Graeme Tuplin Accounting in Upwey, Victoria, Australia | Tax preparation service

Graeme Tuplin Accounting

Locality: Upwey, Victoria, Australia

Phone: +61 3 9752 6834

Address: Suite 2 62-64 Main Street 3158 Upwey, VIC, Australia

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• Tax preparation service
• Accountant
• Financial service
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25.01.2022 Hump Day Funny.... Accountants can be funny too.

25.01.2022 BUSINESS CLIENT MONDAY Every Monday is going to become Business Client Monday. The purpose of this weekly post we be to highlight a business client of ours and hopefully remind us that despite everything going on in the world, people are still running their businesses and keeping Australia moving even if it is at a reduced rate.

25.01.2022 The end of the financial year is just over a week away. There will be a lot of confusion and questions regarding all the changes and additions to this year. Please be assured that we are here to answer any questions you might have. ... The Team Graeme C Tuplin Accounting

25.01.2022 JOB KEEPER PAYMENTS. The Job Keeper Payment Scheme - an eligible employee will receive (through their employer) a minimum forthnightly salary of $1500 for up to 6 months. The JobKeeper Payment will support employers to maintain their connection to their employees. These connections will enable business to reactivate their operations quickly without having to rehire staff when the crisis is over.... Employers will be eligible for the subsidy if: their business has a turnover of less than $1 billion and their turnover has fallen by more than 30 per cent (of at least a month); or their business has a turnover of $1 billion or more and their turnover has fallen by more than 50 per cent (of at least a month); and the business is not subject to the Major Bank Levy. Eligible employees are employees who: are currently employed by the eligible employer (including those stood down or re-hired) were employed by the employer at 1 March 2020 are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 1 March 2020) are at least 16 years of age are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder are not in receipt of a JobKeeper Payment from another employer How to apply Businesses with employees - https://www.ato.gov.au/general/gen/JobKeeper-payment/ Businesses without employees - https://www.ato.gov.au/general/gen/JobKeeper-payment/

24.01.2022 Instant Asset Write-Off tax boost extended!!! The Federal Government has extended the instant Write Off on assets purchased for another 6 months. The scheme brought in due to the pandemic was going to end at July 1 but Treasurer Josh Frydenberg has declared the arrangement will remain until the end of 2020. ... Businesses earning up to 50 million will be allowed to instantly write off assets valued up to $150,000 and receive a tax deduction for the amount of the purchase price of the asset. This can apply to multiple assets. The Federal Government are hopeful that by extending the scheme it will allow businesses to invest in the economy. If you have any questions regarding this new development please feel free to contact us. Stay well. The Team Graeme C Tuplin https://amp-abc-net-au.cdn.ampproject.org//artic/12334398

23.01.2022 Team at Graeme Tuplin Accounting's first online staff meeting held yesterday. All went off without a hitch..... once we all worked out how to get into the same meeting room. Cloud based accountants.

22.01.2022 ATTENTION SMALL BUSINESS OWNERS!!! With Stage 3 Stay at Home Restrictions back in place for The Melbourne Metro and Mitchell Shire businesses will again be closed and unable to operate until the middle of August. There is a new life line being offered by the Victorian Government, an additional one of grant payment worth $5000. ... Applications close on the 19th of August 2020. Businesses can apply where they meet all the criteria listed below. They must: operate a business located in metropolitan Melbourne or Mitchell Shire be a participant in the Commonwealth Government’s JobKeeper Payment scheme employ people be registered with WorkSafe on 30 June 2020 have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis be registered for Goods and Services Tax (GST) as at 30 June 2020 hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020 be registered with the responsible Federal or State regulator. Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program. Business owners that do not employ people (non-employing businesses) are not eligible for funding through this program. See attached link for further information as well as the application forms. If you require any assistance with your application or any matters during this time, please feel free to contact us. Stay well and safe. Graeme Tuplin and Team. https://www.business.vic.gov.au//bus/business-support-fund

22.01.2022 2020 Tax Returns Appointments... No changes since your 2019 Tax Return... Group Certificates... Deductions... Working from home?... Private Health Insurance Inline with government Covid recommendations, our office remains closed to public to the public, with many staff member working from home.... Appointments: For tax return completion or other business matter, we can conducted meeting via Zoom or telephone. Please comment below or email us at [email protected] if you would like to book an appointment. No Changes since your 2019 Tax Return: If there have been no tax related changes to your circumstance since completion of your 2019 Tax Return - no capital gains, no new deduction, no new income streams, no new children, no new spouse for example, then comment below or email us at [email protected] "Same as 2019" and we can commence processing your return as soon as the ATO confirms data has been received from your employer. Group Certificates Group certificates may not be available immediately: Employers with 20 or more employees will have until 14 July 2020 to finalize payroll Employers with 19 or fewer employers will have until 31 July 2020 to finalize payroll Deduction: Receipts - please scan or take a photo of the receipt and email along with details of the expense. Inline with ATO requirements all deductions will need to be substantiated. In most cases we will email you asking you to confirm how the deductions is directly related to your work. Working from home during Covid 19 self isolation? If you have been working from home, you may have expenses you can claim a deduction for at tax time. https://www.ato.gov.au//Supp/Employees-working-from-home/ Private Health Insurance The law has changed regarding the way registered health insurers provide you with private health insurance information. It is optional for health insurers to provide you with a private health insurance statement. The ATO is aiming to receive data from health insurers by 20th July. Please check the link below to confirm if your health fund has sent the ATO your information. https://www.ato.gov.au///in-detail/pre-fill-availability/

21.01.2022 At RAMT UP Lending Solutions we will give you nothing but our very best at all times. We will help you to achieve your financial goals and of course your dreams for your future. We are here to help; your loan is our loan; your goals are our goals from start to finish.

