TPMA Tax & Accounting

Thank you for the wonderful review. It was a pleasure working with you. 🫶🏻

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TAX | BUSINESS ADVISORY
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Thank you for the kind review! 🫶🏻
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TAX | BUSINESS ADVISORY
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Employee staff? Finalise your Single Touch Payroll (STP) data now. ⏱️
Employers need to make a finalisation declaration by 14 July. 🗓️ Double check your STP reporting is correct before doing so.
#2024

Reminder that bookings are open for 2024 tax returns!!

Contact us today if you need assistance
[email protected] or on 0412178188

For all our new followers, allow me re-introduce myself!

My name is Vickie. I am the principal of TPMA Tax & Accounting. I am a CPA and specialised in small to medium sized businesses and investments, investment properties and shares, etc.

I am passionate about making accounting easy, helping you understand and save tax.

We have a team of people looking forward to helping you in your journey. Whether that be,
running a business, buying a house or investing long term.

Reach out now to find out how we can help you!

Happy Lunar New Year 🐉 May your Year of Dragon be filled with happiness and prosperity.
#2024

Cheers to a fresh start, limitless happiness and new opportunities. May this 2024 bring you everything you desire and more 🎊🎆
#2024

Office setup in progress…looking forward to seeing you in the new year 🎉

Please kindly note our office closure!

We would like to take this opportunity to wish everyone a wonderful and restful summer break! And a new year filled with happiness, health, fulfillment and much success!

Thank you for your business throughout 2023, we look forward to being of continued quality service to you in the new year.
🎄🎅🏻🥂

October 31 deadline is approaching, avoid penalty and register to do your tax return with TPMA Tax & Accounting.
0412 178 188
[email protected]

We have been so booked out the last few months - happy to announce some available in October for 2023 tax returns.

Dm or email to book your spot as they always go so fast!

[email protected]
0412 178 188

#2023

Effective from 1 July 2023:
✨ The national minimum wage will increase by 8.6%, to $23.23 per hour.
✨ The superannuation rate will increase from 10.5% to 11%. Further increases of 0.5% are scheduled each year until 2025 when the rate reaches 12%.

➡️ Business owners, please make sure you allow for the increase in wages and superannuation when creating a budget for FY23-24.

A Friendly Reminder for EOFY 2023 ‼️

June is fast approaching!

We are ready for all of your end of year tax compliance and appointments for 2023 tax returns. Get in contact now to book!
📱0412 178 188
📧 [email protected]

Thank you so much for trusting and appreciating our service! 💕

Happy Easter to you & your family 🐣.

📢 Important Dates in April

🚨Attention all taxpayers! 🚨

🗓️ Don’t forget to lodge your tax return for FY2021/22 by 15 May 2023 ⏰

⚠️ Keep in mind if you don’t use a registered tax agent, the deadline has already passed on 15 October 2022.

⚠️Don’t risk paying hefty penalty! The penalty unit has increased to $275 from $222 as of 1 January 2023.

Need help lodging your tax return? Contact us now for a quote and get it done right on time.

📱 0412 178 188
📧 [email protected]

Bookkeeping is a critical aspect of financial management for any businesses regardless of size. It allows you to take control of your finances, ensuring that you are monitoring your spending and keeping track of unpaid invoices.

In this post, we explore five reasons why bookkeeping is essential for businesses.

If you’re not currently keeping accurate financial records, it’s essential to start today to ensure the long-term success of your business.

Get in touch for your bookkeeping needs today.
📲 0412 178 188
📧 [email protected]

📢 CHANGES IN WORK FROM HOME DEDUCTIONS

Recently the ATO released practice guidance PCG 2023/1 regarding deductions of work from home expenses. Here are some of the key changes thay you need to know to prepare for your tax return 2022/2023:

⭐️ Currently, there are two methods which individuals can choose from when claiming work from home expenses:
📌 The fixed rate method
📌 The actual cost method

⭐️ The actual method remains unchanged.

⭐️ The revised fixed rate method:

✅ The cent per work hour has increased from 52 cents to 67 cents.
✅ The requirement that individuals must have a dedicated home office to use the fixed rate method has been eliminated.
✅ The updated fixed rate method covers expenses such as energy, Internet, mobile and home phone, stationery, and computer consumables.

⭐️ Record keeping:

🆘 Starting from 1 March 2023

You must maintain a record of the total number of actual hours worked from home throughout the income year.

Providing an estimate for the whole year or based on a specific period and applying it to the entire year will not be accepted ❌🙅‍♀️

Determining whether an individual is an employee or a contractor is not as simple as many people might think 🧐 👨‍💻

🎯According to the ATO, the critical differences between an employee and independent contractor are:

📚An employee serves in your business, performs their work as a representative of your business.

📚An Independent contractor provides services to your business and perform work to further their own business.

Your tax, super and other obligations will vary depending on whether your worker is an employee or contractor.

👇 Book a free call with us today.
☎️ 0412 178 188

If you’re a Sole Trader and need to get your taxes organised, start by following these expert tips for maximising your return! ✔️📈

📞 0412 178 188
📧 [email protected]

Thinking of starting a business? Not sure what the ’right way’ is? Contact us and we will help get your new business set up right from the start and support you to achieve your business goals.

📱0412 178 188
📧 [email protected]

Wishing you and your family a very merry christmas and a wonderful new year 🎄🎅🏻

Part of your obligations as an employer is to pay superannuation guarantee. Please ensure you’re meeting the super obligations.

✅ Pay your employees the right amount of super.
✅ Select a super fund to pay your employees’ super contributions.
✅ To avoid super guarantee charge, pay your employee by the quarterly due date.
✅ Record keeping.

More information on ATO website
https://www.ato.gov.au/Business/Super-for-employers/Super-obligations-for-employers-checklist
*Source: ATO

Needing a hand with your accounting and taxation needs?

We provide a variety of accounting, business advisory, and taxation services to individuals and businesses.
✅ Fast and Easy
✅ Expertise with 10+ years of experience
✅ Maximise your tax refund
✅ All-rounded tax services

Book a time to discuss this with us👇
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TPMA Tax & Accounting
📧 [email protected]
📞 0412 178 188

If you’re a director of an Australian company you must apply for your Director Identification Number (director ID).
Have you done yours?🙋‍♀️ If not, you’ve got until 30 November 2022. All you need to do is:
1️⃣ Set up myGov ID (if you haven’t done so already)
2️⃣ Gather your documents
3️⃣ Complete your application

Don’t leave it to the last minute - apply now:
https://www.abrs.gov.au/director-identification-number/apply-director-identification-number