Number Nerds in Gold Coast, Queensland | Tax preparation service

Number Nerds

Locality: Gold Coast, Queensland

Phone: +61 402 889 663

Address: 24 Evergreen Dr 4221 Gold Coast, QLD, Australia

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

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25.01.2022 Use your book smarts to get loan smart If you have a study or training loan, make sure you’re aware of when your student loan repayment obligations kick in. ... New minimum income thresholds come into effect each financial year learn more at www.ato.gov.au//study-and-training-/compulsory-repayments/

25.01.2022 https://www.myob.com//bl/accountant-summary-jobkeeper-2-0/

24.01.2022 Do you know your tax myths from tax facts? Test your working-from-home knowledge below as we set the record straight. Myth: If I use the shortcut method, I ...can claim 80 cents per work hour plus other equipment (that costs $300 or less) to use when working from home. Fact: Under the shortcut method you can only claim 80 cents per work hour. This method covers all deductible expenses, including office furniture and technology. You can’t claim any other working from home expenses on top. Myth: I can claim everything I bought to work from home (new laptop, desk, toilet paper, tea or coffee and my kids’ education supplies). Fact: There are three methods you can use to calculate your working from home expenses. You can choose the method that will give you the best outcome but you must meet the eligibility and record keeping requirements. You cannot claim items such as toilet paper, tea, coffee or your kids’ education costs, these are private expenses. Myth: I can’t claim my working from home running expenses, even though I share the costs with my housemate because the bills aren’t in my name. Fact: Under the shortcut method multiple eligible taxpayers working from the same home can each claim 80 cents per work hour, even if the utility bill isn’t in your name. Find out more about working from home expenses @ ato.gov.au/home

23.01.2022 Employers: Have you experienced a decline in turnover and not enrolled for the JobKeeper Payment? The good news is you might now be eligible and you can still ...enrol. All you need to do is: 1. Enrol in the month you want to start claiming for 2. Identify your eligible employees 3. Make a monthly business declaration Find out more about the JobKeeper payments at https://www.ato.gov.au//JobKeeper---easier-to-understand/

23.01.2022 Employers: We’ve started processing payments for JobKeeper, so if you’ve enrolled, you’ll need to take the next step and identify and maintain your eligible emp...loyees to ensure you get reimbursed. Check out our video with tips on how to complete this step Sole trader? You’ll also need to take this step to ensure you get the payment. For more info, visit www.ato.gov.au/general/JobKeeper-Payment/

23.01.2022 Do you know the difference between myGov and myGovID? While they sound similar, they’re not the same. myGov is a secure way for individuals and sole traders ...to access our online services. If you’re a sole trader, you can apply for JobKeeper using myGov. myGovID is a smart device app you can use to prove your identity when accessing our online services like the Business Portal. Businesses and not-for-profits can apply for JobKeeper using the Business Portal. If you need help setting up myGovID, find answers to our top myGovID questions at www.mygovid.gov.au/need-help

22.01.2022 The Express Plus Medicare mobile app is being updated. If you use the Express Plus Medicare app, you can choose to update your app now, or before 23 May. After... 23 May, you’ll need to update the app to access Medicare. You’ll need to sign in using your myGov PIN. This may have been a different PIN with the previous app. You’ll already have a myGov PIN if you use another Express Plus Centrelink or Child Support app, or the jobactive Job Seeker app. For more info on how to set up the app, visit: servicesaustralia.gov.au//express/how-download-and-set-app

22.01.2022 Number Nerds now has 500 clients 3 years, no advertising Best compliment you can give us is a referralNumber Nerds now has 500 clients 3 years, no advertising Best compliment you can give us is a referral

22.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

21.01.2022 Don’t wait for us to contact you. Make your claim now online through myGov, even if your Centrelink record is not yet linked to your myGov account. Here’s how: ... 1. Sign in to your myGov account, select ‘Continue’ then select ‘I need a CRN’. 2. myGov will ask you some questions to establish your identity. You’ll need your identity documents and to answer some personal questions. 3. We’ll search for your Centrelink Customer Reference Number (CRN) or create one for you, if you don’t have one. 4. Your myGov account will automatically link to Centrelink. 5. Now you’re ready to claim a payment. To start, select ‘Make a claim’. If your myGov account is already linked to Centrelink, you're ready to make a claim.

