JPO Lifestyle Accountants in Alfred Cove | Local service

JPO Lifestyle Accountants

Locality: Alfred Cove

Phone: +61 8 9329 9337

Address: Unit 12, 1 North Lake Road 6154 Alfred Cove, WA, Australia

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

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25.01.2022 Check the resource for financial assistance https://treasury.gov.au//Fact_sheet-Assistance_for_busines

24.01.2022 SINGLE TOUCH PAYROLL // Its not too late to join the other 550,000 employers who are reporting through Single Touch Payroll (STP), but time is running out. If you arent reporting through STP, you can start by: finding a software solution thats right for you.... asking for a concession. This could be reporting quarterly at the same time as your activity statement. Eligibility will depend on your circumstances. asking for more time if you're not ready. Get in touch if we can be of service.

24.01.2022 The ATO believes that work-related expenses claims are the biggest element in that "8.7 billion tax gap" and have signalled that they'll be looking closely at these deductions this year. In particular, they'll be looking closely at: Claims for work-related clothing, dry cleaning and laundry expenses (for instance, the ATO has flagged that it will be checking taxpayers who take advantage of the exemption from keeping receipts for people who spend less than $150 on laundry exp...enses - the ATO believes too many people are claiming this without actually incurring the expense). Deductions for home office use, including claiming for "occupation" costs like rent, rates and mortgage interest, which are not allowable unless you're actually running a business from home. Overtime meal claims. Union fees and subscriptions. Mobile phone and internet costs, with a particular focus on people who are claiming the whole (or a substantial part) of the bill for their personal mobile as work-related. Motor vehicle claims where taxpayers take advantage of the 68 cents per kilometre flat rate available for journeys up to 5000km (the ATO is concerned that too many taxpayers are automatically claiming the 5000km limit regardless of the actual amount of travel). Incorrectly claiming deductions under the rule that allows taxpayers who have incurred work-related expenses of $300 or less in total to make a claim without receipts (the ATO believes that some taxpayers are claiming this - or an amount just less than $300 - without actually incurring the expenses at all). If you have any questions or concerns about your situation, get in touch. (08) 9329 9337 [email protected]

23.01.2022 This does not mean that you need to spend your holiday collecting the receipts from all the boxes, drawers, gloves compartment, under seat car...

23.01.2022 The government announced proposed changes to the JobKeeper Payment program including: an extension of the program to 28 March 2021 turnover tests to determine eligibility tiered payments for eligible staff... These proposed changes will not impact JobKeeper Payments until after 28 September 2020. For more info: https://treasury.gov.au/coronavirus/jobkeeper/extension

22.01.2022 Australias federal government Stimulus Plan In response to the coronavirus pandemic, the federal government has announced a $17.6 billion economic stimulus package, equivalent to 0.9% of GDP, which includes support for businesses in Australia. The stimulus package includes a commitment from the government to: Subsidise half the wages of 117,000 apprentices in small businesses Provide one-off $750 payments to more than six million Australians to spend in our economy now (almo...st two and a half million pensioners will receive this support) Provide direct cash support of up to $25,000 for small and medium-sized businesses which employ over seven million Australians to boost their cash flow Back businesses to keep investing by increasing tax incentives to help them buy new equipment now. For more information on the Australian Governments Economic Response to COVID-19 visit treasury.gov.au/coronavirus Creating and reviewing business continuity plans If you dont have a written plan for how you intend to cope with disruption to your business, now is the time to put one together. If you do have a plan in place, its worth reviewing it on an ongoing basis. A sound business continuity plan will help you prepare for any disruption so you can return to normal as quickly as possible. Business.gov.au has some useful resources on how to protect yourself and reduce risks to your business when things dont go to plan. Staying well informed Keeping reliably informed, understanding the symptoms of COVID-19 and staying up to date with developments will help you and your clients to make better decisions amongst all of the confusion. Keep up to date with the latest alerts here: World Health Organisation Australian Department of Health ACT Department of Health NSW Health NT Department of Health Queensland Health SA Health TAS Department of Health Victoria Department of Health and Human Services WA Department of Health Predicting cash flow Its always a good idea to keep a watchful eye on cash flow, particularly during times of uncertainty when supplies and sales may slow down.

