Randall Accounting in Melbourne, Victoria, Australia | Financial service

Randall Accounting

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9043 7189

Address: 9/214 Bay St, BRIGHTON VIC 3186 3188 Melbourne, VIC, Australia

Website: http://randallaccounting.com.au/

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08.05.2022 Ever thought about restructuring your business? At Randall Accounting, we have ample experience with helping clients restructure or setting up their business from the ground up. Each business structure inevitably has it's own pros and cons, with different tax and government rules. It is important that businesses have the appropriate knowledge before making important decisions. If you are looking for any advice, please be sure to contact the office on (03) 9043 7189 or at [email protected]

18.04.2022 Have you forgotten to lodge your annual Tax Return? We are still taking clients for the 2020 Financial Year! Feel free to contact the office if you are looking for any tax advice, or need a hand with the lodgement of your tax return. (03) 9043 7189... www.randallaccounting.com.au See more

03.04.2022 As announced by the treasurer Josh Frydenburg in last Tuesday's federal budget, a NEW ASSET WRITE-OFF SCHEME will be implemented. As highlighted by Mr Frydenburg, businesses with a turnover of below $5 billion will be able to make an immediate deduction/write-off for any asset purchased and installed between budget night and 30 June 2022. There is no threshold on asset cost which fit into this ruling. Alongside this, it was announced that small and medium sized businesses (...turnover below $50 million) can now fully expense costs associated with second hand assets. If you have any further queries about potential federal budget changes, please be sure to contact the office or book an appointment today!

26.03.2022 Having trouble with your 2020 Tax Return? We are more than happy to help you with any issues you have here at Randall Accounting. We have a wide range of knowledge in all forms of income ranging from business, rental and foreign. Be sure to contact the office and we can set up a virtual meeting with the current COVID-19 restrictions in place. ... https://www.randallaccounting.com.au/

13.03.2022 JOBKEEPER EXTENDED With the new stage four restrictions hitting most small businesses within Victoria, the federal government has pledged to keep Jobkeeper running until the end of March 2021 for all Australians. The following details have so far been released for the government subsidy. Please be sure to contact Randall Accounting today if you would like assistance or have any queries regarding Jobkeeper 2.0.

11.03.2022 Are you expecting a refund this year? We are ready to help with our COVID SAFE options. Make sure you contact us at Randall Accounting, your local Tax Agent and Chartered Accountant.... Call us on 9043 7189, or send an email through to [email protected]

24.02.2022 Once again, the end of financial year is here!! Make sure to book an appointment today and be on top of this years tax return. We are open for face to face appointments or via phone/email, so make sure to contact us if you are looking to get your tax return completed!

10.02.2022 *** Edit: Please note that this date has now been moved forward another 6 months till the end of December!! There is only 28 days remaining until the new $150,000 asset write-off threshold set for the COVID-19 pandemic is no longer enforced. The federal government has not made any reference to what this threshold will be set to after June 30 2020. However, it can be expected to be reset to the original $1,000. ... This means,that now is the time to make any of those purchases exceeding this $1,000 threshold! If you need any further clarification on this matter, feel free to contact the office.

07.02.2022 It isn't too late for Jobkeeper! Businesses that didn't qualify for the Jobkeeper subsidy in March or April are still eligible to receive the payment if they drop below the 30% margin for any of the remaining months! If you think that your businesses turnover has dropped 30% for May, or is projected to drop 30% for June, make sure to contact us to check eligibility. ... https://www.randallaccounting.com.au/

02.02.2022 To help deal with the large volume of demand for the JobKeeper payment, the ATO has just announced that they will prolong the eligible dates for businesses to apply. You now have up until: - 8th May to pay employees the necessary $1,500 per fortnight. - 31st May to enrol for April payments ... This means that it isn't too late if you think you are eligible! If you need any help with the application process be sure to contact us.

