Peekay Accounting & Business Solutions in Calamvale, Queensland, Australia | Tax preparation service

Peekay Accounting & Business Solutions

Locality: Calamvale, Queensland, Australia

Phone: +61 430 119 158

Address: 1953 Logan Road Upper Mount Gravatt 4116 Calamvale, QLD, Australia

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

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25.01.2022 SME owners impacted by coronavirus urged to contact creditors ---------------------------------------------------------------------- SME owners concerned about the coronavirus outbreak impacting their cash flow are being urged to talk to their creditors as soon as possible....Continue reading

25.01.2022 Season’s Greetings! Bring on 2021! To all our wonderful clients: this has been a year like no other, so we can only hope that you’re treated to a relaxing time with family and friends this festive season.... We want to say a huge thank you for your support over these past twelve months. It’s fair to say it’s been an incredibly challenging year for households and businesses alike. That said, it’s been an absolute pleasure and an honour working with you towards your lifestyle and business goals. May you feast alongside those you love this Christmas, and enjoy some time off over the New Year period. We look forward to working with you towards a prosperous 2021! (and leaving 2020 behind us all!). Merry Christmas and Happy New Year! For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158, email [email protected] or visit www.peekay.com.au today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane

23.01.2022 Business demand for equipment has hit record numbers Businesses across the country are purchasing new equipment and vehicles in record numbers, as companies big and small embrace the strongest market conditions seen in years, according to NAB data. READ MORE:... https://peekay.com.au/professional-accountant-brisbane-sou/ For professional financial advice and accounting services, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158 or email [email protected]. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane

22.01.2022 SMEs get instant asset write-off extension, but EOFY deadline looms =============================================== Great news for small business owners: the federal government has extended the $150,000 instant asset write-off to 31 December 2020, but you’ll need to act asap if you want to make use of the scheme this financial year.... A few months back, just as coronavirus was ramping up in Australia, the federal government increased the instant asset write-off threshold from $30,000 to a staggering $150,000 as part of its economic stimulus package. Under the expanded scheme, businesses with an annual turnover of less than $500 million can immediately write off the cost of new or second-hand assets such as food vans, tools, equipment and thanks to the recent threshold increase heavier vehicles such as trucks, tractors, and machinery. Better yet, the threshold applies on a per asset basis, so eligible businesses can immediately write off multiple assets. Why the extension? -------------------------- Under the scheme, an asset must be installed and ready to use by the deadline (previously June 30) in order to be eligible. So, by giving a six-month extension (to December 31) the government is giving under-the-pump businesses around the country additional time to acquire and install assets which essentially means a little more breathing room. There’s still time this financial year --------------------------------------------- All that said, there’s still time to make the most of the scheme this financial year. By doing so, you can immediately claim all the tax deductions you would have claimed over the life of the asset. This can help with your business’s cash flow, as getting the cash back sooner means you can re-inject it straight back into other parts of your business. So if you’d like help obtaining finance before the June 30 EOFY deadline, please get in touch. We can present you with financing options for the instant asset write-off scheme that are well suited to your business’s needs now, and into the future. For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158 or visit www.peekay.com.au today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane #instanttaxwriteoff #taxwriteoff #eofy

22.01.2022 New year, new you: 3 quick and easy finance resolutions Whenever we think of New Year’s resolutions, the first thing that comes to mind is a health kick. But here are three (easy) New Year’s resolutions that’ll help improve your financial wellbeing in 2021. https://peekay.com.au/financial-advice-brisbane-mortgage-b/... For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158, email [email protected] or visit www.peekay.com.au today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane

22.01.2022 How the instant asset write-off applies to vehicles ====================================== Got your eye on a shiny new vehicle for your business thanks to the $150,000 instant asset write-off? We’ve got the answers to the FAQs many business owners are asking ahead of the looming EOFY deadline....Continue reading

19.01.2022 Loan repayments deferred six months for small businesses affected by COVID-19 --------------------------------------------- If your small business is being affected by the coronavirus your loan repayments will be deferred for six months, says the Australian Banking Association (ABA)....Continue reading

18.01.2022 8 ideas to improve your business’s cash flow over the festive season The festive season is fast approaching and this year, more than ever, it’s important for businesses to ensure they have their cash flow management in order. Here are our top 8 ideas to help you through the upcoming period. Read More:... https://peekay.com.au/improve-cash-flow-christmas/ For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158 or email [email protected] today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane #cashflow #christmas #christmas2020

