Internship - Accountant

Langley McKimmie Chartered Accountants is seeking applicants for our internship program.

As a successful applicant you will work closely with and be mentored by our experienced staff in the areas of:

- Bookkeeping

- Month end and year end reporting
- Individual Taxation
- Business Taxation
- Recording keeping
- Accounting software such as MYOB, Reckon and Xero
- Office administration
- Ad hoc tasks as required

Our business environment encourages input and ideas. Ideally candidates will:

- Be completing their 2nd or final year of an Accounting degree
- Possess an enthusiastic, self starting approach to their work with high attention to detail,
   as well as a desire for continuous learning and skills development
- Have good written and verbal communication skills
- Have a good understanding of accounting processes
- Be proficient in Microsoft Excel
- Be a team player

Tenure of the internship is 3-4 days during Semester breaks and mutually agreed days during the Semester period if study allows.

Please forward your application to:
Nicki Guy
Langley McKimmie Chartered Accountants
17 Nicholson Street
WOODEND VIC 3442

or email to:
nicki@lmck.com.au

TIME TO SET SOME BUSINESS GOALS

The new financial year is an excellent opportunity to reflect on your business goals.

Are you where you think you should be? What are your business goals and how will you achieve them? 

It is important to review the financial aspects of meeting business goals, which may include profit and loss analysis, cash flow forecasting and budgeting.

The analysis of these reports can assist you with your decision making and goal setting.

Please contact Fiona Cook, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.      

Celebrating the End of the Financial Year

Celebrating your business achievements during the past year, Langley McKimmie wish you every success for the coming financial year.

THE ATO IS DATA MATCHING WITH VICROADS

The ATO is currently data matching registration records against companies and trusts to ensure that any motor Fringe Benefits are being correctly determined.

https://www.ato.gov.au/General/Gen/Motor-vehicle-registries-2016-17-to-2018-19-data-matching-protocol/

Please contact Fiona Cook, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.      

BE AWARE OF ILLEGAL PHOENIX ACTIVITY

The ATO is currently working with other government agencies to put a stop to illegal phoenix activity. Illegal phoenix activity occurs when a new company is created to continue the business of a company that has deliberately been liquidated to avoid payment of its debts such as taxes, creditors and employee entitlements. The warning signs can include:

• Employees not receiving a payslip
• The company ABN and name changes but the address and contact details remain the same
• Employee entitlements such as superannuation are not being paid
• Employee pays are late, less than they should be and are paid under the minimum wage
• Employee payslips record a different employer to whom they believe they are working for

Please click on the link below to find out more:

https://www.ato.gov.au/General/The-fight-against-tax-crime/Our-focus/Illegal-phoenix-activity/

Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.      

END OF FINANCIAL YEAR TAX PLANNING

With 30 June 2018 just one month away, small businesses should be giving some consideration to year-end tax planning:

Write off bad debts: if you have debtors, that have been previously recognised as income, that you now know are not collectible, writing them off will enable a deduction to be recognised.

Consider pre-paying some expenses: If cashflow allows, prepaying some expenses like rent, insurance and office supplies for a period of up to twelve months provides an immediate deduction.

Review inventory: a physical stocktake should be conducted to quantify and value inventory. Slow moving, damaged and obsolete stock must be written off prior to 30 June to claim a tax deduction.

Pay superannuation: SGC for employees must be paid before 30 June 2018 to receive a tax deduction for the business in the 2018 year.

Below is an ATO link regarding general tax planning and strategies to avoid getting in trouble with the ATO:

https://www.ato.gov.au/General/Tax-planning/

Please contact Fiona Cook, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.