KAW Accounting in Montmorency, Victoria, Australia | Tax preparation service

KAW Accounting

Locality: Montmorency, Victoria, Australia

Phone: +61 434 194 694

Address: PO Box 79 3094 Montmorency, VIC, Australia

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

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• Tax preparation service
• Accountant
• Financial service

25.01.2022 The ATO have given us a gift!! Or have they? Basically you can use a SHORTCUT of 80 cents per hour whilst working from home but that covers heating/cooling of home office, telephone, internet, stationery, office equipment and furniture, computer equipment and consumables as well as depreciation. It maybe a shortcut to "less of a deduction" depending on your circumstances!!! https://www.ato.gov.au//Suppo/Employees-working-from-home/

24.01.2022 This post is for all my clients who tell me the "next year will be different"!!!! P.s. Tip 10 is my favourite!

22.01.2022 Instant Asset Write Off Threshold has been extended until 31 December 2020

21.01.2022 Businesses: The increased instant asset write-off has been extended to 31 December 2020! This means that eligible businesses can continue to invest in assets that cost less than $150,000 each Check out what you can claim at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

21.01.2022 Heading overseas and thinking your study loan doesnt come through "international departures" with you. Well think again as the ATO is now chasing you around the globe to ensure you pay it back if you earn income overseas!

21.01.2022 Taxpayers and advisers should be vigilant to ensure that the opportunity to distribute income to minor beneficiaries and attract ordinary tax rates is not overlooked.

21.01.2022 Some basics regarding the Homebuilder!

20.01.2022 As soon as the legislation is announced the loopholes aren't far behind! Not sure the ethics are right and could be the tax equivalent of hoarding toilet paper???

20.01.2022 Tax strategy Friday (Good job Tax & Super Australia!) "FBT-free benefits, including work-related items such as tools of trade, mobile phone, laptop computer and more, could do the job of reducing ATI" ATI is used to assess eligibility for certain offsets (e.g. private health insurance rabate, medicare levy surcharge) and other entitlements and is also used by the Department of Human Services to assess entitlement to Family Tax Benefit (both A and B), the Child Care Benefit and Child Care Subsidy, Parental Leave Pay and Dad and Partner Pay.

20.01.2022 Payroll tax refunds for Victorian businesses. More details to be announced.

19.01.2022 The next step in the Jobkeeper process (and most important one if you need the cash flow) is to make a monthly declaration and confirm number eligible employees!

17.01.2022 CASH FLOW BOOST If you would like to know additional details and examples about the stimulus package for small business then here is a summary from Government. It details the calculation of the payments, the timing of the payment and how it can be obtained. If you have further queries please get in touch.

16.01.2022 Buying land to build a rental property or looking to be a property developer then you may need to read this!

16.01.2022 As soon as the legislation is announced the loopholes arent far behind! Not sure the ethics are right and could be the tax equivalent of hoarding toilet paper???

14.01.2022 A begineers guide to salary sacrifice!

13.01.2022 If you ever needed more motivation to see me then here it is!!

13.01.2022 The basics for people who will need to access the Jobseeker Allowance. A lot of good infomration.

12.01.2022 The Superannuation Guarantee Amnesty passed Parliament last week therefore if youve got unpaid employee super overdue then it may worthwhile taking advantage of the amnesty to avoid penalties later. https://www.smh.com.au//businesses-told-to-repay-unpaid-su

12.01.2022 Do I pass the Jobkeeper "turnover test"? Here is how it can be determined and calculated if you are a DIY type of person or you can just ask me!!!

11.01.2022 HomeBuilder is here!!! Looking to a new build or renovations (but not for swimming pools, tennis courts, outdoor spas/sauns, sheds or garages) then this may be for you. Wonder if builders quotes will go up by $25,000 also?

10.01.2022 Interesting breakfast reading

09.01.2022 When reviewing your superannuation always look at the insurance cover you have to ensure you have the right insurance!

09.01.2022 Great news for those taxpayers who dont keep log books and claim motor vehicle by the kilometre. The rate has risen to 68 cents from 66 cents. Therefore, if you are claiming the maximum of kilometers of 5,000 then you will get an extra tax deduction of $100 and get yourself something nice with the refund! http://www.kawaccounting.com.au/cents-per-kilometre-rate-r/

09.01.2022 If you want to work it out yourself or want a list of what home office deductions you could claim, here is a simple summary!

08.01.2022 This will make life of a Treasurer easier!

07.01.2022 You may not get many clients who can use this tax offset, but one day you may very well get one in the door who will appreciate your familiarity with, and knowledge about the application of, the delayed income tax offset.

07.01.2022 Why do I need an offset account? This article does a great job of explaining the benefits (especially the future benefits) of having an offset account.

06.01.2022 Salary packaging can be a winner!!

06.01.2022 Before signing on the dotted line to buy a property and financing it through a SMSF, make sure you get pre approval as lenders are disappearing!

06.01.2022 After the end of the financial year is when your annual statements are going to be received from your superannuation funds so a good time to review them!!!! Sort out your super with these simple pointers from Choice!! If you have any questions please dont hesitate to give me a call.

05.01.2022 10 great tax tips for EOFY for small business!!!

04.01.2022 "I forgot to claim the GST!" Thats fine, we have 4 years to get it back for you. Now if you wait 4 years to claim then .......

03.01.2022 if you think your employer is taking out too much PAYG withholding or not enough then here are all the tables for you to check! If the tables seem to be written in a different language then let me know and I will check it for you!

02.01.2022 A recent measure announced for all my Victorian based business to assist through these tough times!

01.01.2022 Thinking about starting your own business? Download ASICs new First Business app https://www.moneysmart.gov.au///mobile-apps/first-business

01.01.2022 Good summary of the measures announced by Federal Government and ATO (nothing about toilet paper though!). If you think any could apply to you then let me know and we can discuss the next steps in further detail.