22.01.2022 Let us know if we can help you! Have you declared all your business income? When it comes to reporting your business income this year, make sure you include all of your income.... It's important to get this right, as you can only claim a deduction for expenses that are related to earning your business income. Ask yourself whether you received any of the following: cash payments; payments through coupons, vouchers or gift cards; rent from business assets, or income from other business activities; interest from your business bank account or money from other business investments; income paid into a different account, such as PayPal; income you earn through the sharing economy; capital gains made by your business. These may all be business income that you need to report, so make sure you keep accurate and complete records of them. If you already have lodged your tax return for 2019 and forgot to declare some income we can make an amendment to correct it.

21.01.2022 How to look after yourself and your business in turbulent times 1. Health and Wellbeing 2. Stay Up to Date 3. Be Adaptable... 4. Continue Your Marketing 5. Financial Management Click to read our tips, from Peter Oudejans, resilience expert Julie Warburton, and marketing expert Jo Saunders. - https://mailchi.mp//how-to-look-after-yourself-and-your-bu

20.01.2022 ATO January Due Dates are coming even closer ... 21 January Lodge and pay quarter 2, 201920 PAYG instalment activity statement for head companies of consolidated groups. Lodge and pay December 2019 monthly business activity statement except for business clients with up to $10 million turnover who report GST monthly and lodge electronically. 28 January... Make quarter 2, 201920 super guarantee contributions to funds by this date. Employers who do not pay minimum super contributions for quarter 2 by this date must pay the super guarantee charge and lodge a Superannuation guarantee charge statement quarterly (NAT 9599) by 28 February 2020.

19.01.2022 Turnover dropped 30%? Apply for Jobkeeper by 30 April - https://mailchi.mp/4fb9ae49240d/jobkeeper

19.01.2022 JOBKKEEPER CHANGES // The government has extended JobKeeper until 28 March 2021. There are two extension periods, each with two payment rates; Extension 1... 28 September 2020 to 3 January 2021 Tier 1: $1,200 per fortnight Tier 2: $750 per fortnight Extension 2 4 January 2021 to 28 March 2021 Tier 1: $1,000 per fortnight Tier 2: $650 per fortnight Discover more or give us a call to discuss your eligibility. #JobKeeper #SmallBusiness #COVID

18.01.2022 Health and Wellbeing Taking care of the physical and mental health of yourself and your team is critical. What do you have in place to manage risk in your business, which includes health and wellbeing? If you are still delivering your services to clients and customers, do you have back up plans in case key team members get sick or are unable to work? At a time when individuals are being challenged from so many aspects of life mental health and wellness is important. Fear, ...confusion and stress can impact our mindset and ability to be resilient. Protect your wellbeing by trying some of the following; Be sure to move, even if you are stuck at home. Get some fresh air Meditate Be present with those around you Make a list of opportunities to help others If you are feeling stressed reach out to our resilience expert. Julie Warburton can help you through the feelings of overwhelm, lack of control, confusion and fear via virtual coaching. http://juliewarburton.com.au/working-t/individual-coaching/ For a complimentary 10 minute "De-Stress tips" chat or to book a 1 hour skype session call Julie 0412754179.

18.01.2022 The JobKeeper Payment has been extended. If you have questions about your situation, please get in touch with your friendly accountant. #JobKeeper

17.01.2022 Is your turnover down 30% or more due to COVID-19? Apply for JobKeeper today to get access to government support. Watch this 16-minute video to discover how JobKeeper can apply to you. We can apply for it behalf of our clients. Get in touch if you have any questions.... Featuring Jo Saunders of Wildfire Social Marketing and Peter Oudejans. #JobKeeper #PerthBusiness

17.01.2022 Continue Your Marketing Marketing is something we often leave until we are desperate for business, and right now many business owners are feeling the strain. If you are at the point of scaling back or closing shop in the short term, consider keeping your marketing going. Rather than promoting your products and services, focus on adding value, and being of service to your community. This will keep you connected, relevant and visible. But dont add noise for the sake of marketing.

