Number Pad in Parkinson | Business service

Number Pad

Locality: Parkinson

Phone: +61 423 973 211

Address: Mount Gravatt 4122 Parkinson, QLD, Australia

Website: http://www.numberpad.com.au

Likes: 22

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

25.01.2022 Hello, rental property owners! Each year seems a fairly common mistakes being made with tax claims. ATO is focus on reviewing investment property tax payers. Here are some tips to avoid. 1. Must apportioning expenses and income...Continue reading

24.01.2022 Selling or purchasing digital currency such as bitcoin? Changes now mean GST no longer applies! If you use digital currency to purchase goods and services it is the same as using money and standard GST rules apply. Learn more at ato.gov.au/GSTdigitalcurrency

23.01.2022 For those wishing to assist in Australia bush fire recovery efforts, donations may be made to national and state appeals, including (source from CPA Australia): National Australian Red Cross... https://www.redcross.org.au/ Salvation Army Disaster Appeal https://www.salvationarmy.org.au/ Vinnies Bushfire Appeal https://www.vinnies.org.au/ Victoria Bendigo Bank Bushfires Disaster Appeal (endorsed by Vic Govt) https://www.communityenterprisefoundation.com.au//bushfir/ Country Fire Authority Victoria (CFA) https://www.cfa.vic.gov.au/about/supporting-cfa#donate-cfa New South Wales Anglicare NSW South and NSW West and ACT https://www.anglicare.com.au//appeals/bushfire-appeal-2020/ NSW Rural Fire Service (RFS) https://www.rfs.nsw.gov.au/volun/support-your-local-brigade RSPCA NSW Bushfire Appeal https://www.rspcansw.org.au/bushfire-appeal/ WIRES (NSW Wildlife Information, Rescue and Education Service Inc.) https://www.wires.org.au/donate/emergency-fund South Australia Kangaroo Island Mayors Relief Fund (endorsed by SA Govt) https://www.kangarooisland.sa.gov.au//ki-mayoral-relief-an State Emergency Relief Fund, for those affected by the Adelaide Hills fires at Cudlee Creek and beyond https://www.premier.sa.gov.au//new-bushfire-relief-fund-es South Australian Country Fire Service (CFS) https://cfsfoundation.org.au/donate Queensland Rural Fire Brigades Association Queensland (RFBAQ) https://rfbaq.org/donate-to-a-specific-brigade

23.01.2022 Employers and Business Owners.. please take note that super guarantee contributions must be paid by 30 June (appear on your bank statement) to qualify for a tax deduction in the 201617 financial year.

22.01.2022 Hey, send me your myGov username and password and I’ll get you a good refund If this sounds familiar, chances are you’ve been targeted by someone who’s ...up to no good. Protect yourself against fraud and never share your myGov login details. Be suspicious if you’re asked to hand over your username or password there’s no need for anyone but you to access your account. See more security tips at www.ato.gov.au/General/Online-services/Online-security

21.01.2022 Brisbane café owners fined after illegally forcing a foreign worker to hand back $18,000 of his wages. Story: https://yhoo.it/2rLrfjO #7News

21.01.2022 Ready for 2019 Tax Season? The Government announced new changes to the Personal Income Tax Plan as part of the 2019-20 Federal Budget. These proposed has passed the Parliament! From the 2018-19 income year:... Increase the low and middle income tax offset from a maximum amount of $530 to $1,080 per annum and increase the base amount from $200 to $255 per annum Taxpayers with a taxable income which does not exceed $37,000 will receive a low and middle income tax offset of up to $255 Taxpayers with a taxable income which exceeds $37,000 but is not more than $48,000 will receive $255, plus an amount equal to 7.5 per cent to the maximum offset of $1,080 Taxpayers with a taxable income which exceeds $48,000 but is not more than $90,000 will be eligible for the maximum low and middle income tax offset of $1,080 Taxpayers with a taxable income which exceeds $90,000 but is not more than $126,000 will be eligible for a low and middle income tax offset of $1,080, less an amount equal to 3 per cent of the excess. Contact us on 0423 973 211 to book in your appointment

19.01.2022 First myth - All FOOD are GST Free! Today, you buy frozen pizzas and frozen pasties from Coles and only need reheating to be ready for consumption. Do you know this food is subject to GST? But, if you buy frozen dim sums, frozen kebabs and frozen spring rolls from Coles. It is GST Free!... The question is WHY? Both are frozen food. According to GST Act, if it is a "prepared meals", directly compete against takeaways and restaurants and must freezing for storage are subject to GST! E.g e.g Pizza, Rice dishes, Pasties etc Second myth - All milk and water are GST Free! Again, you buy soda water and vanilla flavoured soy milk from Coles. Do you pay GST on these items? Yes, you do pay GST! According to GST Act, if it is Carbonated and Flavoured beverages are subject to GST! E.g carbonated/flavoured - milk, mineral water, soft drink, tonic water and fermented milk etc "Live as if you were to die tomorrow. Learn as if you were to live forever." Mahatma Gandhi

