Rooshock Accounting | Financial service

Rooshock Accounting

Phone: +61 8 7076 9176

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25.01.2022 Are you waiting on your Payment Summary (Group Certificate)? We are getting quite a bit of feedback from clients this year who are waiting on a payment summary (group certificate from their employee). For the majority of people, you wont actually receive a payment summary this year. Your employer now reports this information directly to the ATO. As a tax agent, as soon as this information has been finalised for the year, we can access this on your behalf. If this is all you are waiting on to complete your return, then ask us today and we can check if it is ready to go!

25.01.2022 The story behind how and why Rooshock Accounting was started! Excited to share this with everyone.

25.01.2022 Tax Time Tip - Income Protection - You are able to claim for the cost of premiums you pay for insurance against the loss of your income. You must also include any payments you receive under such a policy in your tax return. It is only the part that is related to income benefits that is tax deductible. - You cant claim for policies that are paid via your superannuation fund. You also can not claim for life insurance, trauma insurance or critical care insurance premiums. ... - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

24.01.2022 Complete your Tax Return Online Did you know you can complete your Tax Return online? The below link takes you to our online form. Simply fill this in and your information will get sent through to us. We then look over it, ensure the maximum amount of deductions are claimed and then send you the completed return to look over.... https://forms.gle/WY367w8Mm56RBwB19

24.01.2022 STP Finalisation Deadline (Employers with 19 or less Employees) Today is the due date for your STP Finalisation if you have 19 or fewer employees. It is important that you finalise your STP information with the ATO to ensure your employees are able to complete their tax returns. Those with 20 or more employees have until the 31st of July to do this.

23.01.2022 Do you run a home based business? These images come directly from the ATO and can help you understand what you may be able to claim in regards to running your business from home.

23.01.2022 Competition Winner Congratulations go to Kristin Van Keulen who has won our Pre-Registration Free Tax Return competition. You will get your 2019/2020 Tax Return done at no cost! We will be in touch via email to organise this with you. Thank you to everyone who entered our competition. Also thank you to everyone who shared the post, we appreciate your ongoing support!... For those who missed out, we are now taking bookings for appointments. This can be done in person, over the phone or via email. Full details can be found at our website.

23.01.2022 Tax Time Tip - Phone & Internet Expenses - If you use your own phone or internet for work purposes, you may be able to claim a deduction for the work related percentage. You must have spent the money yourself, prove that it is directly related to earning your income and keep the records to prove this. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website.

22.01.2022 Tax Time Tip - Donations to Charities - A simple way to increase your deductions at tax time is to donate to charities. For a donation to be tax deductible, it must be made to an organsiation that has DGR (Deductible Gift Recipient) status. Not all charities have this status. You can check this on the Australian Business website. - You must keep a record of the donation, such as a receipt. It must truly be a donation, which means you cant receive a material benefit or advant...age in return. The donation must be for $2 or more. - If you have made $2 or more donations to bucket collections conducted by an approved organisation for natural disaster victims, you can claim a deduction of up to $10 without a receipt. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

22.01.2022 Tax Time Tip - Working from Home (COVID-19) - Due to the increase in the amount of people working from home due to COVID-19, the ATO has added an additional method for calculating deductions for home office expenses. The new shortcut method allows you to claim 80 cents per work hour for all additional running expenses. This new method can be used from 1 March 2020 until 30 June 2020. - You can choose to use the actual cost method instead, which involves claiming the actual ...work related portion of all your running expenses. The third option is to use the fixed rate method which involves claiming 52 cents per work hour for heating, cooling, lighting, cleaning and furniture, as well as the work related portion of phone, internet, stationery, computers, and software. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

20.01.2022 Tax Time Tip - Protective Clothing (COVID-19) - The ATO will allow a deduction for protective items required for work. This has been extended due to COVID-19 to allow items such as gloves, face masks, sanitiser or antibacterial spray. - To claim these items, you must have paid for them yourself, and not been reimbursed for them. You need to be working in a job that requires either physical contact or close proximity with customers or clients. Some industries where this could... apply are healthcare, retail and hospitality. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

19.01.2022 Tax Time Tip - Expenses Over $300 - When purchasing items that are over $300 and are tax deductible, you may be required to depreciate this item. What this means is that you will claim the cost of the item over its useful life. This claim date starts from the date of purchase. - An example is if you purchase a laptop on 30th of June. This item will need to be depreciated if it is over $300. As you purchased it on 30th June, you will only get 1 days worth of the claim in that... financial year. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

19.01.2022 Tax Time Tip - Clothing Expenses - Deductions for clothing is something that the ATO has marked as being incorrectly done by many taxpayers. You are able to claim a deduction for occupation-specific clothing, protective clothing and footwear, as well as compulsory or non-compulsory uniform. - For uniform to be claimable, it must be unique and distinctive to the organisation you work for. An example would be a shirt that has the companys logo on it. ... - You are unable to claim for general clothing such as balck trousers and white shirt, or a suit even if your employer says this is compulsory. You also cant claim for ordinary clothes such as jeans, shorts, trousers, socks or closed shoes as they lack protective qualities designed for the risks of your work. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

18.01.2022 April to June BAS Deadline If you lodge your own BAS, the April to June 2020 one is due today. If you are using a tax agent, you will likely be eligible for an automatic extension.... If you have any queries regarding this, please get in contact with us today.

