Wards Tax & Accounting Services in Rosewood, Queensland | Accountant

Wards Tax & Accounting Services

Locality: Rosewood, Queensland

Phone: +61 7 5464 1309

Address: 37 John Street 4340 Rosewood, QLD, Australia

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

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• Tax preparation service
• Consultation agency
• Accountant
• Financial service

25.01.2022 THE INSTANT ASSET WRITE OFF FOR SMALL BUSINESS HAS BEEN EXTENDED TO 30 JUNE 2020 AND LIFTED TO $25,000 PER ASSETTHE INSTANT ASSET WRITE OFF FOR SMALL BUSINESS HAS BEEN EXTENDED TO 30 JUNE 2020 AND LIFTED TO $25,000 PER ASSET

24.01.2022 Opening Hours - Tax Season July, August & September Monday to Friday 7:30 am - 8:30 pm Saturday 8:00 am - 5:00 pm

24.01.2022 31st OCTOBER TAX DEADLINE Please note, if you are a current client of ours (lodged your tax with us last year) this deadline does not apply to you. Your deadline is 15th May 2020 unless you have received an early notice to lodge. It only applies to those who lodge their own tax. ... If you are not a current client and would like an extension to 15th May 2020 please contact our office BEFORE 31st October 2019.

24.01.2022 APPOINTMENTS FILLING FAST This is our busiest time of year and appointments are filling fast. The best way to book is to call our office during standard business hours 9am - 5pm.... If we do not answer, our staff are busy attending to other calls or clients so please leave a message and well call you as soon as possible.

24.01.2022 We appreciate your business and wish you the best in the coming year. Merry Christmas from Kerri, Amy, Linda and Natalie

21.01.2022 APR - JUN 19 BAS DUE SOON Existing clients - if you havent already, please forward your paperwork as soon as possible so we can process your quarterly BAS before the payment due date, 26th August 2019. Potential clients - lodging your quarterly BAS with an agent gives you extra time to process and pay. If you would like to know more about our services, call to arrange an appointment today.

19.01.2022 NOW TAKING 2019 TAX APPOINTMENTS Avoid disappointment and book in early to get your 2019 tax return done. Appointments starting from 3rd July 2019*... Hours: Monday to Saturday 7am to 8pm * Please note you may require your 2019 payment summary as info may not be available online.

19.01.2022 ATO warns of phone scammers requesting payment for tax debts The Australian Tax Office is reminding Australians to be wary of aggressive tax debt scams during tax time. More than 220 Australians were persuaded to hand over a total of $1.2 million to scammers. Assistant Commissioner Graham Whyte said the ATO would never cold call about a tax debt. "We would never threaten you with jail or arrest, and our staff certainly wouldnt behave in an aggressive manner," he said.... ACCC Deputy Chair Delia Rickard said the scams come in many guises but generally claim that the call recipient has underpaid their taxes and are required to replay the tax debt immediately or face frightening repercussions. "Tax scammers are particularly aggressive so many people feel pressured to pay quickly without questioning them," Ms Rickard said. "The most threatening scammers even say that police are on their way to arrest you but can be stopped if you pay immediately." You can report suspected ATO email scams by forwarding the original email to [email protected]. You can also report scams to the ACCC via the Scamwatch report a scam page or by calling 1300 795 995.

19.01.2022 We are open extended hours during the period July - Sep from 7am to 8.30 pm Monday to Saturday - if you need an appointment give us a call on 5464 1309.

16.01.2022 Tax time 2020 Its almost that time again! Most employers now report your income electronically to the ATO. ... This means they are no longer are required to supply you with a payment summary, instead you can access an Income statement through your MyGov account. Before you can lodge your 2020 tax return, your income statement needs to be finalised by your employer and marked as tax ready You will receive a messsage in your MyGov inbox when this has occurred. If you do not have a MyGov account, we can access your income information during your appointment providing it has been finalised by your employer. For more info on how to access income statement: https://www.ato.gov.au//W/Accessing-your-payment-summary/

15.01.2022 SO WHAT IS AN OFFSET? Media outlets have been reporting confusion about the new low and middle income offset, with people of the opinion they will get up to an $1080 refund. To explain:... An offset reduces the amount of tax payable you are required to pay based on your taxable income (taxable income = income less deductions). If you did not pay any tax, you do not get the offset as a refund. Also, at most, the offset can reduce your tax payable to zero even if the offset is greater than your tax payable amount. In this situation you would simply be refunded the amount of tax you actually paid. Those who earned income within the offset brackets and paid tax over and above the offset amount do get the full value of their eligible offset refunded.

