The Australian Taxation Office (ATO) is warning business owners about the latest JobKeeper email scam to do the rounds, reminding SMEs to be wary of requests for their personal information.

JobKeeper payment – Employers

The legislation for the JobKeeper Payment received Royal Assent on Thursday, 9 April 2020. The Rules regarding the operation and implementation of the JobKeeper Payment have also been released by Treasury.

Broadly, 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 their employment.

For further information please refer to the ATO website
https://www.ato.gov.au/general/JobKeeper-Payment

Every worker in Australia needs to get a copy of the FWIS when they start a new job.

You can download the latest version here

For more information about minimum entitlements visit Fair Work's National Employment Standards page

Property Valuations

- Your Business in the Holiday Season
- The 5 Phases of Buying a Business
- Proposed Superannuation Amnesty Extension
- Employers Beware - avoid underpaying staff
- Why Business Start-Ups Fail

Our financial planning partners BGN Financial Management are running a smart.happy.money workshop which will work through 9 simple steps to get your finances in order.

Saturday 9th of November 1pm-4pm followed by post workshop drinks.

To register for your free ticket please follow the link on the invitation below.

https://www.bgnfinancial.net.au/events-2/smart-happy-money-workshop-2

From 30 October 2019 businesses must only use licensed labour hire providers or providers who have applied for a licence before 30 October 2019 and have not been refused, or face major penalties.

For more information refer to the Labour Hire Authority website

After nine years Sonia has decided to part ways with us to seek a full time role. We wish her a happy and successful future. You will be missed by all

Scammers are using pre-recorded robocalls impersonating the ATO and threatening immediate arrest for an unpaid tax debt. The scammers use a technology known as 'spoofing' to show a genuine ATO number on the caller ID. The technology also allows them to replicate websites and email addresses

For further information refer to the ATO newsroom

https://www.ato.gov.au/Newsroom/smallbusiness/General/Scammers-fake-ATO-phone-numbers/?sbnews20190508

Fake Xero subscription invoice emails are being sent out by scammers. A genuine Xero subscription invoice email:

• Will be addressed to your billing contact name, not to “Dear Client” or another generic greeting.
• Will be sent from subscription.notifications@post.xero.com.
• Will only link you to pages on xero.com (in.xero.com, help.xero.com etc).

Is your 2018-19 adjusted taxable income over the threshold ($90,000 for singles, $180,000 for families)?

It is critical that when changing a BSB and Account number as a result of an email received from a supplier or known associate, you verbally validate this request.

We are excited to announce that after 13 years of trading as NP Accounting we are rebranding to Tax Slayer.

Scam warning - Do not open emails from 'delayedreturn@ato.gov.au'

On 8 May 2018, the Treasurer, Scott Morrison, delivered his third Federal Budget

The ATO has been working with small businesses, tax professionals, industry associations and software providers on ways to deliver a simpler business activity statement (BAS) to make GST record keeping easier and less costly.

Nicholas Giasoumi provides some valuable advice on how to structure and finance a business to ensure that personal assets are protected in the event that things go wrong.

Snapshot of the 2016 Budget

On 3 May 2016, the Treasurer, Scott Morrison, delivered his first Federal Budget and the first budget of the Turnbull government.

Business, Families, Individuals and Superannuation

Start your log book NOW!

It is never too early to focus on your tax and financial planning in order to minimise tax, reduce risk and be prepared financially.

Effective tax planning is something that should be considered year round and making it a priority can result in you paying less tax liability. Preparing and updating a forecast of income and outgoings can also help you and your business identify times when money may be short and plan accordingly.

This office will be closed from 5.00pm Friday 18th December and re-open Monday 11th January, 2016.

Wishing our clients a safe & happy Christmas & New Year!

We are pleased to announce that we have been in Boronia for 10 years this June. Thank you to our customers, business alliances and staff for your continued support - we couldn't have done it without you

MYOB - Federal Budget Whitepaper

Key tax changes outlined by Federal Treasurer, Joe Hockey in the 2015-16 Federal Budget announced on 12 May 2015, impacting business