Ruth Watson & Associates in Malvern East, Victoria | Tax preparation service

Ruth Watson & Associates

Locality: Malvern East, Victoria

Phone: +61 3 9530 4944

Address: 409 Waverley Road 3145 Malvern East, VIC, Australia

Website: http://ruthwatsonandassociates.com.au/

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• Tax preparation service
• Accountant
• Financial service

07.05.2022 Are you a cryptocurrency investor? Whether you’re a Bitcoin buyer, Ethereum enthusiast or drowning in Dogecoin, it’s important to keep good tax records! Your c...ryptocurrency service provider sends us info each financial year which we match with info you provide in your tax return. Find out more at www.ato.gov.au/cryptocurrency

05.05.2022 With 30 June fast approaching, you might be starting to think about which expenses your small business can claim as deductions Our tax time toolkit for small... business is a handy directory with guides for: home-based business expenses motor vehicle expenses travel expenses pausing or closing your business due to COVID-19. Find out more at www.ato.gov.au/Tax-pro//Tax-Time-Toolkit---Small-business/

18.04.2022 Employers: We’re here to help you meet your super obligations Whether you couldn’t pay your super guarantee last quarter or just lost track of the date, we ca...n work with you to create a payment plan that suits your circumstances. Remember submit your super guarantee charge statement by 28 May to avoid extra penalties. For more info head to www.ato.gov.au//Paying-super-con/Missed-and-late-payments/

14.04.2022 Running a small business is hard work! That’s why we’ve updated our ‘Supporting your small business’ hub you can access a range of information and resources i...n one place. Find short summaries and quick links to info on: reporting JobKeeper payments in your tax return our small business tax time toolkit tools and calculators online services learning resources. Visit www.ato.gov.au//Starting-y/Supporting-your-small-business/ to learn more.

08.04.2022 There are a lot of perks to working from home! Short commute from your bed to your desk Binging your latest tv show during your lunch break Claiming the 80... cent per work hour shortcut method You can choose to use the shortcut method for the full financial year this tax time when calculating your working from home expenses! The shortcut method is all-inclusive and has minimal record keeping requirements. All you need is a record of the hours you worked from home - a timesheet, roster, diary or any other document that shows the hours you worked. To find out more speak to your registered tax agent, or visit www.ato.gov.au//deductions-you-can-c/home-office-expenses/

26.03.2022 IMPORTANT! SCAM ALERT!

15.03.2022 If you are thinking of applying for an ABN, you might like to give Ruth a call to discuss implications, changes and what you will need to be aware of going forward. Some people find the application process confusing - you are welcome to ask us to submit the application for you.

06.03.2022 Businesses: Get your BAS right the first time Check out our quick tips: only complete the fields that apply to you make sure you enter the right figures... at the correct label if you have nothing to report, enter zero enter whole dollar amounts leave cents out and don’t round up. For more info speak with your registered tax or BAS agent or see www.ato.gov.au//Business-activity-statem/BAS-and-GST-tips/

20.02.2022 If you or someone you know has been impacted by a disaster, we’re here to help. We know you have other things on your mind, and don’t expect you to worry about... your tax affairs right away. We’ll give you time to deal with more immediate problems, and help you to sort out your tax affairs later. See how we can support you at www.ato.gov.au/general/dealing-with-disasters/

31.01.2022 Working two jobs and surprised that different amounts of tax are being withheld from your pay? Income tax is calculated on your total income for the financial... year no matter how many employers you work for. You should usually only claim the tax-free threshold (i.e. $18,200 in tax-free earnings each year) from one employer at a time. This might mean that different employers withhold different amounts from your pay throughout the year. Find out more in our article on ATO Community at www.community.ato.gov.au//How-much-tax-should-I-/ta-p/8111

22.01.2022 All of this and more! Call us today to speak to one of our experienced team members (03) 9530 4944

22.01.2022 Its that simple.

21.01.2022 Small employers: Have you finalised your STP records? If you have 19 or fewer employees, the deadline for making a finalisation declaration through your Single ...Touch Payroll solution is 31 July. Its easy to do and ensures your employees can lodge their tax returns accurately and on time. Find out more at www.ato.gov.au//Star/End-of-year-finalisation-through-STP/ See more

