P & A Accountants & Business Advisers in Adelaide, South Australia | Accountant

P & A Accountants & Business Advisers

Locality: Adelaide, South Australia

Phone: +61 8 8290 9300

Address: Level 3, 141-149 Ifould Street 5000 Adelaide, SA, Australia

Website: http://www.pandaca.biz

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25.01.2022 Businesses: Paying contractors or subcontractors for cleaning or courier services? New annual reporting obligations apply from 1 July 2018. To find out more, visit www.ato.gov.au//Reports-and/Taxable-payments-annual-report

23.01.2022 Gain a better understanding of property tax depreciation with our free 30 min webinar. Running at 1.00pm on Thursday 19th December, we will demonstrate real-lif...e examples where claiming depreciation is applied and show exactly how investors can receive thousands of dollars in deductions each financial year. Register now to learn how to get the most from your investment property. http://ow.ly/KZ9q50xq7kn See more

22.01.2022 Employers: Have four or fewer employees? If you arent already using Single Touch Payroll enabled software, a range of no-cost and low-cost solutions are available for you. Check out our register at www.ato.gov.au//in/low-cost-single-touch-payroll-solutions

22.01.2022 Small businesses: Have you heard the good news? The $20,000 instant asset write-off threshold has been extended to 30 June 2019! Find out how you could benefit at www.ato.gov.au/Sbdepreciation

21.01.2022 SCAM ALERT - Watch out for fake Medicare emails asking you to update your bank details. Read more: https://www.staysmartonline.gov.au//beware-fake-medicare-e

20.01.2022 Each tax time, there are always a few tax myths floating around. One of the most common? That everyone can automatically claim work-related expenses up to a cer...tain value. Read on as we set the record straight Myth: Everyone can claim $300 for work-related expenses, including $150 for work clothes or laundry, and 5,000km worth of car expenses. Fact: Not quite true! Theres no automatic entitlement in order to claim a work-related expense, you must have actually spent the money. And while some claims dont require up-front evidence, you must be able to demonstrate the expenses relate to earning your income and how you calculated the claims. If youre not sure what you can claim or how to calculate your deductions, read our info at www.ato.gov.au//Income-and-deduct/Deductions-you-can-claim or chat with a registered tax agent.

20.01.2022 Budget 201920 has been released. Access the Budget papers at https://budget.gov.au The measures announced as part of Budget 201920 are subject to receiving ro...yal assent and are therefore not yet law. While we sometimes provide input on tax and superannuation policies, the Australian Government is responsible for the legislation which we then administer on their behalf. Learn more at www.ato.gov.au//New-leg/Latest-news-on-tax-law-and-policy/ See more

20.01.2022 Malicious COVID-19 scams are circulating Australia. These phishing scams are often sophisticated, preying on peoples desire for information and imitating trust...ed organisations or government agencies. The volume of COVID-19 related scams is expected to increase further in the coming months. Learn more to protect yourself and your clients: http://ow.ly/rFFg50z1xl9 See more

20.01.2022 If youve lodged your tax return, got a refund and are patiently waiting for this extra handout to hit your account, think again. [FREE TO READ]

20.01.2022 It's fast approaching that time of the year again!

20.01.2022 Employers take note, new tax tables available now

20.01.2022 Earning money through the sharing economy is no different to earning it any other way you need to declare it in your tax return. You may have participated in ...the sharing economy if you: Provided a lift for a fee Shared your skills or services, which includes odd jobs and deliveries Rented out assets such as your car or caravan Rented out all or part of your home Find out everything you need to know at ato.gov.au/sharingeconomy

19.01.2022 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

19.01.2022 Pre-Xerocon 2019. Thanks for the invite PI #practiceignition #xerocon #precon #suitefiles #xero #brisbane

18.01.2022 Tim has to buy tools for his job as a tradie, which means he can claim a deduction on his tax return. If youre a builder, plumber, sparkie, mechanic or other k...ind of tradie, you generally: Can claim the cost of travel while working, including trips between sites Can claim the cost of protective clothes youre required to wear (eg steel-capped boots) Can claim the work-related portion of your phone expenses if you have to make calls or send texts for work Cant claim the cost of driving from home to work, except in limited circumstances Cant claim a deduction for plain clothes (eg t-shirt, jeans) even if your boss tells you to wear them. Find even more info in our guides at www.ato.gov.au//In/Occupation-and-industry-specific-guides

