Kerri Garvie Bookkeeping in Singleton, New South Wales | Accountant

Kerri Garvie Bookkeeping

Locality: Singleton, New South Wales

Address: Shop 19/20 Singleton Plaza, 54-56 John Street 2330 Singleton, NSW, Australia

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

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25.01.2022 Easter Trading Hours Friday (19.419) CLOSED Saturday (20.4.19) CLOSED Sunday (21.4.19) CLOSED Monday (22.4.19) CLOSED... Thursday (25.4.19) CLOSED Matt will only be available Wednesday 24.4.19. Why not drop your computer off so you are first cab off the rank. when we return to normal trading hours.

23.01.2022 Dont forget! Matt is available for computer & network support! Services include: - Computer repair... - Virus removal - Troubleshooting - Upgrades From Monday to Wednesday from 9:00am to 3:00pm. Shop 19/20 Singleton Plaza or call (02)65715178 See more

22.01.2022 Upcoming dates * 21 October 2019 September monthly BAS/IAS due... * 28 October 2019 September quarter Superannuation Guarantee due * 28 October 2019 September quarterly BAS due

22.01.2022 Top Tax Changes in 2018/19 DAY 6 GOODS AND SERVICES TAX Purchasers of newly constructed residential premises or new subdivisions are required to remit GST directly to the ATO. Offshore supplies of low value goods to a consumer will be treated as being connected with Australia, and therefore may be subject to GST. The luxury car tax on cars re-imported into Australia, following a refurbishment overseas will be removed.

21.01.2022 Feeling quite privileged to have had Madzinga Art "Madzingerize" my logo.

21.01.2022 Do you know him?

20.01.2022 Kerri Garvie Bookkeeping (KGB) is a professional bookkeeping service for small to medium businesses throughout the Hunter Valley. We specialise in MYOB, Xero and Quickbooks. We are also a registered BAS agent. We work in all areas of bookkeeping, from simple data entry to full end of month reconciliations including payroll.... KGB has the innovative and professional experience, with skills that enable us to offer and deliver the most desirable solutions and outcomes to all of our clients. Our dedication and drive to succeed, partnered with our innovative thinking and work ethics will provide any business with the tools it needs to come out on top. Bookkeeping is an essential part of managing any business, and we all know too well, that takes time that sometimes, we just dont have. Thats why KGB provides a range of services to businesses in order to improve their efficiency and to give business owners more time to do what they do best; to run their business. Some of our services include; Weekly, monthly or annual bookkeeping with MYOB, Xero or Quickbooks Preparation of year end financials Preparation and lodgement of BAS Single Touch Payroll Communicate with the ATO on your behalf at no additional fee Health check of your system We enjoy what we do and take pride in everything we do. We even enjoy the challenge of cleaning up the mess left behind by others. So, whether its your office or ours, KGB can provide you with the professional services that you deserve, when and where you need it. Contact us today to get started!!

20.01.2022 RSA & RCG are coming back to Singleton Business Hub!!

16.01.2022 Single Touch Payroll deadline looms Clients who have yet to begin reporting through Single Touch Payroll have just days to get their affairs in order before the final deadline. The Single Touch Payroll (STP) deadline is just four days away for small businesses with 19 or fewer employees.... From Tuesday, 1 October 2019, employers of all size will be required be STP-complaint, although penalties for smaller employers will be waived until 30 June 2020. Businesses that are not able to begin STP reporting are required to have an exemption or deferral in place. According to the ATO, there are more than 425,000 employers across Australia now reporting via STP, including around 350,000 smaller businesses. Just under 40,000 applications for deferrals, exemptions and quarterly reporting concessions have been received by the Tax Office, meaning there is a significant portion of the estimated 750,000 small business population that are not STP-ready. Our data shows that 3.2 per cent of small employers are covered by a deferral or exemption, or have been granted a quarterly reporting concession, an ATO spokesperson told sister publication My Business last week. The ATO is encouraging small employers to engage with us ahead of the 30 September deadline if theyre not ready to start reporting. Institute of Certified Bookkeepers executive director Matthew Addison said bookkeepers were well placed to help employers make the transition to STP. Bookkeepers using Single Touch Payrollenabled software should easily be able to help a business to report each payday to the ATO, Mr Addison said. We are finding that with a little bit of preparation and knowledge, bookkeepers and employers can implement and manage STP with minimal interruption and smoothly integrate it into their everyday business process. Businesses have long been using systems to pay their employees; now that system reports the same information to the ATO.

