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

Perth Accounting and Taxation

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Australia
Darch, WA
Perth Accounting and Taxation

A young and progressive accounting and taxation firm with over 10 years of experience, are committed to providing quality service and take pride in our work.

We service the Perth, Northern and Southern regions of Western Australia. Cloud accountants, partnered with Xero, fixed fees.

22/12/2023

MERRY CHRISTMAS
OFFICE CLOSURE
As another year comes to an end, I would like to wish everyone a Merry Christmas and a happy New Year.
I would also like to thank all our clients for their continued support during the year.
Our office will be closing from the 22nd December 2023 and re-opening on the 8th January 2024.
Happy Holidays!

01/03/2023

ATO announces changes to working from home deductions - Fixed Rate Method

The revised fixed rate method applies from 1 July 2022 and can be used when taxpayers are working out deductions for their 2022–23 income tax returns.

The cents per work hour has increased from 52 cents to 67 cents.

The revised fixed rate of 67 cents per work hour covers energy expenses (electricity and gas), phone usage (mobile and home), internet, stationery, and computer consumables. No additional deduction for any expenses covered by the rate can be claimed if you use this method.

07/11/2022

You need a director identification number (director ID) if you're a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation.

08/07/2022

ATO’s focus for small business tax returns for 2021-22

1. Deductions that are private in nature and not related to business income, as well as overclaiming of business expenses (especially for taxpayers running a home-based business)

2. Omission of business income, for example income from the sharing economy or new business ventures

3. Record keeping – including insufficient or non-existent records that are needed to substantiate claims.

06/06/2022

Happy WA day to you all.

24/05/2022

What is the super guarantee charge?

There are many things to remember when paying superannuation for your employees but knowing the difference between super guarantee (SG) and the SG charge may just be the most important.

The SG charge is an additional amount you'd need to lodge and pay to the ATO if you didn't pay your employees' super:

1. on time by the quarterly due date
2. at the current rate of 10%, or
3. to the right fund (e.g. employee's chosen fund).

If any of the above applies to you for quarterly super payments due on 28 April, your organisation must lodge a Super guarantee charge statement online by 30 May (as 28 May falls on a Saturday) and pay the SG charge to the ATO. By doing this, you will avoid significant penalties.

The way you calculate the SG charge is also different from how much SG you pay to your employees' funds. The SG charge is calculated on an employee's total salary and wages (including overtime and some allowances) and includes interest and an administration fee of $20 per employee, per quarter.

If you’re worried you'll have difficulty paying the SG charge, contact us so we can work with you to find a solution tailored to your situation.

25/04/2022

Lest we forget. ANZAC

04/04/2022

If your self-managed super fund (SMSF) annual return (SAR) for 2020–21 is due 15 May 2022, you needed to appoint an auditor no later than 1 April 2022, to meet the May deadline.

If you don't think you can lodge on time, contact the ATO or us to see how we can help.

In preparation for your lodgment, you also need to:

1. Complete a market valuation of all your assets.
2. Prepare your fund's financial statements.
3. Provide signed copies of these to your auditor – so they can
determine your financial position and your fund's compliance
with super laws.

10/02/2022

Do your employees travel for work?

If you have employees who travel for work, the ATO have new guidance available on their website to help you determine whether to pay them a travel or a living-away-from-home allowance (LAFHA).

There are some key differences between the two allowances:

1. A travel allowance will need to be included as an amount in your employee assessable income and may need to have tax withheld from it. It covers accommodation, food, drink or incidental expenses an employee incurs when they stay away from their home overnight to carry out their duties.

2. A LAFHA payment you provide to your employee may be considered a LAFHA fringe benefit and will need to be reported in your annual fringe benefits tax (FBT) return. LAFHA is paid to compensate an employee for additional living expenses they incur if they're required to live away from home.

If you require any help, feel free to contact us.

13/12/2021

MERRY CHRISTMAS
OFFICE CLOSURE

As another year comes to an end, I would like to wish everyone a Merry Christmas and a happy New Year.

I would also like to thank all our clients for their continued support during the year.

Our office will be closing from the 17th December 2021 and re-opening on the 10th January 2022.

Happy Holidays!

Address

Monaghan Circle
Darch, WA
6065

Opening Hours

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

Website

http://www.pacctax.com.au/

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