16.01.2022 There are many fixtures and fittings within your investment property that qualify for a depreciation deduction and can help put more money back in your pocket. ...Learn how you can claim on average between $5,000 and $10,000 in depreciation deductions in the first full financial year. Register for our complimentary webinar next Wednesday 25th July at 2PM AEST. https://attendee.gotowebinar.com/regist/4047797473198259203 See more

16.01.2022 Xerocon 2019 begins

15.01.2022 Budget 201819 has been released. Access the Budget papers at www.budget.gov.au The measures announced as part of Budget 201819 are subject to receiving royal ...assent and are therefore not yet law. While we sometimes provide input on tax and superannuation policies, the Australian Government is responsible for the legislation which we then administer on their behalf. Learn more at ato.gov.au/newlegislation See more

12.01.2022 Do you know your tax myths from tax facts? Test your working-from-home knowledge below as we set the record straight. Myth: If I use the shortcut method, I ...can claim 80 cents per work hour plus other equipment (that costs $300 or less) to use when working from home. Fact: Under the shortcut method you can only claim 80 cents per work hour. This method covers all deductible expenses, including office furniture and technology. You can’t claim any other working from home expenses on top. Myth: I can claim everything I bought to work from home (new laptop, desk, toilet paper, tea or coffee and my kids’ education supplies). Fact: There are three methods you can use to calculate your working from home expenses. You can choose the method that will give you the best outcome but you must meet the eligibility and record keeping requirements. You cannot claim items such as toilet paper, tea, coffee or your kids’ education costs, these are private expenses. Myth: I can’t claim my working from home running expenses, even though I share the costs with my housemate because the bills aren’t in my name. Fact: Under the shortcut method multiple eligible taxpayers working from the same home can each claim 80 cents per work hour, even if the utility bill isn’t in your name. Find out more about working from home expenses @ ato.gov.au/home

12.01.2022 Scams are occurring more than ever these days. If you have any doubt at all, please contact your accountant or the ATO directly.

10.01.2022 Avoid common tax mistakes with your rental property check out our top 10 tips! 1. Keep evidence to support your claims. 2. Make sure your property is genuin...ely available for rent. 3. Initial repairs and improvements cant be claimed in full in the year expenses are incurred. 4. Borrowing expenses over $100 must be claimed over five years. 5. The costs of buying a property cant be claimed as a deduction. 6. You can only claim interest as a deduction for the part of the loan that relates to your rental property. 7. Capital works can be claimed at 2.5% of the cost for 40 years. 8. You cant claim deductions for periods of personal use. 9. If you co-own, declare income and claim expenses according to your legal ownership. 10. When you sell, be sure to work out if you make a capital gain or capital loss. Find out more at ato.gov.au/10rentaltips

09.01.2022 A recent incident in which a would-be scammer claimed to work for the SA Police has prompted a fresh warning to the community to not be taken in by such tactics.... The caller claimed to be a police officer, and told their intended victim that there was an outstanding warrant in their name in relation to a tax debt. They were asked to pay their tax bill using gift cards, but were spoken to by a shop assistant who raised the possibility the caller was a fraudster, prompting them to visit a police station. Of concern was the fact the telephone number displayed was that of a South Australian police station, however the call was not being made from that location. Unfortunately modifying the caller ID is a simple technique which can be used by scammers as a way to build credibility by making a call or SMS appear to come from a reputable agency. In the recent case, the intended victim visited the police station only to discover there was no person of the name they were given working there. Nor do SA Police make calls on behalf of the tax department, or ask for payments in gift cards. While only one report has been received in relation to the exploitation of this particular phone number, police are aware this type of practice is used by many would-be scammers to create a false impression about where a call is being made from. Irrespective of the phone number displayed, or who an unsolicited caller claims to work for, it is important to take independent steps to verify a callers identity before providing any personal information or making payments of any sort. Scammers often contact people by phone or on the internet making it important to remember these tips to protect yourself: Hang up when someone you don't know calls Immediately delete emails from people you don't know, and from agencies or businesses that you didnt agree to receive emails from do not click on links in those emails Never send money online to someone you haven't met in person If in doubt contact the government agency from a phone number or website that you have located and were not directed to Remember the ATO will not request payment of a debt via iTunes, Google Play cards or Bitcoins Never give your personal, credit card or online account details over the phone unless you made the call and the phone number came from a trusted source If you think you have provided your bank account details to a scammer, contact your bank or financial institution immediately Never give an unsolicited person remote access to your computer. You may compromise the security of your device and your personal information Ensure your computer is protected with regularly updated anti-virus and anti-spyware software Please share this information - and discuss the prevalence of these type of scams with people in your circle who may be less savvy about this type of technology or scam activity. To report a scam or for further information visit www.scamwatch.gov.au See more

