ONeill Accounting & Legal in Perth, Western Australia | Accountant

ONeill Accounting & Legal

Locality: Perth, Western Australia

Phone: +61 428 250 906

Address: PO Box 2121, ELLENBROOK 6069 6069 Perth, WA, Australia

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

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• Accountant
• Financial service
• Business consultant

25.01.2022 That time of year is coming. Time for the annual roll over of your accounting data file, closing out the financial year, issuing PAYG summaries and lodging the PAYG EOFY report file with the ATO. Most accounting packages such as XERO and MYOB will generate an electric report, that can be lodge via the portal. Remember, you are required to provide employees with a PAYG summary, or ETP statement, by 14th August, however, the PAYG EOFY report the ATO is required to be lodged by ...14th July. If you dont lodge it, you can face failure to lodge penalties. When you do your rollover, usually you do this before the first payroll in the new year, and this will also usually generate the PAYG summaries, so why not just send them out. The PAYG EOFY report, or usually an EMPDUPE data file, can be lodged via tax agent, or alternatively, if you have portal access, you can lodge it yourself. Once the PAYG EOFY report is lodged, this will inform employees prefill data so that they can actually lodge a return, without the PAYG summary hard copy... However, employees might need to be careful, to lodge too early, Ive seen one instance where an employer lodged their PAYG EOFY Report (usually an empdupe file if electronic), and then a week later lodged a second report. The second adjusted empdupe took into account FBT, where the first didnt, and created a small debt for the employee, as a result. If you are a business owner, or employee, and need any assistance with end of financial year, accounting and payroll rollover, or otherwise just general accounting and tax assistance, please feel free to send a message, or give me a call.

25.01.2022 https://www.ato.gov.au//Do-you-provide-fringe-benefits-t/

24.01.2022 Its been a while, so I thought I might share a post... ADOBE PRO DC. https://acrobat.adobe.com/au/en/acrobat/acrobat-pro.html works so well, I can:... - edit documents, - add signatures, - track signatures, - combine adobe documents - Scan documents to adobe and then convert to word. - Edit various part of documents, snapshot, highlight - create forms from word documents so that you lock parts of the document, and the client only needs to fill in the query parts - I am sure you could probably then source using an SQL query, from a series of documents or am I getting ahead of myself. I used it the other day to do a mail merge, then compiled a range of documents into one, and it cuts down on the data size, so that you can send larger documents across email, or otherwise, if you need to compile documents and store in cloud based application, this is ideal. Its cheap too, at around $23 per month AUD, and you can add licenses like photoshop and other adobe products. .

21.01.2022 https://www.ato.gov.au///Superannuation-Guarantee-Amnesty/

20.01.2022 https://www.legalwiseseminars.com.au//ato-watching-work-r/

19.01.2022 See below for quarterly GST (BAS) reporting periods and Monthly PAYG. Unless of course you are on Monthly BAS, in which case GST and PAYG are due on the dates provided in the last column.

18.01.2022 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. Well 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

18.01.2022 https://www.legalwiseseminars.com.au//proposed-division-7/

17.01.2022 PHONE SCAM ALERT! Listen out for suspicious calls claiming to be from the ATO. Today scammers have started spoofing our phone number so it looks like wer...e calling. Theyre also leaving our number on voicemails to make their contact seem real. While these calls may appear to be from us, remember that well never: threaten you with arrest demand immediate payment, particularly through unusual means such as bitcoin, prepaid credit cards or gift cards encourage you not to speak with a trusted advisor or your regular tax agent project a number on caller ID. Hang up if youre unsure! Phone us on our dedicated scam hotline on 1800008540 to check if calls are legitimate or report a scam. Warn your friends and family and read more on our scam alerts page: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

17.01.2022 https://www.ato.gov.au/Business/Single-Touch-Payroll/ Of note, single touch is for employers with more than 20 employees, and your accounting system will need to be able to report every payroll to the ATO. Guess what though..... as of 01/07/2019, even small business employers, with less than 20 employees, will also be required to report PAYG and super, with every payroll processed.

