Monthly archives for July, 2014

It’s BAS time!

by Jeff Banks

Your June BAS is due for lodgement today! As tax accountants we get an extension. This is a very important BAS period as we can adjust for the mistakes made for the past three periods. All the four BAS must equal the tax return….

Jeff Banks Business Blueprint Entrepreneur of the Year Award Presentation

by Jeff Banks

Asked by Business Blueprint to submit an entry for the Entrepreneur of the Year Award we employed family members to film and produce the entry. The video made the final list of 7 entries for the awards night. Although we did not win the presentation proved most entertaining as…

Jeff Banks Blog 25 July – Money should never be prime

by Jeff Banks

QUOTE OF THE WEEK

There are times when you just have to say something and this week is one of those times. The ultimate rich family, the Rich Family had a move styled on their lifestyle funnily named after their son. I speak of course of the 1994 movie Richie…

Income Tax Returns

by Jeff Banks

Income Tax Returns

 It is time now to prepare for your tax return and claim your refund early .You will need your PAYG summary, bank interest earned, quarterly insurance premium to distinguish the change in the rebate periods, dividends, real estate summaries and other paperwork…

Jeff Banks Blog 18 July – To be or not to be a Business

by Jeff Banks

QUOTE OF THE WEEK

Diverting away from the usual source of my weekly quote to the TV series Criminal Minds and taking a quote used by Morgan in the show (Series 8, Episode 9) and attributed to Fyodor Dostoyevsky.

“The mystery of human existence lies not in just staying alive, but…

Building and construction reports

by Jeff Banks

If you are involved in the building and construction industry including any activities related to it such as property investors renovating for profit or flipping, you will need to report, by 21 of July, amounts of payment made to contractors to the Australian Taxation…

Jeff Banks Blog 11 July – Taxes in the forwards

by Jeff Banks

QUOTE OF THE WEEK

Time to get philosophical this week which leads me to a quote for the 2006 movie V for Vendetta:

“People should not be afraid of their governments. Governments should be afraid of their people”

The Australian Taxation Office is an arm of our government, everyone understands that. The…

PAYG Summaries

by Jeff Banks

PAYG summaries to employees are due 14 July. You will need to finalise PAYG summaries before your next pay.  Contact us at Banks Consultancy for help with handwritten or accounting package issuance of PAYG summaries to your employees.

Jeff Banks Blog 4 July – A Challenge in Receipts

by Jeff Banks

QUOTE OF THE WEEK

Here we are a new financial year and that means tax time. In order to kick off the financial year I thought I would go to the 1999 movie Tarzan for our quote this week:

   “What kind of primitive beasts are responsible for this mess?”

One thing…

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From 1 July 2015 Banks Consultancy will merge with... 29/06/2015
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The extraordinary – is in the way we make sure that you know when your obligations are due, before they are due. We will constantly remind you when deadlines are approaching.