Mamta Accounting Solutions in Carindale | Accountant

Mamta Accounting Solutions

Locality: Carindale

Phone: +61 413 822 731

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• Business service
• Tax preparation service
• Accountant
• Financial service

25.01.2022 Budget 202021 has been released. Access the Budget papers at www.budget.gov.au Many of the measures announced as part of Budget 2020-21 are not yet law. The Au...stralian Government is responsible for decisions on tax and superannuation policy and legislation, which we then administer on their behalf. Learn more at www.ato.gov.au//new-leg/latest-news-on-tax-law-and-policy/ See more

25.01.2022 Thinking of using the first home super saver (FHSS) scheme to buy your first home soon? Apply online by 18 November and you may receive your FHSS amount before Christmas. To find out more and to apply, see https://www.ato.gov.au//Wit/First-Home-Super-Saver-Scheme/

25.01.2022 Planning to spend Valentine's day alone on the couch with ‘All By Myself’ on repeat? A date might be nice, but at least your tax records won't leave you in th...e lurch So put down the ice cream and start using the myDeductions tool in the ATO app to keep track of your records and save you from future heartbreak at tax time: www.ato.gov.au/General/Online-services/ATO-app/myDeductions/

24.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

24.01.2022 We know many businesses have been hit hard by the economic uncertainty caused by coronavirus, and were here to help. Our emergency support infoline (1800 806 ...218) will now be available up to 8pm weeknights and between 10am and 4pm Saturdays and Sundays. Well be able to discuss support option available to you, including: Extra time to lodge and pay Alternative GST reporting cycles Help varying tax instalments Learn more at www.ato.gov.au/General/COVID-19

22.01.2022 Its tax time! We can tell youre just as excited as we are, because weve received over 20,000 phone calls so far today. Were sorry if you cant get through... right away our contact centre staff are doing the best they can to help as many people as possible. A large number of calls are about myTax or linking our online services to myGov. If you need a hand with this, check out our troubleshooting tips at www.ato.gov.au//Technical-/Troubleshooting-for-individuals as they may save you from having to phone us If youre keen to lodge early, remember to wait until your employer marks your info as tax ready in myGov before you lodge. Your employer should get it done before 31 July 2019. Find more info at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

22.01.2022 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/

21.01.2022 How come my friends boss pays him cash in hand and he doesnt get a payslip or super? I dont think thats right! If youre unsure if a business is doing the... right thing, you or your friend can make an anonymous tip-off online at www.ato.gov.au/general/gen/making-a-tip-off or by using our ATO app. See more

20.01.2022 Looking to claim deductions this tax time? If you’re unsure about claiming work-related expenses, remember the three golden rules: you must have spent the mon...ey yourself and not been reimbursed it must be directly related to earning your income you must have a record to prove it From travel and clothing to self-education and home office expenses, find more information at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

20.01.2022 Have a myGov account? Follow our tips to lock down your login this tax time! Keep your login details safe and dont share them with anyone, including family ...members or your tax agent. (Agents have access to client info via a separate system, so they dont need your myGov password!) Use the SMS code option to sign in. Its a secure way to access our online services youll receive a security code to verify your identity when you log in. Avoid using your myGov account over public Wi-Fi. These unsecured networks make it easier for cybercriminals to intercept your info. Protect yourself and your digital identity find more tips at www.ato.gov.au/General/Online-services/Online-security

19.01.2022 Tax and super are an important part of daily life which is why were thrilled that financial literacy is part of the Aussie school curriculum We support tea...chers, parents and students learning about tax and super by providing: In-school presentations Online resources Educational videos and webinars If youre a parent or teacher, get the details and request support for your school at www.ato.gov.au/General/Education-zone

19.01.2022 If youre 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, theyll 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

19.01.2022 Be aware of what you share. Dont give out personal info such as your tax file number (TFN) unless youre sure its safe.

