Quarles Business & Financial Strategists in Perth, Western Australia | Accountant

Quarles Business & Financial Strategists

Locality: Perth, Western Australia

Phone: +61 8 9371 8844

Address: 907A Beaufort Street 6052 Perth, WA, Australia

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

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23.01.2022 Jack and Nikki’s self-managed superfund is one of the oldest on our database, having been opened in 1977 (The year Elvis died.) Through smart investments and careful management, it grew to be worth over $10 million in assets! https://buff.ly/2Qk9NTm... Come and speak with us today on how to get started on your SMSF and see similar amazing returns! https://buff.ly/2FUapqS

14.01.2022 JobKeeper Payment - What To Do & When Dear Quarles Client With the details of the horrendously complex JobKeeper Payment wage subsidy now starting to emerge, we have prepared a brief summary of the process for employers. In a nutshell, the things to do, in order, are:... 1. Determine your eligibility, as an employer, to participate in the scheme. When? Now. 2. Decide if you are eligible, whether it is desirable to participate. When? Now. 3. Identify all your potential eligible employees current, stood-down, terminated. When? Now. 4. Offer all current permanent & long-term casual employees and selected stood-down & terminated employees the option to participate in the scheme. When? Now. Need form back before 30 April. 5. Pay all participating eligible employees a minimum of $3,000 for the two JobKeeper fortnights ending in April. When? By 30 April. 6. Enrol as an eligible employer for the JobKeeper scheme. When? Between 20 & 30 April. 7. Claim the JobKeeper payment for April, specifying eligible employees. When? From 4 May. 8. Notify all eligible employees that they have been nominated in the claim. When? After lodging the monthly claim. 9. Receive the monthly JobKeeper payment into the employer’s bank account. When? Within 14 days of lodging the monthly claim. If you don’t qualify for April payments, you can enter the scheme later if your turnover declines by 30% or more. Please note that JobKeeper is a reimbursement scheme, so employers will need to fund at least two fortnightly pay-runs (and probably three) before any subsidy money is received from the ATO. The above is a very brief summary of the process. The devil is in the detail, and there are some strategic questions to consider. Participation will not benefit all employers. It has been confirmed that Tax Agents such as Quarles will be able to attend to enrolments, claims and continuing administration of the scheme on behalf of clients. If you would like a proposal for us to undertake this work, please let us know. Everyone’s circumstances will be different and this work is beyond the scope of our existing fixed fee agreements. It is good to see some good signs in the containment of the COVID-19 health emergency. Hopefully the economic situation will also improve. We note that the JobKeeper scheme is in place for at least six months, whether or not business restrictions are lifted in whole or part. Best regards The Quarles Team

13.01.2022 Dear Quarles Client As the economic impact of the COVID pandemic deepens and the financial survival of many businesses and families is threatened, we at Quarles want to assure you that we are here to help you. We have worked hard to build expertise in the various Government stimulus measures, as well as the many other challenges facing those of us in business, those with debts, investors and self-funded retirees. We hope that the current environment is not the new norm, but i...Continue reading

13.01.2022 CD is a client of ours who is a big believer in the stock market. He wanted control over his retirement. We recommended a self-managed superfund as the way to do it, as it would give him control over his investments. Now he’s looking at a $650,000 capital gain from stock sales, and only has more to be excited about on the horizon. https://buff.ly/2okmJx4... Interested? Come speak with us today about your SMSF options. https://buff.ly/2FUapqS

06.01.2022 Targeted Help for the Home Building Industry ($25,000 Grant for Buyers and Renovators). The Federal Government has recognised the delayed impact of the COVID shut-down on the Home Building Industry by announcing grants of $25,000 to home owners to stimulate the industry. The industry is experiencing a 40% decline in new home build contract signings. The new HomeBuilder program will apply to new builds and significant renovations costing between $150,000 and $750,000. Own...ers will need to spend the money before receiving the grant. The program commenced today and will apply to contracts entered into between 4 June and 31 December 2020. Renovation work will not include structures separate to the main property, such as swimming pools, tennis courts and sheds. Other key points of the HomeBuilder Program: Applies to Owner-Occupiers only. Not for investment properties. Grants are means tested. Couples must earn less than $200,000 per year and individuals less than $125,000. For renovations, the home being renovated must be valued at less than $1.5M. To keep cowboys out of the program, only Builders and Tradesmen licensed before 3 June 2020 can be engaged for HomeBuilder projects. The WA Government has also been mentioning incentives to support the Building & Construction Industry, so stay tuned. A boost for Social Housing might be on the cards. Quarles Accountants specialises in assisting Building & Trades Businesses and is ready to assist you through our current economic challenges. There are also opportunities for existing and potential homeowners to benefit from this program.

01.01.2022 Contact us now via [email protected] for your free COVID-19 Business Continuity Plan and our free Summary of of the Government's COVID-19 stimulus incentives.