16.01.2022 JOBKEEPER PAYMENT // Does it apply to your business? May declarations must be in by 14th June to claim. If you have questions, get in touch.... #JobKeeper #Accountant #Perth Business

16.01.2022 FINANCES // How are you tracking towards your goals? Are you confused about how to use your accounting software to get the reports you need? Let us know below which software you use and what questions you have. Watch this space for educational content to help you better manage your business finances and get closer to your goals. #BusinessFinance #BusinessGoals #Accounting

14.01.2022 There is now COVID19 Cashflow assistance for small business. This is being implemented as we speak and should be implemented by Wednesday. See website factsheet below: https://treasury.gov.au//Fact_sheet-Assistance_for_busines

14.01.2022 Have you received your JobKeeper payment? Each month you must make a declaration to claim JobKeeper payments for the previous month. Your May declaration must be in by 14 June.... Read more: https://mailchi.mp/71d5c35f66c0/jobkeeper-6923044

14.01.2022 JobKeeper updates in case you missed them The Australian Government is adjusting the JobKeeper Payment to ensure that businesses and employees can access the help they need as the COVID-19 situation rapidly evolves. The turnover tests for the JobKeeper Payment extension period will be amended to be based on actual turnover in the September quarter (for 28 September 2020 -3 January 2021), and actual turnover in the December quarter (for 4 January -28 March 2021).... The reference date for assessing employee eligibility for the JobKeeper Payment will also change from 1 March to 1 July 2020. This means that the JobKeeper payment can be claimed for employees who started after 1 March, or casual employees who have worked for the same employer on a regular basis for 12 months as at 1 July 2020. Info from the Australian Government https://www.australia.gov.au/jobkeeper-payment-and-coronavi

13.01.2022 JobKeeper Reminder - Are you up to date? Get in touch if you are behind. https://mailchi.mp/453b567223ed/jobkeeper20

12.01.2022 2021 // When did you last review your business goals? Have you started planning for the new year? After a challenging year for many businesses, it may be useful to review and reset your goals particularly if you have had to pivot. If you want to discuss how your goals align with your finances, get in touch. ... #BusinessGoals #SME #PerthBusiness

11.01.2022 Have your employees worked from home during COVID? They may be able to claim a deduction for expenses incurred relating to their work. These can be additional running expenses such as electricity, the decline in value of equipment or furniture and phone and internet expenses. There are three ways of calculating home office expenses depending on your circumstances. The methods are the:... 1. Shortcut method (80 cents) available 1 March to 30 September 2020 2. Fixed rate method (52 cents) 3. Actual cost method More info: https://www.ato.gov.au//deductions-yo/home-office-expenses #TAX #ATO #COVID

11.01.2022 JobKeeper Payment Scheme Update If you have enrolled for JobKeeper Payment and were legitimately entitled to it you can continue to receive job keeper in future months even if your income has increased and is no longer 30% below. Once enrolled, continue to declare and you will continue to get JobJeeper.... Don't forget to get your May declaration in. Please call Peter if you have any queries. #JobKeeper #COVID19

11.01.2022 LIVE info for small business, with Senator the Hon Michaelia Cash, Minister for Employment, Skills, Small and Family Business. The Minister discusses how small business owners can benefit from the government announced stimulus packages. #COVID19 #SmallBusiness

10.01.2022 LAST CHANCE to get your Jobkeep Payment declarations in for May. If you are struggling, get in touch. #JobKeeper

10.01.2022 MONTHLY DECLARATION // complete a monthly business declaration with the payment tier being claimed for each eligible employee by 14 November You are entitled to the tier 1 rate for your eligible employee, eligible business participant or eligible religious practitioner if they satisfy the 80-hour threshold, otherwise tier 2 may apply. If unsure, please ask us for guidance.... More info: https://www.ato.gov.au/Gen/JobKeeper-Payment/Payment-rates/ #JobKeeper #ATO #COVID

09.01.2022 JOBKEEPER PAYMENT // May declarations must be in by 14th June to claim. Not sure what to do, get in touch with your friendly lifestyle accountant. #JobKeeper #COVID19 #PerthSmallBusiness