15.01.2022 Top Tax Changes in 2018/19 DAY 7 OTHER CHANGES Rules on director penalties and security deposits for tax-related liabilities will be strengthened. The Single touch payroll reporting framework starts for substantial employers. New offences have been introduced to deter the production, use and distribution of electronic sales suppression tools.... The taxable payments reporting systems will be extended to contractors in the courier and cleaning industries. Australia has signed and ratified the Multilateral Convention to implement tax treaty related measures to prevent base erosion and profit shifting (MLI). Purchasers of certain new residential real property must withhold an amount equivalent to the GST from the contract price. The ATO will apply penalty relief to inadvertent errors in tax returns and activity statements made eligible taxpayers that are due to failing to take reasonable care or taking a position on income tax that is not reasonably arguable. New fuel tax credit rates are applicable. See more

15.01.2022 The ATO has clarified its guidance on whether superannuation accrues on leave loading or not. The guidance stated that unless leave loading is paid to compensate an employee for the loss of overtime or shift allowances while they are on holiday it will occur superannuation at the standard rate of 9.5%. Almost all employers will be required to pay superannuation on leave loading. The more complicated question is if employers are required to go back to prior years and calculate... super on leave loading that has already been paid. It is advised that super on leave loading should have been paid from 1st April 2019, as a minimum, based on when the ATO released their revised guidelines. It is recommended that you calculate and pay youre your monthly or quarterly superannuation payments, super on any leave loading paid between 1st April 2018 and 31st March 2019. For quarters prior to 31st March 2018, the updated ATO will not allocate resources, where: You self-assessed that the leave loading was not subject to superannuation on the reasonable basis that it was for the notional loss of overtime; and You have no evidence less than five years old suggesting the leave loading was for something other than overtime. For those employers that do not satisfy these guidelines it is important to note that: There is no general discretion for the ATO to waive either (i) administration foo or (ii) the interest charge on the SGC shortfalls; though it can remit penalties depending on the circumstances: o The Government has recently re-introduced a superannuation amnesty for amounts outstanding between 1 July 1992 to 31 March 2018. o This amnesty, if passed by parliament, will forgive the administration fees and any applicable penalties but will not remove the interest to be charged on any late payments.

15.01.2022 Having computer issues? We can assist with virus removal, troubleshooting, upgrades, networking and more. Drop down to Shop 19/20 Singleton Plaza or call (02) 6571 5178.

15.01.2022 CHEWING THE FAT: When are meals tax deductible to a business Taking team members, clients and suppliers out for a meal can be an opportunity to start, or further develop, a great working relationship. Youre building a relationship that will, at least in your opinion, help your business earn more money in the long run. So why wouldnt the cost of that be tax deductible?... Unfortunately, many of these expenses are NOT deductible and working out which ones are is more complex than most business owners would like. To help you navigate the minefield and make an informed decision when it comes to claiming meal related expenses, we have developed a simple cheat sheet to walk you through the various possibilities. What meals you CAN claim: 1. Travelling When employees travel for work and stay overnight in a location that is not their home or if they have a meal at a restaurant while travelling for work purposes. 2. Working lunch Providing sandwiches and drinks (even shouting pizza during a training session) for a working lunch or dinner in the office. However, if this meal is more elaborate and includes wine, the meal is likely to err on the side of entertainment and be disallowed by the ATO. 3. In-house cafe or canteen If the employer has an in-house cafe or canteen, and provides meals to employees during the working day, this is deductible. 4. Snacks and refreshments As a business owner, you might often be out and about and stop in for coffee and a muffin in between clients. Again, should these expenses not be a 7 course degustation, then the aTO are willing to allow the deduction.