19.01.2022 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, y...ou’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 www.ato.gov.au//In-detail/Boosting-cash-flow-for-employers/

18.01.2022 Attention rental property owners: If you’re not sure what you can claim in your tax return, we’re here to help you get it right! Check out our brand new 2020 ...rental properties guide for up-to-date explanations, examples and tips to help you get your rental income and deductions right. For more info and to read the guide, visit www.ato.gov.au//In-de/Publications/Rental-properties-2020/ See more

17.01.2022 Businesses: If you’re still assessing your eligibility for the JobKeeper Payment, there’s time to enrol and claim for the JobKeeper fortnights in April and May.... Make sure you: Enrol by 6pm AEST this Sunday 31 May Meet all the eligibility requirements Pay your employees by the appropriate date for that fortnight Check out our videos to help you complete each step: www.ato.gov.au//JobKeeper---easier-to-understand-informa/

17.01.2022 Reminder: It’s better to wait until mid-July for the information from your Centrelink payment summary to be prefilled in the ATO’s myTax system. Waiting will m...ake sure your tax return is as accurate as possible and make it easier to lodge. Otherwise you may have to amend your tax return. If you need your payment summary urgently, it’s available now in your Centrelink online account through myGov or via the Express Plus Centrelink mobile app. Some other things to be aware of: If you get the Coronavirus Supplement, you won’t see it listed separately on your payment summary it’s included in the total of the payment you got it with, such as JobSeeker Payment. Non-taxable paymentslike Family Tax Benefit, Child Care Subsidy, Carer Allowance and the Economic Support Paymentwon’t appear in your payment summary. You won’t get a payment summary if you only got these payments from us. To check if your payment is included on the Centrelink payment summary, visit: servicesaustralia.gov.au/paymentsummary

16.01.2022 Through fires, floods, droughts and the COVID-19 pandemic, the Australian community has endured a lot this past year. In the latest edition of our podcast, Assi...stant Commissioner Adam O’Grady talks with Gavin Swan from Absolute Accounting Services to explain how the events of 2020 may affect your tax return. Have a listen to learn about reconstructing records, claiming deductions on your charitable donations, information about JobKeeper and JobSeeker payments at tax time, plus tips to get your refund quicker! Check it out at www.ato.gov.au//Video-and-audi/ATO-podcast---Tax-inVoice/

16.01.2022 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/

15.01.2022 It's a new financial year. We’ve noticed people asking about certain payments. Are they taxable? What's required for tax purposes or income estimates? We’ve put... together the following list to help everyone understand a few of these payments. $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. 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. 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. 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 .

14.01.2022 Working from home? We’ve introduced a temporary shortcut method to help you easily calculate these expenses with minimal record keeping requirements. If you ...plan to claim working-from-home expenses this tax time, you’ll need to make sure you’re eligible and you have the right records to back-up your claims Find out more at www.ato.gov.au//deductions-you-can-c/home-office-expenses/ See more

13.01.2022 Are you one of 600,000 small employers reporting through Single Touch Payroll (STP)? If you’ve just started reporting and you’re using cloud-based software, it...’s important that you provide us with your new software ID (SSID) so we can authenticate your information. We’ll need it to receive your STP data. Your software provider should provide you with your SSID when you get STP reporting set up. Read up on the ABCs of your SSID at www.ato.gov.au//Notifying-the-ATO-of-your-software-service

