Parallax Accounting Pty Ltd in Toowoomba, Queensland | Accountant

Parallax Accounting Pty Ltd

Locality: Toowoomba, Queensland

Phone: +61 7 4613 5400

Address: 194 West St 4350 Toowoomba, QLD, Australia

Website: https://www.parallaxaccounting.com.au

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• Tax preparation service
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• Financial service

25.01.2022 During the Christmas period, we received Magic Message Beans from our clients ShareStory. These magic beans have messages engraved onto the seed and when the bean plant grows, the message appears on the bean! Last week we decided to put our green thumbs to use. The beans were slowly but surely growing and over the weekend have exploded. Check out our progress shots.

25.01.2022 >> Check out this amazing gift we received from our awesome clients ShareStory today. We truly appreciate your generosity the team cannot wait to sit down to a glass of "Share-az". It is such a pleasure having clients like you. We truly appreciate your business and look forward to creating more lightbulb moments with you in the new year. Check out ShareStory on: ... Facebook: ShareStory Instagram: https://www.instagram.com/sharestoryau/?hl=en Website: https://sharestory.com.au/ LinkedIn: https://www.linkedin.com/company/sharestoryau/ See more

25.01.2022 >> The Government has made another determination extending the timeframe within which companies can hold meetings electronically and enabling electronic signatures to be used, to relieve companies from problems they face due to the Coronavirus situation. This determination is intended to be in effect until (and will be repealed from) 22 March 2021, unless the Government determines otherwise.... #parallaxaccounting #toowoomba #company #meeting

25.01.2022 >> - Three weeks down, one to go. We are now on the home stretch! Your donation will fund groundbreaking projects in mental health and suicide prevention.... Let’s change the face of men’s health together. Visit my Mo-Space to donate to this wonderful cause. Please click the link below. https://movember.com/m/14358787?mc=1 #parallaxaccounting #toowoomba #movember #donate

24.01.2022 >> ! If your taxable income for the year is $,, you are eligible for the offset! If you fall into this category you will receive between $ $, depending on your circumstances. To access this offset you wont have to do anything. The ATO will automatically calculate and apply this amount once your return is lodged.... If you have any questions or want further information on the tax offset? Speak to one of our accountants today! Phone us on 4613 5400.

24.01.2022 >> Bec Steger (Administration Manager) Bec has been our receptionist at Parallax since 2015 and is the glue that holds our team together. Bec is the welcoming face who greets clients at our office and assists with any concerns and queries clients have. Her other roles include liaison with ASIC and various administration duties.... Bec has 13 years experience working in administration and is a registered Commissioner for Declarations (Cdec). Outside of work Becs family and friends are at the heart of everything she enjoys to do. Shes kept busy running after her young family. #parallaxaccounting #toowoomba #accountants

23.01.2022 Parallax Accounting are seeking a suitably qualified, experienced and passionate Senior Accountant to join our dynamic team. Key duties and responsibilities include, but are not limited to: ~ Identifying complex tax issues and providing tax planning for clients ~ Preparation of Income Tax Returns & Financial Statements for all entity types... ~ Preparation of Business Activity Statements ~ Liaising with the ATO on taxation matters ~ Liaising with clients and other stakeholders ~ Managing your own client base To apply, please respond via SEEK or alternatively email a current resume and a cover letter outlining your suitability for the role to [email protected]

22.01.2022 >> Take the stress out of lodging your own tax return. Come visit one of our accountants and receive your ! By seeing an accountant for your taxation affairs, you will:... ; Not to mention, our fee is deductible. In other words it pays for itself! Now is the time to call and book your appointment! Phone us on 4613 5400. We look forward to hearing from you!