15.01.2022 So, yes, now, if you have less than 20 employees, youll need to report every payroll, including super, and PAYGWH.

14.01.2022 https://www.ato.gov.au///$20,000-instant-asset-write-off/

14.01.2022 Accountants are not bookkeepers, they are business advisors, strategists, they should be experts in governance, and creators of wealth and/or financial stability.

14.01.2022 PHISHING SCAM ALERT! Keep your eyes peeled for this new ATO-themed scam email that requests your credit/debit card details. Do not click on the link in the ...email or disclose your personal info. This scam asks recipients to log into a fake site called ATO Office Portal or ATO Gateway Portal, where the scammers hope to steal your online banking details, credit card numbers and limits, and address. Warn your family and friends so they dont fall for it! Find out more on our scam alerts page: ato.gov.au/scamalerts

14.01.2022 https://www.ato.gov.au//difference-between-employees-and-/

13.01.2022 https://www.xero.com//05/bean-done-changing-role-accounta/

12.01.2022 https://www.mybusiness.com.au//5563-stp-employers-to-say-g

12.01.2022 https://www.legalwiseseminars.com.au//care-to-share-with-/

12.01.2022 OPINION: The difference between having your money in a high-fee versus low-fee account can be $100,000 over the course of a working life.

11.01.2022 The Australian Government has announced a $17.6 billion economic stimulus plan to support the economy during coronavirus. Here are the facts for small business: bit.ly/3aVuPi3

10.01.2022 Clarification of the Travel claims for management of property expenses - Noone can claim expenses for travel for management of a RESIDENTIAL PROPERTY if its personal, or one managed by SMSF. you can actually claim the travel if your in the business of property management.... https://www.ato.gov.au/law/view/document

10.01.2022 While the upper limit has increased, anyone with a trade service loan, or help debt may want to note the bottom limit for when you start paying has reduced from $55k to $45k. So you may notice a change in your pay rate, if you have indicated to your employer that you have a TSL, or Help debt. If you havent advised your employer, I suggest you do, if you anticipate earning more than $45,000 this year. https://www.vivafp.com.au//new-hecs-help-repayment-thresho

07.01.2022 If you ever get one of these, dont pay it, you can do it yourself if you are the business name owner for $35 for one year, $99 for three. Theyve set a pretty little portal, and are just trawling the business name register for those that are expiring.

07.01.2022 Phishing Scam Ignore and delete.

07.01.2022 The decidedly unsexy aspect of building a business - staying up late, reading and re-reading inches of documents, creating case studies, and making sure it all makes sense. #procurement #Indigenousbusiness #IndigBizMonth #IndigenousBusinessMonth

06.01.2022 http://blog.taxinstitute.com.au//what-happened-in-tax-in-j

05.01.2022 https://www.ato.gov.au/law/view/document Interesting stuff - for purchasers of new properties or those under subdivision. The purchaser must remit the GST component of the purchase in whole (even if you are purchasing in installments) - to the ATO.

05.01.2022 As of 1 July 2018 - we officially can hold the firm out as providing legal services, in addition to accounting services. Primarily, these include: - Wills and probate - Contract and commercial law.... I will of course support the legal director, for research and review of contract, financial matters, shareholder agreements, and other commercial legal matters. Should be a good combination ;)

04.01.2022 GST carve-up is potentially an additional $4.7b over 8 years for WA.

03.01.2022 Warning: Do not click on links in messages claiming to be from myGov. WA ScamNet has received a report about a sms which includes a link to a fake site (picture...d) requesting personal information. We are in the process of getting the website removed. Remember myGov will never send an email or sms with hyperlinks or web addresses. See myGov security warnings at https://my.gov.au/mygov/content/html/security.html and learn more about phishing scams at www.scamnet.wa.gov.au See more

03.01.2022 https://asic.gov.au//18-343mr-asic-bans-former-perth-fina/

02.01.2022 Looking for lost super? Give me a call.

02.01.2022 Vacant land deductions held by individuals, or those not in the business of property management. https://www.ato.gov.au//land---vacant-land-an/vacant-land/