The Navigator Network in Southport, Queensland | Financial planner

The Navigator Network

Locality: Southport, Queensland

Phone: +61 7 5597 0661

Address: 7 Cloyne Rd 4215 Southport, QLD, Australia

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

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• Tax preparation service
• Accountant
• Financial service
• Financial planner

25.01.2022 The Navigator Network wishes all clients, followers, staff, family and friends a Happy Upcoming Easter! May it be a safe and wonderful time spent with your nearest and dearest.

24.01.2022 Meet the team! Scott Bailey - B.Bus, CPA Taxation

23.01.2022 FBT Hot Spots With the Fringe Benefits Tax year just starting (1 April), businesses are now being urged to review their Fringe Benefits Tax (FBT) position. FBT liabilities can trap unwary businesses, some of whom don't recognise that there can be a tax consequence from providing benefits to staff such as entertainment.... If you would like to know more about FBT and whether it applies to you and your business please call the office on 07 5597 0661 or via direct message to read our Your Knowledge March 2020 Newsletter.

23.01.2022 Meet the team! Kurt Fitzgibbon Financial Planning

23.01.2022 From the ATO Business Newsroom Are you a sole trader? If you’ve had time off work due to sickness, injury, or leave, you can use your GST turnover for the first full month back at work to check if you meet the fall in turnover test for the JobKeeper payment.... For more information, visit https://www.ato.gov.au//In-de/Applying-the-turnover-test/

23.01.2022 HOW TO GET YOUR PAYROLL RIGHT A series of high-profile examples of businesses underpaying their employees has brought the need to get payroll right into sharp focus. Fair work states that employers need to record the annual wage arrangement in writing and give their employees a copy. These written arrangements must follow strict guidelines.... If you would like to know more and ensure your business complies please call the office on 07 5597 0661 or via direct message to read our Your Knowledge March 2020 Newsletter.

22.01.2022 From the ATO Business Newsroom Increased thresholds to support your business The government's new measures to help businesses withstand and recover from the economic affect of COVID-19 recently became law.... From 12 March 2020 businesses with an aggregated turnover of less than $500 million can access these two measures. 1. Enhancing the instant asset write-off: The threshold amount for each asset is $150,000 (up from $30,000). This applies to assets first used or installed ready for use from 12 March 2020 until 30 June 2020. Businesses can claim an immediate deduction (business portion only) for multiple assets, new or second hand, provided each asset costs less than $150,000. Other thresholds and turnovers apply before this date. 2. Backing business investment: Also known as accelerated depreciation, this measure lets you claim deductions on certain new depreciating assets at an accelerated rate. The asset must be a new depreciating asset that you acquired and first used or installed ready for business use from 12 March 2020 until 30 June 2021. Your business must not have already applied other depreciation deductions or the instant asset write-off to the asset. Remember, registered tax agents can help you with your tax.

21.01.2022 From the ATO Business Newsroom Cash flow boosts have started to be delivered to eligible business and not-for-profit organisations. If you’re looking to access the boost for your business, you’ll need to make sure you lodge your March 2020 monthly or quarterly activity statement.... For full details on eligibility criteria and how the boosts will be delivered, visit https://www.ato.gov.au//In-detail/Boosting-cash-flow-for/

21.01.2022 Did you know we issue two Newsletters a month containing helpful information, tips and guidelines regarding the ever changing tax laws etc? Contact our office today on 5597 0661 or via direct message and request to receive your monthly copies of Your Knowledge and Practice Update.

20.01.2022 New laws can make directors personally liable for GST The government recently passed new legislation designed to strengthen laws to "crack down on illegal phoenixing activity by dodgy business operators who try to avoid their obligations to their customers, employees and creditors." In particular, the changes allow the ATO to collect estimates of anticipated GST liabilities, and make company directors personally liable for their company’s GST liabilities in certain circumstan...ces (basically by including these liabilities in the director penalty notice regime). Importantly, the expansion of the director penalty notice regime to include GST liabilities will commence from 1 April 2020. If you would like to read more on this matter please contact our office on 5597 0661 or via direct message and ask for a copy of the Practice Update April 2020 Newsletter.

18.01.2022 Isolation Activities 26 WFH (Working from home) Tips While Self-Isolating During the COVID-19 Outbreak - by Healthline As the COVID-19 pandemic continues to spread across the world, you may find yourself in a work from home (WFH) situation. With the right effort, you can stay productive while taking care of yourself and your loved ones.... To a certain degree, everyone is in the same boat, but your situation is likely unfolding uniquely. Have compassion, understanding, and empathy for everyone involved. Self-isolation during the COVID-19 pandemic presents new challenges, but along with these challenges lies the opportunity for new perspectives to emerge. Going about your work life in a new way can lead to positive shifts and growth. This extraordinary situation allows you to rethink all areas of your life. Continue reading via the link below to learn how you can stay at the top of your professional game during these unprecedented times. https://www.healthline.com/health/working-from-home-tips

18.01.2022 From the ATO Business Newsroom Cash flow boost for employers From 28 April 2020, eligible businesses will receive a tax-free cash flow boost of between $20,000 and $100,000 through credits in the activity statement system, when they lodge all relevant activity statements. This is to help during the economic downturn associated with COVID-19.... You do not need to apply for the cash flow boost. All you need to do is lodge your upcoming activity statements. If your business is eligible, the credit will be automatically applied. It's important to know, even if you lodge early, you will not be credited the cash flow boost before 28 April 2020. For your business to be eligible, you must: - employ staff - have registered an ABN on 12 March 2020 or before, and your ABN continues to be active - have an aggregated annual turnover under $50 million (generally based on prior year turnover) - have made eligible payments you are required to withhold from (even if the amount you need to withhold is zero). We understand your business may be under significant pressure at this time. Remember, registered tax agents and BAS agents can help you with your tax.