22.01.2022 >> : The Rural Economic Development Grant is aimed at primary producers and is designed to fund projects which provide unique opportunities to generate economic and employment opportunities related to primary production across rural and remote Queensland. : .... Grants are up to a maximum of $250,000 with a 50% cash contribution requirement from applicants Eligible projects must be primary production related, generate job creation, provide value for money and significant economic benefit to a rural area. For information on how to apply, please visit the QRIDA website below https://www.qrida.qld.gov.au//rural-economic-development-g #parallaxaccounting #accountanttoowoomba #accountantstoowoomba #toowoombaaccountant #toowoombaaccountants #grant #primaryproducers #queensland

22.01.2022 >> As tempting as it is, taxpayers should avoid rushing to file their tax return when the financial year ends on 30 June. This year many people will be reliant on refunds after being affected by the COVID-19 pandemic. However, rushing in to lodge your return on 1 July could mean missing out on part of your end-of-year refund.... : . Even if you get your return in early the ATO generally take a couple of weeks to start processing these lodgements. . With Single Touch Payroll coming into play this year, employers with 20 or more employees do not have to finalise data until the 14 July and for employers with 19 or less employees this data does not have to be finalised until 31 July. This means a lot of information relevant to preparing a tax return will not be available until mid to late July. So if you rush in within the first few days, there is the risk of omitting information relevant to your tax return. If you fail to declare all of your income, it can lead to an audit or you may have to pay your tax agent to amend your tax return to include any income or expenses you did not include originally. . In the meantime - start gathering the information you will need on things such as investment properties, rental income, work-related expenses and anything else you plan to claim and start gathering tax invoices. For more tax time information follow the link below https://www.parallaxaccounting.com.au//250-why-you-shouldn #toowoombaaccountant #toowoombaaccountants #accountanttoowoomba #accountantstoowoomba #parallaxaccounting #accounting #taxtime #taxreturn #tax

21.01.2022 >> Initially introduced on 6 March 2020, the government super guarantee amnesty is nearing its end. We strongly recommend that employers review their past superannuation guarantee positions to identify any potential exposure that should be disclosed before the amnesty ends on .... The amnesty allows employers to disclose and pay previously unpaid super guarantee charge, including nominal interest, they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018. At present, the Government has not suggested that this period will be extended, regardless of other pressures currently faced by employers (including most importantly, the COVID-19 pandemic). #parallaxaccounting #toowoomba #accountants

21.01.2022 >> - In a decision of the Administrative Appeals Tribunal, a taxpayer, Mr Bell, was a denied a deduction for $21,565.73 of work-related vehicle expenses for the 2016 income year. For the full story, please visit the link below ... https://www.parallaxaccounting.com.au//268-deduction-for-w #parallaxaccounting #toowoomba

21.01.2022 >> The ATO has reminded taxpayers in a property business or thinking about investing in property that there are things they should know. Such as:... they need a clearance certificate from the supplier when buying property over $750,000; they may have to pay the GST on the sale of brand new residential property separately to the ATO; and income from property activities could increase their total business turnover. The ATO says taxpayers with property should keep accurate and complete records where they: rent it out as a residential property; flip houses; and/or build a new house to sell for a profit. In addition, when its time to lodge, taxpayers should remember some expenses need to be claimed over time. It is only possible to claim expenses for: periods when the property is genuinely available for rent; and travel related to renting property, if the taxpayer is in the business of letting properties. #parallaxaccounting #toowoomba #accountant #property #tax

20.01.2022 >> SMSFs May Be Able To Offer Rental Relief To Related Party Tenants As a result of the financial effects of the COVID-19 pandemic, some self-managed superannuation funds which own real property may want to give a tenant who is a related party a reduction in rent because the related party tenant has had a collapse in revenue. Charging a related party a price that is less than market value is usually a contravention of the strict legislative rules SMSFs and their trust...ees are required to follow. The ATO has recently advised its approach for the 201920 and 202021 financial years. Read more: https://www.parallaxaccounting.com.au//239-smsfs-may-be-ab #toowoombaaccountants #toowoombaaccountant #parallaxaccounting #toowoomba #smsf #superannuation #property #rent

