Lovell & Morrison in Burnie, Tasmania | Financial service

Lovell & Morrison

Locality: Burnie, Tasmania

Phone: +61 3 6431 5666

Address: 7 Cattley St 7320 Burnie, TAS, Australia

Website: http://www.lmtax.net.au

Likes: 64

Add/Update information

Reviews

Tags

• Accountant
• Financial service

25.01.2022 Keep an eye on your myGov inbox this tax time! Most people will be accessing their income statement (previously called a payment summary) through our online... services in myGov. If your myGov account is linked to our online services, well let you know once your employer has made your income statement tax ready - then, it can be used to do your tax return. Remember, many employers have until 31 July to do this. Lodge through an agent? No problem. Get in touch with them as usual theyll have access to this info too. Find more info at www.ato.gov.au//Working-as/Accessing-your-payment-summary/

24.01.2022 Employers: With payment rates changing as a result of the JobKeeper extension, don’t short-change yourself! Make sure that you’re paying your employees accordin...g to the right tier so you’re reimbursed correctly. Don’t forget, you have until 31 October 2020 to pay your employees for the JobKeeper fortnights starting 28 September. Find out more about the new payment rates at www.ato.gov.au/General/JobKeeper-Payment/Payment-rates/

24.01.2022 Cash flow boosts have started to be delivered to eligible business and not-for-profit organisations. If youre looking to access the boost for your business, y...oull need to make sure you lodge your March 2020 monthly or quarterly activity statement. For full details on eligibility criteria and how the boosts will be delivered, visit www.ato.gov.au//In-detail/Boosting-cash-flow-for-employers/

24.01.2022 Attention employers: the super guarantee amnesty is now available. Applications close 7 September 2020. If youve got a super score to settle, nows your cha...nce to do so without paying super guarantee charge fees or penalties. To be eligible: The unpaid super must relate to a quarter between 1 July 1992 and 31 March 2018 You must not have been informed we are examining your SG obligation for the period your disclosure relates to You must apply to us under the amnesty by using the correct form. Dont miss this one-time only opportunity to get on top of your super paperwork once and for all. Learn more at https://www.ato.gov.au//S/Superannuation-guarantee-amnesty

23.01.2022 Businesses: If youre still assessing your eligibility for the JobKeeper Payment, theres time to enrol and claim for the JobKeeper fortnights in April and May.... Make sure you: Enrol by 6pm AEST this Sunday 31 May Meet all the eligibility requirements Pay your employees by the appropriate date for that fortnight Check out our videos to help you complete each step: www.ato.gov.au//JobKeeper---easier-to-understand-informa/

23.01.2022 Employers: Are you claiming JobKeeper payments? There are a few things you’ll need to do: submit your decline in turnover if new, tell us the payment tiers ...for each of your eligible employees, and make your monthly declaration. You have until Sunday 14 February to complete your monthly business declaration. Check out our helpful guides at www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/

23.01.2022 Tax tip: Check out our occupation guides to help determine the work-related expenses you can claim at tax time! Dont miss out find info on deductions specific to your industry at www.ato.gov.au//In/Occupation-and-industry-specific-guides

21.01.2022 Working two jobs? Carrying bulky tools and equipment? Or you’re just not sure what you can and can’t claim? If you use your own vehicle for work purposes you m...ay be able to claim a deduction. Keeping good records now, will help make tax time a breeze. To check what expenses you can claim, head to www.ato.gov.au//Deductions-yo/Vehicle-and-travel-expenses/

20.01.2022 Businesses: Did you take advantage of the extended 31 May due date to enrol for April and May JobKeeper payments? Dont forget to take the next step - youll ne...ed to complete the business monthly declaration for May payments by 14 June to be reimbursed! Find out how to complete the JobKeeper business monthly declaration step at www.ato.gov.au//Employers/Enrol-for-the-JobKeeper-payment/

19.01.2022 Has your business enrolled for JobKeeper payments yet? Check out our new short video below to find out how to enrol, or visit www.ato.gov.au/general/JobKeeper-Payment

