West Currie Consultants in Edenhope, Victoria | Accountant

West Currie Consultants

Locality: Edenhope, Victoria

Phone: +61 3 5585 1522

Address: 42 Elizabeth Street 3318 Edenhope, VIC, Australia

Website: http://www.westcurrie.com

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25.01.2022 We are here to help! Please find more details on the below Victorian & Federal Government packages in a full detailed information pack, on our website link http://www.westcurrie.com/blog Recap of the Victorian & Federal Governments has announced stimulus package & measures:... 1. All employing businesses will receive a minimum of $20k and larger Small & Medium Enterprises's up to $100k, paid into ATO accounts from 28th of April (presumably once the March BAS is lodged); However please note that you must be registered as an employer prior to the 12 March 2020 2. Small Business with turnover of less than $50 million will have access loans up to $250k will be guaranteed by the government for 3 years. No repayments will be required for 6 months. Talk to you bank directly as a matter of urgency if you are concerned about your business; 3. Instant Asset Write Off - The government is increasing the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million). This proposal applies from 12 March 2020 until 30 June 2020, for new or second-hand assets first used, or installed ready for use in this timeframe. 4. Accelerated Depreciation - A deduction of 50% of the cost of an eligible asset on installation will apply, with existing depreciation rules applying to the balance of the asset’s cost. This applies to assets acquired after announcement and first used or installed by 30 June 2021. Please note there are condtions with this measure. 5. Apprentice & Trainee Support The Government is offering a 50% reimbursement of employee apprentice/trainee wages for nine months, to a maximum of $21,000 per apprentice/trainee ($7,000 per quarter). 6. Companies that may otherwise trade whilst insolvent will have relief for the next 6 months; 7. Creditors cannot initiate insolvency and bankruptcy unless their debt is at least $20k (up from $2k) and at least 6 months overdue (up from 21 days); 8. Access to Superannuation - Sole Traders and Casuals whose income or hours have reduced by more than 20% will have access to up to $10k in Superannuation from 1 April and again from 1 July; 9. Retirees that otherwise must withdraw 4% of their super can halve this to 2% this year and next year. This may help stop cashing in shares and crystallising large capital losses. We are here to help you through these difficult times, please reach out to us if you need assistance with any matter. Please see full article on our website for further information and factsheets http://www.westcurrie.com/blog

25.01.2022 The team at West Currie Consultants would like to wish the boss Julie all the best on her next endeavour. Julie is currently on two weeks leave; undertaking a 7 day trek in Nepal, with some additional time enjoying the sights, soaking in the culture and hopefully some relaxing. We will be sure to share some further photos upon her return. Photo Credit: Big Heart Adventures

25.01.2022 Budget time already! Time certainly flies, however, the budget is also a month earlier than usual, coincidental that the Federal Election date is tipped to be set early May. Does this mean the budget is more of an election promise? Will the government change and the budget be all talk. See all the changes affecting you as taxpayers, follow the link below to read our new blog about the 2019 Federal Budget.... http://www.westcurrie.com//2019-federal-budget---budget-or

25.01.2022 We are currently experiencing some technical issues Please note that emails are not being received If you need to contact us, please call 03 55851522 ... We hope to get back up and online as soon as possible We apologize for any inconvenience

24.01.2022 Happy International Women’s Day! We’re grateful everyday for the amazing ladies in our West Currie Consultants team Celebrate the women in your life!

24.01.2022 We all hear about this idea of 'tax planning' but what does it mean and involve? If you want to find out how to minimize your tax liability follow the link to see what our 'tax whiz' Julie West suggests. http://www.westcurrie.com/blog

23.01.2022 OFFICE CLOSURE The team at West Currie Consultants wish to advise that the office will be closed to the public commencing 5pm today being March 26th 2020. Please be advised our physical office is closed until further notice, however we are still available to assist and attend to queries via email and phone. Phone: 03 55851 522... Email: [email protected] We apologise for any inconvenience this may cause, however, we believe this measure gives us the best chance of protecting the health and safety of our wonderful team, our clients and the wider community. Our dedicated team continue to work from home and are answering all email enquiries and phone calls.Simply email our general address above or the individual team member's address (listed below). Stay Safe & look after those around you Kind Regards, Julie & Team General Enquiries - [email protected] Julie West - [email protected] Kerry Pretlove - [email protected] Elizabeth West - [email protected]

23.01.2022 Following an announcement from Treasurer Josh Frydenberg the Small Business $150K Instant Asset Write-Off has been extended. Businesses now have until December 31 2020 to acquire the asset and have it installed ready for use. As we are constantly receiving information regarding this write-off, it is not to be confused with claiming a tax deduction for the current 2019-20 financial year. Businesses must have acquired and have the asset installed ready for use by 30 June 2020,... otherwise the deduction will fall into the following financial year. TAX TIP - Under the SBE pooling provisions, if your asset pool balance is under $150K it must be fully written off in its entirety. This is compulsory and can have a huge impact on your final tax position. Tax planning is essential to ensure you are aware of the whole picture in regards to your tax liabilities. Now is the time to start your tax planning if you haven't already!! Call the office today on 55851522 for further information.

