Pine Rivers Consulting in Strathpine, Queensland | Tax preparation service

Pine Rivers Consulting

Locality: Strathpine, Queensland

Phone: +61 7 3205 2881

Address: 14 Mecklem Street 4500 Strathpine, QLD, Australia

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• Business service
• Tax preparation service
• Accountant
• Business consultant

24.01.2022 Easy to read Framework for keeping your business Covid Safe. A must read!

24.01.2022 Jobkeeper catch up payment for the fortnights ended 12 April and 26 April deadline has been extended by the ATO from 30 April to 8 May. https://www.ato.gov.au//JobKeeper-guide---employers-not-r/

23.01.2022 The ATO has released additional information about the Jobkeeper Payments in a "Frequently Asked Questions" format. For more information please click the link below:

23.01.2022 Jobkeeper 2.0 is coming!

22.01.2022 Hi everyone! As we slowly go back to what we would hope as the old "normal", please be reminded that the end of year is 7 weeks away and here are some tax tips! - it is good to have a plan on how tackle taxes and control how we finish the year before 30 June otherwise it will be too late - jobkeeper payments and jobseeker payments are taxable income... - if you work from home, you are eligible to claim 80 cents per hour in your tax return

22.01.2022 The Queensland COVID-19 Jobs Support Loan to assist businesses impacted by the pandemic is now open for application.

21.01.2022 If you are in the Moreton Bay Area and impacted by Covid-19 here is a link neatly summarising assistance available to you categorised under Business, Employers and Sole Traders

21.01.2022 Hello Everone! The ATO has updated the Jobkeeper Payment info (last update was today 20 April 2020) and the enrolment is now open! I suggest you re-read the revised information as it provides more clarity than prior versions. For more info, please click the link below. As usual if you would like us to assist you, please contact us.... https://www.ato.gov.au/General/JobKeeper-Payment/

20.01.2022 The Auskey will be retired today, 27 March 2020 so please ensure you have MyGovID to ensure you have continued access to the tax portal. For more details on MyGovID and updates from the ATO for small businesses, please click the link.

19.01.2022 Prepaying expenses is one of the smartest way to reduce taxes. Superannuation is one of the expenses business can prepay but payments will need to be received by the superannuation fund by 30 June 2020. If you are using the Small Business Superannuation Clearing House (SBSCH), the ATO has advised that:... "For 201920, super payments need to be accepted by the SBSCH by 23 June 2020 to allow time for the employees super funds to receive the payments by 30 June."

18.01.2022 Do you need some tips in navigating these challenging times? Help is here! We are collaborating with Peter Jeffers of The Local Business Network - Chermside/Stafford to help you build a plan and its free! Please click below to register.

18.01.2022 Covid-19 assessment centre is now open at Pine Rivers Community Health Centre, open weekdays from 8am to 4pm.

17.01.2022 The ATO has released updates on Jobkeeper payments! Employers need to opt into the program and enrolment starts 20 April! https://www.ato.gov.au/General/JobKeeper-Payment/

17.01.2022 Finally! Help coming from the banks to assist small businesses!

16.01.2022 The Queensland Government is rolling out a program to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. It is a $10,000 grant to approximately 10,000 small business. Spaces are limited so get in quick! https://www.business.qld.gov.au//advice-su/grants/adaption

16.01.2022 If you want to keep updated in relation to Jobkeeper payment please click and register below

15.01.2022 For those who wanted to attend last week but could not, it is on again this week! Thursday at 9am

14.01.2022 Covid-19 has been creating chaos everywhere as there are too many unknowns about this virus. For now, if isolating yourself is not an option, the best form of protection you can use is social distancing and washing your hands thoroughly. Here are some handy info from the Department of Health about social distancing: What is social distancing and why is it important? Social distancing includes ways to stop or slow the spread of infectious diseases. It means less contact bet...ween you and other people. Social distancing is important because COVID-19 is most likely to spread from person-to-person through: direct close contact with a person while they are infectious or in the 24 hours before their symptoms appeared close contact with a person with a confirmed infection who coughs or sneezes, or touching objects or surfaces (such as door handles or tables) contaminated from a cough or sneeze from a person with a confirmed infection, and then touching your mouth or face. So, the more space between you and others, the harder it is for the virus to spread. Hoping everyone stays safe!

14.01.2022 SUMMARY OF JOBKEEPER PAYMENTS It is worth up to $1500 a fortnight, per employee Sole traders are eligible... To be eligible, the turnover of a business will need to have fallen by 30% or more, or in the case of a business with an annual turnover of more than $1 billion, by 50% or more. This is to be measured over a MINIMUM one-month period to comparable period a year ago If an employee earns less than the $1,500, the government will effectively be subsidising their entire wage If an employee earns over that, the employer will have to top it up to a maximum of $1,5000 Employee has to have been employed on March 1 to be eligible (even if stood down since that time) The government will backdate payments to today (30th March 2020) payments to be released from early May New Zealanders on the 444 visa will be included. All other temporary visa holders will not (as of now) It does not include superannuation It will be delivered through existing systems at the ATO you can apply here - https://www.ato.gov.au/general/gen/JobKeeper-payment/

13.01.2022 The Queensland government is offering Covid -19 Business Support to those impacted by the current pandemic with low interest loan up to $250,000. They are calling in expression of interest so act fast. For further info, please click the link.

