Trevor Wolff & Associates in Manly, Queensland | Tax preparation service

Trevor Wolff & Associates

Locality: Manly, Queensland

Phone: +61 7 3396 1025

Address: Unit 2, 17 Nirimba Street 4179 Manly, QLD, Australia

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

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

25.01.2022 Looking to claim deductions this tax time? If youre unsure about claiming work-related expenses, remember the three golden rules: you must have spent the mon...ey yourself and not been reimbursed it must be directly related to earning your income you must have a record to prove it From travel and clothing to self-education and home office expenses, find more information at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

24.01.2022 Employers: Have you experienced a decline in turnover and considering enrolling for JobKeeper payments? In order to be reimbursed for payments youve made to yo...ur employees throughout June, all youll need to do is: Enrol and identify your eligible employees by 30 June. Make a monthly business declaration between 1-14 July. Watch our video to find out how to enrol, or visit www.ato.gov.au/general/JobKeeper-Payment/

23.01.2022 Work in construction? Whether youre an apprentice, engineer, tradie or construction worker, check out our rivet-ing occupation guide to help you nail your ...tax return this year. From tools to travel, clothing to self-education expenses, find out what you may be able to claim at www.ato.gov.au//In/Occupation-and-industry-specific-guides

22.01.2022 Reminder: If you are a provider of child care services you are no longer eligible for JobKeeper payments from 20 July 2020. There are some steps youll need t...o take when you complete your next monthly business declarations to claim for JobKeeper payments until 19 July. For more information, visit https://www.ato.gov.au//JobKeeper-Payment/JobKeeper-guides/

22.01.2022 Whats better? Putting extra money into your mortgage or your super? Our new tool asks the questions to help you work it out.

22.01.2022 Small business owners have a lot to remember. To make it easier, weve set up a key dates tool in the ATO app. Use this feature to set reminders of your activi...ty statement due dates to help you conduct your tax affairs. Download the app today at https://ato.gov.au/app You can also subscribe to our Small business newsroom and get reminders of key due dates at https://www.ato.gov.au/Newsroom/smallbusiness/Key-dates!

21.01.2022 Some of our payments are taxable. This means you might need us to take tax out of your payment to avoid a debt with the Australian Taxation Office at the end of... each financial year. If youre unsure how much tax you need to pay, you can use the tools on the Australia Taxation Office website to help you: https://www.ato.gov.au/Calculators-and-tools/ To find out more about setting up a tax deduction on your income support payment, watch the video below or theres more information here: www.servicesaustralia.gov.au/taxonapayment

20.01.2022 Employers: Withholding rates for study and training support loans have changed for 2020-21! Its quick and easy to make sure youre withholding the right amount for your employees - use our updated tax tables or tax withheld calculator at www.ato.gov.au/Rates/Tax-tables

20.01.2022 Dont let your car expenses get away! You may be able to claim deductions if you use your own vehicle for work purposes. You can choose to claim using the cen...ts per kilometre method, or by keeping a logbook (and yes, theres still time to start!). Stay on top of your work-related trips using the myDeductions tool in our ATO app! Find more info at www.ato.gov.au///Vehicle-and-travel-expenses/Car-expenses/

20.01.2022 You may be experiencing some delays in accessing our online systems, we are aware of this and are working on it as a priority. Thank you for your patience.

19.01.2022 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 cant 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 cant claim my working from home running expenses, even though I share the costs with my housemate because the bills arent 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 isnt in your name. Find out more about working from home expenses @ ato.gov.au/home

19.01.2022 SCAM ALERT Watch out for scam text messages impersonating the Government with advice on testing for COVID-19. These messages try to trick you into install...ing software that steals your banking details. Delete and do not click the link! Read more https://www.staysmartonline.gov.au//covid-19-scam-messages and sign up to our free email Alert Service to keep up to date with the latest online threats www.staysmartonline.gov.au/alert-service.

19.01.2022 Selling property valued at $750,000 or more? Apply for a clearance certificate as early as possible in the sale process, as it can take up to 28 days for a cert...ificate to issue. Remember, if the clearance certificate isnt provided to the purchaser on or before settlement, theyre required to withhold 12.5% of the purchase price. Find out more at www.ato.gov.au//Capital-gains-withholding--Impacts-on-fo/

18.01.2022 As a Queensland business owner, are you Working COVID Safe? To make sure you are visit: https://bit.ly/3ejdBgk

17.01.2022 Calling all teachers! Its time to study your tax deductions so you can get an A+ on your return. See our cheat sheet of what you can and cant claim: You can... claim working from home expenses. You cant 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 cant 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/

17.01.2022 Trevor Wolff & Associates care about the safety of our people, clients and the wider community. As a precautionary measure to mitigate the spread of Coronavirus (COVID-19), we feel that social distancing will have an overall effect in reducing the impact of the virus. Where possible, staff will follow recommended protocols and minimise face to face contact with our clients and other visitors to our office. We ask clients to refrain from non-essential face to face meetings but... where possible to conduct these meetings by phone. We are contactable during business hours by telephone and on email and will use all endeavours available to us to minimise delays and disruptions during these unprecedented times. There is much uncertainly in the community at the moment however we appreciate your assistance in working with us to help slow the spread of the virus while completing your work. Please remember that we will continue to be here to assist you through these difficult times. Phone 07 33961025 Email - [email protected] See more

16.01.2022 Gearing up to lodge? Make sure your income statement is marked as tax ready before lodging. Most employers have until 31 July to finalise your income statemen...t, but well let you know when its ready through your myGov inbox. If you do lodge before your income statement is tax ready, you may need to amend your tax return and, in some cases, additional tax may be payable. You can lodge your tax return using myTax via myGov on any device, or using a registered tax agent. For more info, visit www.ato.gov.au//Working-as/Accessing-your-payment-summary/