15.01.2022 JobMaker Hiring Credit Scheme: https://www.ato.gov.au/General/JobMaker-Hiring-Credit/ Key Dates:... 7 October 2020 - scheme starts 6 December 2020 - registration open 1 February 2021 - first claim period opens 30 April 2021 - first claim period closes 6 October 2022 - scheme ends Eligible Employers: Employers may be eligible for JobMaker Hiring Credit payments if all of the following apply. The employer: Has registered for the JobMaker Hiring Credit scheme either - operates a business in Australia - is a not-for-profit organisation operating in Australia - is a deductible gift recipient (DGR) endorsed either as a public fund or for you operated under the Overseas Aid Gift Deductibility Scheme (DGR item 9.1.1) or for developed country relief (DGR item 9.1.2) - holds an Australian business number (ABN) - is registered for pay as you go (PAYG) withholding - has not claimed JobKeeper payments for a fortnight that started during the JobMaker period - is up to date with income tax and GST returns for the two years up to the end of the JobMaker period for which the are claiming - satisfies the payroll increase and the headcount increase conditions - satisfies reporting requirements, including up to date Single Touch Payroll (STP) reporting - does not belong to one of the ineligible employer categories Eligible Employees: Employees are eligible if they: - are an employee of the entity during the JobMaker period - are aged 16-35 years old when they started employment - started employment on or after 7 October 2020 and before 7 October 2021 - worked or have been paid for an average of at least 20 hours per week they were employed in the JobMaker period - have completed a JobMaker Hiring Credit employee notice for the employer - have not already provided a JobMaker Hiring Credit employee notice to another employer - received on of these payments for at least 28 consecutive days (or 2 fortnights) in the 84 days (or 6 fortnights) prior to starting employment: - JobSeeker Payment - Parenting Payment - Youth Allowance (except if they were receiving the allowance because they were undertaking full-time study or are a new apprentice. For more information contact us on : 65715178

14.01.2022 Computer & Network Support. Services include: - Computer repair - Virus removal - Troubleshooting... - Upgrades Matt is here from Monday to Wednesday from 9:00am to 3:00pm. Shop 19/20 Singleton Plaza or call (02)65715178

14.01.2022 Be careful people - they are at it again https://www.accountantsdaily.com.au//14505-ato-warns-of-ne

13.01.2022 CONVERSATION ABOUT PERCEIVED VALUE: A customer asked a contractor how much it would cost to do this project. The contractor gave him a proposal: $4500 The customer responded: That’s seems really high. The contractor asked: What do you think is a reasonable price for this job?...Continue reading

13.01.2022 Asset Write-off threshold increase. The bill was passed, increasing the instant asset write-off for small business entities. The effect of which being increasing the threshold to $30,000 and expanding the eligibility to medium-sized businesses with a turnover of less than $50 million. The amendments mean that there will be three tiers within the 2019 financial year: - The first tier will be a $20,000 threshold for depreciable assets acquired before 29 January 2019. - The seco...nd tier will be a threshold of $25,000 for assets first used or installed after 29 January and before 2 April 2019. - The third tier will have a threshold of $30,000 for assets first used or installed after 2 April 2019 and before 1 July 2020. See more

11.01.2022 We welcome our new team member today! Ivory Gould - Programmer, Web Developer. Experienced front end web developer with 2 years tertiary education experience in... interactive application development. Ivory is available to construct a new or revitalise your existing website. Ivory can be contacted on 65715178 [email protected]

11.01.2022 We are at the markets ready to talk about STP (single touch payroll)

11.01.2022 Your business is really taking off and you need expansion, but you dont need an entire office to yourself? Then a Shared Office space may be your best fit and you will share your own office amongst other business professionals.

