Oceania Public Accountants in Murrumba Downs, Queensland, Australia | Business service

Oceania Public Accountants

Locality: Murrumba Downs, Queensland, Australia

Phone: +61 7 3171 2201

Address: 264 Dohles Rocks Road 4503 Murrumba Downs, QLD, Australia

Website: http://www.opa.net.au

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• Business service
• Tax preparation service
• Accountant

25.01.2022 As part of the Government's stimulus package, they have increased the cash flow assistance for businesses. This assistance will assist businesses to manage cashflow challenges and help businesses retain their employees. These two measures are designed to support employing small and medium sized businesses and to improve business confidence.The Boosting Cash Flow for Employers measure also supports the activities of not-for-profits (including charities) at a time where they are facing increased demand for services.The wage subsidy for apprentices and trainees will help to ensure the continued development of the skilled workforce. https://treasury.gov.au//Fact_sheet-Cash_flow_assistance_f Any questions or assistance required, please don't hesitate to contact us.

23.01.2022 The $150k instant asset write-off will only run until 30 June 2020, before reverting to its legislated $1,000 threshold and reduced eligibility to small businesses with a turnover of less than $10 million. Something to consider if you want to utilize this incentive.

21.01.2022 During this difficult times, the ATO will allow quarterly GST reporting businesses to opt in to monthly GST reporting in order to get quicker access to GST refunds they may be entitled to. Businesses will be allowed to vary pay-as-you-go (PAYG) instalment amounts to zero for the March 2020 quarter and be allowed to claim a refund for any instalments made for the September 2019 and December 2019 quarters. If you require any assistance, please don't hesitate to contact us.

18.01.2022 Something interesting...

16.01.2022 The @TPB_gov_au has revealed businesses with thousands of employees may have been engaged by unregistered advisers on the government's stimulus measures #tax #ausbiz #accountants http://ow.ly/cejG50zNfCf

15.01.2022 If it sounds to good to be true, it probably is...

13.01.2022 Guidance from Treasury regarding the JobKeeper payments. Some notes: Regarding the turnover test, Treasury has now clarified that turnover will be defined according to the current calculation for GST purposes as reported on business activity statements. It will include all taxable supplies and all GST-free supplies but not input-taxed supplies. Partnerships, trusts, shareholders... Treasury has also now advised that only one partner in a partnership can be nominated to receive the JobKeeper payments. Likewise, where beneficiaries of a trust only receive distributions, rather than being paid salary and wages for work done, one individual beneficiary can be nominated to receive the JobKeeper payment. Eligible businesses will also only be allowed to nominate one director to receive the payment and that individual may not receive the payment as an employee. Further, an eligible business that pays shareholders that provide labour in the form of dividends will only be able to nominate one shareholder to receive the JobKeeper payment. If you have any questions or require assistance, please don't hesitate to contact us.

13.01.2022 Always be vigilant...

11.01.2022 Contact us if you require any assistance with STP reporting.

11.01.2022 New tax and superannuation measures are now available to help support those affected by COVID-19. These include: early access to super reducing super minim...um drawdown rates boosting cash flow for employers increasing the instant asset write-off backing business investment You can find information on these measures, as well as ways we can support you, at www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

10.01.2022 Dear all, thank you for your continues support during 2019. Please note, our office will close today at midday and will reopen on the 6th of January 2020 at 9:00 am. Enjoy the festive season.

08.01.2022 With the announcement of the AWOTE figure for the December 2020 quarter, the concessional contribution cap is set to increase from $25,000 p.a. to $27,500 pa from 1 July 2021. The non-concessional cap in 202122 will see the standard cap increased from $100,000 to $110,000 from this date.

07.01.2022 The instant asset write-off threshold of $150,000 for businesses with an aggregated turnover of less than $500 million will now be extended to 31 December 2020.

05.01.2022 ‘Have you been involved in buying and selling, or investing in cryptocurrencies over the course of the past year?’

04.01.2022 As everyone is aware, the COVID-19 pandemic has placed us in uncharted waters and we now face some uncertainties. It is our responsibility to act in the best interest of our clients and staff to ensure that we reduce the risk of contracting this disease. At the moment our office is open, however we would like to respectfully request that our clients limit face-to-face meetings unless absolutely necessary. We are able to communicate with you via phone, email and Skype.... Should we be instructed to close, please note that we will endeavour to conduct business as usual and will notify you accordingly. Please take care of yourself and the ones you love and stay safe and well.

03.01.2022 Update about the JobKeeper payment eligibility criteria. Please contact us if you have any questions.

01.01.2022 A quick update from the ato about the available covid-19 incentives. As always please feel free to contact us if you have any questions. Stay safe.