18.01.2022 >> !! Time is rapidly running out for employers to apply for the SG amnesty and catch up on past unpaid super without incurring a penalty. The ATO encourages employers to apply for the amnesty and make payments as early as they can.... Importantly, eligible amnesty amounts paid by 7 September 2020 are tax deductible! : ( ) . Broadly, to be eligible for the amnesty: the unpaid super must be for a quarter between 1 July 1992 and 31 March 2018; the shortfall cannot have already been disclosed to the ATO; and the ATO cannot already be examining the shortfall. If an employer cannot pay in full, the ATO will work with them to set up a flexible payment plan. Read more by following the link below: https://www.parallaxaccounting.com.au//258-superannuation- #parallaxaccounting #toowoomba #tax #business #superannuation #accountants #accountant

18.01.2022 >> Nicole Hibbard CPA (Senior Accountant) Nicole started at Parallax at the beginning of 2019. She has over 25 years experience in the industry and is one of Parallaxs senior accountants. In her role Nicole meets with our clients and handles their accounting and taxation affairs.... Nicole graduated from the University of New England in 1986 with a Bachelor of Financial Administration. From here she gained her CPA Australia qualification in 1999. In her spare time youll find Nicole catching up with family and friends, gardening and keeping fit. #parallaxaccounting #toowoomba #accountant #tax

17.01.2022 >> - ? Property investors and businesses will often engage a specialist quantity surveyor to prepare a tax report on capital works and depreciation deductions available to them under the tax law in respect of their income-producing properties for example, a rental property, office building or factory. A thorough physical inspection of the property by a quantity surveyor plays a vital role in this proc...ess in order to, amongst other things: ; ; , . For further information, please visit the website below https://www.parallaxaccounting.com.au//249-covid-19-and-ta #parallaxaccounting #toowoomba #toowoombaaccountants #toowoombaaccountant #accountants #accountant #accountantstoowoomba #accountanttoowoomba #inspections

16.01.2022 >> ... November and December are not when you want to be waiting until the end of the month to issue your invoices. If you have not yet sent this month or last month’s invoices, send them now! ... For small businesses, Christmas ‘tis the season to be extra explicit about payment dates. There’s no shame in saying you’re chasing invoices early because it’s Christmas, so actually say that when you’re making contact with your debtors. If your customers haven’t already realised that the holidays are a difficult cash flow period you may just be giving them a much needed wake up call. #parallaxaccounting #toowoomba #christmas

15.01.2022 >> Our office will reopen bright and early on Monday morning at 8:30am.

14.01.2022 >> ( ) This legislation contains amendments to ensure the tax concessions available to minors in relation to income from a testamentary trust only apply in respect of income generated from assets of the deceased estate that are transferred to the testamentary trust (or the proceeds of the disposal or investment of those assets). For further details, please follow the link below ... https://www.parallaxaccounting.com.au//251-treasury-laws-a #parallaxaccounting #toowoomba #accountants #accountantstoowoomba #accountanttoowoomba #toowoombaaccountant #toowoombaaccountants #trusts #minors #income

14.01.2022 >> Keith Braved the Shave! On Friday evening Keith shaved his luscious, slightly-greying locks in support of the Worlds Greatest Shave. As a whole, the Parallax Accounting team has raised just over $700 to for the Leukemia Foundation in support of finding a cure for blood cancer. ... Thank you to everyone who made generous donations, and a big thank you to Aimee from Aimee Fay Hairdressing for volunteering her time to come and shave Keiths hair. With selfless acts and fundraising like this for vital research, we can work towards finding a cure! #worldsgreatestshave #shaveforacure #findacure #toowoombaaccountants #parallaxaccounting

12.01.2022 >> Keith Hamilton FNTAA (Director) After 10 years in the accounting industry, Keith started his own practice, KRH Accounting, in 2010 to better service the needs of his clients. In July 2014, his client base had expanded to a size whereby Shaun & Keith could start Parallax Accounting as equal partners.... Before finding his true passion in accounting, Keith had a successful career working in the sciences for 17 years after completing a Bachelor of Applied Science in Biology & Chemistry. His accounting career started in 2001 and in 2011 he became a registered tax agent. Keith has gained a Graduate Diploma Financial Management (accounting) and was admitted as a Fellow of the NTAA in 2014. Outside of the office, Keith likes socialising, enjoying and cellaring wines, attending the theatre, and playing table tennis fixtures. #parallaxaccounting #toowoomba #accountant