11.01.2022 11 deductions you probably cant claim on your tax return 1. Generally, you cant claim a deduction for trips between home and work its considered private travel. This is true even if you do minor work-related activities between home and work (such as collecting mail), work outside normal business hours, are on-call or dont have access to public transport. 2. If you claim car expenses based on transporting bulky tools or equipment, its not enough to simply choose to carr...y a few tools. In order to make a claim you need to show that you: o need to use your bulky tools to do your job o your employer requires you to transport this equipment o there is no secure area to store the equipment at work. 3. You cant claim a deduction for car expenses that have been salary sacrificed. 4. You cant claim meal expenses for travel unless you are required to work away from home overnight . 5. You cant claim a deduction for private travel. If a trip was for work and personal reasons (for example, if you added a few days onto a business trip for sightseeing) you can only claim the work-related portion. 6. You cant claim a deduction for every day clothes you bought to wear to work, even if youre required by your employer to wear them (for example, a suit, black pants or clothes sold in your workplace). 7. You can not claim a flat rate for cleaning eligible work clothes without being able to show how you calculated the cost. 8. You cant claim a deduction for higher education contributions charged through the HELP scheme. 9. You cant claim a deduction for self-education expenses if the course or study doesnt have a direct connection to your current (not future or desired) employment. 10. You cant claim a deduction for the private use portion of phone or internet expenses only the work-related portion can be deducted. 11. You cant claim an up-front deduction for tools and equipment (for example, a laptop or safety equipment) that cost more than $300. You can, however, spread your deduction claim over a number of years (depreciation).

10.01.2022 Having problems?? Matt Tatt is here to help! Give us a call or bring your computer/laptop down for Matt to have a look. 02 6571 5178

09.01.2022 We focus on mind, body and spiritual wellness. We are often thinking a thought that is not supporting our well-being. In this workshop, we will learn how to sto...p the unwanted thoughts and just use the thoughts that you want. * the thoughts often bring emotions and feelings into our body. We can learn to release the feelings and anxiousness and struggle. *this workshop is to develop a toolbox of strategies that suites you and assists you in everyday life to maintain a feeling of pleasantness See more

09.01.2022 Look no further for all your STP processing www.wanderershub.com.au

09.01.2022 Kudos to all those that have managed to get through to the other side

09.01.2022 Changes to Annual Salary Arrangements It is notable that there are already a number of modern awards that incorporate rules regarding paying employees an annualised salary. These rules vary significantly between awards, but the majority do include a requirement that employers make their employees aware of which aspects of the award the annualised salary directly impacts (i.e. the annual leave loading, overtime, etc.). The awards incorporate rules which broadly claim that the ...annual salary must be equivalent to cover all entitlements that the employee the employees would receive under an hourly wage. The impact of the changes depend on the specific award. Although there are several key features across the impacted awards, which all awards with annual salary arrangement provisions will include. A brief summary: 1. A requirement for some individual agreement to be facilitated with the relevant employee, before any annualised salary arrangement is initiated, in all situations where the employee works highly varied hours. 2. The arrangement may be concluded by either party at annual intervals. 3. All such arrangements must be in writing for all annualised salary arrangements. 4. The annualised salary should not result in the employee receiving less than they would have received had the terms of the modern award been applied in the ordinary way, and a clause must be included in their contract to this effect. The Fair Work Commission has identified several ways to achieve this, including: An increment included over the base or minimum rate of pay used to calculate the annualised salary. This must also incorporate a clause referring to the outlier limit of overtime, or penalty rate hours which are compensated through the increment. This must be identifiable in the contract. A requirement to the complete an annual salary review, and record-keeping of overtime hours. It is important to remember that the annual salary arrangements must only be arranged with full-time employees, though there may be scope for some variation under certain circumstances for example some pragmatic and lawful application to part-time employees.

