Komplete Accounting Group in Oran Park | Financial service

Komplete Accounting Group

Locality: Oran Park

Phone: +61 1300 101 524

Address: Smart Work Hub, Level, 2 Oran Park Podium 2570 Oran Park, NSW, Australia

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

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• Tax preparation service
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25.01.2022 Clients, here is a link to the ATO for the Government Proposed Stimulus package. Key word is PROPOSED...its not in legislation yet. Watch this space for further updates.... https://www.ato.gov.au//The-Australian-Government-s-Econ/

25.01.2022 (NOT LEGISLATION YET) $10,000 Grant Announced by NSW Government this morning for small businesses that fell through the cracks under Federal government packages. Further info to be released and legislation to be passed. Here is a link for further info: https://preview.nsw.gov.au//10000-grants-to-provide-fast-r To be eligible, businesses will need to:... have between 1-19 employees and a turnover of more than $75,000 a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000 have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020 be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020 use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice provide appropriate documentation upon application. See more

25.01.2022 Reminder from the ATO re Payment Summaries for contractors within certain industries. For more information contact our office at [email protected] www.kompleteaccounting.com.au

24.01.2022 ATO now receiving data from Crypto Currency exchanges. Ensure you keep detailed records as if you were trading shares on the ASX.

23.01.2022 Looking to buy a property soon? .... come see our expert panel for a free property info night. Seats are limited so please register.

22.01.2022 STP passes both houses... so now every employer from 1July 2019 will need to lodge their payroll with the ATO on a regular basis. If you have questions or need help in setting your business up for STP call our office on 1300101524 or contact us on [email protected] www.kompleteaccounting.com.au

22.01.2022 Some tickets are still available. - 3 x $100 vouchers are available for the Narellan Town Centre. - Great panel of presenters - Free information session - Come along and be informed before you buy your next property.

22.01.2022 Clients with Discretionary Trusts.... please dont forget to download from our website (under downloads) the distribution resolution which needs to be completed before 30 June to remain compliant with the ATO. This document details how you wish your distribution to be split for the Financial Year. www.KompleteAccounting.com.au ... Unsure or have any questions please give us a call on 1300101524. Happy EOFY!!!

21.01.2022 Valid reasons to hold off lodging your tax return early this year.

21.01.2022 ATO Xmas Closure details

21.01.2022 A HUGE THANK YOU to All Aspects of Window Tinting & Gun Design. The KAG Meeting Room at our Oran Park Office is now complete and ready for the 2020 Tax Season. www.allaspectswindowtinting.com.au

19.01.2022 Honored to be invited by the TSA Board to attend the World Tax Association (WTA) Gala Dinner... sponsored by Taxpayers & Super Australia (TSA) ... 100 years of fighting for Australian Taxpayers.

19.01.2022 Late last year we promised something exciting. The time is here where we are excited to share our new trademarked logo. Fresh New Year...Fresh New Look

19.01.2022 Thank you for being a valued client for another year. The year has been busy but rewarding. Watch this space in 2020 as new changes will be coming to the Komplete Group. We will be closed from today till the 13/1/2020.... Please be safe, enjoy the festive holidays, rest and take the time to spend with loved ones. We look forward in working with you in 2020. The Komplete Accounting Team.

17.01.2022 We welcome that the Government are working hard and announcing a second stimulus package. However, to the best of our knowledge, it is still not legislation yet. We are hearing that Government will be hopefully passing these tomorrow. Stay tuned.

17.01.2022 We have some amazing news! We have been approved to join the prestigious "Property Investment Professionals of Australia (PIPA)" Only the most ethical and professional advisors are privileged to join.... Another HUGE MILESTONE for KAG!!!

17.01.2022 JOBKEEPER PREREGISTER ATO LINK (NOT LEGISLATION YET) Dear Valued clients, The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.... Eligible Employers are: their business has a turnover of less than $1 billion and their turnover has fallen by more than 30 per cent (of at least a month); or their business has a turnover of $1 billion or more and their turnover has fallen by more than 50 per cent (of at least a month); and the business is not subject to the Major Bank Levy. Eligible employees are employees who: are currently employed by the eligible employer (including those stood down or re-hired) were employed by the employer at 1 March 2020 are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 1 March 2020) are at least 16 years of age are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder are not in receipt of a JobKeeper Payment from another employer Under this initiative you will need to register through the ATO. This can be done at https://www.ato.gov.au/Job-keeper-payment/ Further information can be found at https://www.business.gov.au//coronavirus/jobkeeper-payment Legislation is expected to be passed next week.

