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The TOP 10 BEST Bookkeepers in Cairns QLD

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LBA Partners

cluav397h000b08la3utk9311 Rental bond data matching program continues

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The ATO has announced that it will continue rental bond data matching to the 2025-26 income year. This program first commenced in 2005, collected data dating back to 1985 and has continued since then. According to ATO estimates, records relating to around 900,000 properties will be obtained each financial year. This data will be used to identify under-reporting or non-reporting of income in tax returns, the misapplication of CGT provisions leading to under or non-reporting in relation to sale of properties, and non-compliance with foreign investment laws.

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LBA Partners

clu28nk5y000j08l52k0lbyx7 ATO concerns over Div 7A

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Division 7A of the ITAA 1936 was originally introduced as a way to uphold the integrity of the tax system by ensuring the fair taxation of transactions between private companies and their stakeholders. As it is such a complex area, the ATO is working in partnership with tax professionals in 2024 to raise awareness of common errors and issues identified. These include keeping adequate records, properly accounting for and reporting payments as well as the use of company assets by shareholders and associates, and complying with rules around Div 7A loans.

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LBA Partners

clt88jn19001g08jr8fbug6ub SBSCH and SMSF bank account validation

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To safeguard retirement savings held in SMSFs from fraud and misconduct, the ATO is rolling out new security features. One soon to be implemented feature consists of checking for a match between an employee’s SMSF bank account details and the SMSF record when electronic payments are made via the Small Business Superannuation Clearing House (SBSCH). Where there is a mismatch, SBSCH cannot accept payments to an employee’s SMSF until the error is resolved.

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LBA Partners

clsy8d5aq000d08leehw61e23 Australia’s love affair with SMSFs continues

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Establishing a self managed superannuation fund (SMSF) offers a variety of benefits, so it is perhaps no surprise that in the latest data released by the ATO, the number of SMSFs in Australia continues to grow as more people seek to take advantage of control and flexibility offered. However, taxpayers seeking to establish SMSFs should also be aware of the challenges and considerations that can significantly impact these funds’ suitability for individual retirement planning, such as the complexity and responsibilities involved.

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LBA Partners

clso8fkfq000b08l6dqdoehkz FBT electric vehicle home charging rate

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With the rise in businesses purchasing EVs for the use of their employees, the ATO has finalised its guidelines setting out the methodology for calculating the cost of electricity when an eligible electric vehicle is charged at an employee’s or an individual’s home. The rate of 4.20 cents per km has been listed as the appropriate figure and will apply from 1 April 2022 and later FBT years. To use this rate, employers will need to keep a record of the distance travelled by car and a valid logbook must be maintained if the operating cost method is used.

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LBA Partners

clse7g7dw001o08jz0a8j7ows Tackling offshore tax evasion

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With the revelation that an increasing number of ordinary professional Australians are turning to establishing offshore companies as a way to decrease the amount of tax paid in Australia, the ATO has warned against the move and is using the many tools available to it to tackle the problem before it becomes established. This includes using advance data analytics to identify and cross-reference information from various sources, actively participating in the exchange of tax information with various countries and gathering information through multi-agency taskforces.

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LBA Partners

cls47y7or000b08ju9hcagvik Stage 3 tax cuts vs proposed changes

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With the government finally caving into pressure to change the stage 3 tax cuts despite previous promises to keep the already legislated measure, new proposed tax rates have been flagged to come into place from 1 July 2024 which largely benefits those earning less than $45,000. The government will now be starting a campaign to win support for these proposed changes from various senators to ensure amending legislation is introduced and passed before 1 July 2024 when the original stage 3 changes were due to apply.

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LBA Partners

clrk7xow9000f08jscdb71310 Employee vs contractors: new rules

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Following two prominent High Court decisions which dealt with the distinction between employees and independent contractors, the ATO has sought to provide guidance to businesses in the form of a Taxation Ruling. The most significant departure from its previous position is that the ATO now considers that various indicia of employment identified in case law, while relevant, should only be considered in respect of the legal rights and obligations between the parties, with the most important factor the holistic consideration of the contract between the parties.

