K-Tax in Harrington Park | Business service

K-Tax

Locality: Harrington Park

Phone: +61 406 600 646

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• Business service
• Tax preparation service
• Accountant

23.01.2022 Businesses: Provide road freight, IT, security, investigation or surveillance services and pay contractors to carry out this work? From 1 July 2019, you need to... record and report payments you make to contractors for these services. Find out what this means for you at www.ato.gov.au//Reports-and/Taxable-payments-annual-report

23.01.2022 Small businesses: Mark Tuesday 20 August from 56pm AEST in your calendar for a webinar on all things business. Youll hear from ACCC Consumer Rights, ASIC Conn...ect, Australian Small Business and Family Enterprise Ombudsman, Fair Work Ombudsman and our Deputy Commissioner Small Business, Deborah Jenkins! The panel will cover: Registrations and business structures Whether someone is an employee or contractor Single Touch Payroll Dispute resolution Registration is essential! Visit www.ato.gov.au/General/Webinars

21.01.2022 Temporary residents: If youre eligible for COVID-19 early release of super, you have until 30 June to apply. The measure wont be open to temporary residents i...n the 2020-21 financial year. To apply, youll need to meet specific eligibility criteria. This includes holding an applicable visa type and being unable to meet immediate living expenses due to the financial impact of COVID-19. Check out all the details at www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/

21.01.2022 SCAM ALERT Weve seen an increase in scam text messages (SMS) offering fake tax refunds. These messages will usually ask you to click a link to claim a refu...nd, and may appear to come from the ATO. Dont click the link or anywhere in the message, even if it seems legit. Dont provide your personal info. Well never ask for your details over text message. Warn your family and friends to watch out for this scam. Visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

20.01.2022 This year you might receive an income statement instead of a payment summary from your employer. So what does that mean for you this tax time? Check out our v...ideo for handy info about the changes and how they might affect you. If you use a tax agent to lodge your return, you wont need to do anything theyll have access to your income statement info through their systems! Read further details, including instructions on how to access your statement at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

19.01.2022 SCAM ALERT Beware of a new text message (SMS) scam claiming you have a tax refund. Dont click any links and dont provide any information, even if it seems... convincing. Remember, well never send an SMS asking you to access our online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

19.01.2022 Our priority during COVID-19 has been to provide help and support to those who need it most. If you have claimed any of the COVID-19 stimulus measures and made ...genuine mistakes, well help you resolve them But, those that cheat the system are firmly on our radar Read how our COVID-19 approach to compliance keeps the system fair www.ato.gov.au/Gener/COVID-19/COVID-19-compliance-measures/

18.01.2022 SCAM ALERT Be on the lookout for a new text message (SMS) scam claiming you have a tax refund from the ATO. Dont click any links and dont give out your b...ank details, even if it looks convincing. Remember well never send an SMS asking you to access our online services via a hyperlink. Scammers try to take advantage of people when theyre vulnerable, and were doing what we can to shut these scammers down. Warn your friends and family, report any scams you receive, and visit our scam alerts page to learn more: https://www.ato.gov.au//Onli/Identity-security/Scam-alerts

18.01.2022 Now that some businesses have lodged their March activity statements, the much anticipated cash flow boost has started to be received.

17.01.2022 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/

17.01.2022 Wondering whether you can claim your new coffee machine or your COVID-19 uniform (pyjamas) this tax time? Check out our latest podcast for the answer Assis...tant Commissioner Adam OGrady chats with Director of Absolute Accounting Services, Gavin Swan (and his pup Leo) about: what you can and cant claim if you work from home how to make lodging your tax return easy the importance of reviewing your claims in light of recent events, and more! Have a listen at www.ato.gov.au//Video-and-audi/ATO-podcast---Tax-inVoice/

16.01.2022 Working from home? We’ve introduced a temporary shortcut method to help you easily calculate these expenses with minimal record keeping requirements. If you ...plan to claim working-from-home expenses this tax time, you’ll need to make sure you’re eligible and you have the right records to back-up your claims Find out more at www.ato.gov.au//deductions-you-can-c/home-office-expenses/ See more

15.01.2022 Somethings different this year Instead of a payment summary, you might receive an income statement. So what does that mean for you at tax time? If you us...e a tax agent, you dont need to do anything; theyll have access to the info so they can lodge your tax return. If you lodge your own return, you can access your income statement by logging into our online services through myGov. Top tip: Wait until your employer marks your info as tax ready in myGov before you lodge (they should get it done before 31 July 2019). Your other info will be pre-filled in your return by mid-August. Find out more at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