16.01.2022 Avoid the wrecking ball this tax season! Nobody likes paying too much tax, that’s for sure. Peekay Accounting & Business Solutions can help legally minimise your tax with our advanced strategies. Contact us today for expert taxation advice!... 0430 119 158 [email protected] www.peekay.com.au #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane

15.01.2022 Goodbye stamp duty? ----------------------------- The dreaded and controversial stamp duty tax could soon be a thing of the past, with calls for it to be abolished gaining momentum....Continue reading

13.01.2022 Turbocharged instant asset write-off scheme unveiled ================================== There was one big-ticket initiative in the federal budget that really caught our eye, and that was the turbocharged version of the instant asset write-off scheme. Today we’ll look at how it could improve your business’s cash flow moving forward....Continue reading

12.01.2022 5 reasons it’s a good time to refinance --------------------------------------------------- Found yourself with extra time on your hands? Slightly worried about meeting your home loan repayments? Want to make use of those back-to-back rate cuts? While the world has changed significantly over the past month, it’s possible to use some changes to your advantage. Before we go any further though, we want to say we understand there’s no shortage of Aussie families doing it tough r...Continue reading

12.01.2022 Peekay Accounting & Business Solutions provide first-call taxation and business advice. Our dedicated CPAs are available to help legally minimise your tax bill. For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158, email [email protected] or visit www.peekay.com.au today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane

11.01.2022 Wait, the bank can do that!? ------------------------------------ Every now and then a bank does something that bucks the trend and takes customers by surprise. Today we’ll look at two cases that recently made national headlines and how you can reduce your chances of getting caught out....Continue reading

11.01.2022 6 things to do before renting out your home ------------------------------------------------- Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. ...Continue reading

09.01.2022 Is now a good time to lock in a fixed rate? ------------------------------------------------------- With interest rates at record low levels, today we’ll look at a question that many are asking: should I lock in a fixed rate home loan?...Continue reading

09.01.2022 The best of both worlds: mixed use property investment Mixed use properties offer a way to invest in both the residential and commercial property markets. While commercial loans often have higher interest rates than a home loan, the current low-rate environment and high rates of return could mean now’s your time to consider the pros and cons of mixed use property investment. ...Continue reading

08.01.2022 COVID-19 (novel coronavirus) early release of superannuation Applications for early release of superannuation (super) will be accepted through myGov from 20 April. You can register your interest now by logging in to your myGov account and following the Intention to access coronavirus support instructions. If you don’t already have a myGov account, you can set one up by selecting 'create an account'....Continue reading

08.01.2022 Could your business use a $5,000 cashflow boost? The Queensland government is offering the $5K Business Basics Grant state-wide with applications opening on Monday 31 May 2021. The grants program provides support to businesses to increase core skills and adopt best practice. With no co-funding requirement, this represents a great opportunity for your business to receive an instant up-front $5,000 cash boost. ... Funding Priorities: This grant will fund activities in 5 key priority area, including: 1. Training and coaching - Business development, marketing, human resources or business planning topics - Training or coaching 2. Website build or upgrades - Website build or upgrade (including website refresh) - Adding e-commerce - Developing new website content 3. Professional business advice - Business Plans 4. Strategic marketing services - Strategic marketing plans including search engine optimisation advice 5. Business continuity and succession - Business continuity or succession plans - Cybersafety training and tools As mentioned, your business may be eligible for a single up-front fixed grant payment of $5,000 (excluding GST). Non-Funded Activities: However, the grant will not fund activities with either: a total cost of less than $5,000 (excluding GST) payments made before 17 May 2021. Eligibility: To be eligible for this grant, your business must: have fewer than 20 employees at the time of applying for the grant have an active Australian Business Number (ABN) and be registered for GST have a Queensland headquarters have a turnover of $300,000 or less for the current financial year not be insolvent or have owners/directors that are an undischarged bankrupt. How to Apply: Applications must be submitted through the SmartyGrants Portal and include the following documents: a certified statutory declaration from the business's owner or director stating the business does not have a turnover exceeding $300,000 per annum meets all grant eligibility criteria a proposal detailing the activities you will purchase supplier quotes (no more than 2) detailing who will undertake the project work, description of services, and outline key activities For more information, please get in touch with our office or visit: https://www.business.qld.gov.au//gra/business-basics-grant