13.01.2022 Next week we start paying the $550 Coronavirus Supplement and we’d like to share some information about when you’ll start seeing this payment. You’ll only star...t receiving this with your fortnightly payment once you’ve reported income for the period that covers 27 April or after. For example, if you're due to receive your next payment on 27 April, the reporting period will cover up to 26 April. This means the Coronavirus Supplement won’t be included in this payment cycle. If eligible, we’ll pay the supplement with your next fortnightly payment. If you’re eligible to get the Coronavirus Supplement we’ll continue to pay you the supplement each fortnight for a period of 6 months from 27 April. To get the full supplement each fortnight you must get at least $1 of your payment for that fortnight. The supplement will not appear in your future payments until 26 April onwards. If you get an eligible payment, you don’t need to call or do anything - we’ll pay you automatically. You can find more information here: https://www.servicesaustralia.gov.au//coronavirus-supplem/

13.01.2022 Hospitals Local fire and rescue City councils What do they all have in common? Your ABN!... From COVID-19 to bushfire responses, your ABN info is used by over 300 government agencies each year to provide important community services. Make sure yours is up to date at https://abr.gov.au//Updating-or-c/Update-your-ABN-details/

13.01.2022 Businesses: The increased instant asset write-off has been extended to 31 December 2020! This means that eligible businesses can continue to invest in assets that cost less than $150,000 each Check out what you can claim at www.ato.gov.au//Simpler-depreciat/Instant-asset-write-off/

13.01.2022 We’re pleased to report that our online services are performing well. If you had issues accessing our systems this week, we apologise for any inconvenience.

11.01.2022 Don’t forget, there’s only two weeks left to lodge - your tax return’s due 2 November! 31 October falls on a weekend this year, so you technically have until m...idnight the following Monday. Don’t leave it til the last minute though - lodge online using myTax before the due date or contact your registered tax agent by 31 October! If you’re not sure how to get started, we have tools like live chat, online calculators, and guides to help. For more info about lodging, visit www.ato.gov.au/Individuals/Lodging-your-tax-return

10.01.2022 Businesses: It’s time to make your next monthly business declaration for JobKeeper payments You have from the 1st to the 14th of each month, to claim payments... made to your employees in the previous month. The sooner this declaration is made, the sooner you will be reimbursed. For more info, visit www.ato.gov.au//Employers/Enrol-for-the-JobKeeper-payment/

10.01.2022 Calling all teachers! It’s time to study your tax deductions so you can get an A+ on your return. See our cheat sheet of what you can and can’t claim: You can... claim working from home expenses. You can’t claim the cost of gifts you buy for your students or any time you pay for their personal expenses (e.g. their lunch, excursion fees or school books). You can claim self-education expenses if the course relates directly to your current job. You can’t claim a deduction if your study is only related in a general way to your job, or is designed to help you get a new one. You can claim a deduction when you drive between alternate workplaces for the same employer on the same day (e.g. from your school to another school to supervise an exam). Want to learn more? Check out www.ato.gov.au//Teacher-and-education-professionals---inc/

10.01.2022 If you get JobSeeker Payment or Youth Allowance as a job seeker you can now earn up to $300 a fortnight before your payment is affected. Your payment will redu...ce by 60 cents for every dollar you earn above $300. This means, if you’re single with no children, you can now earn $1,257.50 a fortnight before your JobSeeker Payment reduces to $0. More information: www.servicesaustralia.gov.au//income-and-asset/income-test

09.01.2022 Are you earning extra income through a sharing economy platform by: providing ride-sourcing services? renting out a room on a short-term basis? sharing y...our personal belongings? providing personal services like delivering parcels? The info you report in your tax return (for example, business income, salary and wages or other income) can depend on what you do Read our guides for different sharing economy activities to learn more visit www.ato.gov.au/General/The-sharing-economy-and-tax/