09.01.2022 ATO Small Business Newsroom - Bushfire Support Devastating bushfires continue to burn across large parts of Australia. If youve been impacted by these bushfires, don't be concerned about your tax affairs. Now is the time for you, your family and community. We'll help you sort out your tax affairs later.... Where your business or residential address is in one of the identified bushfire impacted postcodes, we've automatically applied deferrals for lodgments and payments due. You or your agent do not need to apply for this deferral. We have also automatically fast tracked your refund if you have one due to you. Employers will still need to meet their ongoing super guarantee obligations for employees. If you arent able to meet the deferred due date, we can work with you to find a solution. Phone our Emergency Support Infoline or speak with your registered tax professional. We also dont want you to worry if you've been impacted by the bushfires but are not in an identified postcode. Contact us when youre ready and we will help you to get back on track. For more information around specific support available, you can visit our dedicated bushfire webpage.

08.01.2022 Financial Management Now may be a good time to ask for a 6 month non repayment period on your loans (ask for no credit implications), contact your bank to review your interest rates, and negotiate your debts. If you need super and you are not of retirement age you should be able to contact your superfund and get $10,000 this year and another $10,000 next year as a once off payment. Let me know if I can be of service to negotiate your obligations and organise payment plans wit...h the ATO. Review your risks and put plans in place to mitigate the disruption that is here. With things escalating daily, try to focus on the things you can control or influence in your business, and make a plan to be in positive action. Supporting small business in Western Australia is one way to make an impact. Every little bit counts. Everyone should be eligible for a covid19 payment. For more info click here.

08.01.2022 Cash Flow during the festive season Juggling cash flow is hard at the best of times in small business, but its super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. Most of small business owners say that at least some of their business worries are related to cash flow and they even feel stressed during the holiday period because of cash flow problems in their business. But with a little forward planning, you can make su...re that youve got your ducks lined up to make sure your business runs smoothly during this period. 1. Consider the potential trading influx 2. Forecast cash flow 3. Invoice early 4. Plan leave early 5. Deal with late payers 6. Clear stock 7. Plan for tax time 8. Smarten up for the future See more

07.01.2022 I received this from Greg Clough at Onyx Finance Pty Ltd Positive things to do about your loan NB: I immediately called my bank and they have lowered my interest rate.... With the whole world in turmoil there are many things out of our control. However, that is not an excuse to stick our head in the sand and not take action with matters we do control. Here are a few ideas for you: 1. Check what interest rate you are paying today! If you believe it's too high. Don't donate your hard-earned money to the bank. 2. If you have equity in a property seriously consider creating a fighting fund, in case your income circumstances change. Use the fighting fund to make or top up repayments, rather than stressing about missing mortgage payments. 3. All lenders have hardship policies. Explores the following if things become tough. * Hold or cut loan repayments. * Extended interest free periods. * Partial or whole debt waivers. There are experts in the debt negotiation field. Call Peter if you are having a challenge here. Greg's important message to you is to take action now and not wait. Control the controllables.

05.01.2022 GOVERNMENT STIMULUS - What is your small business eligible to receive? Get your questions answered by Senator the Hon Michaelia Cash, Minister for Employment, Skills, Small and Family Business about how you can benefit from the Government Support. Find out on Monday 30 March 2020 at 1pm via the Business Station Inc Facebook Page for a Facebook Live discussion. There have been a number of announcements made by State and Federal Leaders regarding the support being made availab...le to small business owners. But do you understand what this means for your business and how to access the stimuli? Ask your question prior to the Facebook Live: https://form.jotform.com/200830586819057 Please get in touch if you would like a chat. #COVID19

05.01.2022 Enjoy the Festive Season!

05.01.2022 May the Christmas season fill your home with joy, your heart with love and your life with laughter. Wishing you a very Merry Christmas and we look forward to seeing you in 2020.