21.01.2022 Streamlining your bookkeeping will make tax time a breeze! Contact us today to get started.

21.01.2022 Ruth Watson & Associates specialise in multi-year tax returns. Talk to us today (03) 9530 4944 or email us at [email protected]

20.01.2022 Were used to dealing with complex investment portfolios, so we know the best way to structure them to legally reduce the amount of tax you pay. Call us for a chat on (03) 9530 4944 or email us at [email protected]

19.01.2022 Appropriate planning is critical to help you secure your financial independence and achieve your retirement dreams. Whatever life stage you are at, your current super balance, your retirement plans and your expected financial commitments upon retirement all need consideration.

18.01.2022 Running your own small business? If you received government grants or payments last financial year, you may need to include these as assessable income when you ...lodge your tax return. Assessable government payments include: JobKeeper payments Supporting Apprentices and Trainees wage subsidy Fuel tax credits Wine equalisation tax producer rebate Check out our small business tax time essentials to learn more - visit www.ato.gov.au/SBsupport See more

18.01.2022 Whether youre looking for a comprehensive, start-to-finish, approach to your bookkeeping or you just need a little help getting back on your feet, Ruth Watson & Associates is here to help.

17.01.2022 Pound, Yen, Peso, Euro.. Are you an Australian resident for tax purposes who received income from overseas last financial year? Whether you were paid in... cash or earned interest from an overseas bank account, remember to include any foreign income in your tax return. For more info about what income you need to declare in your tax return, visit www.ato.gov.au//inc/income-you-must-declare/foreign-income

16.01.2022 Taxpayers are liable to penalties if they fail to meet the obligations contained in the various tax laws. Speak to us today to find out what your tax obligations are as an Australian or foreign resident.

15.01.2022 Our mission statement we ensure we follow everyday. You can always count on us to help you achieve the following four objectives!

15.01.2022 Call us on (03) 9530 4944 or email us at [email protected]

14.01.2022 What makes a property exempt from CGT? When is a property exempt from CGT? How many properties can be excempt from CGT? Call Ruth Watson & Associates to have all your Capital Gains Tax questions answered (03) 9530 4944

14.01.2022 From 1-10 (10 being very comfortable), how comfortable are you? Feel free to send us a private message with your answer. Wed love to help you improve your cash flow and get your business on the right track.

13.01.2022 You may be able to cut down on some of your expenses. Call us for a chat on (03) 9530 4944 or email us at [email protected]

13.01.2022 Looking to claim deductions this tax time? If youre unsure about claiming work-related expenses, remember the three golden rules: you must have spent the mon...ey yourself and not been reimbursed it must be directly related to earning your income you must have a record to prove it From travel and clothing to self-education and home office expenses, find more information at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

13.01.2022 For our business clients.

12.01.2022 Another scam to watch out for. If you get contacted by someone claiming to be the ATO, contact us and we can find out for you and liaise with the ATO for you.

12.01.2022 In times like these, it is more important than ever for you to stay connected with your clients and remind them that you are there to support them.

12.01.2022 Small businesses: Were here to help! We host free webinars where our specialists answer your questions on various essential business matters, such as Tax sup...port during the pandemic Business viability Digital options: online services and systems available to you What to do if you have to close your business. These sessions and more will be running throughout September. To view all of our topics and register for a session, go to www.ato.gov.au//Small-business-w/Small-business-webinars/

12.01.2022 Rental property owners should be aware of this

12.01.2022 Dont let unlodged tax returns cause you stress. Ruth Watson & Associates is here to help. Call us today to speak to one of our experienced team members (03) 9530 4944

11.01.2022 Its simple. Cloud accounting reduces or eliminates redundant, time-consuming work that is the bane of most businesses. It allows greater access to real-time data, increasing engagement with businesses financials and assists in making decisions. Contact us to get started today.

