Melissa Donnelly Accounting Services in Beenleigh, Queensland | Tax preparation service

Melissa Donnelly Accounting Services

Locality: Beenleigh, Queensland

Phone: +61 435 024 825

Address: Suite 4, 94 George Street 4207 Beenleigh, QLD, Australia

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• Tax preparation service
• Business consultant
• Notary public

24.01.2022 Do you make additional superannuation contributions? Hurry to make your contributions in time to claim for 2020! The monies need to be received by your fund by 30 June. So for most people that would mean being paid by you by 26 June! You can’t claim contributions paid by your employer directly to your super fund from your before-tax income.(i.e salary sacrifice). You may however be able to claim a tax deduction for personal super contributions that you made to your super fu...nd from your after-tax income, for example, from your bank account directly to your superfund, up to $25,000. Before you can claim a deduction for your personal super contributions, you must have given your super fund a Notice of intent to claim a deduction for personal super contributions form and received an acknowledgement from your fund.

24.01.2022 #BREAKING: We're extending JobKeeper until 28 March 2021. JobKeeper 2.0 will continue to help thousands of Australians and businesses in Forde through one of t...he most difficult times in our nation's history. Learn more here: https://bit.ly/39fpeUa Logan Regional Chamber of Commerce Beenleigh Yatala Chamber of Commerce Logan Chamber of Commerce Park Ridge Connect My Ormeau Gold Coast North Chamber of Commerce & Industry

23.01.2022 Do you own a rental property? Maximise your depreciation deductions this financial year. Order a tax depreciation schedule for your investment property today and increase your tax refund!

22.01.2022 Rental property owners: Has your income from your property been affected by COVID-19? FAQs answer tax-time questions such as: What expenses can I claim if my tenants aren’t paying their rent under the lease agreement? If I decide to reduce the amount of rent I charge my tenants, will my deduction for rental property expenses be reduced?... If I receive a back payment of rent or an amount of insurance for lost rent, do I have to include this as income? Find the answers to these questions and more at www.ato.gov.au//c/individuals-frequently-asked-questions/

21.01.2022 Got a student loan? Remember to tell your employer whenever you start a new job! Just tick the relevant box when completing your tax file number declaration form. This will ensure your employer withholds enough tax to cover any compulsory repayments!

20.01.2022 If you have sold an asset during the 2020 year at a profit, you may have capital gains tax to pay. Review all your paperwork to ensure you have all purchase and sale information to best calculate the profit made. It’s important to note that the contract date is the crucial date when it comes to capital gains tax purposes, not the settlement date. Also, review your investments to see if you have any assets that could be carrying losses that you may be able to dispose of now, to help offset against any gains you have made.

20.01.2022 While we can lodge your 2020 tax return from 1 July 2020, the ATO will not begin processing them until 5 July and refunds will start issuing from 16 July 2020. Ensure all of your information is Tax Ready before preparing your return, and that you have included all relevant information. This will ensure there are no processing delays with the ATO.

18.01.2022 Don’t forget our Tax Time 2020 - Refer a Friend promotion. Each month we will be giving away a $100 gift card if you refer a friend and they complete a booking with us!

17.01.2022 You may be experiencing some delays in accessing our online systems, we are aware of this and are working on it as a priority. Thank you for your patience.

12.01.2022 Tuesday night, the new budget will be revealed. Keep tuned to our page for the key points form the budget.

12.01.2022 July’s drawer has been won!! Congratulations to Rebecca Penfold for winning our Refer A Friend Promotion for July! We will make contact with you soon to deliver your $100 Gift card!

12.01.2022 Still haven’t lodged your 2019 return? Keep in mind that if you or your spouse have not lodged your 2019 Income tax returns by 30 June 2020, and you were receiving Family Tax Benefit payments during the year, the FAO can actually reverse your entitlement to those payments and raise a debt for what you have been paid! Likewise, if you normally receive your FTB entitlements as a lump sum upon lodging your return, if not lodged by 30 June you will lose any entitlement to the lump sum payment. The FAO are very strict with these cut offs. Lodge today to ensure you keep and/or receive your payments!

11.01.2022 Which client are you???

11.01.2022 Low and Middle Income tax offsets are available again this year! If your taxable income is $48,000 to $90,000 you will receive a full $1,080 offset.

09.01.2022 Final day of FY2020! Happy EOFY! Today is the last day to get all of your affairs in order, spend any money to enable a tax deduction, and lodge any prior year returns! From tomorrow you can lodge your 2020 returns!!

09.01.2022 If you worked from home due to COVID-19 restrictions, be aware that the ATO are watching this year to make sure people are not still claiming work related expenses during this time. Examples are laundry, uniform, travel, etc. The ATO are expecting claims for these items to drop considerably as people were forced to work from home or not work at all.

07.01.2022 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/

07.01.2022 Claiming your work-related expenses is easier than ever with the occupation and industry guides from the ATO! This range of tailored guides can help you get your 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

07.01.2022 First day of Tax Time 2020 is done! #taxtime2020

06.01.2022 TAX TIME IS NOW IN FULL SWING!! If you’ve already had your returned lodged then your refund should be processed within two weeks. Some lodgments require extra manual processing, particularly if: ... the bank account details recorded in your return were updated during processing the ATO need to check certain info with other government departments (e.g. Centrelink, Child Support or Family Assistance Office) you have an existing tax debt or if the ATO need to verify the info you’ve provided

02.01.2022 The Australian Tax Office is warning taxpayers fraudulently claiming government assistance face penalties as serious as jail time. Have you withdrawn super under the COVID-19 early release of super? Beware of any tax schemes suggesting you deposit money back into super to claim a tax deduction! The ATO are cracking down on such schemes and threatening fines and jail time! The early release of super was not introduced for this purpose and the ATO are aware of these double-dipping ploys!