20.01.2022 Victorian Small Business Grant. Applications now open. https://www.business.vic.gov.au//gra/business-support-fund

18.01.2022 Government deciding to come up with a wage subsidy for Australian workers effected by Covid -19 https://7news.com.au//coronavirus-update-pm-scott-morrison

15.01.2022 End of Financial year STP Declarations. As an employer you will need to complete an STP finalisation declaration for your employees' EOFY payroll information. For the 2019-20 financial year:... Employers with 20 or more employees will have until 14 July 2020 Employers with 19 or fewer employers will have until 31 July 202. Please reach out if you require assistance processing this or have any questions regarding financial year end reporting.

15.01.2022 JOB KEEPER PAYMENTS, KEEPING AUSTRALIANS IN A JOB. https://www.pm.gov.au//130-billion-jobkeeper-payment-keep-

13.01.2022 Business Monday. Business name : RKG Electrical Services P/L Business type : Electrical Services, domestic & commercial... Products/services : Domestic electrical upgrades, new home electrical, renovations and extensions, as well as a range of commercial electrical services. Over 10 years experience. At 28, Richard decided he would begin and Electrical Apprenticeship. With the maturity of age behind him, he decided afterwards to leap straight into running his own business. The first few years were tough, building a reputation and managing his cash flow. But as time went on and we worked out and understood BAS, GST and simple accounting, it all started to fall into place. In time we put on an apprentice, who is now about to enter his final year. We also now have a huge amount of local and other work. We work in schools, banks, gyms, cafés and homes as their regular electrician and they continue to recommend us. What is one tip you can give for running your own business? Firstly, call people back and treat clients as you wish to be treated! Because if you don’t, someone else will! ;) And remember that even small jobs are worth the time, they can lead to more work and great referrals. What is the best part about having your own business? Definitely the flexibility that comes with being your own boss. It’s more work for sure, but being able to choose when you want holidays, and how long you want them for etc. is a bonus. One tip from a sparky : Check things are still plugged in AND turned on AND the safety switch hasn’t tripped before calling an electrician, to save embarrassment later. If you are looking to get electrical work done give Richard a call. BONUS OFFER: All new clients will receive a 10% discount on all works until the end of 2020 when you mention to Richard about us. RKG Electrical Services

13.01.2022 WHAT EXACTLY IS THE JOB KEEPER PAYMENT AND AM I ENTITLED TO IT? The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees.... Eligible businesses that elect to participate will receive a payment of $1,500 per fortnight per eligible employee to support the people they employed as at 1 March 2020 who are retained in employment. Businesses must have paid their employees before they are entitled to receive the JobKeeper payment. Where an employee’s total remuneration is less than $1,500 per fortnight (before tax), or has been stood down, the employer must provide the employee at least $1,500 per fortnight (before tax). Where anemployee earns more than $1,500 per fortnight, employers can use the payment to subsidise the employee’s wages. Self-employed individuals will also be eligible to receive the JobKeeper payment. WHEN WILL THE JOBKEEPER PAYMENT COMMENCE? The JobKeeper Payment will be available from 30 March 2020. HOW LONG WILL THE JOBKEEPER PAYMENT LAST FOR? The JobKeeper Payment will be available for the period until 27 September 2020. There is a lot of information regarding the Job Keeper Payment now that legislation has been pasted by the government. Below is a link to the treasury website with a fact sheet with all relative information so far. As always feel free to contact us if you are having any difficulties following the scheme and the changes that follow. https://treasury.gov.au//JobKeeper_frequently_asked_questi

13.01.2022 THURSDAY IS FREE ADVICE DAY. If you have a question that you would like an answer to in regards to taxation, accounting and other financials services (or life in general if you like), please feel free to comment on this post with your question or send us a direct message for a more personal response.