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LBA Partners

clq676u4u000q08jx2vxp90sf ATO areas of interest for the coming year

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As 2024 approaches, the ATO has highlighted three areas of focus for businesses which will persist into the new year. These include steps to address cyber security and increased protection of personal data, addressing the growth in the collectable debt book particularly for small businesses, and improving overall tax performance and stamping out the shadow economy. The takeaway message for businesses, especially small businesses, for the coming year is to be proactive and engaged with the ATO in terms of any unpaid tax or super debts and securing their data.

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LBA Partners

clpw7a0y4000b08lb3knhdtoz Holiday homes not genuinely available for rent

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Owners of holiday homes should be aware that deductions may not be able to be claimed where a property is not genuinely available for rent. Factors that may indicate a property is not genuinely available for rent may surprise, and could include “unreasonable or stringent conditions” placed on renting out the property, such as “no children” and “no pets”. In instances where there is a short-term accommodation restriction by the State or Local government for part of the year, or where the owner uses the property for personal purposes for part of the year, expenses may have to be apportioned.

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LBA Partners

clpm74dwo000b08iff5q90p9h ATO pauses debts on hold campaign

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The ATO has apologised for the “unnecessary distress” caused to taxpayers with its recent awareness campaign around tax debts that were previously put on hold. Recently, the ATO had written to some small businesses with debts on hold greater than $50 to inform them that offsetting of debts will apply. It notes that the purpose of the letters was to ensure that taxpayers had full visibility of their existing debts with the ATO, however, it will pause the campaign to allow a review into its overall approach to debts on hold before progressing any further.

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LBA Partners

clpc6rm9l000b08l9965958hc Employer SG obligations: annual report

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In the most recent employer super guarantee compliance and obligations report from the ATO, most employers seem to be doing the right thing by their employees and complying with super guarantee obligations without intervention. This rate has remained steady from the previous year. Going forward, as a part of the government announced a package to move to “pay day” super, the ATO will have improved SG recovery targets each year which is to commence from the 2026-27 financial year.

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LBA Partners

clp2729re000k08jrfqkmaksa ASIC identifies suspicious investment opportunities

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ASIC has published an investor alert list which may help consumers to identify whether entities they are considering investing with could be fraudulent, a scam or unlicensed. This new investor alert list replaces the previous list of “companies you should not deal with” issued by ASIC but has the advantage of including both domestic and international entities that the regulators are concerned about. The alert list also includes imposter entities. For consumers looking to invest, ASIC recommends conducting various checks before handing over any money.

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LBA Partners

clos5hgjm000b08l811q922ua ATO’s GST compliance focus

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At a recent conference, the ATO’s GST focus areas for 2023-24 were outlined. In addition to its previous focus on small businesses, the ATO will also implement a targeted industry strategy in relation to privately owned high wealth groups focusing on retail, construction, and retirement village industries. It is hoped that this targeted approach will allow the ATO to understand the distinctive issues facing each industry and pinpoint areas or risk to develop tailored approaches to ensure entities within particular industries are paying the correct amount of GST.

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LBA Partners

cloi5dkg9000b08l870zac9ko International businesses and GST

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GST is a broad-based tax on 10% of most goods, services and other items sold or consumed in Australia. It doesn’t just apply to Australian businesses; international businesses may need to register and pay Australian GST if their GST turnover from sales connected to Australia is AUD$75,000 or more over a 12-month period. For most international businesses, the easiest way to manage this obligation is to apply for simplified GST registration with the ATO, which will allow for online lodgment and payment of GST obligations.