25.01.2022 To help deal with the large volume of demand for the JobKeeper payment, the ATO has just announced that they will prolong the eligible dates for businesses to apply. You now have up until: - 8th May to pay employees the necessary $1,500 per fortnight. - 31st May to enrol for April payments ... This means that it isn't too late if you think you are eligible! If you need any help with the application process be sure to contact us.

23.01.2022 With all of the recent announcements from the federal government, it has been hard to keep track of all incentives on offer for your personal or business finances. To encourage spending the government has pledged to increase the asset turnover amount for businesses. Previously at $30,000, businesses can now instantly write off any assets of value less than $150,000. The asset has to be installed and ready to use by June 30 2020. Additionally, the government has also granted... an allowance to accelerate the depreciation of assets until June 30 2021. If you are interested be sure to contact us, or book an appointment on our website! https://www.randallaccounting.com.au/

19.01.2022 Jobkeeper is still available!! With most businesses around Victoria officially in lock down for at least 6 weeks, it is not too late to claim Jobkeeper. If you have had a 30% reduction in turnover compared to last years period you could still be eligible for this government subsidy. This is still available until the end of September, so be sure to contact the office and we will be more than happy to help assist you in any way we can. ... https://www.randallaccounting.com.au/coronavirus-help

19.01.2022 Having trouble with your 2020 Tax Return? We are more than happy to help you with any issues you have here at Randall Accounting. We have a wide range of knowledge in all forms of income ranging from business, rental and foreign. Be sure to contact the office and we can set up a virtual meeting with the current COVID-19 restrictions in place. ... https://www.randallaccounting.com.au/

19.01.2022 Melbourne's Pathway to a 'COVID-Normal' - Reopening the office! Following the large announcements made yesterday by the Victorian Premier, businesses all over metropolitan Melbourne will be allowed to reopen on Wednesday 28th October. The new restrictions allow for businesses with a COVID-Safe Plan to reopen their doors. We are pleased to announce that the office will now be reopen for visitors and clients to come in! Whilst we are not allowed to have all staff on site, we w...ill try to ensure that one member of staff is in the office throughout the week. If you would like to find out more about the easing of restrictions throughout Metro Melbourne, please find the relevant information in the link below: https://www.coronavirus.vic.gov.au/coronavirus-covid-19-reo

18.01.2022 *** Edit: Please note that this date has now been moved forward another 6 months till the end of December!! There is only 28 days remaining until the new $150,000 asset write-off threshold set for the COVID-19 pandemic is no longer enforced. The federal government has not made any reference to what this threshold will be set to after June 30 2020. However, it can be expected to be reset to the original $1,000. ... This means,that now is the time to make any of those purchases exceeding this $1,000 threshold! If you need any further clarification on this matter, feel free to contact the office.

17.01.2022 3rd ROUND BUSINESS SUPPORT GRANT ANNOUNCED Yesterday, the State Government announced that they will be further increasing business grants for a third time worth up to $3 Billion. With the extension of lock-down measures, the Vic Government is offering grants for businesses ranging from $10,000 - $20,000. Below you can find a summary of the eligibility requirements and what support is available: ... What is available? - A grant ranging between $10,000 and $20,000 depending on the business’ annual payroll. What are the eligibility requirements? - Must operate a business within Victoria - Must be on the Jobkeeper Payment Scheme - Employ people and be registered with Worksafe - Annual Payroll must be less than $10 million through the 2020 Financial Year - Be registered for GST - Have an ABN What will I receive? - $10,000 if your annual payroll is less than $650,000 - $15,000 if your annual payroll is between $650,000 and $3 million - $20,000 if your annual payroll is between $3 million and $10 million Applications are not officially open yet. Please feel free to read the fact sheet posted by the Vic government here: https://www.business.vic.gov.au//b/business-support-fund-3 For existing clients, please feel free to make contact if you have any questions as we are more than happy to help with any queries or applications. For all others - please feel free to contact our office if you need any assistance to apply for any of these measures. (03) (03) 9964 3904 or [email protected].