19.01.2022 The COVIDSafe app helps state and territory health officials find and contain coronavirus quickly. Download the app today and together we can stop the spread. Find out more: www.health.gov.au/resources/apps-and-tools/covidsafe-app

18.01.2022 Employers: Changes to JobKeeper payments means there are now two payment rates. The rate you can claim for each of your eligible employees now depends on the nu...mber of hours they work. Remember, you have until 31 October to pay your eligible employees for JobKeeper fortnights this month. Check which rate you should be claiming by visiting www.ato.gov.au/General/JobKeeper-Payment/Payment-rates/

18.01.2022 School’s back! Teachers, if you’re stocking up on classroom supplies or teaching resources in the back to school sales, you may be able to claim a deduction... at tax time Don’t procrastinate and leave your deductions until the day it’s due, learn about the expenses you can claim at www.ato.gov.au//I/Occupation-and-industry-specific-guides/

18.01.2022 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/

16.01.2022 New tax and superannuation measures are now available to help support those affected by COVID-19. These include: early access to super reducing super minim...um drawdown rates boosting cash flow for employers increasing the instant asset write-off backing business investment You can find information on these measures, as well as ways we can support you, at www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

16.01.2022 If youre working from home, you may be able to claim some of your home office expenses at tax time. Youll need to make sure your deductions meet the three gol...den rules when working out your claim: You must have spent the money yourself (and have not been reimbursed) Your costs must directly relate to earning your income You must have a record to prove your claim We have handy tips and tools to help you record your receipts and calculate your deductions check out www.ato.gov.au//deductions-you-can-cl/home-office-expenses to learn more!

16.01.2022 Our tax tables have been updated to reflect the 2020-21 income year personal income tax cuts. Employers must make sure they are withholding the correct amount f...rom salary or wages paid to employees for any pay runs processed in their system from 16 November onwards. For more information, check out the tables at www.ato.gov.au/Rates/Tax-tables

16.01.2022 4 Months to go!! Please contact us if you require any advise or assistance with an STP solution.

16.01.2022 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/

15.01.2022 Employers: Have you already enrolled for JobKeeper payments? Our online systems are now open for you to identify which eligible employees youve paid, so you ca...n claim the wage subsidy for your business. You must have already: checked your business was eligible enrolled to participate and paid your employees a minimum of $1,500 per fortnight. For more info on key dates, how to nominate your eligible employees and make your monthly business declaration, visit www.ato.gov.au/general/jobkeeper-payment/employers/

15.01.2022 Attention rental property owners: Tax time is almost here and we want to help you get your tax return right! Check out our brand new 2019 rental properties guid...e for up-to-date explanations, examples and tips to help you nail your rental income and deductions. View the guide at www.ato.gov.au/Print-publications/Rental-properties-2019 See more

13.01.2022 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.

12.01.2022 Time is running out If you’ve been financially affected by COVID-19, be aware that applications for early release of super close on 31 December 2020. If you... haven’t already applied (but had planned to!) now’s the time to get online and check you’re eligible. As long as your application is received before the closing date, your super fund can process your request and make the payment. Find out more at www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/ See more

12.01.2022 Businesses: It’s time to make your next monthly business declaration for JobKeeper payments You have from the 1st to the 14th of each month, to claim payments... made to your employees in the previous month. The sooner this declaration is made, the sooner you will be reimbursed. For more info, visit www.ato.gov.au//Employers/Enrol-for-the-JobKeeper-payment/

11.01.2022 If your financial situation has been impacted as a result of COVID-19, you may be able to access some of your super early. You dont need to call us. You can r...egister your interest now via myGov and well be in contact once applications open on 20 April. Check if youre eligible to access your super early and find more info at https://www.ato.gov.au//withdra/Early-access-to-your-super

11.01.2022 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/

10.01.2022 Employers: Your next super guarantee payments are due to your employees super funds by Tuesday 28 January. If youre affected by bushfires and need support, ph...one us to discuss your situation and the options available on 1800806218. Find more information on super guarantee due dates and payments at www.ato.gov.au//Paying-super-contributi/When-to-pay-super/

10.01.2022 ITS TAX TIME! Let us take the burden away from you. We provide a personal service and expert tax advice to ensure you receive the maximum tax refund possible. Couple and family discounts apply. Please call on 64315666 to make an appointment. NO TIME FOR AN APPOINTMENT! We provide a drop off/email service. Simply drop off/email your tax return information to us. If we have any questions, we will call you. When the return is ready, we will call you to come in and sign. Please email [email protected] with your information of drop into our office between 8.30 am and 5.00 pm Mon to Fri.