10.01.2022 Business Monday. Business Name : Sean Currey Fitness. Business Category : Personal Training Services. ... Sean had been a client of ours for over 3 years now. Sean has been a personal trainer for over 10 years with advanced experience and knowledge in fitness and achieving his clients physical and lifestyle goals. Offering individual and group sessions ranging from 30 and 45 minutes sessions, Sean can also train his clients virtually via his training App which allows him to work with clients without time constraints and deliver programming for them. Sean begun his personal training journey using himself as a guinea pig with a goal to achieve muscle gain, strength and size on his tall skinny frame. After suffering a bad shoulder injury while playing football, it gave Sean ample time to recover and study personal training with the ambition of coming back bigger and stronger then before. Seeing the over all benefits of weight training, Sean decided to follow his passion and make a career as a personal trainer. What is the best part about running your own business? Sean: Helping a client see results. When someone speaks positively about the impact you had on their life it makes being a trainer very rewarding. What is a tip you would give someone about running a business? Sean: Set up your goals for that business and make sure you focus on the present as well as the future. Setting daily, weekly and monthly goals are a high priority. What is a tip you would give someone about getting started with their fitness goals? Sean; The best advice I would give is to literally just START. The biggest obstacle people offer face is their self doubt. Try weight training. Get in touch with a PT or at least a friend that trains to learn the basics. If you want something you haven't had then you need to try something you've haven't done. If you are looking to getting started on our own fitness journey get in touch with Sean via his Facebook and Instagram pages. Sean Currey Fitness BONUS OFFER: Tell Sean you saw him on our Facebook page and you will receive 3 FREE PT SESSIONS as an intro offer. (Sessions are valid for ONE week only. Monday to Sunday. Once week ends any remaining free sessions will become void)

09.01.2022 End of Year Tax Planning Tip for Superannuation With everybody affected by Covid, the end of the financial year has come in a hurry and we are only 12 days away. Are you maximizing your contributions into superannuation?... The government now allows you to contribute some of your own money into superannuation and claim it as a tax deduction. Here is how it works: Let's say you are an employee earning $60,000 a year. Your employer would have contributed $5,700 into your superannuation account. The government now allows you to top up to a maximum of $25,000 and any funds you contribute can be claimed as a personal tax deduction in your 2020 tax return. The positive outcome is: 1) You get a tax deduction for the amount you contributed 2) You are putting funds away for your long-term retirement which can only be a good thing. If you were thinking about doing it please make sure you get it done prior to the 30th of June to be able to claim the tax deduction in the current year. If you have any queries please contact us. Keep safe Tuplin Accounting

06.01.2022 ATO cautions against lodging 2020 tax return early. It is going to be a busy tax time this year and while we understand that people will want to lodge their tax returns as early as possible the ATO are urging taxpayers to hold off until they are positive all their income has been declared and finalised. With Single Touch Payroll now live businesses with 20 employees or more will have until the 14th of July to finalise their payroll and businesses with 19 employees or less w...ill have until the 31st of July to finalise their payroll. The ATO has stated that it will not start processing 2020 tax return until the 5th of July and their pre fill information service will not be available until the 14th of July. What does this mean for tax payers? It means that all relevant information for your tax return may not be available at the time you go to see your tax agent. Everything and we mean everything gets reported to the ATO. From your interest earned on a savings account, your private health premiums paid, dividends earned, the job that you only worked at for 3 weeks and didn't get issued a group certificate for, the rental property that you sold this year that may have capital gains tax due on it. The point we are making is we will proceed and produce your tax return providing that all your relevant information is true and present at the time. This means you will need to have your your ducks in a row when you come to see us. We will be happy to assist anyway we can. If you would like a tax summary of your previous 2019 tax return emailed you to for use as a reference please don't hesitate to contact us via facebook or email. The Team Graeme Tupling Accounting

06.01.2022 A tip for claiming home office expenses during the corona pandemic. The ATO has come up with a short cut method for those wanting to claim home office expenses, from 1 March to 30 June 2020 a rate of 80 cents per hour can be used to calculate a deduction.

05.01.2022 New tax year, New car?? Why not! Just like Home loans, there are plenty of lenders out there with different rates when it comes to Motor Vehicle or Asset Financ...e, instead of spending your time trying to find the best rate let us get the best deal for you, If you’ve been thinking about treating yourself to an upgrade and purchasing a new car there is no time like the present, Also let us assist you with the Insurance on your new purchase and provide you with a no obligation quote to get you on the road. **With the governments extension of the $150,000 tax write off, you may potentially be entitled to the tax deduction, Contact us as RAMT UP Lending Solutions today to get you started. **Consult with your accountant to find out more about the tax write off and the benefits you could potentially receive with your purchase.

05.01.2022 What better time to see if you can save money or time on your loans . Call today and get your savings moving

01.01.2022 FROM THE DESK OF GRAEME. Do you qualify for job keeper payment. ? There is copious amounts of information in the market place at present but I though I would do a short "temperature check" to make sure you are aware of what is available for small business and if you should register for the payment.... In short the main criteria is has your business suffered a more than 30% reduction in income compared to the same period last year?. If yes then you may be entitled to a job keeper payment. If you qualify the payment of $1500 per fortnight will be paid for all eligible employees. In short any full time or part time staff. Any casuals that have worked continuous for you for over 12 months. If your structure is a partnership and or trust then 1 partner or beneficiary could possibly make the claim even though they don't get paid regular wage. For companies if directors are paid directors fees or if share holders are paid a dividend then they could also qualify for the payment. So my advice is , review your business turnover and if you meet the income reduction then register your interest on the following link https://www.ato.gov.au/job-keeper-payment It takes no more than 1 minute. All you need is the business name, ABN , Contact person, email and mobile phone, that's all. Keep safe and informed Graeme