Bottrell Accountants, Financial Planners & Tax Agents

Jodie’s Place at Cessnock

Jodie’s Place at Cessnock Bottrell Business Consultants feel very privileged to be able to assist Jodie’s Place at Cessnock with much needed food, toys and non-perishables for its clients. We hope that everyone can get behind them this year.   The team at Jodie’s place offer great service and support. Interested in joining our team? […]

Business Start up

Business Start up  Are you a Business Start up  in the Newcastle Area? Have you been into the Hunter Street Mall lately? There recently has been a large number of small business start-ups opening. If you are looking to start your own business, please contact the team on 02 49336888.   Interested in joining our […]

When does Luxury Car Tax apply?

When does Luxury Car Tax apply? Luxury Car Tax is payable on a vehicle when: The vehicle is purchased from a dealership. The vehicle is less than two years old, (as measured from the build date for locally built cars, or the compliance date for imported cars). The vehicle’s price (including GST, excluding government charges […]

What constitutes Ordinary Times Earnings for Superannuation

What constitutes Ordinary Times Earnings for Superannuation   Payments to an employee in relation to … Salary or wages? OTE? Awards and agreements Overtime hours – award stipulates ordinary hours to be worked and employee works additional hours for which they are paid overtime rates Yes No Overtime hours – agreement prevailing over award Yes […]

Payroll Tax

Payroll Tax Payroll tax is a state tax on the wages you pay to employees. It’s calculated on the amount of wages you pay per month. You need to pay payroll tax if your total Australian wages exceed the exemption threshold in your relevant state or territory – which varies between states and territories.   […]

NSW Payroll Tax

NSW Payroll Tax Payroll tax is applied to a business’s New South Wales (NSW) wages that exceed the payroll tax threshold. The payroll tax rate is 5.45%. The payroll tax threshold for 2013 – 2014 (July – June) is $750,000. The monthly threshold amounts are: Days in the month Threshold 28 days $57,534 30 days […]

Work-related car expenses

4 Methods of claiming work-related car expenses are as below:   Method 1 – Cents per kilometre method   If you use this method:   you do not need written evidence but you may need to be able to show how you worked out your business kilometres (for example, by producing diary records of work-related […]

ATO Claims

ATO Claims Claims of $300 or less ATO Claims Tax payers do not need written evidence but the ATO may ask how the claim was worked out and explain why the claim is reasonable, based on the requirements of the tax payer’s occupation. People can make reasonable estimates.   Specific exclusions from record-keeping or substantiation […]

PAYG VARIATIONS

PAYG VARIATIONS If you are employed, your employer is required to withhold tax during the year to cover your estimated tax liability from your income- this is called your PAYG withheld amounts   But those who have a negatively geared property will have less taxable income than their employer estimated, which of course you get […]

Car Expenses

Car Expenses You can claim a deduction for expenses that you incur in using your car for work. However, ordinary travel to and from work is not a work-related car expense. This is so even if: you have to travel between home and work more than once a day, or you are required to travel […]

Why hire mature aged workers

Why hire mature aged workers There are many benefits. They bring varied and very important skills and experience to the workplace. As they’re often the staff with the most experience, keeping them for as long as possible means that your business will continue to benefit from their skills and knowledge. Employing mature age workers makes […]