Prescott Business Solutions in Perth, Western Australia | Accountant

Prescott Business Solutions

Locality: Perth, Western Australia

Phone: +61 8 6118 6111

Address: 14 Lyall Street 6151 Perth, WA, Australia

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

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• Accountant
• Financial service
• Business consultant

21.01.2022 Are you looking to increase your team? JobMaker might help get you there. Check out the article below to find out more! https://www.prescottsolutions.com.au//jobmaker-hiring-cre/

21.01.2022 Important Update - JobKeeper Employee Extension Treasury has released an updated allowing employees employed at 1 July 2020 (previously 1 March 2020) to be included in JobKeeper. The changes take effect from fortnight 10 (3 Aug to 16 Aug), and could mean $6,000 of payments for each new employee! This is great news for businesses that have had employee changes in recent months. ... Topup payments and STP will need to be completed by 16 August to be eligible, if you are unsure about your eligibility please call our office on 08 6118 6111 to discuss your options! Information for JobKeeper 2.0 is starting to come through, but no formal legislation has been issued yet http://www.prescottsolutions.com.au//jobkeeper-2-0-the-fu/ https://treasury.gov.au/coronavirus/jobkeeper/extension

20.01.2022 JOBKEEPER ENROLMENT EXTENSION The ATO have extended the payment date for the first two fortnights, giving you until 8th May** to top up employee wages to $1,500/fn. The enrolments for April have also been extended until 31st May. ... We are happy to see the ATO are recognising the complexity in working out the eligibility criteria for some businesses, not to mention the cashflow pressure of needing to make top up payments before knowing if they are actually eligible. By giving an extra week, the employers can make the top up payment with confidence, knowing they pass the turnover tests, and will get reimbursed by the ATO. **Note: The payment extension only applies to the first two JobKeeper fortnights (30 March 12 April, 13 April 26 April) all future wage payments need to be paid on time to continue receiving JobKeeper subsidy https://www.ato.gov.au/General/JobKeeper-Payment/Employers/

19.01.2022 It's official, welcome to the team Jess!

15.01.2022 Employers: The JobKeeper Payment is changing, so more employees can qualify. There are changes to: 1. the eligibility criteria 2. a payment extension to 31 Aug...ust, and 3. employers can nominate different employees if their employment has changed. For more details on the changes, see https://www.ato.gov.au//JobKeeper-Payment/Employers/Your-/

14.01.2022 The Federal Government will be announcing updates to JobKeeper this week. It is important to wait for the actual announcements (and more importantly, the legislation) to see how any changes may affect your business. Rest assured, the Prescott Team will be here to help guide you through JobKeeper 2.0

13.01.2022 The updated JobKeeper legislation has just been released! Employee nomination forms for newly eligible need to be completed within 7 days (22 August). We will share an update when the new form is available. Take care and have a great weekend everyone... https://www.legislation.gov.au/Details/F2020L01021

12.01.2022 Great news, the $150,000 instant asset write off has been extended to 31 December 2020!! Previously, this was going to revert back to $1,000 on 1 July. Contact our office to find out how it can help your business

12.01.2022 2020 has been a strange year for everyone and #ruokday2020 is a timely reminder to check in with your friends and family. Take care and stay safe everyone www.ruok.org.au

08.01.2022 What better way to celebrate Star Wars Day than adding your favourite Star Wars scene to your MS Teams meeting background Super simple to do, check out the link below to get yours updated https://practical365.com//microsoft-teams-rolls-out-backg/

08.01.2022 With payments starting to come through and most payments expected next week, here's a quick video on how to add the JobKeeper code into your Xero file. For other programs, choose a BAS/ GST Excluded tax code Have a great weekend everyone ... https://www.loom.com/share/5465c9e5519842a0ae80a51955a475e2

06.01.2022 JobKeeper Employee Payment Reminder With so much at stake, we want to ensure that everyone is aware of the upcoming deadlines. This is a friendly reminder to pay your eligible employees a minimum of $3,000 since the 30th March by tomorrow, 8th May, otherwise you will miss out on the reimbursement by the federal government for the first two JobKeeper fortnights. ... Further, payroll must be processed and paid for the first three fortnights, so a minimum payment of $4,500 since 30th March, to each eligible employee by this Sunday, 10th May, to ensure you are eligible to receive the JobKeeper payments for the first three JobKeeper fortnights. Payroll cycles Regardless of the frequency of regular pay cycles or out of cycle pay periods, or the pay period start and end dates, the $1,500 per fortnight applies to the paydays (payment date) within the defined fortnights and from which fixed fortnight the payment applies. The ATO has issued the following table which outlines each JobKeeper period and the date by which the employees must be paid. If you are unsure whether you have met this obligation, please contact us as soon as possible so that we can review the payments in time.

06.01.2022 Prescott is turning 1! To say it's been a year like no other is an understatement, and I'm super proud of how the team has adapted to all the changes. Thank you to everyone who has been part of the journey, especially to our newest team member, Jessica, I couldn't have done it without you.... Looking forward to many more years to come - Shannon

06.01.2022 In light of the recent lockdown announcement, Prescott will be moving back to online and phone appointments this week. Our systems are setup to work securely from anywhere, if you have any questions we will be here to help. Stay safe... https://www.wa.gov.au//perth-metro-peel-and-south-west-ent

02.01.2022 The JobKeeper 'Alternative Test' legislation has just been released, allowing more businesses who have been affected access JobKeeper. It is expected that the ATO website and information will be updated tomorrow, but they have included a link to the actual legislation. https://www.ato.gov.au//In-de/Applying-the-turnover-test/