08.01.2022 Myth: I need to verify all my identity documents to create a myGovID with Standard identity strength Fact: You only need to confirm two of the following Austr...alian identity documents to achieve a Standard myGovID: Birth certificate Drivers licence Medicare card Passport If your documents have two different names on them, you may now link your documents, for example by using a Marriage certificate Learn more about myGovID at www.ato.gov.au//Accessing-online-services-with-myGovID-and

07.01.2022 Tax tip: If youre required to work from home, you may be able to claim a portion of your home office expenses on your tax return! This could include deductions... for: Office equipment Work-related phone calls Internet access charges Lighting, heating and cooling Furniture repairs Cleaning Check what you can claim at www.ato.gov.au//deductions-you-can-cl/home-office-expenses

07.01.2022 If your business is looking to take advantage of the new JobKeeper payment announced by the government, you dont need to call us. Register for updates online at www.ato.gov.au/general/gen/JobKeeper-payment

07.01.2022 Employers: The JobMaker Hiring Credit is here! You could receive up to $200 per week for new positions you create until 6 October 2021. Check the eli...gibility criteria and use our payment estimator to see how much you could get at www.ato.gov.au/Ca/JobMaker-Hiring-Credit-payment-estimator/ See more

07.01.2022 Businesses: It’s time to make your JobKeeper monthly business declaration for August Remember - August has 3 fortnights, so don’t forget to claim your eligib...le employees for all of them. If you have newly eligible employees include them in the claim from JobKeeper Fortnight 10 (which started 3 August). We’ve created a new fact sheet to explain the steps you need to take to add newly eligible employees, visit www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/

06.01.2022 Businesses: Online services for business is the new way to interact with us online You can lodge activity statements, create payment plans and send us secure ...messages. Online services for business will replace the Business Portal later this year. Try it now using your myGovID login! For more info and to access, visit www.ato.gov.au/General/Online-services/Businesses/

05.01.2022 Businesses: The first JobKeeper extension period is here! To claim payments for your eligible employees under the extension you’ll need to: Show that your ac...tual GST turnover declined in the September 2020 quarter compared to the same time last year Declare this info through our online services by 31 October 2020. Still have questions? Find out more at www.ato.gov.au//JobKeepe/JobKeeper-extension-announcement/

04.01.2022 Weve had a lot of interest in the JobKeeper Payment. Here are some answers to common questions we are seeing: Do I have to enrol for the JobKeeper Payment b...y a certain date? As long as you meet the eligibility requirements for employers, sole traders or other entities, you can enrol anytime up until the scheme closes. Can an employer choose not to participate in the JobKeeper Payment scheme? Even if an employer meets all the eligibility criteria, its up to them to decide if they would like to participate or not. Can an employer choose which employees they want to keep paying? No. If an employer decides to enrol for JobKeeper payments, they must identify all eligible employees. For more info, visit www.ato.gov.au/JobKeeper

04.01.2022 Small employers: Have you finalised your STP records? If you have 19 or fewer employees, the deadline for making a finalisation declaration through your Single ...Touch Payroll solution is 31 July. Its easy to do and ensures your employees can lodge their tax returns accurately and on time. Find out more at www.ato.gov.au//Star/End-of-year-finalisation-through-STP/ See more

02.01.2022 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

01.01.2022 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

01.01.2022 Employers: Weve started processing payments for JobKeeper, so if youve enrolled, youll need to take the next step and identify and maintain your eligible emp...loyees to ensure you get reimbursed. Check out our video with tips on how to complete this step Sole trader? Youll also need to take this step to ensure you get the payment. For more info, visit www.ato.gov.au/general/JobKeeper-Payment/