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22.01.2022 Scam Warning - ASIC Business Name Renewal Please be on the look out for a scam letter or email that is doing the rounds at the moment. The letter prompts the bu...siness owner to renew their business name through a BNrenewal website. ASIC have confirmed that this correspondence is not from them. ASIC will send the business name holder a reminder notice by email 30 days before the renewal is due. The picture below shows what the scam letter looks like. If you receive any correspondence that you are uncertain about please do not hesitate to contact our office for assistance.

21.01.2022 Mental health is so important, just as important as our physical health. In our fast paced lives, made even more difficult in our current COVID 19 space it is vital to check in with yourself and others to make sure they are OK. It doesn’t cost anything to ask a mate how they are, but it may make all the difference. Let’s look after ourselves and each other!

21.01.2022 WE HAVE A WINNER Congratulations to Liz Hage for being the winner of our delicious end of financial year hamper Thank you to all of those who entered and we hope you have a healthy and happy new financial year!! The team at West Currie Consultants would like to thank you for all of your support over the last year, and look forward to the 2019 Financial Year!!

21.01.2022 It is that time of year again

21.01.2022 END OF FINANCIAL YEAR GIVEAWAY For the new financial year we are giving away a hamper with plenty of delicious treats To be in the draw, simply complete at least one of the following:... Like our West Currie Consultants Facebook Page Like this post Share this post The prize winner will be drawn at random, 3pm Friday 29th June 2018 The prize must be picked up by the winner from our Edenhope or Nhill office Good luck all and happy new financial year

18.01.2022 After arriving a few weeks early and giving the new parents some time to settle in at home, the girls at West Currie would like to congratulate Emma and Shane on the speedy arrival of Mia Faye born in the early hours of Sunday the 22nd of July 2018. Welcome Mia and we wish you all the very best. We expect lots of visits and cuddles!

18.01.2022 At the going down of the sun, And in the morning, We will remember them

17.01.2022 OFFICE CLOSURE The team at West Currie Consultants wish to advise in accordance with the Stage 3 COVID-19 restrictions set out by the Victorian Government our physical offices in both Edenhope & Nhill are closed from today 5th August 2020 until further notice. Although our face-to-face contact is limited we are still here to help! Our dedicated team continue to work from home and are answering all email enquiries and phone calls. Simply email our general address or the indiv...idual team member's address (listed below). We thank you for your understanding however, during these times we must ensure the safety, health and wellbeing of staff, clients and all communities Kind Regards, Julie & Team Contact Details Phone Edenhope: 03 5585 1522 Phone Nhill: 03 5391 1113 General Enquiries - [email protected] Julie West - [email protected] Kerry Pretlove - [email protected] Elizabeth West - [email protected]

15.01.2022 Celebrating a belated international women’s day at the Elsie Bennett centre today. Our fantastic leader and superwoman Julie West spoke of her trekking trip to Nepal in November 2018. It was great to hear her stories and see some photos of her time away. She is inspirational and someone we all look up to and we are so very lucky to have her in our community. Go girls Julie West

14.01.2022 Please be Vigilant There is currently a scam going around for MyGOV accounts as per the below If you have any suspicious emails or calls, please do not hesitate to contact us!

14.01.2022 Julie and the girls at West Currie would like the congratulate Liz on being with us for one year, (already!!). Liz brings with her a wealth of knowledge, enthusiasm and commitment and we look forward to many more working years together. Thank you for you dedication to our team and making our work environment so lively. Enjoy your day in our Nhill office.

