Gibbs Taxation & Accounting in Devonport, Tasmania | Financial service

Gibbs Taxation & Accounting

Locality: Devonport, Tasmania

Phone: +61 472 614 389

Address: Office 1, 16 Don Rd 7310 Devonport, TAS, Australia

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13.05.2022 COVID-19 Business Impact Support Program The COVID-19 Business Impact Support Program has been established to support Tasmanian businesses whose business operations have been impacted due to: critical staff being required to isolate or quarantine due to ... COVID-19, or being forced to close due to a Public Health Direction, or having suffered a significant reduction in demand, that has resulted in a reduction in turnover due to COVID-19 of 30% or more between 15 December 2021 and 14 January 2022 inclusive, compared to the same period in the previous year (15 December 2020 - 14 January 2021). Businesses must also demonstrate they have a COVID-19 Safety Plan, a completed COVID-19 Risk Assessment and where necessary, a COVID-19 Case and Outbreak Management Plan in place to be eligible. Grant funding will be determined based on the business’s annual turnover, defined as total sales (exclusive of GST), of goods and services to customers by the applicant for the period in the 2020-21 financial year. Grants will be tiered and available to eligible businesses based on: Business Annual Turnover 2020-21 (exclusive of GST) Grant funding available Impacted businesses with an annual turnover of $25 000 to $49 000 $1 000 Impacted businesses with an annual turnover of between $50 000 and $999 999 $2 000 Impacted businesses with an annual turnover of between $1 million and $2 999 999 $3 000 Impacted businesses with an annual turnover of between $3 million and $10 million $5 000 And, where a business purchased and lost perishable goods*. Claim for the cost of the perishable goods up to a value of $5 000 * Perishable goods are defined as - Food, that typically spoils within a relatively short amount of time, such as fruits, vegetables, meats, and dairy products and other perishable goods like flowers. How to apply Please read the guidelines and determine whether you are eligible to apply. Applications will open 2.00 pm Wednesday 19 January 2022. A link to apply will be available on this page at that time. The program is open until 2pm, 9 February 2022. https://www.business.tas.gov.au//covid-19_business_impact_

07.05.2022 Christmas/New Year Leave update: I will be taking annual leave from Monday 3rd of January 2022 through to Monday 10th of January 2022. Mobile and email messages will be intermittently checked throughout this time however my availability will be minimal. ... I would like to thank everyone for their understanding and wish a very happy New Year for all.

30.04.2022 Personal leave update: I will be taking leave from Thursday 2nd of December due to my wedding being held this Saturday, and plan to return from leave on Wednesday 8th of December. Mobile and email messages will be intermittently checked throughout this time however my availability will be minimal. ... I would like to thank everyone for their understanding and patience.

16.04.2022 Business Hardship - Border Closure Critical Support Grant On Friday 13 August the Tasmanian and Australian Governments announced a jointly funded $20 million Business Support Package. This grant program will be targeted at businesses operating in the tourism, hospitality, arts and events, seafood and transport (hire car, coach tours) sectors, and other business that are impacted by the lockdowns and border restrictions that are in place in other states.... Grants of between $2 000 and $10 000 will be provided to successful applicants. The amount of funding will be calculated by the Department of State Growth during the assessment process, using the information and evidence submitted by applicants, according to impact and size of the business by annual turnover. The support program will be available to businesses that have suffered a significant reduction in turnover as a direct result of lockdowns and border closures in other states, as a result of: A reduction in the number of visitors being able to travel to the Tasmania; and/or a reduction in the ability to provide, sell or import/export goods and services. The grant program will open on Tuesday 17 August, and will close on Thursday 16 September 2021, 2:00 pm. Further eligibility details will be available from Business Tasmania from 2:00pm Monday 16th of August 2021 by accessing the below link. https://www.business.tas.gov.au//border_closure_critical_s

25.01.2022 ECONOMIC RESPONSE TO THE CORONAVIRUS STIMULUS PACKAGE: STAGE 2 On 22 March 2020 the Government announced a second set of economic responses which, combined with previous actions, total $189 billion across the forward estimates. These actions provide timely support to affected workers, businesses and the broader community. As announced measures are in the development stage, for further information refer to the web links & relevant departments below: ...Continue reading

24.01.2022 Welcome to Gibbs Taxation & Accounting. This page is currently in the development stage with additional details to be added in the coming days. In the interim period, if there is anything that you wish to discuss, please feel free to make contact on 0472 614 389.

23.01.2022 Due to the Government’s recent announcement in relation to keeping children home from school where possible, our office is currently closed & I will continue working primarily from home in a remote capacity to ensure your taxation arrangements continue as smoothly as possible until restrictions are lifted by the Government. As you may need to drop off & collect paperwork to continue your current lodgement obligations, you can arrange to meet me at the office on an appointment... basis or contact me by phone or email & we can put a suitable arrangement in place. As always, please touch base with me if you require any additional information or support during this time. Sam Gibbs - Principal

19.01.2022 Due to the Governments recent announcement in relation to keeping children home from school where possible, our office is currently closed & I will continue working primarily from home in a remote capacity to ensure your taxation arrangements continue as smoothly as possible until restrictions are lifted by the Government. As you may need to drop off & collect paperwork to continue your current lodgement obligations, you can arrange to meet me at the office on an appointment... basis or contact me by phone or email & we can put a suitable arrangement in place. As always, please touch base with me if you require any additional information or support during this time. Sam Gibbs - Principal

18.01.2022 Do you need assistance? New measures outlined by The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. > Deferring by up to four months the payment date of amounts due through the business activity statement (including PAYG instalments), income tax assessments, fringe benefits tax assessments and excise... > Allow businesses on a quarterly reporting cycle to opt into monthly GST reporting in order to get quicker access to GST refunds they may be entitled to > Allowing businesses to vary Pay As You Go (PAYG) instalment amounts to zero for the March 2020 quarter. Businesses that vary their PAYG instalment to zero can also claim a refund for any instalments made for the September 2019 and December 2019 quarters > Remitting any interest and penalties, incurred on or after 23 January 2020, that have been applied to tax liabilities > Working with affected businesses to help them pay their existing and ongoing tax liabilities by allowing them to enter into low interest payment plans. If you are experiencing difficulties, get in touch today & discuss what options are available to you on 0472 614 389.

16.01.2022 On behalf of Gibbs Taxation & Accounting, I hope everyone has had a safe & happy holiday season. if you have not yet lodged your tax return or have other documents waiting to be completed, right now is a perfect time to get on top of your taxation & accounting affairs prior to the busy end of year season which is, as always, fast approaching. With prices starting from $100.00 for an individual tax return or you require a face-to-face no obligation appointment to discuss your... business requirements or just to have a quick phone discussion, please do not hesitate to contact me on: Phone: 0472 614 389 Email: [email protected] Office: Office 1, 16 Don Road (LJ Hooker Real Estate Building), Devonport TAS 7310 Sam Gibbs - Registered Tax Agent

16.01.2022 JobKeeper Stimulus Payment - Employers & Self Employed Individuals The Government has recently announced its intention to pass additional legislation to introduce a JobKeeper Stimulus Payment. As of 02/04/2020, the announced measures are not yet legislated & If legislation is enacted, support will be directed to employers to pass on to employees....Continue reading