08.01.2022 Employers: The due date to meet the eligibility criteria for April’s JobKeeper payment is almost here! You have until midnight tomorrow, 8 May, to have paid the... minimum $1,500 to your eligible employees for the JobKeeper fortnights 30 March-12 April and 13 April-26 April. We’ve started processing payments, so if you’ve completed all the steps and meet the eligibility requirements, you should receive your reimbursement within 14 days. If you haven’t completed all the steps, we’ll be in touch. Find out more at www.ato.gov.au/general/JobKeeper-Payment/

08.01.2022 Employers: We've extended due dates for JobKeeper payment enrolments to help you finalise your preparations. If you need some extra time, you’ll now have until:... 8 May to make sure your eligible employees have been paid a minimum of $1,500 (before tax) for each JobKeeper fortnight in April and 31 May to enrol for April payments for your employees. You’ll also need to meet certain criteria to be eligible for JobKeeper payments - for more info, visit www.ato.gov.au/general/JobKeeper-Payment

08.01.2022 Businesses: Did you take advantage of the extended 31 May due date to enrol for April and May JobKeeper payments? Don’t forget to take the next step - you’ll ne...ed to complete the business monthly declaration for May payments by 14 June to be reimbursed! Find out how to complete the JobKeeper business monthly declaration step at www.ato.gov.au//Employers/Enrol-for-the-JobKeeper-payment/

08.01.2022 We’ve made some changes to make it easier for you to claim a Centrelink payment. Don’t wait for us to contact you. Make your claim now online through myGov, ev...en if your Centrelink record is not yet linked to your myGov account. Here’s how: 1. Sign in to your myGov account, select ‘Continue’ then select ‘I need a CRN’. 2. myGov will ask you some questions to establish your identity. You’ll need your identity documents and to answer some personal questions. 3. We’ll search for your Centrelink Customer Reference Number (CRN) or create one for you, if you don’t have one. 4. Your myGov account will automatically link to Centrelink. 5. Now you’re ready to claim a payment. To start, select ‘Make a claim’. If your myGov account is already linked to Centrelink, you're ready to make a claim.

06.01.2022 Curious about tax time and the Coronavirus Supplement? Let’s talk about it. The Coronavirus Supplement is a taxable payment. This means you may need us to take... tax out of your payment, to avoid a debt with the Australian Taxation Office at the end of the financial year. The Coronavirus Supplement won’t appear separately on your payment summary, it will be included in the total of the payment you received it with, such as JobSeeker Payment, Youth Allowance, Parenting Payment, ABSTUDY, Austudy or Farm Household Allowance. You can read more here: https://www.servicesaustralia.gov.au//coronavirus-suppleme

05.01.2022 Our online services will be unavailable from 11.30pm AEST Friday 19 June until 7am AEST Monday 22 June while we undertake essential system updates in preparatio...n for tax time. We thank you for your patience and apologise for the inconvenience. For more info and to subscribe to future system maintenance updates, visit www.ato.gov.au/General/Online-services/System-Maintenance/

04.01.2022 Enrolled for JobKeeper payments, but not sure what to do next? Here are some of the most common questions we’re being asked. What if I get it wrong? What shou...ld I do? If you can’t self-amend using our online services you can call us on 13 28 66, and we’ll help fix any genuine mistakes that have been made. We have checks in place and will follow up with employers if we need more info. I have enrolled what do I do next? Log into our online services, identify your employees (if any) and complete monthly a business declaration (when available through our systems). How long will I need to wait for the JobKeeper Payment once I’ve confirmed eligibility and completed the steps? We usually make payments within 4-6 days. Looking for more info? Check out www.ato.gov.au/JobKeeper

04.01.2022 Small to medium businesses could be eligible for $20,000 to $100,000 in cash flow support.

03.01.2022 Businesses: Thinking about nominating an eligible business participant for JobKeeper payments? Remember: You can only ever have one eligible business particip...ant; for example, only one partner in a partnership. If your eligible business participant leaves your business, you can’t nominate someone else. For more facts about eligible business participants, visit www.ato.gov.au//Eligible-business-participants-for-JobKeep