12.01.2022 >> Would you like to be kept up to date with the latest accounting news? Our monthly newsletter provides important information you need to know about and the occasional staff shenanigan. ... Sign up by entering your details and clicking subscribe. Follow the link below https://www.parallaxaccounting.com.au/contact.html

12.01.2022 >> One week in and Keith's face furniture has taken up residency. Stay tuned for weekly follicle updates! Don't forget to donate to this wonderful cause by clicking the link below ... https://movember.com/m/14358787?mc=1 #parallaxaccounting #toowoomba #movember #donate

12.01.2022 >> ? If you arent already, head over to our LinkedIn profile and follow our page for the latest news and accounting tips and tricks. Simply click the link below ... https://www.linkedin.com/company/parallax-accounting-pty-ltd See more

11.01.2022 >> The ATO has issued guidance to help employers reporting eligible employees and JobKeeper top-up payments through Single Touch Payroll This guidance covers how: ... ; - $, ; ; ( ) . For more information, please visit our website via the link below https://www.parallaxaccounting.com.au//248-guidance-on-job #parallaxaccounting #accountanttoowoomba #accountantstoowoomba #toowoombaaccountant #toowoombaaccountants #jobkeeper #reporting #guidance

11.01.2022 >> & Have you received a government stimulus payment this financial year? Different payment types are reported differently: if youre an employee these will be included on your income statement as salary and wages or an allowance.... need to be included in your tax return and will also be included on your Centrelink payment summary. you dont need to pay tax on COVID-19 early release of super amounts, so you dont need to include this in your tax return. #parallaxaccounting #accountanttoowoomba #accountantstoowoomba #accountanttoowoomba #accountantstoowoomba #jobkeeper #jobseeker #earlysuper

11.01.2022 >> - Many lenders have recently allowed borrowers with investment property loans to defer repayments for a period of time. While repayments are being deferred, interest (and fees) will usually be added to the loan balance (i.e., the deferred interest will be 'capitalised').... For further information, please follow the link below: https://www.parallaxaccounting.com.au//271-deferrals-of-in #parallaxaccounting #toowoomba #loan #interest #COVID19

11.01.2022 >> The Government announced various tax measures in the 2020 Budget on 6 October 2020, and it was able to secure passage of legislation containing some of the important measures very shortly afterwards, as summarised below. ~ Tax Relief for Individuals... ~ Tax Relief for Business For the full article, please follow the link below: https://www.parallaxaccounting.com.au//269-tax-cuts-pass-p #parallaxaccounting #toowoomba #accountants

10.01.2022 >> ? Now is the time to call and book your tax appointment! By seeing an accountant for your taxation affairs, you will: ... ; Not to mention, our fee is deductible. In other words it pays for itself! To make an appointment phone us on 4613 5400. We look forward to hearing from you! #parallaxaccounting #toowoomba #accountants

09.01.2022 >> Shaun Otto CPA (Director) Shaun has been advising clients about their taxation affairs for over 19 years and has developed a particular passion for self-managed superannuation funds and business advisory. These two areas allow Shaun to manage the growth in a clients business as well as their savings for retirement. ... In his time in the industry Shaun has obtained a Bachelor of Commerce degree majoring in accounting from the University of Southern Queensland, has become a registered member of the CPA Australia and has gained a Diploma of Financial Planning. When Shaun is not at the office, he enjoys family BBQs and camping. #parallaxaccounting #toowoomba #accountants #toowoombaaccountant #toowoombaaccountants #accountanttoowoomba #accountantstoowoomba

09.01.2022 >> JobKeeper Declaration Due 14 June Businesses that have enrolled in the JobKeeper Scheme and identified their eligible employees are reminded that they will need to make a monthly declaration to the ATO to ensure they continue to receive JobKeeper payments. The monthly declaration must be made by the 14th day of each month to claim JobKeeper payments for the previous month.... If you are unable to lodge yourself, we can assist clients by lodging the monthly declaration on their behalf. #parallaxaccounting #jobkeeper #duedate #toowoombabusinesses #toowoombaaccountants #toowoombaaccountant #accountantstoowoomba #accountanttoowoomba #accountant