18.01.2022 Work in an office? While we cant help you with that co-worker who keeps microwaving fish (), we can help you figure out the deductions you can claim this ...tax time! Check out our tailored deduction guides for tips across a range of occupations, including: IT and media professionals Lawyers Real estate employees Sales and marketing professionals Other office workers From clothing and home office costs to travel and self-education expenses, its all covered at www.ato.gov.au//In/Occupation-and-industry-specific-guides

17.01.2022 ALERT The ACSC is aware of widespread reports of COVID-19 related scams and phishing emails and is providing practical advice for organisations and indivi...duals to follow, to reduce the risk of harm. These scams pretend to be from reputable organisations in the health sector or government, enticing you to find out about the latest cases, where to get tested or providing fake advice and assistance about travel or working remotely. Heres what to look out for right now https://www.staysmartonline.gov.au//widespread-reports-cov. And sign up to our free email Alert Service to stay up to date with the latest online threats www.staysmartonline.gov.au/alert-service

17.01.2022 Protect yourself from scammers and don’t share your myGovID details with others Your identity and business information is valuable to scammers. We use myGovID... as a secure login to a range of our online services, like our Business Portal and Online services for agents, because it: uses the latest app technology plus the security features in your smart device is your personal digital identity that’s unique to you is used with Relationship Authorisation Manager, letting you control who can work on behalf of your business online. Find out more at https://www.mygovid.gov.au/how-secure-is-it

16.01.2022 My friend was telling me how annoying it is that her local barista only accepts cash for her morning coffee. They dont even put the money in the till! Thats ...dodgy right? If you suspect a business isnt reporting cash sales or not playing fair, report it at www.ato.gov.au/general/gen/making-a-tip-off/

15.01.2022 The case of the dodgy camper: We recently investigated an electrician whose tax return had some fishy claims... a camping guide, portable fridge, jerry can, s...prinkler, BBQ wipes, shovels, soft drink and a picnic rug He said his boss needed him to travel and camp for work, but when we spoke to his employer they confirmed that wasnt the case. Since the sparkie didnt have any genuine expenses and knowingly misrepresented his circumstances, we knocked back the claims and applied a penalty. Steer clear of the dodgy deductions trap. Check out our info on what you can claim at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/ or talk to a registered tax agent.

14.01.2022 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

14.01.2022 Businesses: The countdown is on to the end of the financial year! If youve been putting off sorting out your deductions and income records, check out our top tips to make lodging your tax return smooth sailing at www.ato.gov.au/News/smallbusiness/General/Ready,-steady---/

13.01.2022 Are you a sole trader? If youve had time off work due to sickness, injury, or leave, you can use your GST turnover for the first full month back at work to che...ck if you meet the fall in turnover test for the JobKeeper payment. For more information, visit www.ato.gov.au//Job/In-detail/Applying-the-turnover-test/

13.01.2022 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!

13.01.2022 Dentist visits. Piano lessons. Lego sets. All normal, everyday expenses Which have also been claimed in the other deductions section of peoples tax returns ... #TrueStory Every year we receive a number of, ahem, interesting claims usually for personal or private items that arent deductible. Some of the most memorable include: Marriage ceremony - reception party Daughters first birthday Pay my wife for housework Post graduate doctorate of philosophy Cost of raising twins When it comes to claiming other deductions, theres no need to guess! Read up on legitimate claims at www.ato.gov.au//D15-Other-deductions---not-claimable-at-it or talk to a registered tax agent.

12.01.2022 Tax tip: If youre lodging your own tax return, make life easier and wait until mid-August if you can. More of your info will be pre-filled by then (like wages,... bank interest, health insurance and government payments) meaning theres less work for you to do before you lodge! Get the scoop on pre-filled info at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

12.01.2022 Mistakes in your tax return can slow it down Common (and avoidable!) slip-ups that can delay a return include missing or incorrect details relating to: Bank... account interest Salary or wages and tax withheld Private health insurance Government allowances or payments Let us do the heavy lifting wait until mid-August to lodge and youll find most of this info already pre-filled in your tax return The result? Less time spent on lodging, and mistakes and delays avoided. Read more about pre-filling at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

12.01.2022 While we wont be here on Facebook over the Easter long weekend, our call centres will still be open to answer general tax and super questions at the following ...times: Friday 10 April 8am 8pm AEST Saturday 11 April 10am 4pm (local time) Sunday 12 10am 1pm AEST Monday 13 April 10am 8pm AEST Please note, some of our usual phone services may not be available over the weekend. Were taking this opportunity to carry out some important IT maintenance, so our systems will also be offline from 11:30pm tonight until 7am AEST Tuesday 14 April. You can find info on planned outages at www.ato.gov.au/General/Online-services/System-Maintenance/. Were sorry for the inconvenience, and we appreciate your patience. Well be back here on Facebook to answer your general tax and super questions from 8am on Tuesday, and we wish you a safe, healthy and relaxing break!