18.01.2022 HAPPY NEW FINANCIAL YEAR 18/19!!! * From 1 July 2018, the threshold for the 32.5 per cent tax rate will increase from $87,000 to $90,000 * From 1 July 2018, a Low and Middle Income Tax Offset, a non-refundable tax offset of up to $530 will be introduced. Australian resident individuals with income not exceeding $125,333 will be entitled to the offset in part or full, depending on their income... * From 1 July 2022, the Low and Middle Income Tax Offset and the Low Income Tax Offset will be replaced by a new low income tax offset, of up to $645. Taxpayers earning not more than $37,000 will be entitled to the full offset , while it will be reduced for income above that amount and taper out at $66,667 *From 1 July 2022, the thresholds for the 32.5 per cent tax rate will increased from $37,000 to $90,000, to $41,000 to $120,000 * From 1 July 2024, the threshold for the 32.5 per cent tax rate will be further increased to $200,000 from $120,000, removing the 37 per cent tax rate. The top marginal rate of 45 cents (excluding the Medicare Levy) will commence at $200,001

18.01.2022 Hey, send me your myGov username and password and Ill get you a good refund If this sounds familiar, chances are youve been targeted by someone whos ...up to no good. Protect yourself against fraud and never share your myGov login details. Be suspicious if youre asked to hand over your username or password theres no need for anyone but you to access your account. See more security tips at www.ato.gov.au/General/Online-services/Online-security

17.01.2022 The following changes apply from 1 July 2016 for Small Business: 27.5% company tax rate for small businesses. The maximum franking credit that you can allocate to a frankable distribution is also 27.5%. 8% small business income tax offset (up to $1,000) limited to businesses with a turnover of less than $5 million. It applies only to business income for sole traders, or share of business income for partnerships or trusts.... $10 million small business turnover threshold (previously $2 million). This means more businesses can access a range of small business concessions, including the $20,000 instant asset write-off and will be continued in 2017-2018 financial year.

13.01.2022 My home town Kota Kinabalu Sabah Malaysia is a beautiful place. Happy Friday , another two months then 2020 new year new page of a new calendar.

12.01.2022 What is Single Touch Payroll (STP)?? STP is changing the method employers report to the Australian Taxation Office (ATO). Basically, in the future all employers will say good bye to prepare and submit End of Year PAYG Payment Summary to ATO. Employer will report as you pay!... Employers will need to report the payment (e.g Salary & Wages, PAYGW, and Super information) to ATO when you pay your employees. What if I report manually (e.g paper)? If you report manually, you'll need to getting ready to report the payment (e.g Salary & Wages, PAYGW, and Super information)through a Payroll Solution which has Single Touch Payroll enabled. Have you prepared for Single Touch Payroll yet? 20 or more employees - From 1 July 2018, if you have 20 or more employees. Then you'll be mandatory to report through Single Touch Payroll. Please note - Once you become a substantial employer you will be required to continue reporting through Single Touch Payroll even if your employee numbers drop to 19 or less unless the Commissioner grants you an exemption. 19 or less employees - If you have 19 or less employees will be required to report through Single Touch Payroll from 1 July 2019. " The best preparation for tomorrow is doing your best today" quote from H. Jackson Brown Jr

12.01.2022 The start date for small employers, those with 19 or less employees, to begin Single Touch Payroll (STP) reporting is quickly approaching from 01 July 2019. Ensure you are ready this!

09.01.2022 Attention! Small Business Owner!! From 01 July 2017, Simpler BAS will be the default GST Reporting method for small business with GST turnover less than $10 million. Only need to report ... Total Sales (G1) GST on Sales (1A) GST on Purchases (1B) The following will no longer be required Export Sales (G2) GST Free Sales (G3) Capital Purchases (G10) Non Capital Purchases (G11) ** Keeping records e.g Invoices as proof of claims still require for BAS lodgement.

08.01.2022 Come to our information session to see why were visiting cash-only businesses.

06.01.2022 A global cyber attack that has affected 200,000 victims has spread to Australia with at least one business hit and the Federal government investigating two others. More: https://yhoo.it/2rgl3RY #7News

05.01.2022 The Australian Taxation Office (ATO) is collecting bulk records from Australian cryptocurrency designated service providers (DSPs) as part of a data matching program to ensure people trading in cryptocurrency are paying the right amount of tax. There has been significant growth in participation of crypto-assets in recent years. It is estimated that there are between 500,000 to one million Australians that have invested in crypto-assets. Receipt Bank The Commissioner has given... notice that it will collect data from cryptocurrency designated service providers, under notice, to identify individuals or businesses who have or may be engaged in buying, selling or transferring cryptocurrency during the 2014-15 to 2019-20 financial years. The purpose of this data matching program is to ensure that taxpayers are correctly meeting their taxation and superannuation obligations in relation to cryptocurrency transactions and ownership. These obligations may include registration, lodgement, reporting and payment responsibilities. Following the data matching exercise people may be contacted by the ATO and given the opportunity to verify the information collected, before any compliance action is undertaken. People will be given at least 28 days to clarify any information that has been obtained from the data provider. Sourced from CPA and ATO

03.01.2022 Small is Powerful, Small is Good! Get your First Month Bookkeeping Services Free of Charge! Yes! Is Free!

01.01.2022 The Fair Work Commission has announced a 3.3% increase to minimum wages following its 2017 Annual Wage Review. The increase will apply to base rates of pay from the first full pay period starting on or after 1 July 2017. The new national minimum wage will be $694.90 per week or $18.29 per hour. Changes to penalty rates affect the Hospitality, Pharmacy, Fast Food, Retail and Restaurant industries and come into effect on 1 July 2017