Milli's Bookkeeping Service | Financial service

Milli's Bookkeeping Service

Phone: +61 457 804 621

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22.01.2022 Thinking of purchasing assets for your business? The instant asset write-off has changed. Its been: expanded to include more businesses increased to $30,00...0 for each asset extended until 30 June 2020. Find out more at www.ato.gov.au//d/simpler-depreciation-for-small-business/

22.01.2022 Need help with your BAS? Need help getting your head around the Job Keeper allowance? Ask us, we are here to help with any of your bookkeeping needs....You can comment below or send a private messaage.....

21.01.2022 Milli's Bookkeeping Service

21.01.2022 Are you ready for Single Touch Payroll ? I can help you set it up.

20.01.2022 Unless something changes, reductions in hours under JobKeeper are due to expire at the end of September. So what happens if your boss wants to make the change p...ermanent? You need to be consulted first. The rules around making a permanent change to your hours depend on whether you agree to the change. If it's a permanent change, your full-time employment ends, and you need to enter into a new contract with your employer setting out your agreed weekly hours. This also means the normal rules for ending employment apply, including being given notice and being paid out any accrued entitlements. If you agree to permanently reduce your hours, any award or enterprise agreement rules about recording your new hours in writing and rostering part-time hours apply. You may also be entitled to overtime pay if you work more than your new (reduced) hours. If you dont agree to the change, there are a few factors to consider including: - whether your employment contract, enterprise agreement or award lets your employer change your hours without your agreement - whether the change ends your full-time employment and makes a new part-time employment contract - what entitlements need to be paid out to you - how much notice you need to be given. Generally, you can't be forced to reduce your hours without your employer ending your full-time position and re-engaging you as a part time employee. If they do this, the usual protections from unfair and unlawful termination apply. Your full-time role shouldnt be terminated for a discriminatory reason, because you exercised a workplace right or for another reason protected by law. Weve got more info on our website: https://www.fairwork.gov.au//casual-pa/full-time-employees

18.01.2022 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/

15.01.2022 END OF FINANCIAL YEAR IS HERE!!!!! And we are here to help!!! Contact us to help prepare your business to lodge your tax and BAS. We are here to help take the stress away!! SPECIAL OFFER!!!!... Call us today and receive 20% off your bookkeeping needs for any new client....

14.01.2022 SCAM ALERT Be on the lookout for a new phone scam claiming your tax file number (TFN) has been suspended! Recorded phone calls claiming to be from the ATO a...nd other government agencies are trying to trick people into providing personal information. These scammers will tell you theres a legal case against you, and if you dont follow instructions and provide the information requested, youll be arrested. Dont follow the prompts, and dont provide the information requested. We will never send unsolicited pre-recorded messages to your phone, or threaten you with immediate arrest. If youre ever unsure whether an ATO interaction is genuine, hang up and phone our scam hotline on 1800 008 540. 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/

09.01.2022 Employers: Wanting to access the JobKeeper extension? There are some key dates and actions you need to know about! Employers new to JobKeeper: you need to en...rol and submit your decline in turnover via our online services by 31 October. All employers claiming JobKeeper payments must pay employees the correct amount by 31 October. Still have some questions? Head to www.ato.gov.au/jobkeeperdates

09.01.2022 If you’re eligible and need to access COVID-19 early release of super, you now have until 31 December to apply in the 2020-21 financial year round. Note that yo...u’ll need to submit an application for the 2020-21 financial year, even if you applied last financial year. To find out if you’re eligible, visit www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/ See more

08.01.2022 If your boss is no longer participating in JobKeeper, but they’ve still had a decline in turnover, they could be regarded as a ‘legacy’ employer. Legacy employe...rs can still give you some JobKeeper directions, such as reducing your hours, as long as you were previously eligible for JobKeeper. To give these kinds of directions, they must follow other conditions too. If your boss is a legacy employer and has any existing JobKeeper directions with you, they will end on 27 September 2020. Any new JobKeeper direction made by your boss to reduce your hours of work must: leave part-time and full-time employees with at least 60% of your ordinary hours as at 1 March 2020 (although sometimes a different way of working out these hours can apply), and result in you working for 2 hours or more on a workday. You can read more info on when and how a legacy employers can give JobKeeper directions here: https://coronavirus.fairwork.gov.au//jobkeeper-enabling-di

06.01.2022 Does your business rely on suppliers? If you answered yes, it’s important to know who you’re dealing with. By using ABN Lookup you can check everything from you...r suppliers ABN status and location, to whether they are registered for GST. So what are you waiting for? Join 1.5 billion others and start your search today at www.abr.business.gov.au/

05.01.2022 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/

03.01.2022 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. We'll 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

03.01.2022 https://www.facebook.com/atogovau/videos/1862504180436886/ With the new Single Touch Payroll, if you want to access your Group Certificates and check on the progress of your Tax return, you will need to create a MyGov account. Check out this short video to see how to create an account.

03.01.2022 No employee should owe their boss hours of work under the JobKeeper scheme. If you work less than the value of the JobKeeper payment in a fortnight, your bos...s still has to pay you the minimum JobKeeper amount ($1500 before tax). Your boss cant make you work for free in order to make up the hours later on. https://coronavirus.fairwork.gov.au//pay-and-the-jobkeeper

02.01.2022 SCAM ALERT Watch out for a new email scam about JobKeeper and backing business investment scheme payments. These fake emails ask you to provide valuable perso...nal information, including copies of your driver’s licence and Medicare card. Don’t provide the information requested, and delete the email straight away. If you receive a message claiming to be from the ATO asking for your personal information, phone us on 1800 008 540 to make sure it’s legitimate. Visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/