Kaias Phillips in Fairfield, Victoria | Tax preparation service

Kaias Phillips

Locality: Fairfield, Victoria

Phone: +61 3 9489 5888

Address: 129 Station Street 3078 Fairfield, VIC, Australia

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

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• Business service
• Tax preparation service
• Accountant
• Business consultant

25.01.2022 Give us a call if you require assistance in sorting your tax records for the end of the 2019 financial year.

22.01.2022 If your business is in the building and construction industry, or if you provide cleaning or courier services and paid contractors for these services, your Taxa...ble payments annual report (TPAR) is due by 28 August You'll need to include the ABN, name and total amount you've paid to your contractors for the year. We use info from your TPAR to help pre-fill individual (sole trader) contractor tax returns, check contractor GST registrations and make sure ABNs on invoices are correct. Find help and support at www.ato.gov.au//Reports-an/Taxable-payments-annual-report/

20.01.2022 Businesses: Use fuel in heavy vehicles or other machinery? Fuel tax credit rates increase today, 5 August. Check out the latest rates at www.ato.gov.au//Fuel-tax-credits---busine/Rates---business

20.01.2022 Hair and beauty pros: Check out our hot tips to help you nail your deductions this tax time You generally can claim the cost of: Tools and equipment that yo...u use for work, like styling tools. Protective clothing your boss wants you to wear, such as face masks or gloves. Self-education if the course relates directly to your current job, like advanced colouring courses. Keep in mind you can’t claim plain clothing (eg black pants) or personal grooming (eg hair and beauty products) even if your boss tells you to wear or use them. Read our guide to brush up on more things you can and can’t claim: www.ato.gov.au//Hairdressers-and-beauty-professionals---/

17.01.2022 New look for the offices of Kaias Phillips after day one of Installation of new carpet tiles.

15.01.2022 Employers: If you're not yet reporting through Single Touch Payroll, you’ll need to provide your employees with payment summaries by 14 July (even if you didn’t... withhold any tax). As this date falls on a weekend, you have until the next business day to give them to your employees. For more info, visit www.ato.gov.au/Busi/PAYG-withholding/PAYG-Payment-summaries

14.01.2022 Tim has to buy tools for his job as a tradie, which means he can claim a deduction on his tax return. If you’re a builder, plumber, sparkie, mechanic or other k...ind of tradie, you generally: Can claim the cost of travel while working, including trips between sites Can claim the cost of protective clothes you’re required to wear (eg steel-capped boots) Can claim the work-related portion of your phone expenses if you have to make calls or send texts for work Can’t claim the cost of driving from home to work, except in limited circumstances Can’t claim a deduction for plain clothes (eg t-shirt, jeans) even if your boss tells you to wear them. Find even more info in our guides at www.ato.gov.au//In/Occupation-and-industry-specific-guides

14.01.2022 Changes to the low and middle income tax offset announced in Budget 201920 are now law. The amount of offset you may be entitled to, and the amount of any refund, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. For more information contact us at Kaias Phillips 9489.5888

14.01.2022 If you pay contractors to provide IT, security or road freight services on your behalf, you may need to lodge a taxable payments annual report (TPAR) in 2020. K...eeping accurate records of the payments you make to contractors now will make it easier when it’s time to lodge! Details you need to record include: name and address of contractor ABN (use the ABN Lookup tool to make sure you have the right number) the total amount you paid (including GST). Not sure if you’ll need to report? Find out more at www.ato.gov.au//Reports-an/Taxable-payments-annual-report/

13.01.2022 Small business owners: Do you know if you can claim a deduction for the business portion of assets you bought last financial year in your tax return? Rather tha...n depreciate the cost over a longer time, you can use the instant asset write-off to claim for multiple assets, big or small, as long as they cost less than the threshold including things like: Tools of your trade Gadgets and tech Furniture and storage Even vehicles! Different thresholds apply depending on when you first used or installed the asset. Check which rules apply to you at www.ato.gov.au//de/simpler-depreciation-for-small-business

12.01.2022 SCAM ALERT Be on the lookout for a new text message (SMS) scam asking people to update their details on a fake myGov website. Don’t click any links directin...g you to log on, even if it looks convincing. We will never send an SMS asking you to access our online services via a hyperlink. Warn your friends and family, and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

12.01.2022 Employers: Your next super guarantee quarterly payments are due on 28 July. As this falls on a Sunday, you have until the next business day to get it done. For more info, visit www.ato.gov.au//Paying-super-contributi/When-to-pay-super/

11.01.2022 Rental property owners: Do you Co-own a property? Only rent out part of your property, or rent it out for part of the year? Have an investment loan yo...u use to make personal purchases? If the answer to any of the above is ‘yes’, you’ll need to apportion your expenses according to your ownership interest and how you use your property. For more info, visit www.ato.gov.au//In-det/Publications/Rental-properties-2019

11.01.2022 If you’re one of the 5.6 million Aussies with private health insurance, heads up funds are no longer legally required to send out annual statements. Some may ...do it anyway, and others will provide statements via their online member portals. Either way, they’ll send us the relevant details so we can pre-fill your tax return for you Whether you lodge with myTax or use a tax agent, your health insurance details should be pre-filled by 20 July so hold off and lodge later if you can! Find out more at www.ato.gov.au//pr/your-private-health-insurance-statement

10.01.2022 Building and construction, cleaning and courier businesses: Your 2019 Taxable payments annual report (TPAR) was due on 28 August! Not sure what that is? We’ve ...got you covered You should lodge your overdue TPAR now if in 201819 your business: provided cleaning or courier services and you paid contractors to provide those services on your behalf, or was primarily in the building and construction industry and paid contractors for building and construction services. Lodging your TPAR online is quick, easy and secure with inbuilt checks to help you correctly report! We’ve got resources to help you at www.ato.gov.au//Taxable-payments-annual/Lodging-your-TPAR/

09.01.2022 Amazing food! & amazing views! for our team lunch.

09.01.2022 From everyone here at Kaias Phillps, we wish you and your families a Merry Christmas and safe and happy New Year. We are closed now and reopen on Monday the 15th January 2018.

09.01.2022 From everyone at Kaias Phillips, wishing all our clients a safe and happy Christmas & New Year. Our office is now closed and will reopen on the 14th January.

07.01.2022 Employers: If you’re already reporting through Single Touch Payroll, there are a few steps to take to finalise your employees’ end of financial year data: Pro...cess your payroll Make a finalisation declaration Submit We understand this is a new process and we’re here to help if you get stuck. For more info, visit www.ato.gov.au//Single-Touch-Payroll-employer-reporting-/

07.01.2022 Merry Christmas from the Team at Kaias Phillips!! (See you on the 16th January when we re-open!)