10.01.2022 Running your business from home? Whether it’s a unique part of your 2020 experience or the way you’ve always worked, you may be able to claim a deduction for ex...penses like: electricity cleaning costs internet cost of repairs to your business equipment mortgage interest or rent. In this video, Assistant Commissioner Andrew Watson runs you through the essentials of home-based business expenses. You can also read up on the finer details at https://www.ato.gov.au//Deductions-for-home-based-busines/

09.01.2022 Are you earning extra income through a sharing economy platform by: providing ride-sourcing services? renting out a room on a short-term basis? sharing y...our personal belongings? providing personal services like delivering parcels? The info you report in your tax return (for example, business income, salary and wages or other income) can depend on what you do Read our guides for different sharing economy activities to learn more visit www.ato.gov.au/General/The-sharing-economy-and-tax/

09.01.2022 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

09.01.2022 Have health insurance? Remember your health insurer is no longer required to send you a private health insurance statement. Instead, theyll let us know and we...ll automatically include it in your tax return by the end of July. Check if your health fund information has already been pre-filled in your tax return at www.ato.gov.au//Lodging-/In-detail/Pre-fill-availability/

08.01.2022 https://www.facebook.com/191094590911195/posts/3544057645614856/?sfnsn=mo

08.01.2022 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

08.01.2022 Thinking of buying a brand new house or apartment? You may have tax obligations to keep in mind. Your conveyancer, solicitor or registered agent can help, but i...ts a good idea to stay in the know. Read up on the settlement process and watch our video at www.ato.gov.au//in-detail/you/property/gst-at-settlement/

06.01.2022 Your break-even point is key to understanding your businesss profitability, and knowing the numbers is essential for learning about your company and planning for the future.

06.01.2022 Stage 4 means our office is working remotely. Pls dont call the office - email [email protected] . We value you & are here for you. Stay safe & well.Stage 4 means our office is working remotely. Pls dont call the office - email [email protected] . We value you & are here for you. Stay safe & well.

05.01.2022 ATTENTION VICTORIAN BUSINESS OWNERS, Ruth recommends you register and make time for this masterclass webinar.

05.01.2022 https://www.facebook.com/191094590911195/posts/3581214255232528/?sfnsn=mo

03.01.2022 Some of our payments are taxable. This means you might need us to take tax out of your payment to avoid a debt with the Australian Taxation Office at the end of... each financial year. If youre unsure how much tax you need to pay, you can use the tools on the Australia Taxation Office website to help you: https://www.ato.gov.au/Calculators-and-tools/ To find out more about setting up a tax deduction on your income support payment, watch the video below or theres more information here: www.servicesaustralia.gov.au/taxonapayment

02.01.2022 Do you want to boost your tax refund and leave more of your rental income in your pocket? You can claim a wide range of running and management expenses such as council rates, bank charges, cleaning, gardening and repairs, against your investment property income. For more information call us on (03) 9530 4944

02.01.2022 If you purchased a rental property after 1 July 2017, your deductions could look a little bit different this tax time. If you decided to go with a second-hand ...option when you replaced the blinds and dishwasher, you may no longer be able to claim a deduction. Instead, these items will be taken into consideration when you sell the property down the track. For more information on how this could apply to you, go to www.ato.gov.au//Resident/Rental-expenses-you-can-t-claim/ See more

02.01.2022 Employers: The final JobKeeper payment will be processed this month! You don’t have to do anything after JobKeeper ends, but don’t forget to complete your final... monthly business declaration before 14 April If you still need assistance, you may be eligible for other help. See www.ato.gov.au//COVI/Support-for-businesses-and-employers/

02.01.2022 An important question to ask yourselves: Do I have a strategy in place? Not sure where to start? Talk to us today (03) 9530 4944

01.01.2022 You dont have to! Speak to our tax experts and let us do all the hard work for you. Maximum refund guarantee. Get in touch today!

01.01.2022 If you have a higher income this year, you may want to make more charitable deductions by the end of the year to put yourself in a lower tax bracket.

21.12.2021 As your Tax Agent, we can check and update your ABR record for your ABN details. Please call our office or email us if you would like us to check or update your info