END OF FINANCIAL YEAR

2019

It's as simple as 1,2,3...


Step 1

Prepare.

Start gathering your documents.

Step 2

Plan.

Use our handy tax return
       
Checklist

Step 3

Meet.

Make an appointment or simply drop in your documents
.

Pricing - Mt Gambier Only 

NEW PAYMENT SYSTEM

Galpins is in the process of adopting a new online fee payment system. This system will provide a simple and convenient way for you to pay fees due online (including fee free payments from your nominated bank account) via your computer or smartphone.

 

Once the system is implemented, our clients will be informed by email each time a new fee invoice has been issued. Clients will be similarly notified if they have any outstanding fee invoices via email and SMS. These communications will contain a link to the Galpins secure payments' portal, allowing you to pay directly from the SMS or email. Additionally, clients will be able to pay by clicking the “Client Payment” button on our website.

 

You will also have your own online payment portal that will allow you to view all your invoices from us and any payments you make.



STP

Are you ready?
Tick this one off your list.


SINGLE TOUCH PAYROLL



As of 1 July 2019, all businesses with employees will need to start using Single Touch Payroll. The ATO have allowed until the 30th of September 2019 to get organised.

More information on STP from the ATO can be found here.

Select your software below for instructions on how to begin STP Reporting. Using another form of software? Contact Us

Currently not using software? We can help! There are a few solutions to suit your circumstance! Galpins Payroll, or contact us to discuss your options.







TAX TIME






Instant Asset Write-Off

The instant asset write off has been increased!

  • The $20,000 threshold applies until the 29th of January
  • From then to the 2nd of April 2019 a threshold of  $25,000 applies
  • After the 2nd of April assets up to $30,000 can be written off!



Tax Offsets

Additional tax relief for low to middle income earners! 

The low and middle income tax offset (LAMITO) of up to $530 was passed in the 18/19 budget. The 19/20 budget has proposed to increase this from $530 to $1,080.* See where you fit in below!

*To take full advantage of the tax offset, we suggest to wait on lodging your tax return until the increase has been determined by parliament.





 

NO MORE PAYG SUMMARIES

As of 1 July 2019, employers are no longer obligated to provide PAYG Summaries at the end of financial year.

You can access a year to date summary through your myGov account.

PRIVATE HEALTH INSURANCE STATEMENTS

Private health insurers are no longer required to send statements unless requested. This information will be prefilled by the ATO in your tax return.

MINIMUM WAGE INCREASE

From 1 July 2019, the minimum wage will increase by 3%. This increase applies from the first FULL pay period in July.

More Info

LAND TAX

From 1 July 2020, land owners will pay land tax on the TOTAL value of land held, regardless of ownership structure.

This will allow two or more entities to be grouped together for land tax purposes. The marginal land tax rate will be reduced by 0.1% each year from 3.7% in 19/20 to 2.9% in 27/28



More Info

SUPER FUND INSURANCE

As of 1 July 2019, super fund accounts that are ‘inactive’ for 16 months, the fund will cancel any insurance cover you may have, unless you take action and confirm you’d like to keep it.

You should have received a notification to Opt-In from your super fund if you would like to keep your insurance.


More Info

STUDENT DEBTS

From 1 July 2019 the threshold for repayments of student loans as decreased from $55,873 to $45,881. If your taxable is above $45,881 you will be required the pay a percentage of your loan back.

If you will earn over $45,000, talk to your employer about withholding more tax from your pay.


Repayment Rates

ATO APP

Did you know there is an ATO App to help keep you on track? Store your deductions, track your tax return progress and much more!

More info

EVENTS

We recently held 3 events in Mount Gambier with guest speakers from Return to Work SA, MYOB, the ATO and the City Football Group! We would love to hear your thoughts about future events you may be interested in.

Return To Work SA


Single Touch Payroll

Sports Administration

 

NEW STAFF



Nikki Frisby

Auditor

Nikki joined our team in January 2019 as an Intermediate Auditor, she holds a Bachelor of Commerce and has recently completed her CA!

Jagjit Kang

Auditor

Jagjit also joined our team in January 2019 as an Auditor with a Masters of Professional Accounting.

Anita Lau

Auditor

Anita only recently joined our team as a Senior Internal Auditor with a Bachelor of Law and Legal Practice.

Kevin Young

Auditor

Kevin joined our auditing team in April 2019 with a Masters of Professional Accounting.

Kaitlyn Horrigan Accounting Support
Kaitlyn joined our accounting support team in  February 2019.
Madeline Hann Receptionist
Madeline joined our Mt Gambier team in reception in June.
Patricia Cabasa Auditor
Patricia also joined our auditing team in January 2019 as an Undergraduate Accountant.

STAFF ACHIEVEMENTS

Harry Mlaco Analyst
Congratulations to Harry, who has recently completed his CA!
Ailie Staples Accountant
Congratulations to Ailie, who will celebrate 15 years at Galpins next month!
Kasey Baker Accountant
Congratulations to Kasey, who celebrated 5 years at Galpins in March!
Elise Jaeschke Accountant
Congratulations to Elise, who will also celebrate 5 years at Galpins in next month!

Breanna and Sam Burgoyne welcomed a baby girl, Lexi Skye in April!

Maree Peake became a first time grandma to a baby boy, Arthur in April!

Bianca Tielen is a nominee for the Employee of the Year for the Women in Business Awards!