14.01.2022 WHAT CAN YOU CLAIM? - CLOTHING & LAUNDRY You may have heard the ATO is targeting work expenses this year, specifically clothing and laundry. Below is a comprehensive explanation of what you can and cannot claim in your tax return per ATO guidelines.... If you are unsure in relation to your specific circumstances, please dont hesitate to ask during your tax appointment.

13.01.2022 Kerri and staff would like to thank our valued customers and the wider community for your ongoing support throughout 2019. We wish you and all your families a Merry Christmas and a safe and Happy New Year. Our office is closed as of 3pm Friday 20th December 2019 and will reopen at 9am on Monday 6th January 2020. Emails and phone messages will be monitored over the holiday period so please leave a message.

12.01.2022 Still need to lodge your 2018-2019 tax return? We can arrange non-contact processing of your return with an appointment via phone or by emailing your information through. To find out more info or to make an appointment give us a call on (07) 5464 1309. ... If we do not answer, please leave a message and we will return your call asap.

12.01.2022 SCAM ALERT Weve had clients contact us regarding scam "ATO" phone calls. Occasionally the ATO will actually contact you for genuine reasons. ... However, the ATO will never threaten to arrest you, in this case, hang up. They will also never send you "links" via email, SMS or Whatsapp, so do not click or respond. If you are unsure as to whether the call or message is genuine, you can contact the ATO on 1800 008 540 to verify. To find out more info on the latest scams, visit: https://www.ato.gov.au//Onl/Identity-security/Scam-alerts/

11.01.2022 PROPOSED INCREASE TO LOW AND MIDDLE INCOME TAX OFFSET TO $1080 In the 2019/20 Federal budget the government announced an increase to the low and middle income earners tax offset to a maximum amount of $1080. This is yet to be passed as law HOWEVER should you prepare your 2018/2019 tax return before the law is passed the ATO will automatically amend your return to include the increase in your offset (if youre eligible).... Eligibility: Taxable income $37,000 or less, offset up to $255 Taxable income between $37,001 and $48,000, offset $255 plus an amount equal to 7.5% to the max offset of $1080 Taxable income between $48,001 and $90,000, offset of $1080 Taxable income between $90,001 and $126,000, offset of $1080 less an amount equal to 3% of the excess

11.01.2022 NEED TO CLAIM WORK-RELATED CAR EXPENSES? The ATO are focusing on work-related car expenses this year so it pays to know whether youre entitled to make a claim and which way is best to make your claim. See pics below for more information or discuss with our staff during your appointment.

10.01.2022 NOT FOR PROFITS - GAMBLING COMMUNITY BENEFIT FUND (GRANTS) The latest round of funding closes 31st August 2019. Eligible associations can apply for funding between $500 and $35000... For full details and to see if your association is eligible: https://www.gamblingcommunityfund.qld.gov.au/#/welcome

10.01.2022 HOW LONG DO YOU NEED TO KEEP PAPERWORK FOR? Individuals - Generally 5 years from the date you lodge your tax return.... Companies- Generally 7 years Businesses- Generally 5 years after the financial year the transaction occurred EXCEPT Employee records must be kept for 7 years. Businesses with Capital Gains Tax implications may be required to keep records for longer. For more info on individuals see: https://www.ato.gov.au//In-deta/Keeping-your-tax-records/. For more info on companies/business see: https://www.business.gov.au//series/keep-the-right-records

08.01.2022 Accessing your payment summary How you get your end of financial year information from your employer showing your earnings for the year (also known as a payment summary or income statement) depends on how your employer reports your income, tax and super information to us. You will be provided with either: An income statement if your employer reports your income, tax and super information to us through Single Touch Payroll (STP) they are no longer required to give you a paym...ent summary, this information will be made available to you through ATO online services via myGov and finalised by 31 July. A payment summary if your employer is not yet reporting through STP they will continue to provide you with a payment summary by 14 July (as they do now). Your employer will let you know if they wont be giving you a payment summary this year. You should talk to your employer if you are unsure how they will be providing this information to you.If your myGov account is set up and linked to ATO online services, you need to: Log in to myGov using your email address or mobile phone number. Select ATO online services. Select Employment and then view my Income statement.

