SHORT VIDEO TO WATCH OUT FOR SCAMMERS PRETENDING TO BE THE ATO
We want to remind our clients of the recent scammer calls made to individuals demanding a payment of outstanding tax obligations immediately to the so-called agent. We cannot stress enough, NEVER give out your personal information over the phone if someone is demanding information off you without giving information of their call themselves. Please take the time to watch this short video about what the ATO will NOT do if they are calling, and what to look out for if you are suspicious you have been contacted by a scammer.
The ATO will never:
- Show up to your house without an appointment
- Never ask security information over an email
- Call you demanding an immediate payment
- Threaten you with arrest
Don't be afraid to ask questions if you are suspicious about the call.
The government passed a new tax bill, please see below how this will affect you.
2019 FY INCOME TAX CUTS
What is Single Touch Payroll and what does it mean for you?
Let us break it down for you without using any confusing lingo and let you know what you need to do to be prepared for this change in your business.
- Single Touch Payroll (STP) is the new way of reporting wages.
- STP sends your employees’ tax and super information to the ATO each time you process a payroll and pay your employee.
This means all employers must use an online payroll service to use STP, you can use MYOB Accounting Right, Xero, Reckon and many more.
- If you have 1 to 4 employees there is low and/or no cost option for reporting, link provided below from the ATO’s website of suggested service providers.
- It will be compulsory for all employers to use Single Touch Payroll from the 1st of July 2019.
Have you got any other questions? Feel free to contact us, as time is ticking, and it will be better for your business and mind to be prepared ahead of time.
Please contact us via email to email@example.com or contact us by phone on 03 9793 7861.
what is single touch payroll, and what does it mean for businesses?
BACK WITH A BANG!
END OF FINANCIAL YEAR IS SOON APPROACHING.
We are back to blogging and want to share any guidance and information we can through this page, and of course if you have any questions please contact us through our message bot (bottom right) or shoot us an email.
End of the 2019 financial year is 6 weeks away.
Our tips to keep you ahead of your paperwork upon tax time..
- Know your deductions - contact us if you need a specific list of what you can and cannot claim!
- Set up a system to safely store your receipts, which can be easily accessed at 30th June.
- Keep a log book for your vehicle and claim travel related to work or study!
- Don't forget bank interest.
- File your tax return on time - penalties for late lodgement start at $170 for individual tax payers.
Information sourced from http://startsmart.australiansuper.com/article/five-tax-return-tips/?
If you want us to send you a document checklist so you are prepared once you come and see us, please email firstname.lastname@example.org and we will be happy to assist you.
When booking an appointment, please note we work on a first in best dressed basis so best book your appointments as soon as possible.
SCAM CALLS PRETENDING TO BE THE ATO
Consider this a warning to all tax payers, today alone we have had two clients who have been contacted by people who are claiming to be the ATO and are demanding a payment from these clients. They are claiming their accountant has made a mistake and now owe money to the ATO and require this immediately.
Friendly advice, do not co-operate with these people!
If you are suspicious of the call ask for a number and a reference number to contact them at a later time. These people may try to debate with you that they cannot give you a number and that you still must pay but again, do not co-operate.
the ato cracking down on property
The ATO are claiming to crack down on property in 2016, investigating on compliance. One of their focuses is on home owners putting their second and third properties on Air BnB.
HOW YOUNG PEOPLE SHOULD MANAGE THEIR SUPER
Are you a young professional? Working hard in a part time, full time or casual position? Are you doing enough to secure your super?