08.01.2022 >> More Worlds Greatest Shave Photos A massive thank you to Hardy from Focal Point Photos for volunteering his time and capturing these awesome shots of Keiths shave. There are some beauty hairstyles Keith is rocking. ... What do you think of Keiths shave? Is he rocking the bald look? #worldsgreatestshave #shaveforacure #findacure #toowoombaaccountants #parallaxaccounting

07.01.2022 >> Sandra Campbell CPA (Accountant) Sandra joined the Parallax team in 2016. In her role as one of Parallaxs accountants Sandra focuses on preparing client BASs and tax compliance work. She is also our accounting software specialist managing both Xero and Sage Accounting for the firm.... In 2010 Sandra graduated from the University of Southern Queensland with a Bachelor of Commerce majoring in Accounting. She then completed her CPA Australia qualification in 2013. Outside of office hours, you are likely to find Sandra pottering around her garden or lounging by her pool. #parallaxaccounting #toowoomba #accountants

06.01.2022 >> The ATO has recently announced an extension of this shortcut method to also include . In summary, a taxpayer can claim a deduction of 80 cents for each hour they work from home due to COVID-19 as long as the individual is:... ; . For more information, please visit the link below https://www.parallaxaccounting.com.au//257-80-cents-per-ho #parallaxaccounting #toowoomba #accountants

06.01.2022 >> Our Office is OPEN FOR BUSINESS! As of this morning our office has reopened. We will continue to operate our normal operating hours of Monday- Friday from 8:30am to 5:00pm. Please, if you are at all unwell DO NOT visit our office. ... We have put in place a range of measures to keep our clients and staff safe, including providing hand sanitiser to be used on arrival to and on departure from the office. <----> If you visit, please practice social distancing of 1.5 metres. To meet with one of our accountants, please call to schedule an appointment (07) 4613 5400. We cannot wait to see you back here!

05.01.2022 >> The ATO has provided employers with a recent reminder that, from 1 January 2020, there has been a legislative change to ensure that when an employee sacrifices pre-tax salary in return for an additional concessional contribution into superannuation, it will not result in a reduction in the 9.5% Superannuation Guarantee obligation their employer has even though doing so reduced their Ordinary Time Earnings. For more information vis...it our website via the link below https://www.parallaxaccounting.com.au//243-ato-reminder-ab #parallaxaccounting #toowoombaaccountant #toowoombaaccountants #accountanttoowoomba #accountantstoowoomba #superannuation #super #employers #business #accounting #tax

05.01.2022 >> Sam Staatz (Reception) Sam joined the Parallax Team as our second receptionist in 2019. She works alongside Bec in the role of assisting clients with queries and providing administrative support to our accountants. Sam also manages Parallaxs marketing and social media matters.... Sam graduated from the University of Queensland in 2018 with a Bachelor of Commerce and plans to work her way to becoming a trainee accountant. She hopes to learn the tricks of the trade from her esteemed colleagues. When she is not at the office, Sam is an avid softball player and enjoys partaking in karaoke. #parallaxaccounting #toowoomba #accountants

04.01.2022 >> - On the 9th June 2020 the Federal Government announced the $150,000 instant asset write-off deadline has been extended to the . This is great news for businesses! They now have extra time to buy and install assets for business improvement. ... For eligibility, exclusions and limits, please visit the ATO website via the link below. https://www.ato.gov.au//Simpler-d/Instant-asset-write-off/ #parallaxaccounting #toowoomba #toowoombaaccountant #toowoombaaccountants #accountanttoowoomba #accountantstoowoomba #instantassetwriteoff #smallbusiness

04.01.2022 >> The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. , the JobKeeper Payment rates will be:... $, for all eligible employees who, in the four weeks of pay periods before 1 March 2020, worked for 20 hours or more a week on average; and $ for other eligible employees and business participants. , the JobKeeper Payment rates will be: $, for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working for 20 hours or more a week on average; and $ for other eligible employees and business participants. For further information, please follow the link below https://www.parallaxaccounting.com.au//255-extension-of-th #parallaxaccounting #toowoomba #jobkeeper

