Simpro Taxation Services in Perth, Western Australia | Consultation agency

Simpro Taxation Services

Locality: Perth, Western Australia

Phone: +61 481 309 696

Address: 14/910 Albany Hwy, East Victoria Park 6101 Perth, WA, Australia

Website: https://simprotax.com.au

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25.01.2022 Need to lodge a tax return or have enquiries regarding tax? Contact us to get your tax return done and your questions answered by our professionals. We are now taking appointments for the 2020 tax season. To get an extended deadline, get registered with us by October 31! ... Call us: 0481 309 696 Email us: [email protected] See more

25.01.2022 Attention employers: the super guarantee amnesty is now available. Applications close 7 September 2020. If youve got a super score to settle, nows your chance to do so without paying super guarantee charge fees or penalties. To be eligible: The unpaid super must relate to a quarter between 1 July 1992 and 31 March 2018... You must not have previously told ATO about the unpaid super (or be under review by the ATO for the unpaid super) You must apply to ATO under the amnesty by using the correct form. Dont miss this one-time only opportunity to get on top of your super paperwork once and for all. Learn more at https://www.ato.gov.au//S/Superannuation-guarantee-amnesty

23.01.2022 Feeling charitable in the lead up to the festive season? Whether youre digging deep to support your fave charity or dropping five bucks into a donation bucket, hang onto those receipts! You might be able to claim a deduction next tax time. For your donation to be deductible, it must be for $2 or more and made to whats called a deductible gift recipient (DGR). Check the list of approved DGRs and read more about claiming gifts and donations at www.ato.gov.au//deduc/other-deductions/gifts-and-donations

23.01.2022 Up to 500 Tasmanian small businesses can expect a knock on the door from the ATO in March. Businesses that pay cash in hand, or fail to lodge income tax or business activity statements get an unfair advantage and make it harder for other businesses who are doing the right thing. By detecting and addressing this behaviour, were helping ensure a level playing field for honest small businesses. Tasmanian businesses in the following industries are most likely to get a visit fr...om the ATO in March: - Restaurants and cafes - Vehicle repairers - Personal care businesses including hairdressers and nail salons - Pharmacies - Construction businesses - Clothing stores - Grocery stores / small supermarkets - Butchers For more information, please contact Simpro Taxation Services today. 0481309696 [email protected] #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax https://www.ato.gov.au//Up-to-500-Tasmanian-small-busines/

22.01.2022 SCAM ALERT Be on the lookout for a new text (SMS) scam, which exploits the recent natural disasters and falsely claims people are entitled to a tax bonus. Dont click any links and dont give out your bank details, even if it looks convincing. Remember ATOll never send a text asking you to access our online services via a link.... Scammers try to take advantage of people when theyre vulnerable, and were doing what we can to shut these scammers down. Warn your friends and family, report any scams you receive, and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts #simprotaxation #taxagentperth #simprotax

21.01.2022 Do you sell wine by wholesale? Do you import wine into Australia, or do you even make wine? If yes, then you are generally account for wine equalisation tax (WET). - What is WET? Who needs to pay for WET? - WET is a tax for wholesale value of wine with 29%. - It is normally paid on the last wholesale before the retailer. For example, the price of wine in bottle shops and restaurants generally includes WET. If the retailer is involved in the wholesale sale of wine, they may b...e liable for WET too. - However, retailers are not entitled to claim back the cost of WET as it is included in the cost base of retailer and is passed on to the consumer. - Which liquor products are affected? - WET applies to products that contain more than 1.15% by volume of ethyl alcohol, such as wine and wine products (including grape wine, fruit wine, vegetable wine), cider, sake and so on. ** Some liquor products are treated differently. Hence, it might have referred to a different rule. - Who needs to register for wine tax? - If you are registered for GST or you are required to register for GST, you generally need to pay for WET. - *Source from ATO - Still not sure are you eligible to pay for WET? Not a problem! Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation. #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax #vicparktax

20.01.2022 ARE EXPORTED GOODS GST-FREE? Exported goods are GST-free if they are exported from Australia within 60 days* of the first of following 2 events: - The supplier receives any payment for the goods, or - The supplier issues an invoice for the goods.... Therefore, you must not charge GST to your overseas customers if you are the exporter of goods. *You may request for an extension of the 60-day period. However, other exports (such as services, various right, financial supplies and other professional services) generally include sales of things other than goods or real property for consumption outside Australia. There are specific rules that determine whether such a sale is GST-free. Besides, a supply of a service is GST-free, - If the recipient of the service is outside Australia, and - The use of the service is outside Australia. And also, do be aware that: - If you purchase goods or services for your business, you must collect a tax invoice from your supplier. - If you are registered for the GST, you can claim credits for the GST that you pay to your suppliers of goods and services. *source from ATO. Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation.

