JudsonKoman in Brisbane, Queensland, Australia | Tax preparation service

JudsonKoman

Locality: Brisbane, Queensland, Australia

Phone: +61 7 3367 1994

Address: Level 5, 11 Finchley Street 4064 Brisbane, QLD, Australia

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

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25.01.2022 Have you missed the STP start date? Small employers had until 30 September to start reporting through Single Touch Payroll (STP). There are 3 options if you missed the deadline:

25.01.2022 Our story.... JudsonKoman was developed out of dissatisfaction by the principals as to the typical method of delivering accounting services to business owners in the Brisbane market

24.01.2022 We have moved! Our new office is located at Level 5, 11 Finchley Street, Milton Q 4064 (200m up the road from the old premises). We look forward to seeing you in our new premises shortly. Parking is still available in the visitor bays out the front.

24.01.2022 There have been some tax changes for individuals for 2018-19 in relation to: Low and middle income tax offset (LMITO); Downsizer contributions to superannuation; First Home Super Saver scheme (FHSS); and ... PAYG summaries (Group Certificates). See more

24.01.2022 Do you have a financial forecast in place to navigate through the next phase of the economic cycle?

22.01.2022 Our latest video regarding changes to payroll reporting to the ATO. The move to single touch payroll reporting (STPR) sets a new standard for payroll reporting in Australia. The ATO will now have access to real time payroll data. What will change?... -ordinary time earnings, salary and wages, allowances, deductions, superannuation information and Pay-As-You-Go (PAYG) withholding information will be reported and available to the Commissioner in real time when payroll is processed by the employer -employers will need to upgrade their software (Xero, MYOB, etc) to be STPR compliant to enable them to comply with their PAYG withholding obligations -the STPR reports for PAYG Withholding will become the approved form for reporting PAYG Withholding (currently this information is reported via the instalment activity statement or business activity statement) -under STPR, employers that have reported their PAYG Withholding obligations will have their PAYG Withholding information refilled on their BAS by the ATO -large withholders will no longer report PAYG Withholding on their activity statements -employers will no longer be required to submit an annual PAYG report to the ATO -employers may no longer need to provide payment summaries to employees, as the employees will have access to their payroll information via their myGov account. What remains the same? -if the employer does not elect to pay their PAYG Withholding liability at the same time as they report it under STPR, there is no change to the due date of the PAYG Withholding liability. Large employers will still need to remit weekly, medium sized employers will remit monthly, and small employers will remit quarterly. -the STPR does not change the payment due date for superannuation guarantee purposes, being generally on or before the 28th day following each quarter -employers will still continue to be able tp adjust or correct data in their activity statement. When does it start? Businesses can opt to commence STPR from 1 July 2017, however mandatory reporting will start from 1 July 2018 for businesses that employ 20 or more people* 1 July 2019 for businesses that employ less than 20 people. *The employee head count is at April 1 2018 -STPR will be required even where your head count subsequently falls below 20 employees (grouping occurs for employers of businesses held within wholly owned groups) For more information regarding STPR, please refer to the ATO website at the following address: https://www.ato.gov.au/about-ato/abou... Alternatively, please contact us at: JudsonKoman 20 Mayneview Street Milton Q 4064 PO Box 329 Toowong DC Q 4066 www.judsonkoman.com.au

22.01.2022 SWIPE: There have been some tax changes for individuals for 2018-19 in relation to: Low and middle income tax offset (LMITO); Downsizer contributions to superannuation; First Home Super Saver scheme (FHSS); and ... PAYG summaries (Group Certificates). @ Milton See more

19.01.2022 Our Amazing Team

17.01.2022 This week, I want to go through the importance of having a financial forecast with you. Given the economic uncertainty surrounding the final impact of corona virus and removal of Government subsidies, if any business owner ever needed an excuse to prepare a financial forecast, they’ve now got one. The goal of the forecast is not to try and predict with absolute precision about what sort of downturn the economy or your business may suffer. What is required is for all of us to ...Continue reading

16.01.2022 Todd began his accounting career with Insolvency specialised Chartered Firm, SimsPartners, in 2004. He then moved to Grant Thornton to work in their Privately Held Business Services Division for just over six years. During this time Todd attended to the accounting and taxation needs of several key clients ranging from small start-ups to medium-sized multinationals. Here he developed particular industry experience in property development and investment, professional service...s including medical and legal practitioners as well as rural and primary production businesses including horse breeding. Todd’s business advisory experience was enhanced when he completed a secondment with Grant Thornton’s Recovery and Reorganisation division, working on Investigative Accountant reports. This required a high level of financial analysis to determine businesses’ trading patterns and successes as well as providing guidance on areas for improvement to increase business profitability. These skills and expertise have been further developed by assisting clients with significant refinancing arrangements and implementation of cash flow tools and complete three-way forecasts. Todd also has experience helping clients with Tax Reviews and ATO settlement negotiations including Trust Taxation matters.