18.01.2022 The 'October 31' Deadline is quickly approaching! This deadline is for anyone who is lodging their own tax return, as well as a number of people who may have lodged late last year or have overdue returns. This date falls on a weekend this year so you actually have until 2 November. ... We still have the capacity to get returns done before this date if you require. If you are using an agent, you may be eligible for the extended due date. It is best you check with your tax agent though to confirm this.

18.01.2022 Tax Time Tip - Travel Expenses - If you are required to travel as a part of your employment, you may be able to claim these expenses. This can include costs such as meals, accommodation, flights, car parking and tolls. - You will need to apportion these expenses if they are partly private in nature. You also will not be able to claim for any portions that have been reimbursed to you.... - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

17.01.2022 First of all we would like to thank each and every person who has supported us this tax time so far! The kind words and referrals mean the world to us! For those that have also left reviews on our Facebook page, we are very grateful! For those that havent completed their tax return yet, we are continuing to offer after hours and weekend appointments, as well as Facebook Messenger and Email options. Once again, thank you to everyone who has supported us so far, we hope you have all had a good experience!

16.01.2022 How to Start a Business in Australia We get quite a few people ask what are the steps to starting a business. We have put together this short article with a basic step by step list of what you need to do to get your business up and running. https://rooshockaccounting.com.au/how-to-start-a-business-/

16.01.2022 Fair Work Announces Wage Increases Fair work have announced an increase of 1.75 per cent increase to minimum wages. This is across all awards but will be implemented across 3 dates. The first group of awards will receive this increase from 1 July, the next group from 1 November and the final from 1 February 2021. It is important you read the below link if you are currently or planning on employing anyone. You need to understand which group your award falls under, and what im...plications this may have on your pay rates. https://www.fairwork.gov.au//the-commission-has-announced-

15.01.2022 Pre-Register Competition Want a chance to have your 2019/2020 Individual Tax Return done for FREE this year? Simply Pre-Register at the following link and you will enter the running to win this! http://ow.ly/9tCg50A1oHz... By Pre-Registering, you will receive tips on how to save money this tax time, as well as instructions on how to book appointments, etc. It doesnt cost anything to Pre-Register, nor does it commit you to getting your return done through Rooshock Accounting. All of those who have already Pre-Registered will be in the running automatically.

15.01.2022 Tax Time Tip - Motor Vehicle Cents per Kilometre Method - The simplest method of calculating work related car expenses is the Cents Per Kilometre method. For the 2019/2020 financial year, you are able to claim at a rate of 68 cents per kilometer. This is capped at a maximum of 5000km per car. - Under this method you dont need to keep receipts for car related expenses. You may be required to provide written evidence at how you came up with your work related kilometres. You wi...ll also need to keep evidence that you own the car. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

14.01.2022 Tax Time Tip - Prior Year Accounting Fees - You can claim the cost of the fees you paid in the previous year to get your tax return prepared. You can still claim this even if you have changed accountants. If you completed your return through Rooshock Accounting, we will automatically fill this into your return. If you used a different accountant last year, just let us know the fee you paid and we will ensure it is claimed. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website.

13.01.2022 Tax Time Tip - Unable to Claim - General Travel to Work - Generally, you will be unable to claim travel between your home and your place of work. With more people working from home due to COVID-19, the ATO have confirmed that you still wont be able to claim for this even if you are required to make trips to your workplace. - In most cases, these rules apply to other forms of transport as well. For instance, a FIFO worker who lives in a different state to their base of work ...will be unable to claim these flights as they are classed as personal travel. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

13.01.2022 JobKeeper Update Today the federal government have released an extension to the JobKeeper payment until March 2021. This comes with a reduced payment rate as well as the requirement to re test for eligibility. If youre a business owner and wanting to know how this may effect you, please get in contact with us. We will be contacting our effected clients directly.

12.01.2022 We love any feedback we get. Loving working with so many lovely clients!

10.01.2022 Xero Delays Price Increases Xero has delayed the planned price increases indefinitely. These were meant to come into place from 1 July but due to the impacts of COVID-19, this has been delayed.

09.01.2022 Tax Time Tip - Union Fees & Subscriptions - You are able to claim a deduction for payments you make for union fees, and subscriptions to trade, business or professional associations. - Most unions and associations send members statements of the fees or subscriptions paid. ... - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

08.01.2022 Tax Time Tip - Logbook Car Method - Under the logbook method, you are required to keep a 12 week logbook that will then be valid for 5 years. This will help you calculate your work related percentage of the expense for that car. - Expenses that can be claimed include items such as fuel, repairs, registrations, insurance, etc. You are also able to claim depreciation and interest if applicable. ... - You will be required to keep written evidence of all expenses under this method. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

07.01.2022 Tax Returns via Facebook Messenger Did you know we can do the bulk amount of your tax return via Facebook Messenger? Simply send our page a message and we can correspond with you at a time that suits you. We can use messenger for nearly all communication (except collecting confidential information such as TFNs). Looking to get your return started today? Simply send us a message to get started.

