STA Accountants in Busselton, Western Australia | Accountant

STA Accountants

Locality: Busselton, Western Australia

Phone: +61 8 9754 4144

Address: 4 Fairbairn Road 6280 Busselton, WA, Australia

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

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• Tax preparation service
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• Financial service

25.01.2022 *** I M P O R T A N T C H A N G E *** From the end of March 2020, you'll no longer be able to use AUSkey to login and manage your business account. There will be a new, simple, secure and flexible way to access the ATO's online services called MyGovID and RAM (Relationship Authorisation Manager). Check it out at https://www.ato.gov.au//Use-myGovID-to-log-into-the-Busin/ and get started on setting up your new access to the Business Portal.

24.01.2022 It has been a busy 5 months at STA with the expansion of our team! We are pleased to announce that the practices of Harvey & Partners and Lindsay Reynolds joined STA on 1st July and have hit the ground running. We welcome Marilyn Royer, Lynn Francis, Rhiana Coombs and Rajni Trehan. Melissa Lee also joined us as our new receptionist in July and is an integral part of the front office team joining Julie and Natasha.

24.01.2022 Can I claim motor vehicle travel when I pick up the mail on the way home from work? Or what if I attend client meetings on the way to work? Is that tax deductible? Here we explore some scenarios where motor vehicle travel constitutes as a deduction between home and work and between different workplaces.

24.01.2022 In light of recent events and the significant challenges posed by the spread of the coronavirus, the Australian government has moved quickly to put in place a $17.6 billion economic plan to keep Australians in jobs, keep businesses in businesses and support households What does this mean for you? Businesses (with a turnover less than $50 million) that employ staff between 1 January 2020 and 30 June 2020 will receive payments equal to 50% of the amount withheld, up to a maxi...mum payment of $25,000. Eligible businesses will receive a minimum payment of $2,000 even if they are not required to withhold tax. A credit will be deducted (and where necessary a refund remitted) from your March 2020 and June 2020 BASs based on the PAYG withheld in those BASs. From 12 March 2020, the instant asset write off threshold has increased from $30,000 to $150,000 (for businesses with a turnover less than $500 million) until 30 June 2020. For assets exceeding $150,000, 50% of the cost can be claimed as a deduction in the year or purchase and the balance then depreciated as normal in the following years. Eligible employers can apply for a wage subsidy of 50% of the apprentices or trainees wage for up to 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice. Employers will be able to register for the subsidy from early April 2020. A one-off $750 tax free stimulus payment will be provided to pensioners, social security, veteran and other income support recipients and eligible concession card holders. Payments will commence automatically from 31 March 2020 to mid April. For further information on the Australian Governments Economic Response to Coronavirus visit: https://treasury.gov.au//Fact_sheet-Assistance_for_busines https://treasury.gov.au//Fact_sheet-Support_for_business_i https://treasury.gov.au//fact_sheet_3_individuals_-_revise https://treasury.gov.au//Fact_sheet-Assistance_for_regions

23.01.2022 **Superannuation Amnesty Reminder** We previously advised on the proposed amnesty for underpayment of the superannuation guarantee for employees. The Bill is now before parliament and will hopefully be passed in the next 2 weeks. For further clarification on what the amnesty means for you please click on the link below:... http://staaccountants.com.au/superannuation-amnesty-remind/

23.01.2022 http://staaccountants.com.au/jobkeeper-my-business-meets-t/

22.01.2022 **ATO Covid-19 Assistance** The ATO has now indicated a flexible approach in the way it will handle taxpayers' affairs over the coming months. Options available to assist businesses impacted by Covid-19 include: 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... Allowing 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. Please make note of the following: * Employers will still need to meet their ongoing super guarantee obligations for their employees. * Assistance measures will not automatically be implemented. Anyone impacted by Covid-19 is advised to contact the ATO directly to request assistance on their Emergency Support Infoline 1800 806 218. For more information visit https://www.ato.gov.au//Support-measures-to-assist-those-/

22.01.2022 You don't necessarily need receipts for work related deductions up to $300 but you MUST have actually spent the money, and be able to show how you worked out the deduction.

21.01.2022 A New post (Fodder Storage Assets) has been published on STA Accountants - Accounting and Taxation specialists Busselton and Margaret River WA - http://staaccountants.com.au/fodder-storage-assets/

20.01.2022 http://staaccountants.com.au/taxable-payments-annual-report/

19.01.2022 Check out the latest news from the ATO through their newsroom online - including the increase and extension of the instant asset write-off threshold to $30,000 for small business! https://www.ato.gov.au/Newsroom/smallbusiness/

19.01.2022 Single Touch Payroll (STP) is nearly here! Please read the link below to ensure you are ready for 1st July 2019. http://staaccountants.com.au/getting-ready-for-stp-single-/

18.01.2022 On behalf of the entire team at STA Accountants we'd like to thank you for your ongoing support and to wish you and your family a very Merry Christmas and Happy New Year. Our office will be closed for the Holiday Season from 5:00pm Thursday 19th December 2019 and will reopen 8:30am Monday 6th January 2020. Enjoy the festive season and we look forward to continuing to support your financial success in the new year.... All the best! The team at STA Accountants

18.01.2022 http://staaccountants.com.au/superannuation-guarantee-amn/

18.01.2022 Does the festive season leave you feeling stressed and out of pocket? Try some of these 12 money tips to help you enjoy the holiday season without breaking the bank! https://www.moneysmart.gov.au//news/12-money-tips-for-chri