15.01.2022 Hi All, I’ve committed to conquering 72 kilometres this September to raise funds for Prostate Cancer Foundation Australia (PCFA). I’m taking on The Long Run to support the 1 in 6 men in Australia who will be diagnosed with prostate cancer.... I’d love for you to support me on this challenge and make a donation to PCFA. Every dollar will support men and their families impacted by prostate cancer and motivate me to smash my 72km target. You can make a donation on my page here: https://www.thelongrun.org.au/fundraisers/ianjudson Thank you so much for your support. Ian

14.01.2022 Ian began his career in 1993 at Johnston Rorke as a graduate accountant after which he moved to Ernst & Young in 1997 as a manager in the Entrepreneurial Services Division, where he assisted emerging and medium sized businesses. In 1998, he accepted a contract to work in the Solomon Islands for an associate firm of Ernst & Young named Goh & Partners. There he held the position of senior manager in Audit and Corporate Services and was the key contact on engagements between Ern...st and Young Australia and the Solomon Islands Government. When his contract expired, Ian moved back to Australia in 2000 to take up a position at Grant Thornton, as a senior manager, and as a director from 2003, in the privately held Business Services Division. Ian left Grant Thornton in July 2009 to set up his own chartered accounting firm, Judsons Financial Management Services until July 2015 when the firm merged to become JudsonKoman. With a specialist focus on business planning and strategic growth, Ian has worked with clients in establishing strategic plans for businesses and has acted as mentor and coach to many of his clients. Ian also has high level tax experience having worked closely with the firms’ tax divisions on a number of key clients in the property and construction industry. Ian is now a International Business Coach and regularly runs Strategic Planning Sessions and meetings within his client base.

12.01.2022 SWIPE > The ATO has produced the following table outlining the lodgement dates for 30 June balancers. If you use a substituted accounting period, different dates will apply. @ Milton

09.01.2022 Here are some key dates for. You to keep in mind when lodging and paying tax in relation to individual returns. You should talk to your tax advisor to determine which date is relevant to you. @ Milton

07.01.2022 Most businesses will be familiar with the ‘same business test. However, from 1 March 2019, there is also a more flexible test called the 'similar business test'. The purpose of these tests is to determine whether a company’s tax losses and net capital losses from previous income years can be used. The new test should make it easier to access past year losses when companies enter into new transactions or business activities.... Under the similar business test, a company (and some trusts) can access losses following a change in ownership where its business is similar having regard to various factors, including the: assets used by the business to generate assessable income; activities and operations used to generate assessable income; identity of the business; and changes resulting from the development or commercialisation of assets, products, processes, services, or marketing or organisational methods.

05.01.2022 Did you know we have a YouTube channel? For helpful videos on Single touch payroll summaries, LinkedIn response and many more.... Search JudsonFMS

03.01.2022 Simpler depreciation for small business In April 2019, the Government raised the instant asset write-off threshold to $30,000 from Budget night and expanded the number of businesses who could access the write-off to businesses with turnover less than $50 million. The write-off will be accessible to eligible businesses until 30 June 2020. Businesses are in a situation where they will have to deal with three different thresholds in the 2019 income year if they want to actually ...claim the offset. The thresholds will apply in the following way for the 2019 income year: assets costing less than $20,000 from 1 July 2018 to 28 January 2019 (for businesses with turnover less than $10 million); assets costing less than $25,000 from 29 January 2019 to 2 April 2019 (7.29pm) (for businesses with turnover less than $10 million); and assets costing less than $30,000 from 2 April 2019 to 30 June 2019 (7.30pm) (for businesses with turnover less than $50 million). It is important to note that the instant asset write-off threshold now includes businesses with a turnover from $10 million to less than $50 million.

02.01.2022 Alissa began working as a graduate accountant with Grant Thornton, Brisbane in early 2002. After three years, she quickly became senior accountant within one of the Business Advisory Services teams at Grant Thornton and worked closely with a number of clients under her responsibility. In 2008, Alissa accepted an overseas secondment with the Grant Thornton Milton-Keynes office in the United Kingdom where she worked in their special projects team attached to the audit division. Alissa returned to Australia as a manager in the Business Services Division before leaving in 2009 to start her own bookkeeping business. Alissa now works in a permanent part time manager role with the firm servicing a number of key clients.