We are working from home. Our offices are shut.
In response to the coronavirus threat and government advice, we have implemented a working from home system. We will conduct business as usual however our offices will be shut. You can send documents to us electronically.
Coronavirus - economic stimulus package
The Australian government has been putting together an economic stimulus package to help Australians get through the coronavirus pandemic and its economic effects. However the package has repeatedly changed and would be expected to continue to change as the situation in Australia changes.
For up-to-date information as it unfolds, the government's economic stimulus package and other resources can be found here:
Try our obligation-free quotes to find out how much money we can save you
If you are a business we can provide a fixed quote of our fees plus a promise of how much money we will save you. If we don't meet that promise then our fees reduce to zero!
This is a quick and easy service that can be done completely by email and phone.
Personal Superannuation Contributions
Making a personal superannuation contribution to be claimed as a deduction can be a great tax strategy, as long as you follow the correct procedure.
In order to claim a deduction for your personal superannuation contribution you must
Tax Returns by Phone Australia-wide
- lodge your Notice of Intention to claim as deduction form to your superfund no later than the earlier of the following dates:
- The date you actually lodge the tax return
- 30 June of the year following your tax return year
for example if in May 2019 you made a personal superannuation contribution you must lodge the form before 30 June 2020 or before the lodgement date of your 2019 tax return, whichever date comes first.
- Receive confirmation of receipt of that notice from your superfund.
Bentley Accounting can prepare your tax returns over the phone. This is the same level of service you get when coming to a face-to-face meeting with a professional accountant.
You don't need to have any knowledge of Tax Law whatsoever, and you don't need to know how to prepare a tax return.Sending your documents to us
In order to provide our services over the phone we may need to receive certain information from you. If you are having concerns about providing this information, or if the idea of a guaranteed Refund Quote sounds too good to be true, this article will attempt to address your concerns.Paying too much super = Extra tax
If your superfund has received contributions totalling over the cap then you will be charged an extra tax called "Excess concessional contribution charge".
If this has happened to you the Tax Office will send you a letter detailing what has happened. The end result is that the excess super contributed causes a tax liability.
However, you have an opportunity to elect to have this excess paid out of your super fund balance (which will be included in the letter sent by the ATO.
Employers must use Single Touch Payroll
Single Touch Payroll (STP) is a requirement of reporting tax and super information to the Tax Office as you pay wages.
SuperStream - a new mandatory system for paying and receiving superannuation
- If you need to report, you will need to use special complying payroll software
- There is an exemption for closely held employees for the 2020 financial year and quarterly reporting afterwards (the Tax Office may change this plan in the future)
- All other employees must have their wages reported every time they are paid (ie weekly, fortnightly or monthly)
- There are numerous software options available
SuperStream is the way businesses must pay employee superannuation guarantee contributions to super funds. With SuperStream money and data are reported electronically by the employer.
Small Business Employers - Make sure that you are paying super using the SuperStream system.
Self Managed Superfunds - Make sure that you are registering to use SuperStream in order to report the receipt of contributions to the Tax Office.
The importance of using a Certified Practising Accountant
A Tax Agent who is also a Certified Practising Accountant (CPA) is a person who has extensive academic qualifications including 7 years of tertiary studies, as well as years of hands on experience in the accounting field. It is also someone who is bound by law as well as by CPA Australia's Ethical Code of Conduct.Materials to provide for your Tax Returns and Activity Statements
We have created a list of items that we will need from you in order to prepare your Tax Returns and Activity Statements.
You can send these items to us by post, email, or by uploading your files to our server.
Methods to send your documents and files to us
We discuss the different options available to you, from posting to sending via your mobile phone. You can even upload your data straight to our server.
Key Dates and Important Compliance Issues
Our clients should keep themselves updated on their obligations regarding tax, superannuation, workers compensation insurance and other relevant issues.
We have attempted to present this information in a clear and concise way in our Key Dates page. However you may have further obligations which are not covered in this page (including obligations to your employees under Fair Work, the full range of obligations as Directors of a company under the Corporations Act and requirements to keep your workplace safe in line with Workplace Health and Safety Laws).
You can use our Links page to explore your other obligationsNew Added Compliance Requirement for Businesses in the Building Industry
Every year businesses in the construction industry that have made payments to contractors for building and construction services will need to lodge a "Taxable payments annual report" listing the details of each building/construction contractor that has been paid during the year, by 28 August of that year.