12.01.2022 Wishing Julie our fantastic leader a huge congratulations on becoming a Fellow of CPA Australia (FCPA). An individual can gain FCPA status after 15 years in Public Practice. Julie started work as an Accountant for her father Don Currie in Feb 1984 at 18 years of age, then went on to become a CPA in 1996. Having completed her professional units whilst working full time and having three children. In July 1996 Julie started her own practice based in Nhill called JA West & Co ...and worked hard to become partner in July 1999 when her and father formed West Currie Consultants. Fast forward to 2020, she works with her two daughters, Rebecca and Elizabeth and is supported by a wonderful team in Kerry, Abby, Leanne and Emma! A fantastic effort and an extremely knowledgeable woman, the team at West Currie are all honoured to work alongside Julie and her clients appreciate her dedication and commitment. Well done to Julie on her commitment and hard work over all these years. The Edenhope, Nhill and surrounding districts are all very lucky to have such a wealth of knowledge locally based.

12.01.2022 Would you like to join the West Currie Team? We are currently on the lookout for an Office Administrator. If you, or someone you know may be interested please contact us on 03 55851522, [email protected] or through our facebook page.

11.01.2022 The $150,000 instant asset write-off has been extended to 31 December 2020 for eligible businesses! Contact us on 03 55851522 for more information..

11.01.2022 Its that time of year again. The team at West Currie have just said goodbye to the 17/18 tax year and are ready to kick off the 18/19 tax year. There is no rest for the wicked! Get your information into the office, contact our team on [email protected] or phone on 55851522 to get your return lodged. Returns lodged will receive refund within 10 - 14 business days. We look forward to seeing you all again.... http://www.westcurrie.com/

10.01.2022 JOBKEEPER ENROLMENT OPEN: ENROL BY 26TH APRIL.... With the overwhelming changes and amount of information please call us for advice, assistance or lodging the application on your behalf on 03 5585 1522 1. You must first determine your business is eligible:... - you must have been in business on 1st March, 2020 and; - have met the decline in Projected Turnover Test (of at least 30%, or, rely on the Commissioner's discretion); 2. Provide all your current employees (excluding casuals employed for less than 12 months prior to 1 March 2020) including stood down employees with the Nomination Notice form. (See link below). https://www.ato.gov.au//JobKeeper-payment---employee-nomi/ 3. Employees must elect to enter the scheme by returning the signed Nomination Form. You must NOT assume they will elect your business, they may elect with another employer if they have two or more jobs. 4. Where you have determined that you have met the decline in Projected Turnover Test. You must have paid ALL eligible employees (that returned the signed nomination form) at least $3,000 gross each by the 26th of April (being for two fortnights from Commencement on 30th March 2020) 5. Where you have met/completed the four points above, you MUST enrol with the ATO no later than the 26th April to be reimbursed $3,000 per eligible employee. Sole Traders, Partnerships, Trust and Companies can nominate ONE individual business participant (being a partner, beneficiary, shareholder or director) that does not qualify as an eligible employee, provided that they are actively engaged in the business. The requirement to pay the business participant $3,000 by 26th April does not apply in this case, they must however sign a nomination notice form. The business must meet some eligibility requirements. Do not overlook this.....if you require assistance please call 03 55851522

10.01.2022 A huge congratulations to Kerry Pretlove on 10 years of being with our West Currie Team. Kerry is a highly valued team member, her commitment and dedication to our firm and our clients is above and beyond. She is our computer whiz, online accounting guru and BAS woman! We wish her all the best with her further studies to become a Tax Agent. We could not do it without you and we thank you for your service.

09.01.2022 We are here to help you through these difficult times, please reach out to us if you need assistance with any matter. Please find more details on the below Victorian & Federal Government packages in a full detailed information pack, on our website link http://www.westcurrie.com/blog Recap of the Victorian & Federal Governments has announced stimulus package & measures:... 1. All employing businesses will receive a minimum of $20k and larger Small & Medium Enterprise's up to $100k, paid into ATO accounts from 28th of April (presumably once the March BAS is lodged); However please note that you must be registered as an employer prior to the 12 March 2020 2. Small Business with turnover of less than $50 million will have access loans up to $250k will be guaranteed by the government for 3 years. No repayments will be required for 6 months. Talk to you bank directly as a matter of urgency if you are concerned about your business; 3. Instant Asset Write Off - The government is increasing the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million). This proposal applies from 12 March 2020 until 30 June 2020, for new or second-hand assets first used, or installed ready for use in this timeframe. 4. Accelerated Depreciation - A deduction of 50% of the cost of an eligible asset on installation will apply, with existing depreciation rules applying to the balance of the asset’s cost. This applies to assets acquired after announcement and first used or installed by 30 June 2021. Please note there are condtions with this measure. 5. Apprentice & Trainee Support The Government is offering a 50% reimbursement of employee apprentice/trainee wages for nine months, to a maximum of $21,000 per apprentice/trainee ($7,000 per quarter). 6. Companies that may otherwise trade whilst insolvent will have relief for the next 6 months; 7. Creditors cannot initiate insolvency and bankruptcy unless their debt is at least $20k (up from $2k) and at least 6 months overdue (up from 21 days); 8. Access to Superannuation - Sole Traders and Casuals whose income or hours have reduced by more than 20% will have access to up to $10k in Superannuation from 1 April and again from 1 July; 9. Retirees that otherwise must withdraw 4% of their super can halve this to 2% this year and next year. This may help stop cashing in shares and crystallising large capital losses. We are here to help you through these difficult times, please reach out to us if you need assistance with any matter. Please see full article on our website for further information and factsheets http://www.westcurrie.com/blog

