RWK Accountancy Dunsborough in Dunsborough, Western Australia | Tax preparation service

RWK Accountancy Dunsborough

Locality: Dunsborough, Western Australia

Phone: +61 8 9755 3049

Address: 2/18 Griffin Dr 6281 Dunsborough, WA, Australia

Website: https://rwkaccountancy.com.au

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• Tax preparation service
• Accountant
• Financial service

25.01.2022 To further assist you with your questions and enquiries about what is claimable and what is not, reach out to our team and our friendly accountants will be ready to answer your concerns. Ask our team today: https://bit.ly/RWKAccountancyContactUs Send us a message: m.me/RWKAccountancyDunsborough

24.01.2022 If you are a small business with a turnover of less than $2 million, you satisfy the active asset test and meet a couple of other conditions, *BOOM* your may be eligible for Capital Gains Tax concessions. We don't mind saying - we are specialists in this area and welcome the opportunity to take a look at your business to see where you can benefit from this concession. Ask our team today: https://bit.ly/RWKAccountancyContactUs

23.01.2022 Watch and become informed on how you can gain access to the Division 7A relief, the reiterated rules for working from home deductions, and the extra eligibility criteria for Jobkeeper 2.0. Ask our team today: https://bit.ly/RWKAccountancyContactUs Send us a message: m.me/RWKAccountancyDunsborough... https://www.youtube.com/watch?v=cNntbWkOmMc&feature=youtu.be

21.01.2022 It's important to keep yourself updated. Here's a friendly reminder from the ATO about changes in rental deductions.

20.01.2022 "Two out of three businesses go broke in the first three years." Love watching Mythbusters? Let the RWK team debunk the myth by showing you data on how startups are doing during the first three years. With the help of the great team at BSW Connect - Business South West, we were able to produce this short video explaining that this myth is not true.... The survival rate of a business depends on strong business planning and implementations. Hear from our experts' advice on how to improve your business processes by reaching out either via direct message or calling our office. Do you need financial advice? m.me/RWKAccountancyDunsborough https://www.youtube.com/watch

19.01.2022 Your employee's super for the June quarter is not due until 28th July but if you have the cash, pay it now! If you don't pay the super, it isn't tax deductible until next year, even though it counts as an expense this year. To allow for processing of super payments through super clearing houses you will need to make payment ASAP so that contributions get to super funds by 30 June. The same is true for personal contributions, which are also a great deduction. Be sure to talk ...to your trusted advisor - or give us a call! We can help you to check your contribution caps, as there are special rules around how much you can deposit into super at the moment. Contact directly our Dunsborough team: 2/18 Griffin Drive, Dunsborough WA 6281 08 9755 3049 | [email protected] Reach out: https://bit.ly/RWKAccountancyContactUs

19.01.2022 JobTrainer provides a 50% reimbursement to eligible employers for the cost of apprentice or trainee wages up to $7,000 per quarter. Originally only for small businesses employing less than 20 employees, the subsidy recently expanded to include businesses with under 200 employees. Originally only for small businesses employing less than 20 employees, the subsidy was recently expanded to include businesses with under 200 employees. For small businesses (under 20 employees), the... apprentice has to be employed on 1 March 2020 or on 1 July 2020 for claims after this date (claims are open now). For medium-sized businesses (under 200 employees), the apprentice had to be employed on 1 July 2020 (claims open 1 October 2020). To access the subsidy, you will need to provide evidence of wages paid to the apprentice. The subsidy is also accessible to larger employers employing apprentices let go by a small/medium business where that apprentice was eligible for the wage subsidy. The subsidy is scheduled to end on 31 March 2021. If you have concerns or need further assistance: Ask our team today: https://bit.ly/RWKAccountancyContactUs Send us a message: m.me/RWKAccountancyDunsborough

18.01.2022 The August JobKeeper monthly business declaration is due by the 14th of September. This covers three JobKeeper fortnights. This is a reminder to employers that they need to declare all additional employees who could be eligible. They should also comply with the "one in, all in" to meet the nomination requirements. For any Jobkeeper enquiries or assistance, leave us a message or call our office to assist you further.