11.01.2022 Whether you run an online store, plumbing business, or photography studio, if your business is based at home you may be able to claim the business portion of so...me associated expenses. What you can claim depends on your business structure, and whether part of your house is a place of business. Read more about what you may be able to claim and when at www.ato.gov.au//Deductions-for-home-based-business-expens/

11.01.2022 Employers: Dont miss out on tax deductions for payments you make to your workers. Recent changes mean youll need to keep up to date with your PAYG withholding obligations to claim these expenses next tax time. Find out more at www.ato.gov.au//removing-tax-deductibility-of-non-complian

09.01.2022 Need to phone us and dont have a chance through the week? Our contact centres are open from 10am to 4pm on Saturdays and Sundays this month! Our troubleshoo...ting info might save you a call. Find solutions to the most frequently asked questions about our online services at www.ato.gov.au//technical-/troubleshooting-for-individuals See more

09.01.2022 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

08.01.2022 Lodged your tax return only to realise you made a mistake or left something out? Luckily, theres an easy fix Request an amendment with our online services vi...a myGov. Note our top three tips to help you get it right: 1. No matter how you lodged via myTax or on paper you can quickly and easily amend online. 2. Wait until weve finished processing your original return before you request an amendment. 3. Try to avoid amending multiple times in a short period as this could cause a delay. For faster processing, make all corrections in one go. Find out more at www.ato.gov.au//L/Tracking-your-refund-or-fixing-a-mistake

07.01.2022 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

07.01.2022 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/

07.01.2022 Have questions about the low and middle income tax offset? Youre not alone. We know a lot of you are interested, so Assistant Commissioner Karen Foat sat down ...for a quick chat about the recent changes and answered some common questions. The amount of offset you may be entitled to will differ for everyone depending on individual circumstances. Find more info at www.ato.gov.au//Offsets-and-/Low-and-middle-income-earners

06.01.2022 Dont let your car expenses get away! You may be able to claim deductions if you use your own vehicle for work purposes. You can choose to claim using the cen...ts per kilometre method, or by keeping a logbook (and yes, theres still time to start!). Stay on top of your work-related trips using the myDeductions tool in our ATO app! Find more info at www.ato.gov.au///Vehicle-and-travel-expenses/Car-expenses/

05.01.2022 Ho-ho-hoping to pick up some extra work over the summer? Depending on the nature of your side hustle, you may be able to claim a deduction for the cost of buyin...g and cleaning distinctive uniforms, occupation-specific or protective clothing. So if youre helping out Santa Claus at the local shopping centre, keep your receipts! You may be able to claim the cost of Santas suit for your photo shoots next tax time. But impersonating Santa at the work Christmas party isnt tax deductible, though (just heaps of fun). Give yourself the gift of knowledge and find out more at www.ato.gov.au//clothing,-laundry-and-dry-cleaning-expenses

04.01.2022 SCAM ALERT Be on the lookout for a new text (SMS) scam, which exploits the recent natural disasters and falsely claims people are entitled to a tax bonus. ... Dont click any links and dont give out your bank details, even if it looks convincing. Remember well never send a text asking you to access our online services via a link. 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: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

04.01.2022 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.

03.01.2022 Deputy Commissioner Small Business Deborah Jenkins talks about some of the changes and support available for small businesses over the coming weeks in her lates...t video. These are unprecedented times, and were all concerned about how the spread of COVID-19 in Australia will affect our lives, and our livelihoods. We are in this together. If you or your clients are looking access the cash flow boost, you only need to lodge your activity statements - well update your account details automatically, so you dont need to phone to apply. For more detailed information on support available to you and your clients, visit www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

03.01.2022 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/

02.01.2022 Dont fall into the dodgy deductions trap at tax time. While most Aussies try to do the right thing, we still see a range of false car claims each year, such as... people claiming: Expenses that were actually paid for or reimbursed by their boss Private trips (including driving between home and work, which generally cant be claimed) Trips they didnt even take! If you plan to claim vehicle or travel expenses, pump the brakes and read up on the rules first. For more info, visit www.ato.gov.au//Deductions-you/Vehicle-and-travel-expenses

01.01.2022 If youve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if youre an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you dont need to pay tax on COVID-19 early release of super amounts, so you dont need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/