17.01.2022 2018 FEDERAL BUDGET: Very much a Pre-election budget. However some key take aways: - $20,000 Instant Asset Write Off continued for another year to Small Businesses. - Tax Brackets increased saving on Tax bracket creep. - Income tax offsets increased to save approx $500 per Australian on low - middle incomes.... - Plan to ABOLISH the 37.5% Tax Bracket - although to come into effect in 2024FY - ATO given the power to find lost super and automatically roll it to an active super fund for Tax payers - LIBERAL committed to flowing franking credits back as refunds to low income earners. If you would like any further info on the budget or any other Tax Questions, Please give us a call on 1300 101 524.

14.01.2022 Feeling the love and appreciation from clients this 2020 Tax Season

12.01.2022 ATO set to double their audits on Property Investors... make sure your accountant is a specialist in this area... If not... call us as this is our area on 1300101524 or check out our website www.KompleteAccounting.com.au

11.01.2022 Super release scam going around ... if you receive a text from the ATO saying "We have approved your application to access your super through COVID-19 early release of super. We have notified your super fund/s who will generally make payment within 5 working days. If you did not lodge this application contact us immediately. Australian Taxation Office".

11.01.2022 Stimulus Package UPDATE To our business clients, The proposed stimulus package (Phase 1) to the best of our knowledge is still yet to be passed into legislation.... We are expecting this to be passed next week so will be happy to announce the actual measures (which we hope will remain unchanged from media announcements over the last week, but it is possible that it will change) Please keep watching this space. If you have any questions happy for you to call the office.

10.01.2022 ATO dusting old data match techniques

10.01.2022 2020 Lodgement of Tax Returns. To all our valued clients, this should be the first year for all, where your employer will submit your payment summary to the ATO electronically with no hard copy. Because of this, we wont be preparing individual tax returns until August 2020. That way all stakeholders such as your employer, bank, private health insurers and the ASX will have 4 weeks to finalise their reports and submit to the ATO. This will also give you plenty of time to obt...ained all your other documents for us to maximise your refunds. Please dont forget to download our checklists at www.KompleteAccounting.com.au SEE YOU ALL SOON.

09.01.2022 TAX VIEW ON 2019 ELECTION If you decide to vote for LABOR on Election Day in 2019, you are VOTING TO PAY MORE TAX!!! Some examples of LABORS TAX POLICIES are the following: - If you own shares, and your taxable income is less than approx. $110,000 you will NO LONGER RECEIVE A TAX REFUND. - Limit Negative Gearing to ONE Investment Property... - If you sell any Shares or Properties (that is not your home, otherwise exempt and assessable as a CGT event), you will be paying an extra 25% TAX on it. (e.g @ a 30% tax rate, held for > 12 months, that is an increase of Tax Payable of $7,500 per $100,000 GAIN. So $400,000 gain = $30,000 IN MORE TAX!!! GONE!!! - Pay minimum 30% tax on all Trust Distributions (this is an equivalent of a taxable income of approx. $120,000) - If you want some Professional Tax Advice or want assistance in preparing your tax returns those fees will be capped to $3,000 p.a. Any excess will be non-deductible. - If you earn over $180,000 be ready to re-begin paying the Budget Repair levy of 2%. Thats an extra $3,600. - Labor will decrease the Non Concessional Contributions to super from $100,000 to $75,000. Meaning you will have less in super to fund your retirement and pay more tax on that difference that would no longer be able to contribute into super. - In terms of tax benefits, both Parties are offering the exact same, so only under this 2019 LABOR election will you be paying more. Footnote: This post is not designed to compare all government policies only the tax policies and how it will negatively affect Aust Taxpayers. See more

09.01.2022 Coronavirus Economic Response Package Omnibus Bill 2020 has now been passed by both houses. Below is a link to the legislation. We will be compiling a summary and circulating as soon as possible. https://www.aph.gov.au//Bills/Bills_Search_Results/Result

07.01.2022 The $30,000 write off passed both houses today for small business.

07.01.2022 $5,565.84 extra refund by seeking a specialised property investment Tax Accountant New property investor client to KAG this year. Client didnt know what a depreciation schedule was or how to obtain one for his investment property. We assisted in arranging one for the client and got him an extra $5,565.84 in his 2020 FY tax refund... and this is only for the first year ....cant wait to see how much tax we can save him next year.... It pays to have the right advisor in your corner.

06.01.2022 New Tax Offset passes both houses.

05.01.2022 ATO finalising coming to some common sense... on one aspect at least. STP still rolling out.

03.01.2022 Ensure you have your documents this year as the ATO is cracking down on Work Related Expenses and Property Investors.

01.01.2022 Not a good start to Tax Season.

01.01.2022 2019 Liberal Federal Budget: Good win for small business owners from tonight. Instant Asset Write Off INCREASED to $30,000 from $20,000.