14.01.2022 Dont get caught out! We wont phone you demanding immediate payment of a tax debt.

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 youre 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 youre 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 Cant claim the cost of driving from home to work, except in limited circumstances Cant 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 Approached by someone who claims you can withdraw your super early? Dont be caught out in most cases, its illegal. Earlier this week, a New South Wales ma...n was sentenced to jail for arranging the unlawful early release of super for a number of people in the community, and then skimming money off the top. Many of the victims were experiencing financial difficulties when friends said they knew someone who could help. Instead, they got caught in an illegal scheme and robbed of their hard-earned funds. Super is money set aside to provide for your retirement, so there are limited circumstances where you can withdraw it early. Always check with us first and beware of people promoting early release schemes. Find out more at www.ato.gov.au//illegal-super-schemes---beware-of-offers-t

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

11.01.2022 Are you a sole trader, in a partnership, trust, or company, and wondering how the JobKeeper payment can help you? Youll need to check if you or your business i...s eligible at www.ato.gov.au//JobKeeper/Sole-traders-and-other-entities/ If you meet the requirements, you can start preparing now by: Subscribing to updates on JobKeeper payment Seeking advice from your registered tax agent Getting ready to enrol from 20 April 2020. Theres no need to call us, well let you know when you can enrol and apply.

11.01.2022 If you sell, lease out, or construct property you may need to register for GST even if its not a business.

11.01.2022 Temporary residents: If you’re eligible for COVID-19 early release of super, you have until 30 June to apply. The measure won’t be open to temporary residents i...n the 2020-21 financial year. To apply, you’ll need to meet specific eligibility criteria. This includes holding an applicable visa type and being unable to meet immediate living expenses due to the financial impact of COVID-19. Check out all the details at www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/

10.01.2022 Claiming your work-related expenses is easier than ever with our occupation and industry guides! Our range of tailored guides can help you get yo...ur deductions right whether you work in an office, herd cattle on a farm or drive trucks to make a buck. Check them out at www.ato.gov.au//In/Occupation-and-industry-specific-guides See more

09.01.2022 SCAM ALERT Watch out for scam text messages impersonating the Government with advice on testing for COVID-19. These messages try to trick you into install...ing software that steals your banking details. Delete and do not click the link! Read more https://www.staysmartonline.gov.au//covid-19-scam-messages and sign up to our free email Alert Service to keep up to date with the latest online threats www.staysmartonline.gov.au/alert-service.

09.01.2022 Employers: New to Single Touch Payroll and unsure about your reporting options? Join our webinar on 16 July to hear about quarterly reporting concessions and see whether youre eligible to apply. For more info and to register, visit https://publish.viostream.com/app/s-ntp7woi

09.01.2022 If your employment has been impacted by the Coronavirus, you can apply for the JobSeeker payment. The ordinary waiting period has been waived, making it a faster process and ensuring you are supported during this difficult time.

08.01.2022 Small businesses: Practising good record keeping can help you make sound business decisions, monitor your business health and analyse your cash flow. For record keeping tips, visit www.ato.gov.au//sm/General/New-(financial)-year,-new-you!/

08.01.2022 Tax tip: If youre planning to use a tax agent this tax time, check theyre registered with the Tax Practitioners Board! Only registered agents can charge you a... fee for preparing and lodging your return. If your agent is registered, you can be sure they have the necessary qualifications, experience and insurance Dont get caught out read more and search the TPB register at www.tpb.gov.au/unregistered-agents

08.01.2022 Every accountant and tax agent should be cognisant that the cash flow boost legislation contains integrity measures.

06.01.2022 With so many Australians working from home to reduce the risk of coronavirus, were making it easier to claim your expenses this tax time. From 1 March until 30... June 2020, were allowing you to claim 80c per hour for each hour you spend working from home. This will cover all your expenses, including your: Heating and cooling Electricity Mobile phone Internet Depreciation of office equipment You can still use other methods to calculate your claim if you prefer; however, whichever method you choose, youll need to make sure you have records to support your claim. Find out more about the change at www.ato.gov.au//Support-for-i/Employees-working-from-home/

05.01.2022 Working from home? Weve introduced a temporary shortcut method to help you easily calculate these expenses with minimal record keeping requirements. If you ...plan to claim working-from-home expenses this tax time, youll need to make sure youre eligible and you have the right records to back-up your claims Find out more at www.ato.gov.au//deductions-you-can-c/home-office-expenses/ See more

03.01.2022 The ATO has committed to implement a series of administrative steps to help Australian taxpayers who will go through financial difficulty as a result of the COVID-19 pandemic.

01.01.2022 Employers: Get on board and start reporting through Single Touch Payroll before 30 September 2019 Need some help to get ready for STP? Use our handy checklists: www.ato.gov.au//Single-/Get-ready-for-Single-Touch-Payroll