13.01.2022 To all our valued clients, we have unfortunately experienced a total NBN outage since 11.40am this morning. If you are currently trying to contact our office, please send us a direct message and we will contact you as soon as we possibly can.

13.01.2022 The Australian government is making unprecedented measures to help stimulate the economy and cushion the impact of Covid-19. The goverment has pledged the following support for businesses ( a separate support for individuals and households will follow shortly): Support for businesses Boosting Cash Flow for Employers... -The Government is enhancing the measure it announced on 12 March 2020. The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. Asset write-off - Instant asset write-off lifted from $30,000 to $150,000 (up to June 2020) - Faster depreciation businesses with turnover less than $500m can claim a 50% first year deduction from 12 March 2020 until 30 June 2021 for new assets purchased. Temporary relief for financially distressed businesses - The Government is temporarily increasing the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive. The package also includes temporary relief for directors from any personal liability for trading while insolvent, and providing temporary flexibility in the Corporations Act 2001 to provide temporary and targeted relief from provisions of the Act to deal with unforeseen events that arise as a result of the Coronavirus health crisis. Supporting apprentices and trainees - The Government is supporting small business to retain their apprentices and trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentices or trainees wage for 9 months from 1 January 2020 to 30 September 2020. Support for immediate cash flow needs for SMEs - Under the Coronavirus SME Guarantee Scheme, the Government will provide a guarantee of 50 per cent to SME lenders to support new short-term unsecured loans to SMEs. Quick and efficient access to credit for small business - The Government is cutting red tape by providing a temporary exemption from responsible lending obligations for lenders providing credit to existing small business customers. This reform will help small businesses get access to credit quickly and efficiently.

12.01.2022 More help this time directly targetting employees was announced by the Prime Minister Scott Morrison- Job keeper allowance where business will be paid $1,500 a fortnight for each employee.

11.01.2022 We hope everyone is staying safe out there and adjusting to our new "normal" in at least the foreseeable future. The Prime Minister will be making additional announcements in the next couple of days and we will keep you updated once it is released.

11.01.2022 Jobkeeper has been extended for another six months but there will be less benefits and tighter test! For more details please read on. https://www.abc.net.au//jobkeeper-jobseeker-coron/12477186

11.01.2022 If you need additional training to help you cope with the effects of Covid-19 and enable your business for future growth, please check this link https://www.business.qld.gov.au//small-bu/online-training

10.01.2022 The $150,000 instant asset write-off has been one of the most generous tax break ever given. In order to claim this deduction, the assets needs to be installed and ready for use by 30 June 2020. After 30 June 2020, the instant asset write-off goes down to $1,000 so if you have capacity to invest (or can finance an acquisition) take advantage of the tax break!

09.01.2022 Good morning all! Just a quick note to let you know that we are still open and ready to receive your BAS or tax documents!

09.01.2022 If you are a small business expecting to receive the stimulus package from the Government, please note that the first round of payment (and you have to lodge your March 2020 BAS to receive it) is scheduled for 28 April. Please consider this timing when projecting your cash flow.

08.01.2022 Here are the support for Individuals and Households: Payments to support individuals - Over the next six months, the Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This will be paid to both existing and new recipients of JobSeeker Payment, Youth Allowance Jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit.... Payments to support households - The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. The first payment will be made from 31 March 2020 and the second payment will be made from 13 July 2020. Temporary early release of superannuation - The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. Individuals will not need to pay tax on amounts released and the money they withdraw will not affect Centrelink or Veterans Affairs payments. Reducing social security deeming rates - On 12 March, the Government announced a 0.5 percentage point reduction in both the upper and lower social security deeming rates. The Government will now reduce these rates by another 0.25 percentage points.

07.01.2022 The instant asset write-off threshold of $150,000 for businesses with an aggregated turnover of less than $500 million, will now be extended to 31 December 2020!

04.01.2022 Happy new financial year everyone!!!!! The Small Business Covid-19 Adoption Grant Program Stage 2 is on again and it opens today! If you are eligible, I highly recommend that you apply as soon as possible as the Stage 1 went within days of opening. For more details please click below:... https://www.business.qld.gov.au//advice-su/grants/adaption

03.01.2022 How is everyone coping! Restrictions are easing up this weekend! Yay For our clients who have Audit Insurance cover, we have just been informed that Jobkeeper audits and reviews are covered by Audit Shield.

03.01.2022 Hot news!!!!!!! Great tax breaks for small business!!!!!! Immediate asset write-off has been raised from $30,000 to $150,000 but theres more!!!!

03.01.2022 The Queensland Government has released a Covid-19 Rental Grant for renters who is heavily impacted. To check if you are eligible, please click the link below.

01.01.2022 WORK RELATED TAX DEDUCTIONS To claim a work-related deduction: - you must have spent the money yourself and werent reimbursed... - it must directly relate to earning your income - you must have a record to prove it. The ATO also published that if you were working from home due to Covid-19 You can claim a deduction of 80 cents for each hour you work from home due to COVID-19 as long as you are: - working from home to fulfil your employment duties and not just carrying out minimal tasks such as occasionally checking emails or taking calls - incurring additional deductible running expenses as a result of working from home.