01.01.2022 There is a close alignment between sport and how Johnsons MME operates. We are proud to announce that our longstanding sponsorship commitments with St Patrick's Cricket Club will be continuing into 2021 through to 2023.

01.01.2022 A new NSW Small Business Grant has been announced, aimed at supporting businesses effected by the Border closure. For more information, head to our latest Covid-19 Update, http://www.johnsonsmme.com.au//southern-border-small-busin, or contact your Johnsons MME advisor

01.01.2022 Thanks to Donna, Mary and Jodi from Modo Coaching & Training for aspiring us to be better people...

01.01.2022 Don't be left behind. In Australia, we are seeing considerable social change as the largest cohort of baby boomers transition to retirement. This may see many business owners left behind in the rush to divest of their businesses. If you have not planned for succession, you may get left behind in the rush. As legendary racehorse trainer Colin Hayes once said, "The future belongs to those who plan for it." Talk to us about getting your succession plan in order.