GKS CA

GKS CA At GKSCA we specialize in taxation, business, auditing, and superannuation.

Barrier Reef Accounting is a Cairns accounting firm that specializes in providing taxation, superannuation, auditing, and business services. Barrier Reef Accounting was established by its Principal Greg Stanton in July 2011 when it began as a small home based practice. In the short time since, Barrier Reef Accounting has grown to employ several staff and the practice has relocated to a larger offi

ce on Mulgrave Road, Parramatta Park; followed by a second move to a Queenslander house on Martyn Street. Each of our accountants has obtained membership into the Institute of Chartered Accountants, Australia and our practice has a number of industry affiliations with leading accounting software companies including Xero. At Barrier Reef Accounting, we are professionals who pride ourselves on providing, timely, comprehensive services, using a balance of technical information and practical advice. Our personal approach ensures even the most complex of matters are simplified for our clients.

03/07/2025

EOFY reflections 🍾📊

It’s that time of year when us accountants swap spreadsheets for champagne and celebrate making it through another financial year!

30 June is more than just a date — it’s a snapshot in time to review the balance sheet, measure our progress, and assess how we’re tracking toward our goals.

I’m proud to say… we have smashed our family budgets this year! 🎉
✔️ Renovations complete (a little over budget, but worth every cent)
✔️ Started writing the book
✔️ Appointed a book mentor
✔️ Ticking off the to-do list with purpose

Now it’s time to reset, refocus, and set new goals for the year ahead. Bring on FY26💪

21/03/2025

Many people have been asking about the recent changes to this page, and I’m excited to finally share the reason. I’m currently in the process of writing a book—an exciting new chapter, both literally and figuratively. As part of this journey, I’m transitioning this page back to GKS to document and share the experience with you all. Writing a book has long been on my bucket list, and I’m looking forward to ticking it off while hopefully inspiring others along the way.

Stay tuned—there’s more to come.

18/10/2021

BARRIER REEF ACCOUNTING JOINS CAREY GROUP

Carey Group is delighted to announce the merger between Barrier Reef Accounting and Carey Group. Barrier Reef Accounting Director, Greg Stanton, will join Carey Group as a Partner of the Carey Group, based in the Cairns and Malanda offices.

Greg Stanton said, “We’re incredibly excited to be joining with one of North Queensland’s largest and most respected financial services firms, allowing us to continue to assist clients and offer an additional range of complementary services. Joining Carey Group, and enabling our clients to access the depth and breadth of knowledge that Carey Group provides, was the next natural step to supporting our clients, and is a testament to our confidence in the North Queensland region.

Matt Thomson, CEO and Managing Partner of Carey Group said “This merger further strengthens the breadth and depth of capability across the Carey Group, including in Far North Queensland, and we are delighted to welcome Greg and the team from Barrier Reef Accounting to Carey Group”.

Record keeping is one of the most important responsibilities for a small business owner. Accounting software can automat...
10/10/2021

Record keeping is one of the most important responsibilities for a small business owner. Accounting software can automate much of the recordkeeping process and digitally store financial records. That makes it easy to document the amount, time, place and business purpose of a transaction when you claim expenses as tax deductions. IRS requirements mandate keeping the records, in general, for at least three years—we recommend keeping them for seven.

21 October - Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate me...
07/10/2021

21 October
- Pay annual PAYG instalment notice (Form N). Lodge only if you vary the instalment amount or use the rate method to calculate the instalment.
- Lodge and pay quarter 1, 2021–22 PAYG instalment activity statement for head companies of consolidated groups.
- Lodge and pay September 2021 monthly business activity statement.

28 October
- Lodge and pay quarter 1, 2021-22 activity statement if electing to receive and lodge by paper and not an active STP reporter. Pay quarter 1, 2021–22 instalment notice (form R, S, or T). Lodge the notice only if you vary the instalment amount.
- Make super guarantee contributions for quarter 1, 2021–22 to funds by this date.
- Lodge and pay annual activity statement for TFN withholding for closely held trusts where a trustee withheld amounts from payments to beneficiaries during the 2020–21 income year.

