KLP Taxation

01/07/2022

Tax time is here – but not so fast! ✋

If you wait until late July before lodging, most of your info will be pre-filled for you! This includes your employment income, bank interest, private health insurance, dividends, and most government payments you may have received.

All you’ll need to do is check your info, add anything that’s missing, include any deductions – and you’re done! 🙌🥳

Tip: Avoid needing to make changes later by making sure all your income statements are marked as ‘tax ready’ before your lodge ✔️

To find out more, visit www.ato.gov.au/Individuals/Your-tax-return/How-to-lodge-your-tax-return/Lodge-your-tax-return-online-with-myTax/Pre-filling-your-online-tax-return/

18/11/2020

A NSW man was handed a criminal conviction and fined $1,500 yesterday after claiming false work-related expenses on his tax return 💲🙅

The bank exec claimed more than $15,000 in travel expenses for ‘overseas conferences’ even though he hadn’t left the country that financial year! 🤦

If you’re thinking of claiming work-related deductions, remember to follow the three golden rules:
💸 You must have spent the money yourself and weren’t reimbursed
🛠️ It must directly relate to earning your income
🧾You must have a record to prove it.

To find out more about the case and why it’s important to double check your claims, head to www.ato.gov.au/General/The-fight-against-tax-crime/News-and-results/Case-studies/Tax-crime-prosecution-case-studies/

03/08/2020

https://www.couriermail.com.au/business/ato-issues-new-crackdown-warning-over-covid-superannuation-claims/news-story/78d2ee45bd66664fe4e231f87ed3bff8

Aussies have jumped at the chance to withdraw cash from their super balances this year – but if you’ve flouted the rules, it could soon come back to bite you.

01/06/2020

KLP Taxation - Tax Time 2020 Updated Procedures & Pricing - https://mailchi.mp/dd46c129a3be/klp-taxation-tax-time-2020-updated-procedures-pricing

14/04/2020

We know many businesses have been impacted by COVID-19, and we’re here to help.

The new JobKeeper payment is now available for eligible employers to help them pay their employees.

If you’re an employer looking to apply for the JobKeeper payment, there’s no need to call us - check out the steps you need to take to get ready to receive the JobKeeper payment for your employees at www.ato.gov.au/general/gen/JobKeeper-payment/

30/03/2020

If your business is looking to take advantage of the new JobKeeper payment announced by the government, you don’t need to call us. Register for updates online at www.ato.gov.au/general/gen/JobKeeper-payment

30/03/2020

In the interests of keeping our Staff and You our customers safe during the COVID-19 outbreak, KLP Taxation has had to implement some temporary changes for the safe running of our office.

All staff will now be working where possible from home. There will now only be one staff member in attendance at the office. This may mean that you may not always reach us via telephone. Rest assured we are still operating.

Our preferred method of contact is now via email: [email protected]
Please don’t hesitate to contact us with any of your accounting questions and concerns in these uncertain times.

Your email will be directed to the appropriate staff member who will either contact you via phone or email. We can also arrange video conferencing via ‘zoom’ where needed.

Where possible we ask that do not attend the office in person without first contacting us as you will be refused entry.

We understand that this is a difficult time for all, and it is extremely important that we all do our bit and following the health and social distancing advice of our Federal and State Governments.

02/02/2019

20/12/2018

Our office will be closed from Friday the 21st of December until Tuesday the 29th of January for a well earned break. We would like to wish you and your families a very merry Christmas and a safe and prosperous New Year. See you in 2019!

29/06/2018

Don’t get caught making common mistakes. Come in and let us take the stress out of preparing your tax this year.

The ATO will be contacting over 1 million taxpayers either directly or through their tax agent in the coming months

03/05/2018

If your claiming you motor vehicle this tax time, make sure you are entitled to the claim!!

We recently investigated a taxpayer who claimed $3,800 for transporting bulky tools to and from work. He said there was no secure area to store them at his workplace… but when we talked to his employer, they told us that he had a company car and didn’t actually need to transport the equipment 🤔

Since the taxpayer didn’t incur any expenses and knowingly misrepresented his circumstances, we knocked back the claim and applied a penalty.

Read about more dodgy claims and get the low-down on car expenses at ato.gov.au/Media-centre/Media-releases/ATO-driven-to-scrutinise-car-claims-this-tax-time