QBS Partners in Box Hill, Victoria | Financial service

QBS Partners

Locality: Box Hill, Victoria

Phone: +61 3 9999 1900

Address: 724A Station Street 3128 Box Hill, VIC, Australia

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• Accountant
• Financial service

25.01.2022 New tax table is available that reflected Budget 2020-2021 income tax cut. If you are using cloud based accounting software, you are more likely on good hands. But if you are not, make sure you are withholding the correct/updated amounts.

13.01.2022 Hope everyone is well. As you can imagine that we have got many inquires re Government support during COVID19. The current Victorian government's support fund is available to eligible businesses in Victoria as long as you meet ALL of below criteria and will be open for another 30 days. - operate a business located within Victoria; and... - be a participant in the Commonwealth Government’s JobKeeper Payment scheme; and - employ people; and - be registered with WorkSafe on 30 June 2020; and - have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis; and - be registered for Goods and Services Tax (GST) as at 30 June 2020; and - hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020; and - be registered with the responsible Federal or State regulator The last dot point is about having business name or company name registered with ASIC for businesses and registration with ACNC for not for profit organisation. Hope this helps.

11.01.2022 If you are NOT entitled to Medicare, you should not pay Medicare levy. - Are you a resident for tax purpose? - Are you on temporary visas such as students, 457 or, TSS?... You should get a Medicare entitlement certificate and it will give you saving of 2% of your taxable income in most cases. Already lodged tax return? No problems. You can amend your tax return within 2 years from the date of initial notice of assessment.

04.01.2022 JobKeeper Payment changes!! The government has introduced changes to the JobKeeper Payment, making it easier for you and your business clients to qualify. The new rules have now been registered and are effective from 3 August 2020. The changes to these rules include:... - employees’ eligibility for the JobKeeper Payment can now be assessed from 1 July 2020, rather than 1 March 2020 - employees can now be nominated by new employers if their - employment has changed since the JobKeeper Payment began. However, they can still only be nominated by one employer at any given time - employers have until 31 August 2020 to meet the wage condition for new eligible employees under the 1 July eligibility test for: * Fortnight 10 commencing on 3 August, and * Fortnight 11 commencing 17 August 2020. Businesses can claim reimbursement for their new eligible employees between 1 and 14 September 2020, when they lodge their August monthly declaration. Your eligible business and not-for-profit clients can still enrol at any time until the program closes. Further announcements and guidance on the extension to JobKeeper are subject to the passage of legislation by the Australian Government. Visit ato.gov.au/jobkeeper for the latest information.

01.01.2022 JobKeeper Payment Monthly Declaration for June & July 2020 is open and due in 14 days!!