17.01.2022 Here's a quick overview about the JobKeeper extension. Completing all the requirement will avoid any delay in your application. To assist you in completing the documents and learning the process you may message our any of our team. Connect with any of our specialists today: https://bit.ly/RWKAccountancyContactUs... #RWKAccountancy #Dunsborough #jobkeeper #accounting

17.01.2022 Setting goals for your business gives direction, motivation and a clear way to measure progress. Ask yourself, how comprehensive are your business goals? Do you have time to revise them, or are you just too busy working? RWK Accountancy can review and help reset your existing business goals, ensuring they are SMART - specific, measurable, attainable, relevant and timely. For assistance: https://bit.ly/RWKAccountancyContactUs

15.01.2022 Your questions answered: "During lock down I have had to work from home. I’ve set up a full home office with paintings, plants, a desk, computer equipment, a water tower and a sculpture. I presume I can claim everything I have purchased for this office and claim part of my mortgage and running costs?" In general, home office expenses are designed for those who run their business out of home. If you are merely working from home and not running a business at home, then it’s unl...ikely you will be able to claim occupancy expenses such as mortgage interest or rent. Keep in mind that if you claim occupancy costs, this will impact on your access to the CGT main residence exemption. The water cooler is unlikely to be deductible as food and drink is considered to be private in nature. The items that beautify your office will generally only be deductible if they are displayed in open viewing areas in premises used for income producing purposes including reception areas, waiting rooms and foyers. If you are working from home and have set up a home office for this purpose, you can claim a deduction for your expenses based on the 80 cents per hour short cut method, the 52 cents per hour method (which excludes phone, internet, or the decline in value of equipment which are all claimed separately), or the actual method. Ask our team today: https://bit.ly/RWKAccountancyContactUs Send us a message: m.me/RWKAccountancyDunsborough

15.01.2022 Like all things accounting, there are compliance, costs and insurance requirements which carry heavy penalties if not adhered to. It's important to stay on top of these obligations. Let us help with this. Our "Super team" will ensure you cross all the t's and dot all the i's in terms of compliance. Ask our team today: https://bit.ly/RWKAccountancyContactUs

14.01.2022 Do you know how to avoid being scammed? Read on to find out some tips... Scammers impersonate ATO or government personnel trying their luck to trick you. They will try to reach out to you through email, phone call or SMS. Emailing you or messaging regarding a tax refund with a link is the most popular way to deceive people. On the bogus website, you will be asked to input your information or a virus will be downloaded on your computer.... Scammers have been operating for a long time, and as the world and technology evole, so do their tactics. Here are some points that you need to consider to quickly assess the situation. And remember, it's still best to contact ATO or your bank to verify any transactions before giving out your information.

13.01.2022 Are you trying to work out how you can continue to operate 'normally' during these uncertain times? We go over some points below that you should consider. A well-established business plan is needed more than ever. Business leaders should learn how to operate and stay resilient during these challenging times. Whether your business might be impacted or not, or whether you just started an online business or not, having a short or long term plan is critical. One part of your b...usiness plan is forecasting. Understand where you stand now Plan, review and adjust Understanding your cost structure Understand the external environment Go back to your historical data and compare it to how your business is operating now. By studying your supply chain, you can manage the risk and reward of your business. Staying afloat by controlling expenses and turning opportunities from challenges is what every business is doing in these trying times.

12.01.2022 When Rob was asked about his favourite quote, "It is what it is." Just like working with numbers, you can't simply override a figure without any necessary claim. Rob Koch, Director of RWK Accounting Dunsborough, has been working on financial numbers since 1983 in the Australian Taxation Office. After 16 years working in the corporate world, he heeded a different call: to help business leaders understand the numbers. This is also to empower them on how to use this informatio...n for critical business decisions. From a simple change of scenery to being an early cloud technology adopter, that's the dedication he has put into his business. If you think accounting is staid and boring, book an appointment with Rob and you'll see how valuable these numbers are in running your business. Do you need financial advice? m.me/RWKAccountancyDunsborough

09.01.2022 Much of the financial media is now correctly focused on what will happen to the economy and businesses when JobKeeper, debt relief from banks, and rent relief from some landlords all end about the same time for many businesses at the end of September. But a more critical question now is, what would your finances look like without the JobKeeper subsidy? Read more: https://bit.ly/RWKSurviveWithoutJobKeeper

06.01.2022 The know-how you need for reporting the different government stimulus payments received. The Australian Taxation Office gives a brief snapshot of what you could include in your tax return or not. For assistance: https://bit.ly/RWKAccountancyContactUs

04.01.2022 Do you know whether you should be paying tax on the grant you received from our WA Government? Income tax - Grants are likely to be taxable unless they are specifically excluded from tax. If the grant relates to your continuing business activities, then it is likely to be included in assessable income for income tax purposes. The position can be different in cases where the payment is made so that the entity can commence a new business or cease carrying on a business. ... Goods & Services Tax - Government grants are not generally subject to GST unless the grant is for a supply of something. The ATO has indicated that cashflow boost and JobKeeper payments are not subject to GST on the basis that they are not consideration for a supply. Normally, we look at whether the entity has to do something to obtain the payment / grant. This could include entering into an agreement to do something or to refrain from doing something. If neither applies, there will generally be no GST because no supply is or has been made. JobKeeper turnover calculations - If GST does not apply to the grant, then it should not be included in the decline in turnover test for the initial phase of JobKeeper or the GST turnover figures that are reported to the ATO on a monthly basis by entities that are participating in JobKeeper. The exception is the university sector where core Commonwealth Government financial assistance provided is included in the JobKeeper turnover tests. (source: Knowledgeshop.com.au)