08.01.2022 CANT GET TO US TO PREPARE YOUR TAX RETURN? We offer phone appointments, or you can simply email us your information. Phone appointments: Give us a call and we will allocate you an appointment time. Its best to complete the tax questionnaire (link below) and email to us before your appointment to save time.... Email appointments: Complete our online tax questionnaire (link below) and email to us and we will prepare your return as soon as possible (generally 2 week turn around). New clients: We also require a new client form to be completed and emailed along with a copy of your I.D. TAX QUESTIONAIRE LINK: http://wardstax.com.au/online-tax-/tax-questionaire-2020-4/ NEW CLIENT FORM LINK: https://wardstax.com.au/online-tax-returns/ PHONE: (07) 5464 1309 EMAIL: [email protected]

08.01.2022 TELEPHONE APPOINTMENTS During this ever changing pandemic environment, Wards Tax is committed to ensuring the health and safety of both clients and staff, while continuing to provide the highest level of professional service to our valued clients. We would like to remind clients, that to minimise face to face contact, the option exists for clients to participate in telephone appointments instead of attending the practice. ... If you already have a face to face appointment booked and would like to change it to a telephone appointment, please dont hesitate to contact our office to make those arrangements.

08.01.2022 $30,000 INSTANT ASSET WRITE-OFF FOR SMALL BUSINESS If you purchase an asset for your business costing less than $30,000 (excluding gst) you can claim an immediate deduction for the business portion in your tax return. This will reduce your business profit effectively reducing the tax you pay.... The $30,000 instant asset write-off applies to assets purchased and ready to use from 7.30pm 2 April 2019 until 30 June 2020. For assets purchased between 29 January 2019 and before 7.30pm 2 April 2019 the threshold is $25,000. Prior to 29 January 2019 the threshold is $20,000. For full details visit: https://www.ato.gov.au//Simplified-depreciation---rules-/

07.01.2022 JOBKEEPER DEADLINE Eligible businesses have until 31st May 2020 to register for Jobkeeper to claim payments for April and May. For more information, feel free to give us a call, or send us an email to [email protected] ... https://www.ato.gov.au/general/JobKeeper-Payment/ See more

07.01.2022 Below is an example of a scam ATO call received by one of our staff members today. It was an automated message. Please be aware and never give out your financial/credit card details over the phone. If you are ever unsure, feel free to give is a call

06.01.2022 Outstanding Tax Returns If you still need to lodge a tax return for previous years, its important to get up-to-date as soon as possible to reduce the risk of a penalty. If you do not have your group certificate or details of your income, not to worry, we may be able to get this information electronically directly from the ATO. (This includes PAYG payment summaries, bank interest and centrelink). If you did not have any income or your income was below the tax free threshold you still need to let the ATO know that you do not need to lodge a tax return. Give us a call on 5464 1309 to talk to us or email us on [email protected] to make an appointment before 30 June 2019.

05.01.2022 Does your business need some help with organising Accounts and Payroll. Give us a call we can help.

04.01.2022 A big thank you to Wards Tax & Accounting Services for their support for the 2017 Fernvale Campdraft. https://www.facebook.com/WardsTaxServicesRosewood/?fref=ts

04.01.2022 We are currently having many issues with our phone lines. If you ring and we hang up it is not us it is a fault in the phone line, If you are having this problem please message us (via facebook) or send us an email ([email protected]) or text us on 0421 313 981 and let us know you have called and we well call back. We are very sorry if this has happened to you but we are trying to sort this.

03.01.2022 Tax time 2020 It's almost that time again! Most employers now report your income electronically to the ATO. ... This means they are no longer are required to supply you with a payment summary, instead you can access an 'Income statement' through your MyGov account. Before you can lodge your 2020 tax return, your income statement needs to be finalised by your employer and marked as 'tax ready' You will receive a messsage in your MyGov inbox when this has occurred. If you do not have a MyGov account, we can access your income information during your appointment providing it has been finalised by your employer. For more info on how to access income statement: https://www.ato.gov.au//W/Accessing-your-payment-summary/

03.01.2022 Fuel tax credit rates increase today, 4 February. If you use fuel in heavy vehicles or other machinery for your business, check out the latest rates at www.ato.gov.au//Fuel-tax-credits---busin/Rates---business/

03.01.2022 JUL - SEP 19 BAS IS DUE SOON For all our current BAS clients, your Jul -Sep 19 BAS is due for lodgement and payment on 25th November 2019. If you havent already, please forward your paperwork as soon as you can.

01.01.2022 The 2017 tax season is just around the corner and appointments are already filling up! We will be taking 2017 tax appointments from Tuesday 3rd July from 7:30am. Give us a call on 07 5464 1309 to book now - or for those short on time, follow the link below to our online forms that can be submitted by email to get your return lodged without coming in!