STM Accounting Group in Croydon, Victoria, Australia | Business consultant

STM Accounting Group

Locality: Croydon, Victoria, Australia

Phone: +61 3 9879 8355

Address: Unit 6, 1 Sigma Drive 3136 Croydon, VIC, Australia

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

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• Business service
• Accountant
• Business consultant
• Financial planner

20.01.2022 This week, the Victorian Government announced a third round of support packages ensuring businesses impacted by coronavirus (COVID-19) restrictions continue to receive the support they need to make it through restricted trading.

18.01.2022 The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home.

17.01.2022 With yesterday's announcement on the new Stage 4 restrictions, we will be closing the doors to our office as of 5pm Wednesday. Rest assured, we are still open for business and working hard remotely to give you and your business everything you need to get through the next 6 weeks and beyond. With the office closure we are asking everyone who needs to drop off or collect documents to please do so before lunch time Wednesday. For the next 6 weeks, all information provided will need to be done so electronically, and all work sent out will be sent for electronic approval. Thanks for your understanding.

16.01.2022 Clarification on Cash vs Accrual testing basis released from the Deputy Commissioner at the Australian Taxation Office: Enrolling for JobKeeper payments? If you account for GST on a cash basis, you can use cash or accruals to calculate your GST turnover. If you currently use accruals to account for GST, we'd expect in most cases you'd continue to use this method. However, if you choose to use the cash basis, we may want to understand why the different approach is an appropriate reflection of turnover. Whichever calculation you use, you'll need to keep records to show how you worked it out and why this method was chosen.

14.01.2022 Manage your JobKeeper compliance. Monthly declarations of your current and projected GST turnover are due within fourteen days of the end of each relevant month. It’s important to ensure that you have paid eligible JobKeeper staff at least $1,500 during each JobKeeper fortnight. Read more...

14.01.2022 The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed. Here’s a summary of what you need to do to claim JobKeeper payments for April. If these conditions are not met, you might still qualify for JobKeeper payments later in the year. https://www.stmaccounting.com.au//a-simple-snapshot-for-e/

13.01.2022 JobKeeper cash v accruals. The ATO today updated their position on cash v accruals for JobKeeper - taking a much stauncher position. The ATO's latest comments on this are here. https://www.stmaccounting.com.au//jobkeeper-cash-v-accrua/

08.01.2022 A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn). To be a part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax). Click the link below to read more. https://www.stmaccounting.com.au//the-1500-jobkeeper-pack/

06.01.2022 With all the negativity going on in the world at the moment, it is important that we focus on the good. In light of this, we are excited to share some fantastic Xero news with you. As of today, every Xero user on a Xero Starter, Standard or Premium plan will have access to Hubdoc - an amazing Document Collection & Management Software solution. http://www.stmaccounting.com.au//new-xero-feature-availab/

06.01.2022 Facebook have announced a USD 100m grants programme to support businesses that may be experiencing disruptions resulting from the global outbreak of COVID-19. Find out if your business qualifies.

05.01.2022 Following the passage of legislation through Parliament we have produced a comprehensive guide to the COVID-19 Stimulus & Support Measures for clients. The guide covers the measures for: > business > individuals > superannuation... > compliance > financing support, and > The state and territory initiatives like payroll tax https://www.stmaccounting.com.au//COVID-19-Stimulus-and-su See more

01.01.2022 The Government yesterday released a second, far reaching $66.1bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. https://www.stmaccounting.com.au//the-second-661-bn-stimu/