Poole Group » Taxation

Year End Tax Planning, it’s never to early!

Kerri Welsh — Mon, 10 Feb 2020 04:16:10 +0000

YEAR END TAX PLANNING, IT’S NEVER TOO EARLY. Can you believe it’s February 2020 already? We thought we would get in early and mention some tips on tax planning that you may want to think about over the coming months. Tax planning for the end of the Financial Year should not be left too late.

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Buying or Gifting shares to a minor

Kerri Welsh — Fri, 13 Dec 2019 00:04:54 +0000

We are seeing an increase in parents and grandparents wanting to buy/gift shares for their minor grandchildren. From this we are commonly asked about the process and ramifications of buying shares for, or gifting shares to, a minor. Below are some scenarios and commonly asked questions to help with your decision. (G. = the person

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OUR OFFICE IS CLOSED – 6th December 2019

Shannon Cook — Wed, 04 Dec 2019 22:56:55 +0000

Our Poole Group office will be closed the 6th December 2019, to allow all our staff to participate in our Christmas Activities. We will have an answering service which will be able to take messages which we will respond to when we return to our usual working hours on the 9th December 2019. We thank

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Paying a tradie, cleaner or courier contractor?

Shannon Cook — Thu, 10 Oct 2019 05:53:11 +0000

If you’ve paid a tradie, cleaner or courier contractor to help in the last year, you might need to lodge a Taxable Payments Annual Report (TPAR). You may need to lodge a TPAR if your business: is primarily in the building and construction industry and paid contractors to provide building and construction services – including

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STP Deadline is here – 30th September

Shannon Cook — Tue, 24 Sep 2019 00:27:46 +0000

If you haven’t already, it is time to move to Single Touch Payroll now! Single Touch Payroll (STP) reporting is here, and you need make the move by 30 September 2019. STP changes the way you report your employees’ tax and super information to us. You now need to report salaries and wages, pay as you

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Super Fund Lookup – SMSF Status

Paul Lewty — Mon, 23 Sep 2019 01:07:59 +0000

SMSF status to change on Super Fund Lookup if the annual return is lodged late ATO have stated from 1 October 2019 if the SMSF return is overdue more than two weeks on any annual return and hasn’t requested a lodgement deferral they will change their status on Super Fund Lookup (SFLU) to ‘Regulation details

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Are you going to meet the QBCC deadline?

Shannon Cook — Thu, 19 Sep 2019 05:34:28 +0000

Are you going to meet the QBCC deadline? Your financial Information needs to be lodged with the QBCC by 31st December 2019. Before you get caught up in the silly season, contact us on 07 5437 9900 as we can assist you with preparing the necessary documentation. This 31st lodgement Deadline affects self- certifying and

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What’s your Emergency Action Plan?

Kerri Welsh — Thu, 19 Sep 2019 05:17:35 +0000

Scenario 1. Its 7 am on a Monday morning, you get to work and there is fire & smoke billowing from your windows. The fire brigade is on site, what do you do next? What is your emergency plan? An emergency plan is essential to all business to help implement a swift action plan &

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Is your SMSF investment strategy meeting diversification requirements?

Christine Benson — Fri, 06 Sep 2019 00:15:12 +0000

A new Australian Taxation Office Campaign As part of their latest campaign, the Australian Taxation Office (ATO) is contacting Self Managed Super Fund (SMSF) Trustees directly where 90% or more of their SMSF’s investments belong to the same asset class (Eg. property). Please note that this correspondence is being sent directly to the SMSF’s business

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Net Medical Expenses tax offset

Kerri Welsh — Tue, 27 Aug 2019 01:35:25 +0000

Net Medical Expenses tax offset If your personal taxable income is below $90,000 or family taxable income is below $180,000 and your net medical expenses are over $2,377 you may be eligible for a 20% tax offset. The medical expenses that are included in the offset are: Disability Aids Wheelchairs Hearing aids Freestanding over-bed frame

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