15.01.2022 The Government's $130 billion JobKeeper scheme - the largest financial lifeline package in Australia's history - has just been passed with the support of both sides of Parliament. Follow our link below for some of the key points of what the package is offering. http://staaccountants.com.au/update-on-jobkeeper-payment/

15.01.2022 A New post (Casual Workers Right to Part-Time or Full-Time Employment) has been published on STA Accountants - Accounting and Taxation specialists Busselton and Margaret River WA - http://staaccountants.com.au/790-2/

14.01.2022 An employer is required to pay super on Ordinary Time Earnings (OTE) - what employees earn for their ordinary hours of work. This includes payment of annual leave (for current employees on leave) and annual leave loading. However annual leave loading that relates to a lost opportunity to work overtime, is not considered OTE and is excluded from the super guarantee. https://www.ato.gov.au//Ordinary-time-earnings---annual-l/

13.01.2022 Client Newsletter from STA Accountants - Autumn Edition - https://mailchi.mp//seasons-greetings-newsletter-from-sta-

12.01.2022 A New post (The shared economy and how this may affect you) has been published on STA Accountants - Accounting and Taxation specialists Busselton and Margaret River WA - http://staaccountants.com.au/the-shared-economy-and-how-th/

12.01.2022 http://staaccountants.com.au/superannuation-guarantee-are-/

11.01.2022 Businesses: Enrolled for the JobKeeper Payment and identified your eligible employees? You’ll need to make a monthly business declaration between the 1st and 14...th day of each month to be reimbursed for employees you’ve 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/

11.01.2022 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/

10.01.2022 A New post (Single Touch Payroll Update) has been published on STA Accountants - Accounting and Taxation specialists Busselton and Margaret River WA - http://staaccountants.com.au/single-touch-payroll-update/

09.01.2022 Congratulations to our clients, Stuart and Michelle McCormack, on the recent visit to their farm by world renowned chef Curtis Stone and for the well deserved recognition of their quality beef. As well as a lot of hard work and years of knowledge and acumen passed on from Stuarts parents, Andrew and Margaret McCormack, their business success comes from a strong focus on farm budgeting and financial management utilising Xero and Figured as their main tools.

08.01.2022 **Coronavirus Measures - Boosting Cash Flow for Employers** As announced on 22 March, the government is now providing up to $100,000 to eligible small and medium sized businesses and not-for-profits (including charities) that employ people, with a minimum payment of $20,000, payable in stages. These payments will help business and not-for-profit cash flow so they can keep operating, pay their bills and retain staff. Small and medium sized business entities with aggregated ann...Continue reading

07.01.2022 **Job Keeper Checklist** Enrolment for the Jobkeeper Payment is now available! This must be done on the business portal via MyGovID (unless you are a sole trader.) If you do not have access to this then you may require us to enrol on your behalf and also complete the ongoing monthly reporting requirements of Job Keeper. If you do require us to enrol on your behalf, we will require you to complete a Job Keeper Checklist. See our link below http://staaccountants.com.au//2/04/JobKeeper-Checklist.pdf

05.01.2022 http://staaccountants.com.au/work-related-expenses-deducti/

05.01.2022 From 1 July 2019 all businesses with employees must be compliant with Single Touch Payroll (STP). This is a system mandated by the ATO which requires businesses to report each pay runs information (wages, payg-withholding tax & super) direct to the ATO using Standard Business Reporting (SBR). So businesses will have to ensure their software is up to date and STP compliant. There is now a range of simple low-cost STP solutions available on the market that will best suit busi...ness with 1-4 employees (micro employers) who do not currently have payroll software. As requested by the ATO, these products need to be affordable (less than $10/month), take only minutes to complete each pay period and not require the employer to maintain the software (eg. Mobile apps). Please refer to the link below for a list of software providers including Xero https://www.ato.gov.au//low-cost-single-touch-payroll-sol/

05.01.2022 Check out the small business website which has a good summary of the packages available and some useful resources to assist during the coronavirus pandemic. https://www.smallbusiness.wa.gov.au//coronavirus-stimulus-

05.01.2022 STA Accountants is now a Xero gold partner! Find out why over 2 million+ subscribers love Xero and how they are growing their business with a little help from Xero's accounting software... https://www.xero.com/au/

04.01.2022 ** COVID-19 2ND STIMULUS PACKAGE ** The Government released the second stage of its economic plan last Sunday to help keep Australians in work and businesses in business. This package includes: 1. Coronavirus supplement...Continue reading

04.01.2022 Are you using your ABN? Not keeping lodgements up to date is a key indication that a business is no longer operating. ABNs which are not being used will soon be cancelled. To help get this right, the ATO will use information from your tax return, other lodgements and third party information

04.01.2022 Understand workplace rights and obligations during the outbreak of coronavirus. Visit http://staaccountants.com.au/rights-of-employees-and-oblig/

04.01.2022 ** JobKeeper Payment ** Please find attached two fact sheets regarding the $,1,500 JobKeeper Payment announced by the Federal Government on 30 March 2020. In the fact sheets there are links to the ATO website where eligible employers can apply. We understand that the ATO will soon provide more guidelines in relation to this and that the legislation is currently being drafted. In summary this is what we know to date:...Continue reading

03.01.2022 IMPORTANT ANNOUNCEMENT Our telephone communication issue has been resolved! Please continue to contact us on the office number 97544144. We apologise for any inconvenience and appreciate your cooperation.

03.01.2022 On April 7, the Government announced new commercial rental waivers and deferrals for tenants that have been severely impacted by the coronavirus crisis. Check out our link below for information on a range of measures to help renters. http://staaccountants.com.au/national-cabinet-mandatory-co/