Mobbs & Company Accountants in South Brisbane, Queensland | Tax preparation service

Mobbs & Company Accountants

Locality: South Brisbane, Queensland

Phone: +61 7 3844 6960

Address: 225 Montague Road 4101 South Brisbane, QLD, Australia

Website: http://www.mobbsandcompany.com

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• Financial service

25.01.2022 If you need help with your super obligations please contact us for assistance. https://mybusiness.com.au//6677-sg-amnesty-bill-passed-emp

24.01.2022 2020 End of Financial Year Checklist - https://mailchi.mp/395/2020-end-of-financial-year-checklist

23.01.2022 Possible increase in Medicare Levy on the cards? https://www.intheblack.com//why-health-industry-is-getting

22.01.2022 Let Mobbs & Company be your guy for taxes. http://ow.ly/TT7k50yiWUF

21.01.2022 Aussies have been very generous in recent weeks, donating millions of dollars to various organisations to assist those impacted by the bushfires. Unfortunately, there have been stories of scammers setting up bogus websites and donation points. This is why its important to check the veracity of the organisation. One way of doing so is to search the register on the Australian Charities and Not-for-profits Commission website https://www.acnc.gov.au/charity If an organisation is on the register, it will be legitimate. However, if you are donating electronically, you will still need to be satisfied that the website is not fake. For More Information go to the Scamwatch website. https://www.scamwatch.gov.au/types-of-scams/fake-charities

21.01.2022 FIVE WAYS TO PAY LESS TAX https://www.mobbsandcompany.com//five-ways-to-pay-less-tax/

19.01.2022 http://ow.ly/urWC50zFOt1

19.01.2022 Governments Coronavirus Economic Response - https://mailchi.mp//governments-coronavirus-economic-respo

18.01.2022 Federal Government Announcements Government Stimulus Measures EXTENSION OF ADDITIONAL INCOME SUPPORT FOR INDIVIDUALS (FED) The Government is extending the payment period of its temporary Coronavirus Supplement from 25 September 2020 to 31 December 2020. The amount of the Coronavirus Supplement will be adjusted for this period to reflect the gradually improving economic conditions. The Government is also improving incentives and gradually reintroducing obligations for paymen...t recipients to seek work. Extended Coronavirus Supplement: The Government will continue to pay the Coronavirus Supplement to eligible income support recipients until 31 December 2020. The amount of the Supplement will be adjusted to reflect the gradually improving economic and labour market conditions. The Coronavirus Supplement will continue to be $550 per fortnight for payments up to and including the reporting period ending 24 September 2020. From 25 September 2020 to 31 December 2020, the Supplement amount will be $250 per fortnight. JOBKEEPER PAYMENT The JobKeeper Payment will be extended by six months to 28 March 2021. Prime Minister Scott Morrison said the extra assistance would continue supporting hundreds of thousands of Australians who are without work, and offer businesses and their workers a lifeline to not only get through this crisis, but recover on the other side. "We will have Australian's backs as we face the ongoing impacts of COVID-19," the Prime Minister said. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged. The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week. Treasury completed a three-month review of the JobKeeper Payment in June 2020, informed by the status of the Coronavirus outbreak and the economy. The review found that the JobKeeper Payment met its initial objectives: to support business and job survival, preserve employment relationships, and provide needed income support. However, it noted that the labour market remains weak, with a continued need for macroeconomic support. An appropriately targeted extension of JobKeeper would continue to provide assistance to the most affected businesses and support recovery. See https://treasury.gov.au/publication/jobkeeper-review