07.01.2022 Happy 1st of July Tax time is officially here! We are looking forward to helping you get your 2019/2020 tax return done this year! You can find out all the details regarding our different methods of completing your return on our website.... https://rooshockaccounting.com.au/individual-tax-returns/

06.01.2022 Are you considering starting a small side hustle or business? Or do you already do something on the side but haven’t done anything about it. We’ve done a quick video on the differences between a Hobby and a Business. I hope this helps clear up some common questions and misconceptions around this. As always, any questions feel free to get in contact with us!

06.01.2022 Another video for investment property owners or those considering purchasing a property. It’s important to understand the basics on how tax works on rental properties, both annually and at time of sale. Any questions, feel free to ask! https://youtu.be/Mj26n2YgmXg

06.01.2022 Did you know we are a Hubdoc Certified Xero Partner? Hubdoc is now included in most Xero subscriptions and can significantly increase your efficiencies in record keeping. Hubdoc allows you to capture your invoices/receipts and automatically push them through to Xero. This gives you a great electronic filing systems and can also reduce data entry errors. If you are interested in finding out more, please get in contact with us and we can help set this up for you.

05.01.2022 Tax Time is Almost Here This is your last chance to enter our Pre Registration competition. Simply go to the below link, pre register and you will be entered in our competition to get your tax return done for free! We will be drawing the winner on the 1st of July! http://ow.ly/G1Kq50Ad7wT... By pre registering, you will also receive access to our checklists to help you prepare to get your tax return done.

04.01.2022 JobKeeper Changes There have been more changes announced to the JobKeeper scheme in response to the COVID situation in Australia. We will again be in touch with our clients who will be effected by this. ... If you are unsure what it means for your business, feel free to contact us

04.01.2022 Extra In Person Appointment Slots Opened Up We have opened up some extra in person tax return appointment slots this Tuesday afternoon as well as Saturday. There are still a limited amount of after hours appointments available this week. Appointments can be booked at the following link!... https://calendly.com/ethan/individual-tax-return-with-ethan

04.01.2022 Tax Time Tip - Unable to Claim - Gym Fees - Most people are unable to claim for the cost of their gym membership. The ATO states that you can only claim for this if you can demonstrate that strenuous physical activity is an absolute essential and regular factor of your income earning activities, and that the costs were directly incurred to maintain a fitness level well above the professionals general standard. - There are rare circumstances where this can be proven such as p...rofessional sportspeople and some defence force members. Occupations where it is unlikely you will be able to make a claim include PE teachers, standard police officers and dancers. - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

03.01.2022 Tax Time Tip - ATO Record Keeping Requirements - Did you know that you need to keep written evidence of your tax records for five years from the date you lodge your return? These records can be kept in either a paper or digital form. - You will need to keep details regarding your income, as well as any deductions you are claiming. The ATO will require you to present these if they are to commence an audit on your tax return.... - Rooshock Accounting is now taking bookings for 2019/2020 Individual Tax Returns. These can be completed in person, over the phone, via Facebook Messenger or via Email. You can book these via Facebook or our Website. See more

03.01.2022 How to Switch Accountants - Business Clients Quite often we get asked the question, how do I switch accountants? As a business owner, you may feel like you need a change of accountants, but feel like the hassle of changing is too much, even if you arent happy with the service you are getting or the fees you are paying. Luckily, it is actually quite a simple process and pre-end of financial year is a great time to take action on it. Step 1 - Contact your potential new account...ant (hopefully Rooshock Accounting!). In our case, we will then discuss your business with you, what services you need, and as we price up front, we can give you an up front quote so you know exactly what you will be paying. Step 2 - Your new accountant sends an ethical letter to your previous accountant. Your previous accountant is then required to hand over the relevant information regarding your personal and business tax affairs. With todays digital records, this can happen quite efficiently. Step 3 - We are ready to commence work! As you can see, the process is actually quite simple. If you are looking for a new accountant, we are happy to have a no obligation discussion with how we could help you!

02.01.2022 Want an in person or phone appointment? Call us Today on (08) 7076 9176 to book in for your 2019/2020 Individual Tax Return Individual Tax Returns are just $79!

02.01.2022 To add to our blog post, I decided to do a video explaining step by step how to start a business in Australia. I will be utilising YouTube more in the future, so would love if you could subscribe to the channel! https://youtu.be/-Xaeb0eDhT4

01.01.2022 As some of you may know, I had an unfortunate injury playing soccer last week which ended up requiring a sudden surgery. Due to this a few appointment times obviously had to be changed around. I would just like to thank all my clients for being so helpful with changing times and with messages of support! It has been greatly appreciated. It will be a long road ahead but thankfully business is back to pretty much usual. Appointment times are still available as well as the usual phone/email appointments. Once again thank you to everyone! - Ethan