Russell Bookkeeping Service | Accountant

Russell Bookkeeping Service

Phone: +61 425 719 579

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25.01.2022 Employers: The JobKeeper Payment is changing, so more employees can qualify. There are changes to: 1. the eligibility criteria 2. a payment extension to 31 Aug...ust, and 3. employers can nominate different employees if their employment has changed. For more details on the changes, see https://www.ato.gov.au//JobKeeper-Payment/Employers/Your-/

21.01.2022 Businesses: Its time to make your JobKeeper monthly business declaration for August Remember - August has 3 fortnights, so dont forget to claim your eligib...le employees for all of them. If you have newly eligible employees include them in the claim from JobKeeper Fortnight 10 (which started 3 August). Weve created a new fact sheet to explain the steps you need to take to add newly eligible employees, visit www.ato.gov.au/General/JobKeeper-Payment/JobKeeper-guides/

21.01.2022 Businesses: Do you pay contractors? You may need to lodge a taxable payments annual report (TPAR) by 28 August if your business provides and pays contractors fo...r these services: building and construction cleaning courier, delivery or road freight information technology security, investigation or surveillance Lodging online is simple and secure. Watch our video or visit www.ato.gov.au//Taxable-payments-ann/Resources-to-help-you See more

19.01.2022 Employers: Have you made payments to employees that havent been reported through Single Touch Payroll? Youll need to send a payment summary to each of these e...mployees and let us know by lodging an annual report. This tax time, youll need to order any paper forms using our online ordering service at https://iorder.com.au/publication/main.aspx You can find more information on which forms to complete and how to order them at www.ato.gov.au/business/payg-withholding/annual-reporting/

18.01.2022 Employers: Weve started processing payments for JobKeeper, so if youve enrolled, youll need to take the next step and identify and maintain your eligible emp...loyees to ensure you get reimbursed. Check out our video with tips on how to complete this step Sole trader? Youll also need to take this step to ensure you get the payment. For more info, visit www.ato.gov.au/general/JobKeeper-Payment/

18.01.2022 Speak to your employer about eligibility to receive the $1,500 fortnightly JobKeeper Payment.

18.01.2022 Businesses: Taxable payments annual report (TPAR) are due next week on 28 August. If you need to lodge, most of the info youll need should already be on hand... from your monthly or quarterly reporting! Lodge on time so you dont miss the deadline! Find out more about your TPAR at ato.gov.au/TPARlodge See more

17.01.2022 When it comes to learning, reading detailed text isnt for everyone. Thats why weve created Easy Read guides to share information in a different way. Easy Rea...d guides are simple to understand, with pictures used to help explain some ideas. They cover scam awareness, completing your tax return and other topics. Find out more at ato.gov.au/EasyRead See more

17.01.2022 If youve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if youre an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you dont need to pay tax on COVID-19 early release of super amounts, so you dont need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

17.01.2022 Do you have questions on JobKeeper Payments or how to apply to access your super early? See if we can save you a phone call by checking out our new web page, wh...ich lists all our most frequently asked questions over the last week. Find helpful information on: Sole traders having problems registering for JobKeeper Sole traders with zero employees Super balance is low Wrong bank account for early release of super Were updating this page regularly to help you find answers to common questions check it out at www.ato.gov.au/General/COVID-19/Top-calls-about-COVID-19/

15.01.2022 Employers: Do you have questions about the JobKeeper payment extension? Check out our new video featuring Assistant Commissioner, Sally Bektas, and her easy-to-understand summary Learn more by visiting www.ato.gov.au//JobKeeper/JobKeeper-extension-announcement

15.01.2022 If it’s unexpectedly quiet and you’re a permanent employee, you can’t be sent home without pay because there isn’t enough work. Your boss can only stand you dow...n in some circumstances, depending on your situation. Under the general Fair Work Act provisions, your boss can stand you down if you can’t usefully be employed because there’s a stoppage of work which they reasonably can’t be held responsible for. This generally doesn’t include a decline in business but may include: * an enforceable government direction that requires the business to close * a large portion of the workforce being required to quarantine resulting in the remaining employees unable to be usefully employed * a stoppage of work due to a lack of supply which your boss can’t be held responsible for. You should check your award, enterprise agreement, employment contract and any workplace policies, in case they have different or extra rules. The rules are also different if your boss is giving you a JobKeeper enabling stand down direction. We’ve got more info about being stood down due to the coronavirus on our website: https://coronavirus.fairwork.gov.au//stand-down-during-cor

14.01.2022 Claiming your work-related expenses is easier than ever with our occupation and industry guides! Our range of tailored guides can help you get yo...ur deductions right whether you work in an office, herd cattle on a farm or drive trucks to make a buck. Check them out at www.ato.gov.au//In/Occupation-and-industry-specific-guides See more

10.01.2022 The Fair Work Commission has made a determination varying the Clerks Award. The determination inserted a temporary new Schedule, which applies from an employee...s first full pay period on or after 28 March until 30 June 2020. This adds award flexibility during the outbreak of coronavirus for: employees classifications and duties minimum engagement/pay for part-time and casual employees span of hours changes while working at home full-time and part-time employees hours of work directions to take annual leave. Find more info here: https://www.fairwork.gov.au//clerks-award-flexibility-duri

08.01.2022 Employers: Have you experienced a decline in turnover and not enrolled for the JobKeeper Payment? The good news is you might now be eligible and you can still ...enrol. All you need to do is: 1. Enrol in the month you want to start claiming for 2. Identify your eligible employees 3. Make a monthly business declaration Find out more about the JobKeeper payments at https://www.ato.gov.au//JobKeeper---easier-to-understand/