18.01.2022 Accountants have dreams too. ;) https://www.youtube.com/watch?v=G-J9Vh0TNvQ

17.01.2022 Tax Time Checklists - https://mailchi.mp/4c706aed802f/tax-time-checklists-4324600

16.01.2022 GST Personal liability for directors The Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 passed through the Senate on 5 February 2020 and has now received royal assent. This means that from 1 April 2020, directors can be personally liable for unpaid GST in some instances. The Bill introduces a number of changes targeted at addressing illegal phoenixing and the recovery of GST and other indirect taxes. The Bill extends the current laws under which directors ...can be liable for unpaid superannuation and withholding tax. Directors can now also be personally liable for: GST Unpaid Luxury Car Tax (LCT) Wine Equalisation Tax (WET). Unpaid superannuation and withholding Tax. In addition, the Bill prevents directors from backdating resignations or resigning where it will leave the company with no directors. With the passing of the Bill, it is important that Directors have processes in place to ensure that tax lodgements and payments are up to date. Directors need to ensure that they are complying with their obligations under the Corporations Act at all times.

16.01.2022 Happy Valentines Day!

16.01.2022 Why Select Us? INDEPENDENT Our team pride ourselves on providing our clients with relevant, clear and practical advice advice you can immediately implement.... QUICK AND INFORMED It is essential for organisations to be able to make quick, informed decisions in todays dynamic business environment. UNDERSTANDABLE Our clients find our relevant, objective and professional advice to be clear, to the point and easy to understand.

16.01.2022 $10000 Small Business COVID-19 Grant Program, Act Now! - https://mailchi.mp//governments-coronavirus-economic-respo

16.01.2022 Never too early to get ready for tax time. https://financefocus.connective.com.au/pre-tax-time-checkli

14.01.2022 What is your preference when communicating with your accountant ?

13.01.2022 To ensure you can claim a deduction for the 201920 income year, you need to allow processing time for your super payments to be received by your employees super funds before the end of the 201920 income year. Payments need to be accepted by the Super Fund by 23 June 2020.

10.01.2022 We currently have some office space at our Sunshine Coast Office available for rent. If you are interested please contact Alex on 07 5437 9566 to arrange a visit. https://www.rubberdesk.com.au//for-2-in-birtinya-4575/6411

09.01.2022 Federal Budget Update - https://mailchi.mp/e45be48a0a/federal-budget-update-4627036

09.01.2022 JobKeeper Payment deadline extensions The Australian Taxation Office has announced the following extensions: The time to enrol for the initial JobKeeper... period has been extended from 30 April to 31 May 2020. The deadline to pay your employees for the two pay fortnights in April has been extended from 20 April to 8 May 2020. For more information about the JobKeeper Payment, and how to receive the first round of payments, visit: bit.ly/3dHFeQL You can also join us for a free Understanding the JobKeeper Payment live webinar at 11am tomorrow. To secure your place, visit: bit.ly/3eKkoAQ

09.01.2022 Friday Funny ;)

09.01.2022 22 degrees to keep you sharp. https://www.intheblack.com//battle-to-find-the-optimal-off

08.01.2022 Something to keep you going through a long week.

08.01.2022 Mums know what a Mum needs! A few of the incredible Mums in our team have arranged for a family essentials fire relief collection to head down south on a truck full to the roof with QLD donations A few ways you too can support Aussies in need of Fire Relief :... Salvation Army - https://www.salvationarmy.org.au/donate/ WIRES Wildlife Emergency Fund - https://www.wires.org.au BlazeAid Rural Rebuilding - https://blazeaid.com.au/ See more

07.01.2022 Make sure to keep track of your hours worked from home.

07.01.2022 JobKeeper: what to do now Most businesses have now determined their eligibility for the JobKeeper payment, but with the scheme about to commence, the questions are turning to what steps are next to administer the claim. The ATO has clarified the process to claim for eligible businesses. The steps include:... Register your interest and subscribe for JobKeeper payment updates through the ATO website. Continue to pay eligible employees at least $1,500 each per fortnight (the first JobKeeper fortnight is from 30 March to 12 April), or make a single combined payment of $3,000 by the end of the month. Notify eligible employees of your intention to claim JobKeeper payments and confirm that they are not also claiming the payment through another employer. Provide nominated employees with the JobKeeper employee nomination notice to complete before the end of April if you intend to claim JobKeeper payment for April. Enrol for the JobKeeper payment on or after 20 April 2020 through the ATOs Business Portal. Fill out the online form with your bank details and entitlement claims based on business participation, e.g. sole traders. State number of employees who will be eligible for the first two JobKeeper fortnights (30 March -12 April and 13 April - 26 April). See more

