Leopard Accounting - BERRINBA, QLD 4117

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4 Flagstone Way , BERRINBA , QUEENSLAND 4117







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(train, bus, motorway & major roads)

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with 20+ years of accounting and taxation experience, a CPA Australia qualified accountant, Registered Tax Agent & a Registered ASIC Agent. Wemanage this small firm and operate with low overhead cost by leveraging cloud accounting and taxation techniques. This low overhead cost enables me to deliver personalised high quality service at very affordable rates for our valued clients.
With care for clients, up to date knowledge and high professional standards, we are equipped with invaluable real world experience. As your professional business and tax advisor, I guarantee that we will leave no stone unturned to go beyond your expectations.

All your calls are personally attended by me, so your requirements understood and clear guidance that what needs to be done & pricing are discussed first hand. So no receptionist or trainee accountant between us! To discuss your tax & business with me, Call 0411 338 795 today so that we can partner in your success-When you succeed, We Succeed!

Leopard Accounting is located in the BERRINBA area of QLD. There is 1 other listing in the 4117 postcode area.

Accountants in QLD 4117

Number of Employees: 5

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Fraudulent TFNs, tax lodgments see jail sentence for student A student has been sentenced to over two year in jail for his involvement in a tax fraud that involved lodging fraudulent tax returns using the TFNs of others. Tharun Likki, who arrived in Australia from India in April 2012 on a student visa, has been sentenced to two year and three months jail for his involvement in a tax fraud. Mr Likki was sentenced in the County Court of Victoria on charges relating to attempting to obtain $22,180 by deception in July 2013 and dealing with the proceeds of crime in respect of $117,540 between October 2014 and October 2015. The scheme also involved his brother Varun Likki and a mutual friend Ranjith Goli. Mr V Likki and Mr Goli who arrived in Australia on student visas in June 2008.They both departed Australia in August 2010. The trio illegally obtained student visa details of Indian nationals temporarily residing in Australia to generateTFNs. Mr T Likki then used some of these TFNs to lodge fraudulent Income Tax Returns in an attempt to obtain a financial benefit. Following a tip-off from the community, the ATO worked with the Australian Federal Police (AFP), the Australian Border Force (ABF) and the Commonwealth Director of Public Prosecutions (CDPP) to investigate and uncover the extent of the fraud. Mr Likki was convicted of the two charges under the Criminal Code 1995 (Commonwealth) – obtaining financial advantage by deception and dealing with the proceeds of crime.
3/7/2019 12:44:46 AM

Single Touch Payroll to be extended to all employers All employers now must report payroll/wages related data including salary sacrificed amounts via Single Touch Payroll (STP) to ATO from 1 July 2019. Effective from 1 July 2019, Single Touch Payroll (STP) will streamline the reporting of payroll, tax and superannuation for small & big businesses by reporting information directly in real time to the Australian Taxation Office (ATO) at the same time employees are paid.
2/14/2019 6:49:26 AM

Small Business Digital Champions Applications are now open to be one of 100 Australian small business owners who will receive a digital transformation for their business, valued at up to $20,000.
2/1/2019 12:19:38 AM

Instant asset write-off threshold upped to $25k Prime Minister Scott Morrison has pledged to increase the small business instant asset write-off to $25,000 from $20,000. The write-off will be available for small business with an annual turnover of less than $10 million and will apply until 30 June 2020. The government will be seeking to legislate the change in coming days.
1/29/2019 11:59:30 PM

Trusts tax reform- Labor's Proposal About two years ago, opposition leader Bill Shorten announced that Labor would reform the taxation of discretionary trusts to prevent income from being allocated to household members in lower tax brackets. As part of its reforms, Mr Shorten outlined that Labor would introduce a minimum 30 per cent tax rate for discretionary trust distributions to adults. Treasurer Josh Frydenberg criticised the proposal , stating that it would hit “300,000 small businesses with $17 billion on new taxes on trusts”. Saying “Your idea of fairness is now to hit two brothers working in a small family carpentry business making $110,000 per annum between them with an extra $15,000 of tax per annum. As the Council of Small Business Australia said, [it’s] a case of Labor Party going after hardworking small business because they are a soft target,” Mr Frydenberg said in a Twitter post.
1/22/2019 3:40:24 AM

Financial Dispute Body Opens The Australian Financial Complaints Authority will provide a free and binding service for financial complaints, whether they are related to banks/credit providers/insurance companies or super funds. Small businesses will also be able to have their complaints heard if credit facilities less than $5 million.
11/1/2018 4:11:26 AM

Trading and Business Names A ‘trading name’ refers to an unregistered name that businesses could use before the introduction of the National Business Names Register on 28 May 2012. A trading name is not a registered business name. A transition period from 28 May 2012 to 31 October 2023 is in place to allow businesses who have unregistered trading names to decide whether to register them. To continue using a trading name after October 2023, businesses have to register them.
10/25/2018 1:24:14 AM

Taxable payments annual report - You may need to lodge each year if you are a business providing: >building and construction services >cleaning services - for contractor payments from 1 July 2018 >courier services - for contractor payments from 1 July 2018
10/12/2018 1:59:07 AM

Black Economy Taskforce Measures Bill 2018 introduced The Bill includes following measures; >Denying an income tax deduction for certain payments if the associated withholding obligations have not been complied with >Requiring entities providing road freight, IT or security, investigation or surveillance services that have an ABN to report to the ATO information about transactions that involve engaging other entities to undertake those services for them
10/2/2018 1:42:52 AM