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LBA Partners

clo86t0l4000d08mh4nk8e4o3 Regulation of crypto exchanges on the horizon

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The government has finally taken the first steps to introduce a regulatory framework for crypto exchanges and digital asset platforms in the interests of consumer protection. It proposes to incorporate digital asset platforms and other intermediaries within the existing financial services framework which will involve the introduction of a new type of financial product called a “digital asset facility”. The existing AFSL framework would then apply to any person carrying on a financial services business in Australia in relation to a digital asset facility.

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LBA Partners

clny6y0ap000k08mm01nm92ge Proposed mechanisms for payday super

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In an effort to reduce wage theft and prevent losses in retirement income for many Australians, the government is seeking to legislate its payday super measure, as first proposed in the 2023-24 Federal Budget. As the first step, a consultation paper has been released which proposes two models that could be used to implement the measure. Based on the outcomes of the consultation, the government will redesign the super compliance framework to incorporate payday super, which is proposed to commence from 1 July 2026 subject to the passage of legislation.

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LBA Partners

clno4yjtk000b08msbnjr40t9 Sharing Economy Reporting regime

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Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride sourcing and short-term accommodation are now required to be reported under the Sharing Economy Report Regime. Generally, all operators of electronic distribution platforms (EDPs), must report transactions made through the platform. While the regime ostensibly applies to EDP platforms, it is expected to heavily affect individual taxpayers with the information obtained through the program to be used in ATO data matching and compliance projects.

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LBA Partners

clne6dn2g001008mmfuh239ag Deductions related to holding vacant land

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The ATO has recently released a Ruling that clarifies when deductions for losses and outgoings that relate to holding vacant land will be denied in relation to individuals not conducting a business or in primary production. Among other things, it provides guidance on what is considered to be a substantial and permanent structure on the land, under what circumstances the structure is considered to be available for use, and what structures are considered to be independent and not incidental to the purpose of any other structure.

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LBA Partners

cln46oi4p000e08mb3xgrdrpu ATO shifting to firmer debt collection

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The Commissioner has flagged a return to firmer debt collection actions after seeing a trend of profitable businesses that have the capacity to pay their tax debts but are actively choosing not to. It warns business taxpayers not to treat ATO liabilities like a free loan, and reiterates that businesses are only temporary custodians of GST, PAYG withholding and super guarantee. In addition to applying General Interest Charge (GIC) to unpaid debts, the ATO also has stronger enforcements actions in its arsenal including issuing garnishee notices and legal action.

Need an affordable bookkeeper open now? These 70 results near you are waiting for your call. Here are our top Cairns Bookkeepers with reviews & ratings.

Closed

236 Draper St, Parramatta Park QLD

BAS Agent

Bookkeeping

Payroll

Training

AJA Bookkeeping Services image

Closed

172 Mulgrave Rd, Westcourt QLD

Bookkeeping service

Payroll service

Business consulting

Preparation of superannuation

Closed

176 Scott St, Bungalow QLD

BAS and Bookkeeping Services

Payroll Service

Xero Training

Xero Setup

Closed

111 Cottesloe Drv, Cairns City QLD

Closed

Unit 1/146–156 Anderson St, Manoora QLD

Closed

Woree Plaza 12-20 Toogood Rd, Woree QLD

Closed

13 Cronulla Cl, Kewarra Beach QLD

Closed

278 Ross River Rd, Aitkenvale QLD

Closed

84 Scott St, Cairns QLD

PO Box 1395, Cairns QLD

PO Box 5027, Cairns QLD

Closed

Cairns QLD

Closed

4/31 McLeod St, Cairns City QLD

Closed

129A Lake St, Cairns City QLD

View Cairns Bookkeepers Businesses Below

Moore Street Trinity Beach QLD 4879, CAIRNS QLD

5 (1)

Closed

37 Grafton Street, Cairns City QLD

5 (1)