31 October
- Final date to add new clients to your client list to ensure their 2021 tax return is covered by the lodgment program.

- Lodge tax returns for all entities if one or more prior year returns were outstanding as at 30 June 2021.

If all outstanding prior year returns have been lodged by 31 October 2021, the lodgment program due dates will apply to the 2021 tax return.

SMSFs in this category must lodge their complete Self-managed superannuation fund annual return by this date.

- Lodge and pay Self-managed superannuation fund annual return (NAT 71226) for (taxable and non-taxable) new registrant SMSF if we have advised the SMSF that the first-year return has a 31 October 2021 due date.
- Lodge tax return for all entities prosecuted for non-lodgment of prior year returns and advised of a lodgment due date of 31 October 2021:
- Some prosecuted clients may have a different lodgment due date – refer to the letter you received for the applicable due date.
- Payment (if required) for individuals and trusts in this category is due as advised in their notice of assessment.
- Payment (if required) for companies and super funds in this category is due on 1 December 2021.

SMSFs in this category must lodge their complete Self-managed superannuation fund annual return (NAT 71226) by this date.

- Lodge Annual investment income report (AIIR).
- Lodge Departing Australia superannuation payments (DASP) annual report.
- Lodge Franking account tax return when both the:
- return is a disclosure only (no amount payable)
- taxpayer is a 30 June balancer.

- Lodge PAYG withholding annual report no ABN withholding (NAT 3448).
- Lodge PAYG withholding from interest, dividend and royalty payments paid to non-residents – annual report (NAT 7187). This report advises amounts withheld from payments to foreign residents for:
- interest and unfranked dividend payments that are not reported on an Annual investment income report (AIIR)
- royalty payments.

- Lodge PAYG withholding annual report – payments to foreign residents (NAT 12413). This report advises amounts withheld from payments to foreign residents for:
- entertainment and sports activities
- construction and related activities
- arranging casino gaming junket activities.

- Lodge lost members report for the period 1 January – 30 June 2021.
- Lodge TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries in quarter 1, 2021–22.

Set up invoice remindersYou can set up invoice reminders, configuring Xero to automatically send customers reminders bas...
26/09/2021

Set up invoice reminders

You can set up invoice reminders, configuring Xero to automatically send customers reminders based on how far an invoice is past due.

Under Settings > General Settings > Invoice Settings, you will see the Invoice Reminders button. Here, you can turn on invoice reminders. You can choose from the predetermined days past due parameters or create your own reminder. You can even customize what each reminder email says by clicking on the Edit link. Additionally, Xero has an option to include a link to the invoice in the reminder email as well as an option to not send reminders for outstanding invoices under a certain amount. If you need to get even more specific, you can turn off reminders for a particular customer or invoice.

If you offer a discount to customers who pay early, it can encourage them to pay more promptly, or at least on time. It’...
22/09/2021

If you offer a discount to customers who pay early, it can encourage them to pay more promptly, or at least on time. It’s also wise to tighten payment terms for repeat late payers.

There’s no reason you can’t set a 15 or 21-day payment window, rather than the standard 28 or 30 days.

Improvement of Your BusinessExpanding your business was always tough. Still, together with the development of advanced t...
19/09/2021

Improvement of Your Business

Expanding your business was always tough. Still, together with the development of advanced technology, this task became even tougher. This is a good sign for you that you need to invest smart. Yet, if your budget is limited, then you probably won’t know how to organize your budget in the right way. Besides that, you may establish unrealistic goals which will lead to making wrong decisions.

Fortunately, after checking your finances, we will be able to give you some useful pieces of advice. We have years of experience in the business arena and when you hire us, you’ll have access to our expertise without the need to spend a lot of time and effort to learn from scratch. We can provide advice on how soon can you expand and if your business has the financial capacity to expand. Our knowledge in the industry can improve your decision-making while minimizing risks.

These pieces of advice will be quite useful for your budget. You will stop spending money on the wrong things and you will be able to invest it in something new.

Address

188 Mulgrave Road
Cairns, QLD
4870

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+61740416768

Website

Alerts

Be the first to know and let us send you an email when GKS CA posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to GKS CA:

Shortcuts

Share

Category