13.01.2022 Isolation Activities How to Organise a Home Filing System in 7 Steps - By The Spruce The struggle is real: Managing important documents and paper clutter is the pits. That’s why it’s crucial to set up an easy, doable home filing system that you will actually usea personal filing system only works if you keep up with it!... https://www.thespruce.com/organizing-a-home-filing-system-2

13.01.2022 Business continuity and planning It could be months before the virus reaches its peak and an effective vaccine is not expected in the short-term. Business continuity planning is essential. If you would like to read our March 2020 Knowledge Shop Newsletter in full please contact our office on 07 5597 0661 or via a direct message and we will email you a copy immediately.

12.01.2022 To ensure our professional staff are always up to date with the ever changing tax laws and providing our clients with the most recent and accurate information our staff partake in regular seminars and training sessions. One of our senior Accountants, Scott Bailey, has been registered to attend the JobKeeper Subsidy Webinar taking place today. If you have any questions your would like answered in regards to the Subsidy please contact Scott on 07 5597 0661.

11.01.2022 ATO's support measures to assist those affected by COVID-19 The ATO will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak. If you would like to know which options are available to assist businesses impacted by COVID-19 please contact our office on 5597 0661 or via direct message and ask for a copy of the Practice Update April 2020 Newsletter.

10.01.2022 Meet the Team! Paul Gorrie BFA, FCPA, CFP Managing Director

09.01.2022 Isolation Activities Looking After your Mental Health in Isolation - by Haven Hub Social distancing means life looks very different now the way we see and speak to our loved ones has changed dramatically and without warning, as have our usual routines.... For many, this has meant a loss of business, jobs and income, and we are all dealing with fear, anxiety, boredom and frustration on a daily basis. Follow the link to read Haven's suggestion on getting you through. https://www.havenmagazine.com.au/looking-after-your-mental/

09.01.2022 Isolation Activities Aren't these so cute! Perfect for Easter which is just around the corner. https://www.muminthemadhouse.com/recycled-toilet-roll-east/

08.01.2022 New super guarantee amnesty On 6 March 2020, the government introduced a superannuation guarantee ('SG') amnesty. This amnesty allows employers to disclose and pay previously unpaid super guarantee charge ('SGC'), including nominal interest, that they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018, without incurring the administration component ($20 per employee per quarter) or Part 7 (double SGC) penalty.... In addition, payments of SGC made to the ATO after 24 May 2018 and before 7 September 2020 will be tax deductible. Employers who have already disclosed unpaid SGC to the ATO between 24 May 2018 and 6 March 2020 don’t need to apply or lodge again. Employers who come forward from 6 March 2020 need to apply for the amnesty. The ATO will continue to conduct reviews and audits to identify employers not paying their employees SG. If you would like to read more on this matter please contact our office on 5597 0661 or via direct message and ask for a copy of the Practice Update April 2020 Newsletter.

06.01.2022 New vacant land tax measures A new 'vacant land' measure limits the deductibility of costs incurred on or after 1 July 2019 (i.e., from the 2020 income year) that relate to holding vacant land, even if the land in question was first held before that date. Importantly, however, the new provisions include (amongst other exceptions) a 'carrying on a business' exception. This exception means that the limitations will not apply to the extent that the 'vacant land' is used, or ava...ilable for use in carrying on a business, including a business carried on by either the taxpayer (i.e., the owner of the land) or by a specified related entity. If you would like to read more on this matter please contact our office on 5597 0661 or via direct message and ask for a copy of the Practice Update April 2020 Newslatter.

01.01.2022 Isolation Activities Chocolate Easter Crackles - By The Organised Housewife This Chocolate Easter Crackle recipe adds a fun Easter twist on traditional chocolate crackle treats, and is easy enough to make with the kids too! ... https://theorganisedhousewife.com.au//chocolate-easter-cr/

01.01.2022 From the ATO Business Newsroom COVID-19: wages subsidy We understand many businesses may be concerned about retaining employees due to the economic impacts of COVID-19 (coronavirus).... To help employers, the government has introduced the JobKeeper Payment, delivered through the ATO. Here are the steps you need to take to get ready: Check if you, as an employer, and your nominated employees meet the eligibility requirements. Notify eligible employees that you (their employer) intend to participate in the JobKeeper scheme. Send your eligible employees the JobKeeper Employee Nomination Notice to complete and return to you. Confirm with eligible employees that they agree to you being the primary employer to receive JobKeeper payments. Keep the Employee Nomination Form on file for five years. Pay the minimum $1,500 to each eligible employee per JobKeeper fortnight. The first fortnight starts on 30 March and ends on 12 April. Alternatively, you can make one combined payment of $3,000 for the first two fortnights (paid by the end of April 2020). Enrol for JobKeeper from 20 April using the Business Portal and authenticate with myGovID. Subscribe to updates on the ATO website so we can let you know when new information is available. Sole traders and other businesses with self-employed individuals are eligible for the JobKeeper Payment for one business participant if their business has experienced a downturn. They will need to meet other eligibility criteria, like having an ABN on 12 March 2020. You can find out more about eligibility for sole traders through the ATO's JobKeeper Payment scheme page.