08.01.2022 If your business is looking to take advantage of the new JobKeeper payment announced by the government, you dont need to call us. Register for updates online at www.ato.gov.au/general/gen/JobKeeper-payment

08.01.2022 Tax tip: Lodging your tax return gets easier at the end of July! From late July, a lot of your info will be automatically included into your tax return incl...uding income, bank interest, health fund details and government payments. All youll need to do is double-check the info, add anything thats missing, and youre done! The other good news is that if you have received JobKeeper payments as an employee you dont have do anything different. They will be included in your income statement. Learn more at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

08.01.2022 We know many businesses have been hit hard by the economic uncertainty caused by coronavirus, and were here to help. Our emergency support infoline (1800 806 ...218) will now be available up to 8pm weeknights and between 10am and 4pm Saturdays and Sundays. Well be able to discuss support option available to you, including: Extra time to lodge and pay Alternative GST reporting cycles Help varying tax instalments Learn more at www.ato.gov.au/General/COVID-19

08.01.2022 Businesses: Enrolled for the JobKeeper Payment and identified your eligible employees? Youll need to make a monthly business declaration between the 1st and 14...th day of each month to be reimbursed for employees youve paid The earlier you declare, the sooner you will be reimbursed for the JobKeeper payments For more info, visit www.ato.gov.au//JobKeeper-P/In-detail/JobKeeper-key-dates/

07.01.2022 Claim education expenses? Remember they must have a sufficient connection to your current job and maintain or increase the knowledge, capabilities or skills ...you need for your role. When completing your tax return, there are two types of claims you can make: Self-education expenses this can be a formal qualification at university or TAFE. If youre lodging your tax return using myTax, you can claim these expenses at the Work-related expense self education question. Seminars, training courses, education workshops or conferences - this may include formal education courses provided by professional associations. If youre using myTax, you can make these claims at Other work-related expenses label. You cant claim the repayment of loans you receive to help pay for your self-education or study expenses (like HECS or VETSL). Read more at www.ato.gov.au//Seminars,-conferences-and-training-courses/

07.01.2022 If your financial situation has been impacted as a result of COVID-19, you may be able to access some of your super early. You dont need to call us. You can r...egister your interest now via myGov and well be in contact once applications open on 20 April. Check if youre eligible to access your super early and find more info at https://www.ato.gov.au//withdra/Early-access-to-your-super

07.01.2022 Is your business in a position to purchase new or second-hand assets? You may be eligible to use the expanded instant asset write-off this tax time. You must h...ave your asset in use by 30 June 2020. If youre looking to purchase a car, some limits may apply. Interested? Find out more at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

06.01.2022 Employers: If you received initial cash flow boosts, youll automatically receive additional cash flow boosts when you lodge activity statements from June to Se...ptember 2020. Youll notice some differences in the boost amount you receive in June. For more information, visit www.ato.gov.au//Business-activity-statements-(BAS)/In-deta

04.01.2022 We know theres a lot of interest from people looking to apply to access their super early or enrol for JobKeeper payments today. Were currently experiencing h...igh volumes of calls in our contact centres, and were doing our best to help as many of you as possible. If youre having trouble getting through please be patient and try again later in the day, our contact centres are open until 10pm. If youve got questions on early release of super or JobKeeper see www.ato.gov.au/General/COVID-19/ Thank you for your patience and understanding.

04.01.2022 Resources, advice and information for small businesses. All one in place.

03.01.2022 Do you use your car for work purposes? For a smooth ride this tax time, ensure you have accurate records to support your claims! If you claim a work-relate...d car expense using the cents per kilometre or logbook method, remember you cant claim any further deductions in the same tax return for the same car. Find out more at www.ato.gov.au///vehicle-and-travel-expenses/car-expenses/

03.01.2022 Employers: Were over the halfway point for you to take advantage of the super guarantee amnesty which ends 7 September 2020. As we cant extend the amnesty per...iod by law, nows your chance to take up the amnestys benefits and sort your unpaid super. If you cant pay in full, well work with you on a payment plan so you remain eligible for the benefits of the amnesty. Find out more and apply at www.ato.gov.au//Super-for/Superannuation-guarantee-amnesty

03.01.2022 New tax and superannuation measures are now available to help support those affected by COVID-19. These include: early access to super reducing super minim...um drawdown rates boosting cash flow for employers increasing the instant asset write-off backing business investment You can find information on these measures, as well as ways we can support you, at www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

02.01.2022 With so many Australians working from home to reduce the risk of coronavirus, were making it easier to claim your expenses this tax time. From 1 March until 30... June 2020, were allowing you to claim 80c per hour for each hour you spend working from home. This will cover all your expenses, including your: Heating and cooling Electricity Mobile phone Internet Depreciation of office equipment You can still use other methods to calculate your claim if you prefer; however, whichever method you choose, youll need to make sure you have records to support your claim. Find out more about the change at www.ato.gov.au//Support-for-i/Employees-working-from-home/

01.01.2022 Contractors and consultants do you provide any of these services? Building and construction Cleaning Courier Delivery and road freight ... Information technology Security, investigation or surveillance Businesses who pay you to provide these services may need to include your payments to us as part of their annual reporting. Well use this info to prefill these payments in your tax return, making it easier for you to get tax time right! Learn more at www.ato.gov.au//taxable-payments-reporting---what-it-mea/ See more