07.01.2022 perty loan, just remember that many lenders will only consider refinancing your loan if it’s been paid down to around 60-70% of the value of the property. So, with such dramatic cuts to business finance rates and the tax payable, now could be the time to consider refinancing your existing commercial or asset finance. After all, there may be loans on offer now with much lower rates than you’re currently paying, and refinancing could be a way to consolidate any business or ass...Continue reading

06.01.2022 The coronavirus economic stimulus plan for SMEs explained -------------------------------------------------------------------------------- Small businesses all around the world are facing uncertain times. However, rather than shutting up shop until COVID-19 passes, the federal government is hoping to stimulate SME spending through a raft of initiatives and tax incentives. Indeed, the government estimates its two new business investment initiatives have the capacity to support...Continue reading

06.01.2022 RBA cuts cash rate to record low amid coronavirus concerns -------------------------------------------------------------------------------- The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.50% as the coronavirus outbreak impacts global financial markets....Continue reading

05.01.2022 Why you should care about the new ‘Open Banking’ era =========================================== ‘Open Banking’ is now officially upon us. But what does that mean and why should you care? Well, in a nutshell, it’ll be easier and quicker for you to get a better deal on banking products going forward....Continue reading

04.01.2022 #CashFlowBoostCalculator #StimulusCalculator I have created a page to calculate Cash Flow Boost for employers. Please feel free to use it. Share it with your friends too. http://peekay.com.au/paygw-calculator/

03.01.2022 Smaller lenders taking applications for home loan deposit scheme Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance (LMI). The scheme, which is overseen by the National Housing Finance and Investment Corporation (NHFIC), kicked-off on 1 January but only 5,000 spots were initially available through two majo...Continue reading

02.01.2022 SMEs to get full asset write-off extension and fairer go with ATO ------------------- Small businesses in dispute with the ATO over their tax debt will get a fairer go under new rules proposed in the federal budget. Meanwhile, one-year extensions have been granted for the full asset write-off and loss carry-back schemes. Let’s break it all down....Continue reading

01.01.2022 How to smooth out your business’s insurance and workers comp premiums ---- Getting a bill in the mail is never pleasant, but your annual insurance and workers compensation premiums can be particularly tough lump sums to swallow. There is, however, an affordable financing option that can limit the impact on your business’s cash flow. Let’s take a look.... Most businesses have expensive annual insurance premiums to pay, whether they be for professional indemnity insurance, product liability insurance, public liability insurance, or any other general business insurance policy. Throw your workers compensation premiums into the mix and these obligations can become quite the annual financial hurdle to overcome. Fortunately, a financing option exists that can smooth out your cash flow headache and help you become eligible for an early bird discount on your workers compensation premium. Insurance Premium Funding (IPF) --------------------------------------------- IPF allows you to split your insurance payments into manageable, affordable, monthly amounts that won’t cripple your cash-flow like an annual lump sum payment can. Basically, any business that has an insurance premium of more than $5,000 has the ability to use IPF if they need to. The insurance premiums are normally financed over 8 to 10 months to ensure the premium is fully paid before its renewal, and there is generally no security required with IPF. Workers comp early bird payment discount due soon One insurance premium that IPF is commonly used for is workers compensation. That’s because in some states (including NSW, Victoria and Queensland), employers who pay their annual premium in full are entitled to a 3% to 5% early bird discount. But here’s the catch: workers comp premiums need to be paid in full before the early bird due date (typically around August/September) in order to receive the discount. By using IPF to make this payment upfront you can secure the early bird discount, which helps to offset the cost of IPF. Taking this option will also improve your business’s cash flow, allowing you to redirect capital into income-generating investments. Find out more ------------------- If you’d like to find out more about IPF then get in touch today especially if you want to be eligible for the workers compensation early bird discount. We’re here to help your business any way we can. For professional financial advice, please contact the friendly team at Peekay Accounting and Business Solutions on 0430 119 158 or visit www.peekay.com.au today. #peekay #peekayaccounting #peekayaccountingandbusinesssolutions #accountant #accountants #smallbusiness #sme #business #credit #businessfinance #smallbusinessloan #smsf #tax #taxagent #accountingadvice #taxadvice #businessconulting #businessconsultant #brisbane