FUEL TAX CREDITS HAVE INCREASED

The ATO has increased the Fuel Tax Credit rebate rate from 4 February 2019.

A reminder to use the new rate when calculating your claims for Business Activity Statements for the quarter ended 31 March 2019.

For more information please click on the link below:

https://www.ato.gov.au/Newsroom/smallbusiness/GST-and-excise/Reminder-Fuel-tax-credit-rates-have-increased/?sbnews20190508

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.      

REMINDER - BUSINESS ACTIVITY STATEMENTS

Don't forget to lodge your Business Activity Statement (BAS) for the quarter ended
31 March 2019 by 26 May 2019.

Please feel free to contact MY Books & Payroll on 5427 8118 or Langley McKimmie on 
5427 8100 if you would like our assistance.

“My Books & Payroll” experienced bookkeepers, Cate, Emma and Ebony offer a comprehensive bookkeeping service or tailored account services.

POSITION VACANT - INTERNSHIP

Langley McKimmie 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 2^nd 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

2019 BUDGET - HOW WILL YOU BE IMPACTED?

Budget Night was 2 April 2019

Announcements made in the Federal Budget that could affect you and your family include:

• Immediate tax relief for low and middle income earners of up to $1,080 for singles or $2,160 for dual income families to ease cost of living
• Increasing instant asset write off to $30,000
  
• Expanding access of instant asset write off to medium sized businesses with annual turnover less than $50 million
• Target tax avoidance by multinationals
• Medicare levy low income thresholds for singles, families, seniors and pensioners increased for the 2018-2019 year (see table below):

	2017 - 2018	2018 – 2019
Singles	$21,908	$22,398
Families	$37,089	$37,794
Seniors and Pensioners – Single	$34,758	$35,418
Seniors and Pensioners - Family	$48,385	$49,304

• Vehicles acquired after 1 July 2019 by primary producers and tourism operators can apply for refund of luxury car tax up to $10,000
• More organisations added to the list of Deductible Gift Recipients (DGR)

For more information on the above visit:

https://www.budget.gov.au/

Please contact one of our accountants 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.