07.01.2022 Wishing a very HAPPY BIRTHDAY to our founding director Jamie Mobbs!

06.01.2022 Our aim is to educate and inspire people to be organised and instil the confidence needed to take advantage of new opportunities. This can help people to take control of their lives and achieve their health, wealth and well-being goals.

06.01.2022 Round 2 opening 1 July 2020 The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queenslands Econom...ic Recovery Strategy Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver a second round of grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland. Round 2 will open on 1 July 2020. To get ready to submit an application, follow the how to apply information below. The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. The program aims to see small and micro businesses: prepare for the safe resumption of trading in the post COVID-19 recovery continue to meet operating costs access digital technologies to rebuild business operations and transition to a new way of doing business respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth upskill and reskill business owners and staff to benefit from new technologies or business models embrace business diversification to adapt and sustain operations create or retain employment. Regional and SEQ funding available The program is available to eligible businesses throughout Queensland. For round 2, funding is being equally divided between regional Queensland and South East Queensland (SEQ). South East Queensland businesses When applying for round 2, you are a South East Queensland (SEQ) business if your principal place of business is located in 1 of the following local government areas: Brisbane City Council City of Gold Coast Ipswich City Council Lockyer Valley Regional Council Logan City Council Moreton Bay Regional Council Noosa Shire Council Redlands City Council Scenic Rim Regional Council Somerset Regional Council Sunshine Coast Council Toowoomba Regional Council. Regional businesses You are a regional business if your principal place of business is any other local government areas within Queensland that is not identified as a SEQ location. Use the eligibility tool to find out if your business is in SEQ or a regional local government area. Eligibility criteria To be eligible, your business must: have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queenslands Chief Health Officer on 23 March 2020 demonstrate you have experienced a minimum 30% decline since 23 March 2020, over a minimum 1-month period due to the onset and management of COVID-19 employ staff and have fewer than 20 employees at the time of applying for the grant (employees must be on your payroll and does not include the business owner(s)) have a valid Australian Business Number (ABN) active as at 23 March 2020 be registered for GST have a Queensland headquarters have an annual turnover over $75,000 for the 201819 or 201920 financial year, or you can provide financial records that show this will be met for recently started small businesses have a payroll of less than $1.3 million not be insolvent or have owners or directors that are an undischarged bankrupt. Only 1 application per round will be accepted from an individual ABN or a financial beneficiary of a business. Successful applicants from round 1 of this program cannot apply for funding under round 2. If you have submitted a round 1 application but havent heard back yet, you are eligible to apply for round 2. Use the eligibility tool below to find out if your business is eligible to apply. Read the frequently asked questions for more information regarding eligibility. What will be funded The available grant amount is a minimum of $2,000 and up to a maximum of $10,000 per eligible small or micro business. In recognition of the significant impacts of COVID-19 on small businesses, the funding can be used towards the following: financial, legal or other professional advice to support business sustainability and diversification continuing to meet business operational costs including utilities, council rates, rent, telecommunication charges, insurance fees, licensing or franchise fees strategic planning, financial counselling or business coaching aligned to business development and diversification building the business through marketing and communications activities (e.g. content development web pages, mobile apps, visual and audio media etc.) digital/technological strategy development digital training or re-training and up-skilling employees to adapt to new business models capital costs associated with meeting COVID-19 safety requirements specialised digital equipment or business specific software to move business operations online (e.g. logistics program for online ordering). Note: Grant funds can be used towards any of the above activities occurring from 23 March 2020 onwards, keeping in mind the project must be completed within a maximum of 6 months from the date of approval. What wont be funded Non-eligible activities All invoices or quotes from suppliers will be checked to determine if they are genuine (e.g. supplier has as active ABN and the invoices or quotes have not been altered in any way). Applying small and micro businesses must meet the eligibility and assessment criteria to be considered for funding. How to apply Round 2 will open on 1 July 2020 This funding round may only be open for a short period due to demand and will close when the funding allocation is anticipated to be exhausted. Regional Queensland and South East Queensland will have independent funding allocations and may close at different times. Get ready to apply by completing the following steps. Check your eligibility to: find out if you are eligible to apply for round 2 confirm your business location subscribe to be alerted when round 2 opens. Read the application guidelines, frequently asked questions (FAQs) and application tips. Prepare your application and supporting documentation ready to submit when round 2 opens. After round 2 opens, return here to lodge an online application (only available after the round opens). Assessment process In addition to meeting the eligibility criteria, applications will be assessed against the following: funding availability applications will be processed on a first come, first served basis, and therefore not all applications will be successful submission of a complete application form, with all requested supporting documentation included value for money, as determined by the Queensland Government. Grant payments Funding will be paid upon approval of your grant application. Applicants will have 6 months to complete their projects and must acquit the total amount of funding received. Grant recipients may be subjected to a random audit by the Queensland Government (or its representatives) to ensure that the information provided is true and correct. Where it is found that false or misleading information has been provided, penalties may apply, including refunding some or all of the grant funding. More information Round 1 information Read the round 1 application guidelines, terms and conditions and frequently asked questions (FAQs). If you applied for round 1 of the grants you will have received email confirmation that your application was submitted. If you have not yet heard anything further, we are still processing applications and will be in touch to notify you if you have been successful or unsuccessful. Contact us For more information about round 1 or round 2 programs, phone 1300 654 687 or email [email protected]. Check your eligibility Has your business closed or been highly impacted by the shutdown restrictions announced by Queenslands Chief Health Officer on 23 March 2020? Read the Non-essential business closure direction from 23 March 2020. Yes No

