Qubed in Carlton, Victoria, Australia | Accountant

Qubed

Locality: Carlton, Victoria, Australia

Phone: +61 3 8374 3861

Address: Level 2 / 255 Drummond Street 3053 Carlton, VIC, Australia

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

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• Tax preparation service
• Accountant
• Financial service
• Mortgage brokers

25.01.2022 Jobkeeper payments are assessable to the business. We recommend an ‘Other Income’ account named ‘Rebates and Refunds (assessable)’ be established to capture this income. Positioning this account as other income will ensure it won’t affect operating income for reporting purposes. https://qubedadvisory.com.au/end-of-financial-year-tips/

18.01.2022 This is considered assessable income and should be coded to the 'Rebates and Refunds (assessable)' account. https://qubedadvisory.com.au/end-of-financial-year-tips/

18.01.2022 Tax planning strategies need to be executed prior to the end of the financial year. This year has been very difficult for many businesses, and strategies put in place may require review to ensure they are still appropriate. As 2020 draws to an end, please reach out if you have a question. https://qubedadvisory.com.au/end-of-financial-year-tips/

16.01.2022 Due to the Covid 19 situation, the Government/ATO has allowed an increase to 80c per hour to deductions for home office expenditure in your tax return. To provide proof: 1. Keep a record of the number of hours you have worked from home for the period 1 July 2019 to 29 February 2020. 2. Keep a record of the number of hours you have worked from home for the period 1 March 2020 to 30 June 2020. Maximize your tax benefit with advice from Qubed Advisory.

10.01.2022 Superannuation Guarantee Charge (SGC) announcement Employers now have access to an SGC Amnesty for unpaid superannuation. We recommend employers with overdue superannuation take advantage of this opportunity. Lodgements will be penalty fee and payments will become tax deductable up until 7th September 2020 . A good outcome. For further details go to https://www.ato.gov.au///superannuation-guarantee-amnesty/ or contact your adviser directly.