Payne's Accounting & Taxation in Hughenden, Queensland | Financial service

Payne's Accounting & Taxation

Locality: Hughenden, Queensland

Phone: +61 400 755 905

Address: 9 Gray Street 4821 Hughenden, QLD, Australia

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25.01.2022 The temporary JobKeeper Payment rates change from 4 January. Make sure you’re paying your employees the right amount.

23.01.2022 Opening Soon!! Contact us for an appointment.

23.01.2022 Time is running out If you’ve been financially affected by COVID-19, be aware that applications for early release of super close on 31 December 2020. If you... haven’t already applied (but had planned to!) now’s the time to get online and check you’re eligible. As long as your application is received before the closing date, your super fund can process your request and make the payment. Find out more at www.ato.gov.au//Withdrawi/COVID-19-early-release-of-super/ See more

20.01.2022 Thankful to the wonderful tradies who have worked hard to get our shop ready to open!!! Guy Russell Painting, Luke Young and SLR Electrical. And of course Alan Payne. Official opening in a weeks time, however I will be working from the shop this week. Come in and say hi!!

19.01.2022 JobKeeper Information for Self-employed. If you require further information or assistance, please contact me today.

18.01.2022 The government has taken steps to realise another budget promise by introducing legislation into Parliament to ensure COVID-related small-business grants are treated as non-assessable, non-exempt income for tax purposes. http://ow.ly/7nYF50CjfJh

17.01.2022 Info on JobKeeper now out and I have an email that is easy to understand and interpret the legislation so if you would like a copy emailed to you please contact me today.

16.01.2022 We Are Open!!! Please feel free to come in and say hello. EFTPOS facilities are also available.

12.01.2022 EXPERT BOOKKEEPING SERVICES FOR SMALL BUSINESS Do you struggle with reconciling your bank account or keeping on top of your Accounts payable and receivable? Is payroll giving you a headache? We can help take the stress and headaches away. Give us a call for a quote to assist with your bookkeeping needs today.

11.01.2022 If you need help with your monthly reporting, give me a call.

09.01.2022 Welcome to Paynes Accounting & Taxation! Dont forget to like or follow us so you can get updates on new tax developments and due dates. Thanks for visiting Paynes Accounting & Taxation and we hope to see you soon!

04.01.2022 A new round of Small Business COVID-19 Adaption Grants is on its way! Applications will open on Wednesday 1 July 2020 and were encouraging small business opera...tors to start preparing their grant submissions now. Grants of up to $10,000 are available and you can get ahead of the game by visiting www.business.qld.gov.au/adaption-grant to check your eligibility and read the guidelines.

03.01.2022 Home Office Running Costs The Australian Taxation Office (ATO) has announced a temporary simplified short cut method to make is easier for individual taxpayers to claim deductions for additional running expenses incurred, as a result of working from home due to the Coronavirus pandemic. Based on the announcement, the ATO will allow individuals to claim a deduction for all running expenses incurred during the period 1 March 2020 to 30 June 2020, based on a rate of 80 cents for...Continue reading

01.01.2022 COVID-19 Business Funding Please see an update below in regards to the Business Funding available to businesses. The Queensland Government Jobs Support Loans scheme is being provided to assist Queensland businesses and non-profit organisations financially impacted by COVID-19 retain employees and maintain their operations.... Concessional loans are available up to 50 per cent of an eligible entitys wage expense, to a maximum of $250,000. The annual wage expense is the average of an entitys wage expense including superannuation over the 2017/18 and 2018/19 financial years and may include the salaries, or drawings of business owners, if they work in the business. How loans may be used Concessional loans may be used to meet an entitys working capital expenses. Examples of eligible expenses include: a. Paying employee wages; b. Paying creditors and existing business loan and equipment finance payments; c. Paying rent and rates; d. Buying goods, including fuel, for the purposes of carrying on the business. Ineligible expenses include: a. Refinancing existing business loans or equipment finance; b. Purchasing new equipment or other assets. Eligibility To be eligible for a concessional loan applicants must: a. Be an eligible business which holds an ABN and is registered for GST, or an incorporated non-profit organisation; b. Have one or more equivalent full-time employees in Queensland; c. Have operated the business or non-profit organisation since 1 July 2017; d. Have suffered loss of income as a result of COVID-19. Applicants must also: a. Be considered viable under normal business conditions; b. Be able to service the loan under normal business conditions; c. Intend to continue operations after receiving the loan; d. Intend to use any surplus liquid reserves or normal credit sources up to normal credit limits, in conjunction with the loan to continue operations. Loan Security Loans up to $100,000 will require no loan security. Loans over $100,000 up to $250,000 are to be secured by a General Security Agreement. Loan Terms and Interest Rates The term of concessional loans is 10 years. The first year of the loan will be repayment free and no interest will be charged. Following the first year, payment will be interest-only for two years. After this, principal and interest repayments will apply for the remaining term. Loan payments when they commence will be on a monthly basis. An interest rate of 2.5% will apply to the loan from commencement of the second year and for the remainder of the term loan. Should you require further information please do not hesitate to contact myself.

01.01.2022 Are you Ready for myGovID and RAM????

01.01.2022 #BREAKING: The JobKeeper wage subsidy will fall by $300 a fortnight for full-time workers, after Parliament passed an extension to the multi-billion dollar prog...ram. The subsidy had been due to finish by the end of this month but it will now continue, at lower rates, until March next year. Under the changes, the $1,500 a fortnight payment will fall to $1,200 in late September and to $1,000 in early January, for full-time workers. Some businesses which have partially bounced back and are no longer eligible for JobKeeper will also be able to reduce workers hours.