Vicki Taylor Accounting in Mount Barker, Western Australia | Accountant

Vicki Taylor Accounting

Locality: Mount Barker, Western Australia

Phone: +61 8 9851 1022

Address: 8 Langton Road 6324 Mount Barker, WA, Australia

Website: https://www.vickitayloraccounting.com.au

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19.01.2022 RBA has cut the official interest on Tuesday from 0.25% to 0.1%. RBA Govenor, Phillip Lowe, says "lower interest rates [...] will assist the recovery by lowering financing costs for borrowers, contributing to a lower exchange rate than otherwise, and supporting asset prices and balance sheets." During these unprecedented times, a decrease in the cash rate is hoped to stimulate the economy by encouraging large-scale investment in Australia from foreign and domestic sources. By... extension, this creates jobs for Australians and thereby encourages spending. With the interest rates so low, we can expect to see consumer spending increase, hopefully stemming the disastrous effects that COVID-19 has had on the Australian economy. What's more, Lowe explains that given the outlook, the Board is not expecting to increase the cash rate for at least three years."

18.01.2022 Here's a tip for the salary and wage earners. Due to many of you working from home, the tax department has made changes to the hourly rate you can claim for home office. Make sure you keep a diary of the hours you work from home so that you can claim as much as possible.

17.01.2022 To help Australians through these difficult times, the JobKeeper scheme has been extended until 28 March 2021. For your information, there are two separate extension periods and for each one, you must show that your actual GST turnover has declined. In addition, there are different JobKeeper rates associated with each extension period. The first extension period will run from 28 September 2020 to 3 January 2021 and for this period, you will need to show that your actual GST t...urnover has declined during the September 2020 period relative to the comparable quarter. The second extension period will run from 4 January 2021 to 28 March 2021 and likewise, you will need to show that your actual GST turnover has declined in the December 2020 quarter. You can be eligible for JobKeeper extension 2 even if you were not eligible for JobKeeper extension 1. For more information, visit the ATO website: https://www.ato.gov.au//JobKeeper-Payment/JobKeeper-exte/ #jobkeeper #vickitayloraccounting

12.01.2022 Heading into my second webinar for the day. So much new information coming from the Government COVID19 changes! If you have any particular questions, inbox me and I'll see what I can do for you.

10.01.2022 The JobKeeper Scheme will not only have two different extension period between now and 4 March 2021, but there will be different rates associated with each period. The first extension period will run from 28 September 2020 to 3 January 2021 and the rates will be as follows: Tier 1: $1,200 per fortnight (before tax)... Tier 2: $750 per fortnight (before tax). The second extension period will run from 4 January 2021 to 28 March 2021 and likewise, the rates will be: Tier 1: $1,000 per fortnight (before tax) Tier 2: $650 per fortnight (before tax). Which tier rate applies to you will be determined by the number of hours you have worked as an employee or the number of hours that you, as a business participant, have actively engaged in the business. For more information, visit the ATO website: https://www.ato.gov.au///JobKeeper-extension-announcement/ #jobkeeper #vickitayloraccounting

04.01.2022 Have you registered for Job Keeper? The Federal Government extended the enrollment date to the end of May. If your business has seen a downturn due to the COVID19 crisis, you might be eligible. If you are a sole trader you can apply for yourself in this circumstance. If you trade as a partnership, one of you may be eligible. Small family trusts and companies can also be eligible.

03.01.2022 Under the instant asset write-off, eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used, or installed ready for use. Simply put, it is a tax break for small to medium-sized businesses, allowing them to acquire capital assets and get an immediate tax deduction. An Instant Asset Write Off allows businesses to deduct the value of an asset immediately within the first year of its purchase, rather... than claiming those deductions over several years. There are some recent changes that you need to be aware of. As of March 2020 and until 31 December 2020, the instant asset write-off: 1. Threshold amount for each asset is $150,000 (up from $30,000) 2. Eligibility has been expanded to cover businesses with an aggregated turnover of less than $500 million (up from $50 million). For more information, visit the ATO's website: https://www.ato.gov.au//Simpler-/Instant-asset-write-off/

03.01.2022 So yesterday was an important date. If you had registered/enrolled for Job Keeper, you need to now go into your ATO account and basically activate your application. You will provide your gross income details and projections. Don't forget to take this important step. Let me know if you have questions