06.01.2022 The more you bet the more you win...

05.01.2022 This is my favourite business related you tube channel. If you are in the process of starting a business, or thinking about it, check out Inc.s YouTube channel for inspiration and encouragement. The videos are short and sweet and feature big names like Shark Tank panel members Mark Cuban, Robert Herjavec, and Lori Greiner who offer their insight on success and failure. https://www.youtube.com/user/incmagazine

05.01.2022 Stimulus for small businesses that pay wages explained. https://www.cgw.com.au//covid-19-how-does-the-cash-flow-bo

05.01.2022 Mobbs & Co are proud supporters of Aunties & Uncles - All donations are tax deductible https://www.givenow.com.au/eofyappeal

04.01.2022 Tax Tip: Report income and expenses from the gig economy and any side hustles If you drive people around, do odd jobs, rent out your possessions, run social media accounts or sell products, your income from such activity may be assessable and your expenses deductible. This can include barter and cryptocurrency payments as well. ... The ATO is receiving data from a range of websites including AirTasker, Uber, AirBnB and eBay which is matched against tax returns. Make sure you keep records and report correctly. http://ow.ly/ISeM50y0snc See more

04.01.2022 Investment Property Financial Year End Strategies - https://mailchi.mp/92/financial-year-end-strategies-4107336

03.01.2022 Happy Leap Day Everyone! https://www.youtube.com/watch?v=ZcRYnmYJNHc

03.01.2022 Unfortunately there is no substitute for hard work.

02.01.2022 Regular phone meetings definitely help. http://ow.ly/a7AO50z4255

01.01.2022 Understand how depreciation works with negative gearing https://www.mobbsandcompany.com//understand-how-depreciat/