SprintTax in Bunbury, Western Australia | Accountant

SprintTax

Locality: Bunbury, Western Australia

Phone: +61 8 9780 7599

Address: Unit 1, 30 Wellington Street 6230 Bunbury, WA, Australia

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

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• Tax preparation service
• Accountant
• Financial service

25.01.2022 Did you know your Jobseeker payments are taxable income and should have tax withheld? Centrelink does not automatically withhold tax from these payments. However you can request to have tax withheld to avoid a potential tax debt. Details below... https://www.servicesaustralia.gov.au//paying-tax-cen/29651

24.01.2022 If your employer requires you to work from home, you may find that you're eligible to claim additional deductions in your tax return. We've attached a helpful guide from the ATO, and are happy to answer any questions you may have!

24.01.2022 We’ve seen a few people asking if certain payments are taxable and what is required for tax purposes or income estimates. We’ve put together the following list ...to help you understand just a few payments. JobSeeker Payment This payment is taxable. This means you: don’t need to report it as your fortnightly income as it’s part of your Centrelink payment need to include it in your family income estimate for FTB/CCS need to include as income in your tax return for 2019-20 financial year. $750 Economic Support Payment This payment is not taxable. This means you don’t include it: when you report your fortnightly income to receive your Centrelink payment in your family income estimate for FTB/CCS as income in your tax return for 2019-20 financial year. $550 Coronavirus Supplement This temporary payment is taxable. This means you: don’t need to report it as your fortnightly income as it’s part of your Centrelink payment need to include it in your family income estimate for FTB/CCS need to declare it as income in your tax return for 2019-20 financial year. $1,500 JobKeeper Payment This payment is taxable. This means you need to include it: when you report your fortnightly income to receive your Centrelink payment in your family income estimate for FTB/CCS as income in your tax return for 2019-20 financial year.

23.01.2022 SCAM ALERT Be on the lookout for a new text (SMS) scam, which exploits the recent natural disasters and falsely claims people are entitled to a tax bonus. ... Don’t click any links and don’t give out your bank details, even if it looks convincing. Remember we’ll never send a text asking you to access our online services via a link. Scammers try to take advantage of people when they’re vulnerable, and we’re doing what we can to shut these scammers down. Warn your friends and family, report any scams you receive, and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

23.01.2022 Some great up to date resources available from the ATO for specific industries. Are there any claims you are missing out on? Make an appointment with one of our friendly team and we'll answer the questions for you!

21.01.2022 Just a reminder we’re starting to pay the first $750 Economic Support Payment from today. It won’t necessarily be paid with your normal payment it could be an...y time from today until late April. You don’t need to call or do anything - if you’re eligible we’ll automatically pay you. If you recently registered your intention to claim a Centrelink payment we’ll assess your claim first and if you’re eligible you’ll get the Economic Support Payment. Find more information on eligible payments here: https://www.servicesaustralia.gov.au//750-one-economic-sup P.S. Please share with others you know who might be eligible so they don’t call us when they don’t need to.

21.01.2022 Working from home or streaming chewing up your internet? Many providers are offering extra data for free - check yours to see if you're eligible to get you through!

21.01.2022 We'll be taking a break over the Christmas holiday! Our last day in the office is Thursday 19th December and we will be back to assist you with all your tax needs from Monday 6th January. From the team at SprintTax, we wish you all fun and safe holiday and look forward to seeing you in the New Year!

18.01.2022 With the threat of COVID-19 all over the news and social media channels, we thought it is a fitting time to look at some of the financial assistance that may be available to you. As always, we are here to assist with any queries you may have! Please feel free to message us or call on 97807599. HOW THE ATO IS HELPING SMALL BUSINESS & INDIVIDUALS... https://www.ato.gov.au//In-de/Specific-disasters/COVID-19/ ECONOMIC/WELFARE SUPPORT PAYMENTS https://www.dss.gov.au/abo/covid-19-information-and-support FINANCIAL COUNSELLING & BUDGETING TOOLS https://moneysmart.gov.au/

18.01.2022 We’ve received a few questions from our community asking about donations to help those affected by Australian bushfires. You can check whether your donation is... going to a deductible gift recipient (DGR) by searching the Australian Business Register at www.abn.business.gov.au/Tools/DgrListing You can also find more info about donations on our website at www.ato.gov.au//Dedu/Other-deductions/Gifts-and-donations/

18.01.2022 Found yourself in need of extra financial support during this crisis? If you don't currently get an income support payment or have a Centrelink Reference Number (CRN), you will need to arrange one before receiving payments. Accounts can be set up online and identification verification done over the phone - so skip the long queues and stay home! https://www.heraldsun.com.au//23ce1b45ca09d11b7a7f6646c205

15.01.2022 July 24th is International Self-Care Day! We live in a world that is go, go, go and taking time for self-care may not always be easy, but doing something small each day, week or month is a good start. Self-care is different for all of us, so however you spend the day, taking time to care for yourself will go a long way towards improving your mental health.

11.01.2022 Rental property owners: Did you take out a loan to purchase your rental? You may be able to claim a deduction for interest charged on the loan, but only for ...the portion of interest that relates to your property. This means if you put some of the loan towards personal expenses such as a holiday you can’t claim the interest on that part of the loan. Watch our video for more info and examples, and find out more at www.ato.gov.au//Resident/Rental-expenses-you-can-claim-now See more

11.01.2022 With so many Australians working from home to reduce the risk of coronavirus, we’re making it easier to claim your expenses this tax time. From 1 March until 30... June 2020, we’re 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, you’ll 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/

08.01.2022 Stay Smart Online has heaps of great tips on internet safety - we think it's a worthy page to follow to keep all of your information safe and secure!

05.01.2022 Quick poll to see how you're tracking! Have you sorted your 2018-19 tax return yet? If you're lodging your own return, they are due this Thursday! If you plan on using tax agent, make sure you get in touch before the 31st of October!

03.01.2022 Approached by someone offering unusually cheap tax services or promising refunds that are too good to be true? Beware of unregistered preparers! Remember, only... a registered tax agent can charge a fee to prepare and lodge your tax return. Today an unregistered preparer from Sydney received a criminal conviction for dishonestly obtaining a financial advantage. Charging a $100 fee, he used the personal myGov credentials of 1,098 individuals to lodge tax returns on their behalf, redirecting some of the refunds into his own bank account. Find out more at www.ato.gov.au//Thieving-fake-tax-agent-stopped-by-the-ATO/

03.01.2022 Feeling charitable in the lead up to the festive season? Whether you’re digging deep to support your fave charity or dropping five bucks into a donation buck...et, hang onto those receipts! You might be able to claim a deduction next tax time. For your donation to be deductible, it must be for $2 or more and made to what’s called a ‘deductible gift recipient’ (DGR). Check the list of approved DGRs and read more about claiming gifts and donations at www.ato.gov.au//deduc/other-deductions/gifts-and-donations

02.01.2022 We’ve temporarily increased the JobSeeker Payment partner income test. From 27 April your partner can earn up to $3,068 per fortnight before their income stops ...your payment. Please be aware that the personal income test still applies. If your partner’s income is above $1,858.50 per fortnight and below $3,068.80 per fortnight, please wait until 27 April to submit your claim. If you’ve recently registered your intention to claim, submitted a claim for JobSeeker Payment or your claim was rejected, we’ll assess your claim with the higher partner income test after 27 April. You don’t need to contact us or submit your claim again.