Closed

12A Aplin St, Cairns QLD

Closed

207 Aumuller St, Westcourt QLD

Closed

1/187 Mulgrave Rd, Cairns QLD

Closed

Suite 1/140 Mulgrave Rd, Cairns City QLD

Closed

1/101 Mulgrave Rd, Parramatta Park QLD

Closed

111 Buchan St, Bungalow QLD

Best Bookkeepers Near Me

Closed

156 Mulgrave Rd, Cairns QLD

5 (1)

Closed

116 Mulgrave Rd, Parramatta Park QLD

Closed

2/16 Minnie St, Cairns QLD

Closed

274 Mulgrave Road, Westcourt QLD

4.7 (3)

Closed

Lvl 1/172 Mulgrave Rd, Westcourt QLD

Closed

274 Mulgrave Rd, Cairns QLD

Open 24 Hrs

185 Mulgrave Rd, Bungalow QLD

Open 24 Hrs

29 Redden Street, Portsmith QLD

Closed

Cairns QLD

5 (1)

Closed

62 Pease St, Manoora QLD

Closed

Cairns QLD

Closed

Cairns QLD

Explore Cairns Bookkeepers Services Near You

Closed

Cairns QLD

5 (1)

Closed

Cairns QLD

5 (2)

Closed

Cairns QLD

2/506 Mulgrave Rd, Earlville QLD

Closed

178 McManus St, Whitfield QLD

Open 24 Hrs

27/7-9 Charlotte Cl, Woree QLD

Featured Reviews of the Best Bookkeepers in Cairns

4.7 Average Rating based on 28 reviews from 40 Bookkeepers near Cairns

Thank you Lennon Chartered accountants for helping me get a better understanding on running a successful business. Highly Recommended.

G left a review for

Lennon Cairns

Excellent service is always received from LBA Partners, always a professional job and very prompt. Thanks

Ben left a review for

LBA Partners

Very fast and professional service.

Joran left a review for

Drescher Accounting

Megan has been looking after my business for over 20 years. She is knowledgeable, pro-active and cares about her clients. I highly recommend Papyrus Business Services.

Sara Millard left a review for

Papyrus Business Services

Sue, Luke and the other staff at Trinity are simply amazing. We took our audit to them and they had it done in about 2 weeks time. The previous accountant took nearly 5 months to get the exact same thing done for us, with the same level of information we provided. I've found their services to be competitively priced as well. I highly recommend this accountant if you want to deal with a professional organisation.

Jason left a review for

Trinity Advisory

Very good business, deal with accounting, book keeping and tax refund.

Ali left a review for

Sam Singh Accounting & Taxation Services Cairns

Temp Accounting & Admin have been handling our business accounting and tax for the last 6 years. Besides being business like and professional they are proactive, they mentor and advise all the way through the year - that's priceless in an regulatory and competitive environment that continues to pressure all businesses. Well run professional business with very approachable people.

Mark left a review for

Temp Accounting & Admin T/As Absolute Tax & Bookkeeping

Our business has used Start IT Consulting (Heather) for many years now and her knowledge and help with Reckon Accounts, BAS and tax matters has contributed to the smooth running and success of our business. I highly recommend her and her very professional business practices.

Jackie left a review for

Business Addition

My wife and I are very happy with the professional assistance and advice we have been receiving with our rental property and our personal taxation over many years. Friendly, helpful and local owners and staff.. Highly recommended

Ray and Marie left a review for

Cairns Accounting & Tax Specialists

Thanks to the team at Acumen Accounting for being so helpful and handing out your professional advice, keep up the good work

T left a review for

Acumen Accounting & Advisory

Been with these guys for 5 years and Amy has always been responsive and to our demands and provided great value for money.

Paul Brierley left a review for

AJA Bookkeeping Services

I have used P & K Bookkeeping for the last 2 years. Kristina completed my EOY books for the small not for profit association I belong to. Efficient and well priced, I would recommend P & K Bookkeeping to anyone.

Deborah Evans left a review for

P & K Bookkeeping Services

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