Rosie Squibb Chartered Accountant in Valla Beach | Tax preparation service

Rosie Squibb Chartered Accountant

Locality: Valla Beach

Phone: +61 2 6569 6745

Address: 74 Seaforth Drive 2448 Valla Beach, NSW, Australia

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

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25.01.2022 ASIC has flagged that it will make changes to its regulatory work to allow it to focus on the impact of COVID-19.

24.01.2022 There's now more flexibility to manage your PAYG instalments & you can talk to me about the best options for your circumstances.

23.01.2022 According to the ATO, these are the top 5 ways to trip up with SMSF annual returns!

22.01.2022 It's unfamiliar territory for many property owners, so here are some tips and red flags for rental property deductions.

22.01.2022 Want budget updates, latest business & finance news delivered for free? Download my app today! https://www.rosiesquibb.com.au/app/

22.01.2022 Do you want to get a tax deduction and increase your savings? If you have spare funds and are looking for last minute additional tax deductions, consider adding to your retirement savings rather than spending. You no longer need to be self-employed to claim a tax deduction for your personal superannuation contributions. ... Employees and self-employed have a concessional contribution cap of $25,000 for this tax year. This cap includes the total of your employer contributions (compulsory and salary sacrificed) and personal deductible contributions. Please get in touch if you would like further details.

21.01.2022 Are you a sole-trader, self-employed, employee, employer or other business owner? Stay up-to-date on the business.gov page. #stayathome #staysafe https://www.business.gov.au//coronavirus-info/~/link.aspx

21.01.2022 Are you missing out on rental property deductions? Rental property investors can claim capital works deductions for construction costs for a rental property, however there are limits imposed in relation to the dates such works were completed. The deductions are only available on residential properties if these were built after 17 July 1985. Generally, up to 15 September 1987 the rate is 4% a year (over 25 years) and after then is 2.5% (but over 40 years). Residential property... investors seeking capital works deductions need to remember that you can only make a claim for periods when the rental property was used for income producing purposes, not when used for private purposes. Determining the eligible construction costs is complex and will usually necessitate a depreciation report prepared by a quantity surveyor that is also registered as a tax agent. Some costs that may be included in construction expenditure are: preliminary expenses such as architects fees, engineering fees and the cost of foundation excavations payments to carpenters, bricklayers and other tradespeople for construction of the building, and payments for the construction of retaining walls, fences and in-ground swimming pools. Some costs that are not included in construction expenditure are: the cost of the land on which the rental property is built expenditure on clearing the land prior to construction earthworks that are permanent, can be economically maintained and are not integral to the installation or construction of a structure, and expenditure on landscaping. Its also important to remember that when calculating a capital gain or capital loss from a rental property, the cost base and reduced cost base of the property may need to be reduced to the extent that it includes construction expenditure that has been claimed or can be claimed as a capital works deduction. Contact me or check the ATO website for more information: https://bit.ly/2uzGYqq

20.01.2022 The NCCC has released an online tool to help businesses keep their staff, customers and the community safe as they reopen or increase activities. Click on the article to download the planning tool.

18.01.2022 Perfect time to upskill with some free TAFE courses

17.01.2022 Theres now more flexibility to manage your PAYG instalments & you can talk to me about the best options for your circumstances.

15.01.2022 Many residential rental property owners have had their rental income affected by COVID-19, so the ATO has provided answers to some typical scenarios.

12.01.2022 Heres what you need to know before accessing your superannuation early.

12.01.2022 If your employees have been garaging work cars at their homes due to COVID-19, you need to see if this impacts FBT obligations...

10.01.2022 Businesses will now need to meet one of the decline in turnover tests for the September 2020 quarter alone to be eligible for JobKeeper for the period 28 September 2020 to 3 January 2021

10.01.2022 JobKeeper conditions have changed - here's what your business needs to know about the new eligibility tests.

09.01.2022 The clock is ticking for certain NSW discretionary trusts on land holdings & you need to act by 31 December 2020.

08.01.2022 Heres some helpful info on what youll need before we go over your tax return.

08.01.2022 Its unfamiliar territory for many property owners, so here are some tips and red flags for rental property deductions.

07.01.2022 Here's some helpful info on what you'll need before we go over your tax return.

07.01.2022 Businesses with a turnover of up to $500 million a year will be allowed to continue writing off newly purchased assets worth up to $150,000.

06.01.2022 The JobKeeper payment will now be available until 28 March 2021, but there are some changes to consider...

06.01.2022 Here's what you need to know about how the government's moratorium on tenant evictions could affect SMSFs.

05.01.2022 More support for taxpayers has just been announced in the form of a suspension of the indexation of tax instalments for the 2020-21 income year.

05.01.2022 https://www.pm.gov.au//national-cabinet-mandatory-code-ofc

03.01.2022 Be sure to check my website now for my monthly client information newsletters for tax & super. The newsletters will contain selected topics of interest each month. I am also pleased to provide a Lodgment rates and thresholds guide for 2018-19 which is a very handy reference for all those key figures!... You can find the newsletters here: http://www.rosiesquibb.com.au/newsletters/

03.01.2022 Less than 20 days until EOFY! If that fills you with dread, fear not and see my last-minute tax planning tips.

02.01.2022 Maximise your Car Expense Claims With the ATO paying particular attention to work related car claims this year, the golden rules are:... only make a car claim if you paid for the expense yourself and you werent reimbursed ensure its directly related to earning income - in other words your employer required you to make those trips as part of your job make sure you have a record to support your claim My recently released App provides you with tools to substantiate and maximise your car claims. Download the Rosie Squibb App now and easily keep track of your business kilometres. Enter your relevant information to accompany a logged trip, track distance and export your trips at the simple touch of a button! Track expenses at the touch of a button with the Expense Manager Tool. Available for IOS and Android devices from the App Store or Google Play Store. Simply scan the QR code or select the appropriate link below and use my Unique Access Code: ROSIE https://itunes.apple.com/au/app/myaccountants/id1317268476 https://play.google.com/store/apps/details

01.01.2022 $3000 grants for small business from NSW government. Eligible small businesses can apply for recovery grants of up to $3000. This grant helps small businesses get back to business by meeting the costs of safely reopening or upscaling operations.... The grant can be used to make fit-out changes, provide staff training and counselling, cover advertising and communications expenses and purchase cleaning products or services. This grant can only be used for purchases of eligible expenses made from 1 July 2020, and only where no other government support is available.

01.01.2022 TAX MYTHS BUSTED! Check out these top myths from the ATO and download my FREE APP which includes an Expense Manager and Logbook to ensure you can substantiate your claims and not miss out on your deductions. Taxpayers listen to advice from many sources, including tax agents, colleagues, family and friends, and even helpful shop assistants. While some advice is correct, some isnt and its leading to mistakes and errors that can be costly, ... Top of the list is the myth that everyone is entitled to claim a standard deduction of $150 for laundry, 5,000 kilometres for cars or $300 for work-related expenses. While its true that you dont need to keep detailed receipts for deductions up to those amounts, its not an automatic entitlement. You still need to meet the three golden rules you must have spent the money yourself; it must be directly related to earning your income; and you must be able to show us how you calculated your claim,

01.01.2022 Here's what you need to know before accessing your superannuation early.