Read Advisory BAN TACS Accountants Mackay in Mackay, Queensland | Accountant

Read Advisory BAN TACS Accountants Mackay

Locality: Mackay, Queensland

Phone: +61 7 4951 1848

Address: 43 Sydney Street 4740 Mackay, QLD, Australia

Website: https://www.bantacs.com.au/aboutus/locations/mackay-office

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• Tax preparation service
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25.01.2022 Still waiting on Paper Work to Complete your Tax Return? It might never come! Much of what we need to prepare your tax return is now available direct o...n the ATO portal. We can access it for you. The portal will give us interest earned but not interest paid so you will still need to get this if you have a rental property. Your PAYG summaries, dividends and health insurance details should also be on the portal. Here is a link to our checklists to help you prepare https://www.bantacs.com.au/media-library/checklists/ If you prefer social distancing and avoiding travel we also do virtual tax returns over zoom. https://www.bantacs.com.au/virtual-tax-returns/ For the contact details of your nearest BAN TACS office go to https://www.bantacs.com.au/aboutus/locations/ See more

23.01.2022 2020 TAX TIME IS HERE Come and see us to maximise your refund! Book your appointment now with one of our tax specialists.... 07 4951 1848 [email protected] Drop into 43 Sydney Street, Mackay We also have a drop in service for non appointments and a secure portal for mail in returns. If you are unable to come see us, we also offer phone or virtual face to face appointments, where you tax return will be sent securely to you for digital signing.

21.01.2022 Professional Tax Returns - See the Difference in your Refund Our offices are taking all the necessary COVID precautions but there are also many other ways to ha...ve your tax return prepared by a BAN TACS Accountant. In Person https://www.bantacs.com.au/aboutus/locations/ Through the Mail https://www.bantacs.com.au/topics/mail-in-tax-returns/ Zoom Meeting and electronic signing https://www.bantacs.com.au/virtual-tax-returns/

15.01.2022 Who is the Beneficiary of Your Superannuation? Only your children under 18 years of age and your spouse are entitled to receive your superannuation tax fre...e. If, for example, your parent is a beneficiary they will have to pay up to 17% tax on a payout in the event of your death. So when was the last time you looked at your superannuation? If you have become a parent make sure everything is in order to ensure your child is protected with a minimum amount of fuss and zero tax! See more

11.01.2022 Read Advisory | BAN TACS Accountants Mackay are a reputable tax accountant firm in Mackay, QLD. We offer a convenient tax return service in person, telephone or virtual face to face and can simply send you your tax return for secure digital signing. We specialise in making tax simple and maximising your tax position.... 07 4951 1848 [email protected] www.bantacs.com.au

11.01.2022 Friday’s Financial Coaching with Monika Budget 2020 On Tuesday evening the delayed budget was delivered by the Federal Government, investment markets reacted we...ll to the budget as no nasty surprises where delivered in what was a well leaked budget. While the budget has raised some controversy in terms of who the winners and losers are there, the changes around superannuation seem to have been lost in the debate. In an effort to streamline and reduce costs associated with superannuation the following measures have been introduced and will likely take effect from 1 July 2021, meaning you have the chance now to get your super in order, particularly if you are one of the many Australians who has multiple super accounts. From July 2021 it is proposed that: 1. Employers no longer nominate a default superannuation fund for employees 2. That employees have a superannuation fund stapled to them and this will then become the default fund for that employee 3. The scheduled increase in super guarantee contributions from 9.5% to 10% has not been taken off the table with this budget, so will likely proceed The intention of stapling a super fund to an employee is address the following: a. Reduce fees associated with super, as having fewer super funds means fewer fees being charged as you will theoretically have fewer (ideally one) super fund that is attached to you i.e. no duplication of administration and investment fees through having multiple superannuation funds b. Employers no longer nominating a default superannuation fund, will result in fewer default funds and therefore hopefully greater competition amongst superannuation funds for members c. Less lost super, the ATO has currently has around $17.5 billion in lost super held in lost superannuation. This money is held in a trust account and is not invested in growth assets. If you are uncertain if you have lost super, you can check for any lost super via the ATO. Mackay continues to hold the top-ranking post code for most lost super. https://www.ato.gov.au//Check-now-for-your-share-of-$17-/. d. Increased retirement savings, achieved by having super directed to one account resulting in more money invested for your retirement, the long-term impact is likely that you will be less reliant on the age pension in future as your retirement nest egg (super) will be greater and able to provide a higher retirement income for you. If you do have more than one super, now is the time to assess which super is the best one for you remember bigger is not always better. The superannuation landscape has changed dramatically in recent years with many retail super funds now competing favourably when compared with industry fund both on fees and investment performance. Super is your money and should be treated with the same care that you treat any other asset. IF you are uncertain where to start with sifting through all your super to work out which is best for you, contact a financial adviser who will be able to assist you with what can be quite a complex process to compare the different super funds. This will ensure you have the right super stapled to you when the proposed changes take effect from July 2021. The advice is of a general nature and has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. Monika Ponmoon is an authorised representative (No. 412643) of BAN TACS Financial Solutions Pty Ltd. BAN TACS Financial Solutions Pty Ltd ABN 11 627 594 781 is Authorised Representative No. 126697 of InterPrac Financial Planning Pty Ltd (AFSL 246638) See more