05.01.2022 The girls (and partners) at West Currie enjoyed a fantastic ride on The Blues Train at Queenscliff to celebrate another busy year in the office. The silly season is certainly here!

04.01.2022 The team at West Currie Consultants would like to Congratulate Rebecca Heath for her 9th year with WCC. As we all know, Rebecca is such a great team member, dedicated to her work, the firm and her ever growing family -she definitely has her hands full! Congratulations Rebecca, Happy WCC Birthday and we look forward many more happy working days together.

04.01.2022 We are currently experiencing some technical issues with our phones, if you would like to get in contact with our office, please feel free to contact us via email on [email protected] or call on 0475 407 534 We are definitely here and available to chat! We apologise for any inconvenience

03.01.2022 ? .. http://www.westcurrie.com//superannuation-guarantee-obliga

03.01.2022 SCAM ALERT A genuine ATO or myGov message will never ask you to access online services via a hyperlink. If you have any questions about the message or phone call you have received please do not hesitate to contact our office on 03 55851522.

03.01.2022 SCAM ALERT Please be on the watch for scams especially this time of year. Never give out any bank details over the internet. If you are unsure on any email, call or text message that you receive, please do not hesitate to contact our office for assistance.

02.01.2022 The team at West Currie Consultants would like to wish everyone a Merry Christmas and a safe & happy New Year

02.01.2022 There is still time to join our team! If you have any questions please do not hesitate to contact us Applications close Monday 4th February 2019 at 5pm.

02.01.2022 Last days to enter into the draw to win our DELICIOUS giveaway To be in the draw simply complete at least one of the following: Like our Page Like this Post... Share this post All entries must be in by 3pm THIS FRIDAY ready for the winner to be drawn! Goodluck and Happy New Financial Year

02.01.2022 / With the release of the Federal Budget for the 2020/21 Financial year you may be thinking What do I need to know?. Well we are here to help. To help we have included a snapshot of what you need to know. ... New tax rates have been released. (View photo) Supporting job seekers, school leavers and young people to obtain the skills to increase their ability to get a job. An incentive to take on additional employees aged between 16 and 35 years old. Increasing the small business entity threshold from $10 million to $50 million. Small to medium businesses will be able to claim an immediate deductions (full expensing) for the full (uncapped) cost of an eligible depreciable asset in the year that the asset is first used or installed ready for use for assets acquired 7.30 on 6 October 2020 and installed ready for use by 30 June 2022. If you qualify as a Small to medium business the assets can be new or second hand. 50 per cent wage subsidy, up to a cap of $7,000 per quarter, for commencing apprentices and trainees, including those employed by Group Training Organisations until 30 September 2021. ’? A = Asset Write-offs Business are able to deduct the full cost of capital asserts including second hand assets for small and medium sized business. B = Business Concessions Loss carry back provisions will be provided to help offset current losses on previous tax paid. C = Cuts to personal tax rates Cash handouts will be available to pensioners and some other welfare recipients to stimulate the economy. See all the changes affecting you as taxpayers, follow the link below. https://budget.gov.au/index.htm

01.01.2022 ANNOUNCEMENT As of 1 July 2020 the Instant Asset Write Off will reduce from current threshold of $150,000 (12th March 2020 - 30 June 2020) to $1000. Yes you read it right just $1,000!... New equipment, computer hardware, furniture and business vehicles are amongst the potential assets, that can be written off. Contact us for more information.

01.01.2022 Are you a small business? Are you ready for this tax season? Make sure you know all there is to know by reading our latest blog 'Record Keeping & Substantiation for small businesses' written by our substantiation whiz Kerry. Follow the link below to check out the requirements for your business. ... http://www.westcurrie.com/blog See more