15.01.2022 Need assistance with the JobKeeper payment support? Unsure if your business qualifies or if your have eligible employees? From today until the 30 April, the scheme is now open for enrollment with the ATO. Specific rules apply to qualify. Contact us for assistance. ... (03) 7012 6320 [email protected] https://www.ato.gov.au/General/JobKeeper-Payment/

13.01.2022 JOBKEEPER EXTENDED With the new stage four restrictions hitting most small businesses within Victoria, the federal government has pledged to keep Jobkeeper running until the end of March 2021 for all Australians. The following details have so far been released for the government subsidy. Please be sure to contact Randall Accounting today if you would like assistance or have any queries regarding Jobkeeper 2.0.

09.01.2022 Have you forgotten to lodge your annual Tax Return? We are still taking clients for the 2020 Financial Year! Feel free to contact the office if you are looking for any tax advice, or need a hand with the lodgement of your tax return. (03) 9043 7189... www.randallaccounting.com.au See more

08.01.2022 Are you expecting a refund this year? We are ready to help with our COVID SAFE options. Make sure you contact us at Randall Accounting, your local Tax Agent and Chartered Accountant.... Call us on 9043 7189, or send an email through to [email protected]

06.01.2022 With Australia in lock down, there has been an extensive increase to the amount of individuals who are now working from home. In response to this substantial spike, the federal government has made changes to the treatment of deductions which can be claimed for certain work expenses within your household. - Individuals can now claim 80 cents p/hour of all running costs. You can simply count the number of hours you have worked from home and multiply it by 80 cents come tax tim...e. - Multiple people living in the same house can all claim this rate, and you no longer have to have a designated 'work from home' area. - If it suits you better, you still have the choice of calculating the actual work-related amounts. This method will mean that you have to keep a more specific running track of all expenses such as office equipment, electricity, water etc. These figures will need to be proportioned for how much is being used towards work. Remember to keep any receipts for any work-related purchases made! If you bought a new desk or monitor because of your new working circumstances, you can claim it as a deduction. Be sure to familiarise yourself with these changes, as it could definitely help your tax position when it is time to lodge. If you would like to discuss your own home office and what is eligible to claim please be sure to book a virtual appointment and we would be more than happy to help! https://www.ato.gov.au//Me/New-working-from-home-shortcut/

04.01.2022 As announced by the treasurer Josh Frydenburg in last Tuesday's federal budget, a NEW ASSET WRITE-OFF SCHEME will be implemented. As highlighted by Mr Frydenburg, businesses with a turnover of below $5 billion will be able to make an immediate deduction/write-off for any asset purchased and installed between budget night and 30 June 2022. There is no threshold on asset cost which fit into this ruling. Alongside this, it was announced that small and medium sized businesses (...turnover below $50 million) can now fully expense costs associated with second hand assets. If you have any further queries about potential federal budget changes, please be sure to contact the office or book an appointment today!

04.01.2022 Good news this morning, with the Federal Government announcing that it is extending the instant asset write-off by another 6 months! This will mean that small businesses will have until the end of December to make use of the $150,000 threshold brought in for the COVID-19 pandemic. https://www.theage.com.au//businesses-given-beefed-up-asse

01.01.2022 Once again, the end of financial year is here!! Make sure to book an appointment today and be on top of this years tax return. We are open for face to face appointments or via phone/email, so make sure to contact us if you are looking to get your tax return completed!

01.01.2022 It isn't too late for Jobkeeper! Businesses that didn't qualify for the Jobkeeper subsidy in March or April are still eligible to receive the payment if they drop below the 30% margin for any of the remaining months! If you think that your businesses turnover has dropped 30% for May, or is projected to drop 30% for June, make sure to contact us to check eligibility. ... https://www.randallaccounting.com.au/