09.01.2022 We recently investigated a taxpayer who claimed $3,800 for transporting bulky tools to and from work. He said there was no secure area to store them at his work...place but when we talked to his employer, they told us that he had a company car and didnt actually need to transport the equipment Since the taxpayer didnt incur any expenses and knowingly misrepresented his circumstances, we knocked back the claim and applied a penalty. Read about more dodgy claims and get the low-down on car expenses at ato.gov.au//ATO-driven-to-scrutinise-car-claims-this-tax-t

09.01.2022 STP is coming - are you ready?

09.01.2022 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 there’s a legal case against you, and if you don’t follow instructions and provide the information requested, you’ll be arrested. Don’t follow the prompts, and don’t provide the information requested. We will never send unsolicited pre-recorded messages to your phone, or threaten you with immediate arrest. If you’re 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/

08.01.2022 Businesses: Not sure if you need to report through Single Touch Payroll? Count the employees you have on your payroll on 1 April. If you have 20 or more, you need to get ready. Find out more at ato.gov.au/singletouchpayroll

07.01.2022 Massive tax reform if Labor wins power later this year. Tax impact will be felt by many. Get ready to pay a lot more tax as a whole, if all their policy announcements come to pass - not just this one!

07.01.2022 Important notice re Covid19

06.01.2022 Work related expenses are the hidden target in the Federal Budget. See our media release for more. https://goo.gl/H4Xyzr #Budget2018 #auspol

06.01.2022 Planning to claim deductions for work-related expenses at tax time? We have a range of occupation guides to help you get your claims right Dont miss out find info on deductions specific to your industry at ato.gov.au/occupations

06.01.2022 Changes to the low and middle income tax offset announced in Budget 201920 are now law. The amount of offset you may be entitled to, and the amount of any refu...nd, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. Well automatically take into account any offset youre entitled to in your tax return, even if you've already lodged. You wont need to contact us. Refunds for tax returns already lodged are expected to start issuing towards the end of next week and into the following week, which is in line with the normal processing of refunds for this time of year. Find out more at www.ato.gov.au//Lower-taxes-for-hard-working-Australians-/

04.01.2022 A most delightful surprise visit from Bec today! The team @paconnectadl is most grateful for this! Totally love supporting the awesome work @huttstcentre do everyday!! @ P & A Accountants & Business Advisers

02.01.2022 PHONE SCAM ALERT! Scammers pretending to be from the ATO are using a new tactic. Theyll phone you about a fake tax debt and try to start a three-way call ...with another scammer who claims to work alongside your regular tax agent. Keep an ear out for suspicious phone calls and warn your friends and family to beware of this scam, especially if they use an agent. If you have any doubts about a call you receive, dont hesitate to hang up and report it to us on 1800 008 540. For further details on this scam and others, visit www.ato.gov.au/scamalerts

02.01.2022 Employers: If you have 20 or more employees, Single Touch Payroll (STP) will soon streamline your payroll reporting obligations. Take the next steps to get read...y. Contact your provider Connect with us Review your business processes Apply for more time, if you need it Use our checklist now at ato.gov.au//Single-Tou/Get-ready-for-Single-Touch-Payroll/