04.01.2022 These figures show there are some green shoots emerging in our economy and that’s a positive sign. There’s a very long road, and plenty of hurdles to clear, but it’s encouraging to see small, medium family businesses slowly regaining some confidence,’’ ABA Chief Executive Anna Bligh said. Banks lending to small, medium, and family businesses is a key factor in helping the national economy recover. This is why Australian banks continue to provide opportunities by partnering w...ith the government and regulators. Supporting local businesses as a consumer means a lot in these challenging times. It will not only benefit the local economy but will also help boost Australia's economic future. Read more about this article: http://bit.ly/BoostsAustraliaEconomy Do you need financial advice? m.me/RWKAccountancyDunsborough

03.01.2022 First of all, what is JobMaker? JobMaker is a credit available to eligible businesses that have the capacity to hire new* employees (*not to replace someone who left). It is made available for the jobs created from October 7, 2020 until 6 October 2021. Here's the credit information: ... $200 per week for new employees between 16 to 29 years of age $100 a week for new employees between 30 to 35 years of age The payment is made from the start date of the employee for 12 months. Learn more about your and your employees' eligibility for this credit. Message us for advice. m.me/RWKAccountancyDunsborough#RWKAccountancy #Dunsborough #jobMaker #accounting

02.01.2022 You don’t want to run your business from a hand-written map written on the back of a soggy coaster, you need whiz bang, up to date information that will allow you to continue to make good business choices. For assistance: https://bit.ly/RWKAccountancyContactUs

01.01.2022 Be educated and do not be a victim! Tax scammers are aggressive during tax payment season. But not only that, they are also notorious for continuing to call someone when they even slightly feel that the person they've called might not be clued in to tax procedures and regulations. Keep yourself informed on how to handle scams through phone calls, emails or SMS. To report suspicious transactions: http://bit.ly/AvoidOrReportAScam

01.01.2022 Can the business get both JobKeeper and JobMaker credit? To answer the question: No. Only when your business exits JobKeeper and is no longer receiving JobKeeper payments for any employees or business participants, can, if eligible, start to receive JobMaker credits. The business is eligible for the hiring credit in the reporting period following your JobKeeper exit date. JobKeeper aims to protect jobs, while JobMakers aims to encourage startups or new businesses to grow by creating more jobs. These innovations are made to support local businesses on the road to recovery and growth.

01.01.2022 Xero tell us they work hard while keeping things simple and we tend to agree. Xero tells us they work hard while keeping things simple and we tend to agree. We use it to run in our different office locations and recommend it to all our clients. If you need more convincing, Canstar recently awarded Xero top spot in customer satisfaction for Business Accounting software for the fourth year in a row, beating MYOB and Quickbooks.... Learn more: https://bit.ly/RWKAccountancyStartABusiness

01.01.2022 In the 2020-21 Federal Budget, the Government announced that businesses with turnover under $5bn will be able to offset any losses made between 2019-20 and 2021-22 against previously taxed profits between 2018-19 and 2020-21. The loss carry-back rules enable a company to offset tax losses against profits taxed in a previous year, generating a refundable tax offset. The amount carried back can be no more than the earlier taxed profits, limiting the refund to the company’s tax... liabilities in the profitable years. The company can choose to carry-back a loss or carry it forward. That is, tax losses for the 2019-20, 2020-21 or 2021-22 income years can either be: Carried forward and deducted against income derived in later income years; or Carried back against income of earlier income years as far back as the 2018-19 income year to produce a refundable tax offset. Previously, tax losses could only be carried forward and deducted against income in later income years. This is not the first time that carry-back losses have been allowed. The loss carry-back rules were introduced some years ago by the Gillard government for the 2012-13 year, then repealed. Reach out to our team to understand more about carry-back losses: m.me/RWKAccountancyDunsborough #RWKAccountancy #Dunsborough #jobMaker #accounting

01.01.2022 RWK Accountancy opened its doors in 1999 with the ambition of becoming a valued partner to businesses and offering so much more than a tax return. Over 20 years and counting, we have worked alongside some of the most progressive and successful businesses in the South West, guiding them on their business and personal journey. We are a new world solution to an old school profession. You can trust to leave the numbers to us. Reach out to our team to learn more: m.me/RWKAccou...ntancyDunsborough #RWKAccountancy #Dunsborough #accounting

01.01.2022 Stimulating investment is high on the Government’s agenda. The 2020-21 Budget delivered a range of incentives for business to invest. If you would like us to review your position and the tax impact of any investments you are contemplating, please call us and we can assist you to get the best possible outcome. Reach out to our team to learn more: m.me/RWKAccountancyDunsborough #RWKAccountancy #Dunsborough #accounting