Outlook for property prices: lower for longer? What is the outlook for Australian property prices now that the property market has passed its peak? Will house prices continue to deflate in key markets? For a country used to ever-rising property prices – they have soared more than 370 per cent in the past 30 years – a new reality of shrinking property values and is taking shape. Since the market peaked in September 2017, the home value index compiled by property market analyst CoreLogic has slid 1.3 per cent, including a 0.2 per cent decline in June 2018. The searingly hot Sydney market has been hardest hit. House prices there have tumbled 4.6 per cent since the peak. Nevertheless, so far the damage to balance sheets has been limited. Nationally, longer-term homeowners have held on to virtually all of their capital gains – prices are still 32.4 per cent higher than they were five years ago. The property market is deflating, but with a gentle hiss rather than a cacophonous bang. Nervous mortgage holders and aspiring homebuyers nonetheless wonder how long this decline will last, and how ugly it might get. Applying the brakes to property prices Part of the answer lies in understanding what pushed prices so high in the first place, and why they have since turned down. CoreLogic research director Tim Lawless says easy credit and eager investors underpinned much of the increase in recent years. Buoyed by low interest rates and strong capital gains, investors piled into the property market. By early 2015, the value of mortgages taken out by investors outstripped those to owner-occupiers, many of them riskier interest-only loans. At one point, almost half of all loans being written were interest-only. However, the downturn in house prices has not been driven by higher interest rates or borrowers getting into financial distress. Instead, it has been engineered by regulators, says property analyst Pete Wargent of WargentAdvisory. Worried by the surge in investor borrowing, financial regulator the Australian Prudential Regulation Authority (APRA) in 2014 placed a 10 per cent speed limit on the growth of loans to investors. Three years later the regulator clamped down on interest-only lending, which had been growing rapidly, imposing a 30 per cent cap on the proportion of new mortgages that could be interest-only. Taken together these measures, says Wargent, were “pretty unique” – and effective. Within a few months of the investor loan cap, borrowing slumped, dropping by almost a third through 2015, and it has continued to decline. By April this year investors accounted for just 42 per cent of home loans, the lowest proportion since 2012, and growth in investor lending had dropped below 5 per cent, down from a high above 10 per cent. Interest-only borrowing, too, has wilted. It accounted for more than 40 per cent of loans approved in 2015; by early this year the ratio was less than 20 per cent. The regulation-driven credit squeeze has dampened housing markets. Auction clearance rates have slumped to less than 57 per cent nationwide, and are the lowest they have been since 2012, according to CoreLogic figures. APRA released the brakes on investor lending in April but has no intention of relaxing the pressure on lenders, demanding they limit new lending at very high debt-to-income levels, and set debt-to-income levels for borrowers. Australia: headed for a property crash? However, the risks already built up in the system are not going away in a hurry. The Organisation for Economic Cooperation and Development (OECD) has flagged household indebtedness as the economy’s biggest risk. The ratio of total household debt to income has jumped almost 30 percentage points in the past five years to reach 189 per cent in December 2017, and mortgage debt alone was 139 per cent of income. Although wealth has grown even faster, some who have borrowed heavily may be vulnerable. University of New South Wales Business School Professor of Economics Richard Holden puts the chances of a house price crash at 30 per cent, most probably triggered by widespread defaults on interest-only loans. Although Holden says it is most likely that the property market will avoid a collapse, the risks created by more than A$100 billion of interest-only loans are “non-trivial” and cannot be ignored. The Reserve Bank of Australia (RBA) estimates that each year until 2021, about A$120 billion of such mortgages will convert to traditional principal and interest loans, forcing up repayments by between 30 and 40 per cent. The RBA thinks most households have enough of a financial buffer to absorb the increase. However, Holden warns that if even just 10 per cent struggle to make their repayments and are forced to sell, that could be sufficient to trigger a crash. “I’m not really worried about what happens in Point Piper, Double Bay or Toorak,” he says. “I’m worried about what could happen in the western suburbs of Sydney and Melbourne. If there are big forced sales there, then great damage is going to happen to people who can afford it least.” Interest rates: the price of money A sudden jump in interest rates is another risk. Few expect the official cash rate to budge from its current record low of 1.5 per cent before late 2019 at the earliest. However, this doesn’t mean borrowers won’t feel some financial pinch. Wholesale funding costs on international markets are increasing, and already some smaller lenders are responding by pushing up interest rates on selected mortgages. Lenders including Macquarie, the Bank of Queensland and Auswide Bank have increased rates on variable interest mortgages by an average of between 0.08 per cent and 0.27 per cent, and Lawless expects larger banks will eventually have to follow suit. Still some life left in the market Even if the country avoids a default-induced property crash, economists expect that tighter credit standards and the chilling effect of the banking Royal Commission on lenders will force house prices down for some time yet. Fifteen economists polled by comparison website Finder.com.au tipped that prices in Sydney and Brisbane could drop by as much as 6 per cent by the end of the year, 4 per cent in Melbourne and Hobart, and 2 per cent in Perth, Adelaide and Darwin. ANZ Banking Group is even more bearish. It predicts prices nationally could fall by 6 per cent from September 2017’s peak to a trough in 2019, including a plunge of up to 10 per cent in Sydney – a view shared by Macquarie Securities. AMP Capital warns they could drop by as much as 15 per cent by 2020. However, Australia’s status as a destination of choice for migrants may limit the extent of any decline. The country, particularly its biggest cities Sydney and Melbourne, has been a magnet for immigrants and Australia’s population is growing close to the fastest among developed countries. Professor Holden says it is on track to expand by 1.6 per cent this year, and all these people have to live somewhere. With the supply of dwellings set to tighten – building and home loan approvals nationally have both dipped recently – pressure on home prices could again build. Australia’s seemingly tireless property market might have more life in it yet. By Adrian Rollins Source: CPA Australia
9/26/2018 12:21:18 AM

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