15.01.2022 Deputy Commissioner Small Business Deborah Jenkins talks about some of the changes and support available for small businesses over the coming weeks in her lates...t video. These are unprecedented times, and were all concerned about how the spread of COVID-19 in Australia will affect our lives, and our livelihoods. We are in this together. If you or your clients are looking access the cash flow boost, you only need to lodge your activity statements - well update your account details automatically, so you dont need to phone to apply. For more detailed information on support available to you and your clients, visit www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

15.01.2022 Businesses: Have you ever dealt with a supplier that changed its company name and ABN, but kept its phone number, premises and staff? This could be a sign of i...llegal phoenix activity. Watch our video to hear David Koch explain what to look out for, and learn more at https://ato.gov.au/phoenix See more

14.01.2022 These past few months have been challenging for many small businesses and business owners. If you, or someone you know, has been affected by bushfires, drought ...or COVID-19, extra help is available Learn more about ways we can support your small business at www.ato.gov.au/individuals/dealing-with-disasters

14.01.2022 Last year, 99% of people who lodged online had their tax return (or refund!) processed within two weeks. Some lodgments require extra manual processing, par...ticularly if: the bank account details recorded in your return were updated during processing we need to check certain info with other government departments (e.g. Centrelink, Child Support or Family Assistance Office) you have an existing tax debt we need to verify the info youve provided If its going to take more than four weeks for us to finalise your return, well notify you. Find out more at www.ato.gov.au//l/tracking-your-refund-or-fixing-a-mistake

14.01.2022 Its a good idea to check your credit report every year to make sure it is correct. Find out how to get a copy of yours for free.

12.01.2022 Attention employers: the super guarantee amnesty is now available. Applications close 7 September 2020. If youve got a super score to settle, nows your cha...nce to do so without paying super guarantee charge fees or penalties. To be eligible: The unpaid super must relate to a quarter between 1 July 1992 and 31 March 2018 You must not have been informed we are examining your SG obligation for the period your disclosure relates to You must apply to us under the amnesty by using the correct form. Dont miss this one-time only opportunity to get on top of your super paperwork once and for all. Learn more at https://www.ato.gov.au//S/Superannuation-guarantee-amnesty

12.01.2022 Working from home? Weve 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, youll need to make sure youre 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

12.01.2022 Have a study or training loan? If you earn $45,881 or more this financial year, youll need to start making compulsory repayments and your employer c...an help! Let your employer know you have a study loan so they can withhold extra amounts to cover your repayments at tax time. Read more at www.ato.gov.au//Study-and-training-/Compulsory-repayments/

11.01.2022 Tax tip: Lodging your tax return gets easier at the end of July! From late July, a lot of your info will be automatically included into your tax return incl...uding income, bank interest, health fund details and government payments. All youll need to do is double-check the info, add anything thats missing, and youre done! The other good news is that if you have received JobKeeper payments as an employee you dont have do anything different. They will be included in your income statement. Learn more at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

11.01.2022 Feel like youre always scrambling to find your receipts when tax time rolls around? Do yourself a favour, and track your expenses using the myDeductions too...l in the ATO app. Just snap a photo, add a couple of details and your record keeping is complete! Avoid the last minute struggle and download the app today at www.ato.gov.au/General/Online-services/ATO-app/myDeductions

11.01.2022 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. ... Dont click any links and dont give out your bank details, even if it looks convincing. Remember well never send a text asking you to access our online services via a link. Scammers try to take advantage of people when theyre vulnerable, and were 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

09.01.2022 Know someone new to the workforce who needs a little tax or super support? Were here to help, with info to help them get started on their tax and super journey...! Learn: When and how to lodge a tax return What happens after you lodge What super is (and how to look after it!) How to link your myGov account to the ATO. For more info, visit www.ato.gov.au//Lodging-yo/In-detail/New-to-tax-and-super/

08.01.2022 Do you transport bulky tools or equipment for work? You may be able to claim a deduction for car expenses this tax time if you meet a few key criteria. Watch our video to find out! For more details on what you can and cant claim, check out https://ato.gov.au/Transportingbulkytools

08.01.2022 Have you got your application ready for Round 2 of the Small Business COVID-19 Adaption Grants? Applications are set to open in one week, on 1 July 2020. Grant...s of up to $10,000 are available and its first in, first served so were urging you to prepare in advance. Head to www.business.qld.gov.au/adaption-grant to check your eligibility and read the guidelines. Three top tips for a successful application: 1) Make sure your business is eligible. 2) Make sure your activity is eligible. 3) Get your supporting documents ready.

03.01.2022 New tax and superannuation measures are now available to help support those affected by COVID-19. These include: early access to super reducing super minim...um drawdown rates boosting cash flow for employers increasing the instant asset write-off backing business investment You can find information on these measures, as well as ways we can support you, at www.ato.gov.au//De/In-detail/Specific-disasters/COVID-19/

02.01.2022 Work in construction? Whether you’re an apprentice, engineer, tradie or construction worker, check out our rivet-ing occupation guide to help you nail your ...tax return this year. From tools to travel, clothing to self-education expenses, find out what you may be able to claim at www.ato.gov.au//In/Occupation-and-industry-specific-guides

01.01.2022 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 cant 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

01.01.2022 Does your business have a health and wellbeing program for employees? Healthy employees suffer fewer health issues, record fewer sick days, are more productive and engage better with colleagues and customers.