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Does Your Accountant Know You By Name?

At Peter Radford Accountant and Tax Agent we don’t just know your financials!
We are more interested in knowing You, your Partnership, Business, Trust or SMFS‘s goals and helping you achieve them.

We are committed to personal and friendly service, offering a client-focused accounting experience.

How can We Help?

For over fourteen years the team at Peter Radford Accountant and Tax Agent have worked closely with our clients to make informed decisions and achieve both business and personal goals.

Based in Morayfield, we are easily accessible to help you with a range of services from tax matters and software training to business advisory and strategic planning.

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preparation

We make a point of understanding the individual taxation needs of every client, whether they require help with company tax, personal tax effectiveness or indirect taxation including payroll tax and GST.

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accounting services

Our accounting services involve much more than preparing financial statements every year. We ensure our clients’ compliance needs are taken care of, allowing them to focus on their own professional, personal and business needs.

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superannuation services

Regardless of the stage in life you are at, it is important to be aware of your superannuation and what it can do for you in the future. We assist our clients in taking control of their superannuation and aligning it with their future lifestyle goals.

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business development

We like to work closely with a business as it transitions through the different stages of its life so we can provide accurate and timely advice at each stage of the business’s lifecycle.

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company secretarial

Regardless the size of your business, we can support you with highly qualified secretarial and support staff that will take care of managing a business’s compliance, corporate governance and secretarial responsibilities, so owners can concentrate on running their business efficiently.

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- Estates and trusts
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latest news

BAS lodging and government funding eligibility

Posted on April 2, 2020 by admin

As part of the second $66 billion support package in response to COVID-19 and its negative effects on the Australian economy, the Federal Government has expanded tax-free cash payments to small and medium businesses with a minimum payment of $20,000 and maximum of $100,000, up from the previous $2000 to $25,000 range.

However, it is important to note that payments are only given to eligible businesses after they lodge their BAS (business activity statements) by the 28 July and 28 October 2020 due dates.

The new enhanced scheme will be delivered in two phases:

  1. Employers are set to receive a first payment equal to 100% of their salary and wages withheld (a maximum of $50,000) when lodging their activity statements at quarterly due dates.
  2. An additional payment equal to the first payment made after businesses lodge their BAS by 28 July and 28 October 2020.

Businesses will receive payments based on their BAS lodgement schedules. For example, a business that receives a payment for the period up until June 2020 will receive the same amount for the period up until September 2020 upon the lodgement of their BAS in two separate occasions.

For monthly BAS lodgers, businesses will receive their first payment for the March 2020, April 2020, May 2020 and June 2020 lodgements, with a 300% calculation in the March activity statement to provide the same treatment as quarterly lodgers. Similarly, the second payment businesses which lodge their BAS monthly will be released once they lodge their June 2020, July 2020, August 2020 and September 2020 lodgements.

To remain eligible to receive the new government funding for small to medium-sized businesses, remember to lodge your BAS on time as per your usual schedule. There are several options you can consider to lodge your BAS:

  1. Lodge online through your myGov Business Portal
  2. Lodge through your tax or BAS agent (who can access your myGov)
  3. Lodge as “Nil BAS” if you have nothing report for the period online or through phone
  4. Lodge by mail
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