08.01.2022 Be vigilant everyone!

07.01.2022 TPAR Update There is still uncertainty about the Taxable Payments Annual Reporting (TPAR) provisions and their applicability. For those new to TPAR the provisions seek to track taxable payments. The TAPR tells the ATO about payments that are made to contractors for providing services. Some government entities also need to report the grants they have plaid in a TPAR. Contractors can include subcontractors, consultants, and independent contractors. They can be operating as sole... traders, companies, partnerships or trusts. The details you need to report about each contractor are generally found on the invoice you should have received from them. This includes: Their ABN, if known Their name and address Gross amount you paid to them for the financial year (Inc. GST) The ATO use this information to identify contractors who havent met their tax obligations. Businesses providing the following services are covered under TAPR: Building and construction services Cleaning services for contractor payments from 1 July 2018 (first report due by 28 August 2019) Courier services for contractor payments from 1 July 2018 (first report due by 28 August 2019) Road freight services for contractor payments from 1 July 2019 (first report due by 28 August 2020) Information Technology (IT) services for contractor payments from 1 July 2019 (first report due by 28 August 2020) Security, Investigation or surveillance services for contractor payments from 1 July 2019 (first report due by 28 August 2020) Mixed Services (a business that provides one or more of the aforementioned services) Note: that if a business is in one or more of these industries and they pay contractors who are in the same industry then they are a reportable contractor. TAPR does not apply to a bookkeeper paying an IT contractor or a courier etc.

06.01.2022 WHY NOT CHOOSE A WANDERERS HUB BUSINESS CENTRE MEMBERSHIP? Options for all budgets- A place to work from a few days per month to unlimited use.

03.01.2022 Single Touch Payroll transition buffer period The ATO will grant small businesses a buffer period to transition to Single Touch Payroll (STP). Small businesses will be allowed to start reporting anytime before 30 September 2019. The official start date has not changed but the buffer period was chosen to give small employers more time to make the transition to STP. STP reporting The following information will be reported through STP ready solutions, such as payroll software:... - Payments to employees, such as salaries and wages. - Pay as you go (PAYG) withholding. - Super information. It should be noted that the way you pay your employees doesnt changed, however you will be sending the ATO this aforementioned information each time you pay them. How to get started with STP - If you already use payroll software - check to see if it offers STP reporting by talking to your bookkeeper - If you dont use payroll software - you can choose an STP ready solution or talk to your bookkeeper for advice on the best solution for your business. - If you use a registered tax or BAS agent - you can ask them to report through an STP ready payroll solution on your behalf. - If you have 1-4 employees - you can choose a low-cost STP solution. Find out more at ato.gov.au/STPsolutions

02.01.2022 Signs you need to hire a bookkeeper: - You have irregular invoicing. - Your books are never up to date. - Your sales are up but cash is not.... - Youre falling behind in managing your creditors. - Your bookkeeping takes you away from more important things. - Your tax obligations and other compliances are getting more complicate. - You are laying awake at night to worry about how far behind you are. Stop the worrying... get in touch. Let us help you get back to the things that matter most to your business.

01.01.2022 STP Penalties The ATO have informally advised that they arent looking to directly pursue and impose penalties for small and closely held entities over the nest 12 months to allow them time to settle into the new reporting regime. However, it is strongly recommended that all small businesses are reporting by the current 30th September 2019 deadline. Small and closely held entities that are not reporting by the current deadline may apply for an exemption term avoiding penaltie...s. Concessions for larger employers no longer apply. A failure to lodge penalty is calculated at a rate of $210 per 28-day interval of lateness. This is capped at 5 penalty units. Companies with turnover between $1-20 million will see this penalty multiplied by two and companies with turnover in excess of $20 million will see the penalty multiplied by 500. Clearly its in everyones interest, clients and bookkeepers alike to ensure they are STO compliant. See more