04.01.2022 >> The ATO has issued a reminder to employers who report through Single Touch Payroll that they will need to finalise payroll information for the 2020 income year by making a declaration. The due date for making finalisation declarations is:... ; & . Employers that finalise through STP are not required to provide payment summaries to employees and lodge a payment summary annual report to the ATO. Instead, employees will be able to access their payroll information (for preparation of their 2020 tax return) through a registered tax agent or via ATO online services. #parallaxaccounting #toowoombaaccountant #toowoombaaccountants #accountanttoowoomba #accountantstoowoomba #2020taxreturn #employers #stp

04.01.2022 Last Friday the Parallax team celebrated the EOFY at Fitzys Toowoomba. It was a great way to recognise and celebrate the achievements of our awesome employees throughout the past 12 months. Heres to another year of shining a different perspective for our clients! #parallaxaccounting #toowoomba #accountants #EOFY

03.01.2022 >> - The ATO has announced some limited relief for private companies that have loans to their shareholders or related parties that are governed by what are referred to as complying loan agreements. As a result of the COVID-19 situation, the ATO understands that some borrowers are facing circumstances beyond their control. To offer more support, the ATO will allow an extension of the repayment period for those borrowers who are unable to ...make their MYR by the end of the lenders 201920 income year (generally 30 June). For more information, please follow the link below https://www.parallaxaccounting.com.au//253-covid-19-and-di #parallaxaccounting #toowoomba #accountants

03.01.2022 >> , , Great news if you missed out on the first $10,000 Small Business COVID-19 Adaption Grant. . The Queensland Government has announced another $100 million for small business recovery grants. ... It is now time to prepare your application. The grant funding is sure to go quickly once opened. : a statement describing how the funding will contribute to your small business during the COVID-19 crisis in terms of employment retention or outcomes, business capability and resilience, continuity (including the ability to continue to meet operating expenses), diversification, and/or digital capability of the business; evidence to demonstrate that business revenue has experienced a minimum 30 per cent decline since 23 March 2020 over a minimum one-month period due to the onset and management of COVID-19; invoice and/or receipt of purchase if related to the purchase of specialised digital equipment or business specific software on or after 23 March 2020; invoices and/or receipts as evidence of operating expenses; quotes for services related to the project; declaration of employee head count; evidence of annual turnover; and evidence of annual payroll. #parallaxaccounting #toowoombaaccountant #toowoombaaccountants #accountantstoowoomba #accountanttoowoomba #queenslandgovernment #smallbusiness #adaptiongrant

03.01.2022 >> ! It has been 6 years since Parallax Accounting first began shining a different perspective on our valued clients accounting needs. Thank you to our loyal clients for allowing us to do what we love everyday! May today mark the beginning of another wonderful year providing you all with personalised, proactive advice to ensure your personal and business success. ... As a birthday present, we would love you to recommend us to a friend so we can shine a new perspective on their accounting needs. #parallaxaccounting #birthday #accountanttoowoomba #accountantstoowoomba #toowoombaaccountant #toowoombaaccountants #accountants

02.01.2022 >> The federal government has registered the Superannuation Guarantee (Administration) Amendment (Jobkeeper) Payment Regulations 2020. These regulations ensure that amounts of salary or wages that do not relate to the performance of work and are only paid to an employee to satisfy the wage condition for getting the JobKeeper payment are prescribed by the Regulations as excluded... salary or wages. For further information, please follow the link below https://www.parallaxaccounting.com.au//252-regulations-con If you have not booked in you tax appointment, call us today on (07) 4613 5400. #parallaxaccounting #toowoomba #accountants #toowoombaaccountants #toowoombaaccountant #accountantstoowoomba #accountanttoowoomba #jobkeeper #regulations

01.01.2022 Giddy Up This year the Parallax Accounting team celebrated the Melbourne Cup in style at Fitzy's Toowoomba. The team dressed in their best, cocktails were flowing and some even walked away with sweep winnings. A massive thank you to the event organisers for putting on a wonderful COVID-safe event for everyone to enjoy. ... #parallaxaccounting #toowoomba #melbournecup2020