News

Tax scams start phishing early

With tax time underway the ATO are seeing an increase in reports of email scams that try to steal personal information. Scammers pretending to be from the ‘myGov customer care team’ are sending emails that include screen shots of the myGovID app, asking people to verify their identity by clicking on a link. The ‘secure...
Read More

Individual Tax Return Checklist

To assist in collating the information for your personal Income Tax Return for the 2021 financial year, the following link provides a checklist of items to consider prior to attending your appointment or forwarding your taxation information to our office. BQK Individual Tax Return Checklist
Read More

Super guarantee rate rising on 1 July

A reminder to our clients who are required to remit super guarantee (SG) for their employees, that on 1 July 2021, the SG rate will increase from 9.5% to 10%. For payments of salaries and/or wages on or after 1 July 2021, the minimum SG contribution rate of 10% will need to be applied. If...
Read More

Pre June 2021 Tax Planning

With the end of the 2021 Financial Year approaching fast, the following link provides a list of items to consider pre 30 June 2021 for tax planning purposes. Please call our office if you would like to discuss any of these items further. Pre June 2021 Tax Planning Information Sheet  
Read More

Cryptocurrency Warning

Cryptocurrencies will get a lot more attention this tax year after the ATO expressed concern that Australian taxpayers may not fully understand the taxation implications of buying, holding and selling this class of asset. In particular, the ATO believes people may have the misconception that cryptocurrency gains are tax free, or only taxable when the...
Read More

Western Australian Government Small Business Lockdown Assistance Grant

Western Australian Government Small Business Lockdown Assistance Grant As a direct result of the recent ANZAC Day long weekend lockdown in the Perth, Rottnest & Peel regions, the WA Government announced a $2,000 grant for eligible businesses. The payment is intended to offset direct costs incurred due to the lockdown. The grant is to assist...
Read More

BQK Tax Flash – JobMaker – First Claim Period Closes Soon

A reminder to our clients, who are eligible for the JobMaker Hiring Credit (“JobMaker”), that the first claim period closes next Friday, 30 April and must be reported through STP software by next Tuesday, 27 April. Broadly speaking JobMaker may be available if clients have employed new staff who had previously been receiving some form...
Read More

Renew links and authorisations in RAM before they expire

Relationship Authorisation Manager (RAM) and myGovID were introduced by the ATO around 12 months ago to provide a more secure digital environment to access the Business Portal. In Relationship Authorisation Manager (RAM), business links for primary persons and Basic authorisations are only valid for up to 12 months. You’ll receive emails from the ATO reminding...
Read More

ATO Business Portal Replacement

The Business Portal will soon be replaced with the new Online Services for Business – ato.gov.au/OSB With a range of new features, this new service allows you to interact with the ATO in a more contemporary way. Online services for business can be accessed on multiple devices, including smart devices like your phone or tablet....
Read More
Read More
Tax scams start phishing earlyWith tax time underway the ATO are seeing an increase in reports of email scams that try to steal personal information. Scammers pretending to be from the ‘myGov customer care team’ are sending emails that...
Read More