Auditsure Accounting Services

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Auditsure Accounting Services Accounting and taxation specialists for individuals and small businesses. We will keep you up to date Then welcome to Auditsure Accounting Services.

Are you a small business that requires bookkeeping services but not enough to employ someone, wants to keep abreast of your financial position, manage employees but also needs the services of a Tax Agent for communicating and reporting to the ATO on your behalf?

STUDENT LOAN VOLUNTARY REPAYMENTS If you are looking to make a voluntary repayment on your study loan before indexation ...
17/05/2024

STUDENT LOAN VOLUNTARY REPAYMENTS
If you are looking to make a voluntary repayment on your study loan before indexation on the balance occurs on the 1st June, you will need to make the payment by the 27th May to ensure that the payment has cleared.
If you need payment details then please contact the office if you are a client or access the ATO via your myGov.

Just a reminder that there is just under eight weeks to go until 2023 tax return lodgements are due if you are with a re...
21/03/2024

Just a reminder that there is just under eight weeks to go until 2023 tax return lodgements are due if you are with a registered tax agent.
Please gather your tax information and contact our office regarding an appointment or how to forward your information to us, so that we can prepare your 2023 tax return in a timely manner.
Tick Tock!!!

Just a reminder for all those clients who have already lodged their 2023 tax returns and had a tax payable, that this is...
13/03/2024

Just a reminder for all those clients who have already lodged their 2023 tax returns and had a tax payable, that this is due for payment by the 21st March 2024.
The payment details will be on your 2023 ATO Notice of Assessment. If you are unable to locate this, then please contact the office and we will forward the payment details to you.

Are You A Small Business With Late Lodgements?The ATO announced on the 9th May 2023 that any late lodgement penalties fo...
15/07/2023

Are You A Small Business With Late Lodgements?
The ATO announced on the 9th May 2023 that any late lodgement penalties for failure to lodge on time would be automatically remitted for small businesses. The amnesty applies to outstanding tax returns, business activity statements (BAS) and fringe benefits tax (FBT) with a due date between 1 December 2019 and 28th February 2022.
You will need to have an annual turnover of under $10m at the time the original lodgement was due. The amnesty doesn't apply to privately owned groups, or individuals controlling over $5 million of net wealth.
You have between the 1 June 2023 and 31 December 2023 to lodge and take advantage of this amnesty.
If you are no longer trading but still have outstanding lodgements, then it is important that you get up to date and then cancel your ABN and any other tax registrations such as GST and PAYGW. We can help you with this.
We can also assist with setting a repayment plan to help you deal with any payables that arise from the lodgements.
If you are in this situation, then give us a call and we will help you to get up to date and relieve the stress and worry of being behind on your lodgements.

Let’s get Appy - ATO App With the new financial year not far away, it is a good time to start getting organised. Make t...
07/06/2023

Let’s get Appy - ATO App
With the new financial year not far away, it is a good time to start getting organised. Make tax time easier by using the ATO app. It has a lot of functions, is easy to use and has a great help menu, ensuring you are prepared for tax time.
Some things you can use the app for include:
• capturing and storing your receipts with the myDeductions tool which you can share with me via email or upload the data to be made available through the prefill report in Online services for agents
• enter your trips by using the km’s travelled section of the app
• viewing when lodgements and payments are due
• checking available pre-fill information
• viewing a summary of your accounts including income tax and activity statements – quickly access transactions, payment plan details and make payments in ATO online
• checking your personal and business details and seamlessly access ATO online to make updates
• viewing your superannuation information and items that may need attention or action
• checking your details using the ‘Registered agent details’ feature.

Read about the app features on the ATO link below.
https://www.ato.gov.au/General/Online-services/ATO-app/?=redirected_app
The ATO app is available to download from Google Play or the App Store.

Small Business Instant Asset Write-OffIn the 2023 Federal Budget the instant asset write-off threshold has been temporar...
10/05/2023

Small Business Instant Asset Write-Off

In the 2023 Federal Budget the instant asset write-off threshold has been temporarily increased to $20,000 from the 1st July 2023 to 30th June 2024. The threshold is GST exclusive, so if you are registered for GST, the value of the asset purchased is under $22,000.

For assets of $20,000 or more, they can still be placed in a small business pool and depreciated at 15% in the first year and 30% for each year there after.

For the remainder of the 2023 financial year, any asset purchased that is first used or installed ready for use by the 30th June 2023, can be expensed in full using the temporary full expensing measures. There is no threhsold on these measures.

If you have any queries, please do not hesitate to contact our office.

Super Is Increasing!Just a little reminder that your super guarantee (SG) payments are due on the 28th of the month foll...
27/04/2023

Super Is Increasing!
Just a little reminder that your super guarantee (SG) payments are due on the 28th of the month following the previous quarter. That is, March 23 quarter SG is due for payment on the 28th April 2023. The payment must be paid into the correct fund by this date, otherwise they will be late and you will not be able to claim a tax deduction for the SG.

If you are an employer, the SG rate is increasing from the current 10.5%. You will need to pay 11% SG from the 1st July 2023. This is to be paid for all eligible employees, regardless of how much their earnings are.

If you are an employee, it is always a good idea to regularly check with your super fund to ensure that the payments are being made to your fund. This can usually be done by logging into your super account on line with your super fund. If you don't think your super is being paid, then talk to your employer. The ATO can also assist with this, use the link below.
https://www.ato.gov.au/calculators-and-tools/report-unpaid-super-contributions-from-my-employer/

Cryptocurrency Records For Taxation PurposesIf you have been transacting in cryptocurrency, remember that each sale, tra...
13/04/2023

Cryptocurrency Records For Taxation Purposes

If you have been transacting in cryptocurrency, remember that each sale, transfer and swap counts as a disposal for capital gains tax (CGT) purposes. The ATO have access to this infomration and it appears on your ATO prefill report that you have held or disposed of cryptocurrency in the financial year.

Taxpayers who have entered the crypto world will use a platform on which they trade on, much the same way as share traders do. At year end when it comes time to do your tax, we ask that you download a order history report and also a send/receive report in csv format. This will include all transactions that have occurred in your wallet whether through buying or selling, as well any airdrops, staking rewards or other types of transfers. We use these csv files to upload into an Australian Taxation Crypto Calculator in order to quantify your capital gain tax situation for the financial year.

At some stage you may find that you are unable to gain access to your wallet so it is advised that you regularly export these csv files of your transactions, perhaps every quarter. Before closing a wallet, always make sure you export a full transaction history.

The ATO link below shows the records that you must keep for taxation purposes and tips for protecting your crypto asset records.

https://www.ato.gov.au/individuals/Investments-and-assets/crypto-asset-investments/keeping-crypto-records/

If you have any queries please do not hesitate to contact our office.

30/03/2023

Some great feedback from clients really makes your day. 😊

"We feel so fortunate to have Sandra as our accountant.

Not only has she got a beautiful, personable manner but we love the way she is always willing to answer our questions and queries in a knowledgeable and informative manner.

Furthermore, if she doesn’t know the answer, Sandra will make inquiries and get back to us promptly.

We would highly recommend Sandra as a highly professional accountant."

Mary Menta and Glenn Waterhouse

Thank you Mary & Glenn for your kind words. This enforces that our professional goals are being reached. 👌

Address

87 Main Street
Croydon, VIC
3136

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61397237144

Website

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