04.01.2022 ATO issues urgent warning over sophisticated tax scam The ATO has issued an urgent warning about a sophisticated scam which has resulted in millions of Australians divulging personal information. According to the ATO, fraudsters conned Australians out of $149 million last year by adopting technology which impersonates secure government websites. One of the most recent tax scams to surface is refund notification which comes via SMS and features a link which takes users to a fa...ke myGov website. After clicking on the link, users are requested to verify their bank details, along with other personal information. To make the text messages seem more legitimate, scammers are using technology that causes them to appear in your genuine ATO message feed, reads information about the scam on ATOs website. The ATO will never send an email or SMS asking you to access online services via a hyperlink. PROTECT YOURSELF FROM SCAMMERS Know your tax affairs you can log into myGov to check your tax affairs at any time, or you can contact your tax agent or the ATO Guard your personal and financial information be careful when clicking on links, downloading files or opening attachments. Only give your personal information to people you trust, and try not to share it on social media If you are unsure about whether a call, text message or email is genuine, dont reply. Call the ATO on 1800 008 540 to verify Know legitimate ways to make payments scammers may use threatening tactics to trick their victims into paying false debts via prepaid gift cards or by sending money to non-ATO bank accounts. To check that a payment method is legitimate, visit ato.gov.au/howtopay Talk to your family and friends about scams if you or someone you know has fallen victim to a tax-related scam, call the ATO as soon as you can.

04.01.2022 Preparing your business against coronavirus https://www.smallbusiness.wa.gov.au//preparing-your-busine

03.01.2022 From the ATO Small Business newsroom: Did you know using a simple statement like 'I dont like pineapple on my pizza!' as a password can take more than one year and costs scammers $107,000 to crack? The reason it's a great password is it: -is easy to remember -has 35 characters... -includes an apostrophe, exclamation mark and spaces. This is just one of the tips you can find in a range of resources available to help you protect your business. These resources have been developed by us and the Australian Cyber Security Centre (ACSC) who recently surveyed small businesses about cyber security. The ACSC found 75% of small business owners surveyed are responsible for their own IT and almost half say they dont know enough about cyber security.

02.01.2022 COVID19 USEFUL LINKS With so many resources, be sure to use trusted sources. Latest update from PMC: https://www.pwc.com.au//taxtalk-alert-tax-breaks-and-cash-... Government support for Business in Australia: Dept of Health Coronavirus alerts: https://www.health.gov.au//novel-coronavirus-2019-ncov-hea Australian Government updates including restrictions, and financial and business support: https://www.australia.gov.au/ Fair work for workplace obligations and entitlements https://coronavirus.fairwork.gov.au/ SBDC small business stimulus package: https://smallbusiness.wa.gov.au//coronavirus-stimulus-pack ATO: https://www.ato.gov.au//In-de/Specific-disasters/COVID-19/ Office of the Australian Information Commissioner https://www.oaic.gov.au//coronavirus-covid-19-understandi/ Dept of Mines, Industry Regulation and Safety https://www.commerce.wa.gov.au//coronavirus-covid-19-faqs- ACCC dealing with refunds and cancellations https://www.accc.gov.au//covid-19-coronavirus-information- Safework Australia: https://www.safeworkaustralia.gov.au//coronavirus-covid-19 World Health Organization:https://www.who.int/emergen/diseases/novel-coronavirus-2019

02.01.2022 TOMORROW from 10am hear about the WA state government stimulus packages and how they can be accessed by small business owners from Aaron Morey, Chief Economist and Director at Chamber of Commerce and Industry WA, going live with Business Station Inc Aaron will provide insights on how he thinks COVID-19 will impact the WA economy now and in the future, and how businesses can implement processes to build resilience. Tune in to hear about the support available from CCIWA, the St...ate Government and Business Station. Register for this FREE event. #COVID19 #SmallBusiness

02.01.2022 JOBKEEPER // Have you received your first payment yet? Changes to the JobKeeper Payment application process have resulted in confusion and some people haven't received their payment yet. After the initial application, you need to get a declaration in to qualify for your first payment. The deadline to contact the ATO and get your declarations in for the first payment has been extended by a few days.... New Deadline - 11 June 2020 If you are unsure about what to do or need help give me a call. I am happy to assist my clients in progressing your application. #JobKeeper #COVID19