Noel May & Associates
Accounting Services in Kingston

At noel may & associates, you'll find people who understand your issues and concerns, excellent services that are of real benefit to you & advisors that contribute to your success things change quickly in the business world these days, and the need to speak to expert advisors at a moments notice is imperative. Whether you can provide paper documents or computer files, we can tailor the level of service you need to complete your year-end statutory obligations. Taking the pain out of compliance your year-end accounting and taxation requirements can be safely left in our hands. Bookkeeping, you can focus on the main things, monthly reports even maintaining your corporate register; with the bookwork taken care of, cashbooks, bank reconciliations, bas returns, securing sales and earning a dollar. You need time to run your business noel may & associates recognise that your business needs you. Therefore, we are happy to take charge of the little things that take up your valuable time. Cashflow forecasting will ensure your healthy relationship with your financiers and business partners. Noel may & associates can develop, monitor and help you analyse your performance budgets to help your business grow. Financial budgeting and cashflow preparation are specialist services designed to maximise your business's potential. Starting out or growing requires a plan whether you are starting a new business, or have been in business for many years, we can help you develop a personalised business plan. We will also help you plan for your future with our succession management specialists. Our people are available to you when you need us most, business valuations, business planning, cashflow and budgeting, accounting, targeted advice on all matters including taxation, and we concentrate on providing objective, through to superannuation and even corporate secretarial services. We also monitor your lodgement obligations, and assist with asic lodgements and all tax office correspondence, from activity statements to all taxation returns - franchising - corporate secretarial - outsourcing - succession management - tax - superannuation - valuations.

Applying for an endorsement as an income tax exempt charity. You need to be endorsed as an income tax immune charity. Eligible parents, carers, legal guardians, and independent students can claim up to 50 from the Education Tax Refund to assist confront the costs of educating their primary and lesser school children. The levy applies only to individual taxpayers with taxable incomes in the 20112012 financial year. Other entities like companies, trusts, etc. This prevents income tax being levied twice once when the income is earned by the company, and again when income is distributed to the company’s shareholders as dividends. An employee can be a former, current, or coming employee. Benefits paid to an associate of an employee are also caught. : company vehicle given or sold to employee when they leave. In 2012 the government enacted legislation which changed the way some vehicle fringe benefits were calculated. So if the employer provides a vehicle for an employee already then you are OK. All preexisting commitments will continue under the worn statutory rates unless there is a change made that would amount to a fresh commitment. However, if the employee is disadvantaged by the employer’s decision, employee consent is required. Employers will still be able to use the Operating Cost (or log book) method, which ensures that any business use of the vehicle is excluded from the taxable value of their car fringe benefits. Income tax is levied on taxable income, which is premeditated as asses sable income less any allowable deductions. A company is a distinct legal entity with its own income tax liability so a divide Company Tax Return must be completed for each company each year. A company’s income tax is planned as a percentage of the taxable income that the company earned during the financial year. They use their personal income tax return to report their business income and deductions. Land old for primary production (a farm) is also exempt. Pay As You Go (pang) installments is a system for paying installments during the income year towards your expected tax liability on your business and investment income. Your actual tax liability is worked out at the final of the income year when your annual income tax return is assessed. Some companies pay an installment amount calculated by the APO however most companies will work out their own installment amount based on their installment rate multiplied by their business and investment income. Details of all income and expenses, bank statements, cheque butts, store books and details of all prosperity used in the business and their costs, etc. Final year’s financial statements, general ledger print out, trial balance, bank statements, cheque butts, place books and details of all wealth impaired in the business and their costs, etc. aw.eve