20.01.2022 For those who are suffering in bushfires, ATO Support is available for you!!! If youve been impacted by these bushfires, Tax office dont want you to be concerned about your tax affairs. Now is the time for you, your family and community. ATO will help you sort out your tax affairs later by granted payment & Lodgment deferral and more for those get affected. ... For identified impacted postcodes, Tax office will automatically grant deferrals for lodgments and payments due. If you have been affected by this disaster but your postcode is not currently in the identified impacted postcodes list. Simply call Simpro Taxation 08 9361 9931 /0481309696 or ATO at 1800 806 218, we will help you to sort it out with no cost on you!! https://www.ato.gov.au//Specific-disast/Bushfires-2019-20/ #simprotaxation #simprotax #taxagentperth

19.01.2022 Budget 201920 has been released. Access the Budget papers at https://budget.gov.au The measures announced as part of Budget 201920 are subject to receiving royal assent and are therefore not yet law. While we sometimes provide input on tax and superannuation policies, the Australian Government is responsible for the legislation which we then administer on their behalf. Learn more at www.ato.gov.au//New-leg/Latest-news-on-tax-law-and-policy/

18.01.2022 Does your job require tools, equipment and other assets to help earn your income? Then, you can claim a deduction for some or all of the cost! - If you use tools, equipment and other assets for both work and private use, you will need to apportion the amount you claim for your tools, equipment and other assets. -... Example of tools, equipment or assets: - Calculators - Computers and software - Desks, chairs and lamps - Filing cabinets and bookshelves - Hand tools, such as spanners, hammers and screwdrivers or power tools, such as grinders, sanders and hammer drills - Protective items, such as hard hats, safety glasses, sunglasses, sunscreens and cosmetics containing sun protection* - Professional libraries - Safety equipment - Technical instruments - Handbags, briefcases and satchels** - SPECIAL CONDITIONS *Cosmetics containing sun protection: Some creams and cosmetics can function both as a sun protection and as a cosmetic. You can claim a deduction for the cost of a cosmetic that includes sun protection, in the condition of your work requires you to wear the cosmetic to perform your duties in the sun. - **Handbags, briefcases and satchels: You may be able to claim a deduction for a handbags, briefcase or satchel you buy to carry items FOR WORK PURPOSES, such as laptops, tables, work papers or diaries. If you use the bag for both private and work-related purposes, you may need to apportion the deduction you claim based on the amount of time you use for work and private purposes. You can claim the deduction immediately if the bag you use for work costs less than $300. If the bad you use for work costs more than $300, you will generally work out any deduction using its effective life. - Source from ATO - Need help to claim your tools, equipment and other assets for your work? Not a problem! Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation. #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax #vicparktax See more

17.01.2022 Low and middle income tax offset now law In the 201920 Federal Budget the Government announced its intention to change and build on the Personal Income Tax Plan. These changes are now law. For LMITO:... Some examples: A person earning $35,000 gets $255 back $45,000 gets $855 back $55,000 gets $1,080 back $80,000 also gets $1,080 back $100,000 gets $780 back $120,000 gets $180 back Book your appointment now through our facebook page or email to [email protected] #simprotax #simprotaxation #taxagent #accountant

17.01.2022 https://mobile.abc.net.au//taxpayer-audited-by-a/11310372

17.01.2022 Are you ready for ? Are you paying too much ? Not getting enough from your accountant? Don't worry, we're here to help! ... At , we pride ourselves in providing best quality service at reasonable rate! We offer an extensive line of specialist services to assist your business and providing best support to . ? Free call & email to support your business Provide regular meeting to evaluate business performance & tax planning ATO & ASIC compliance service ATO & ASIC communication Transparent pricing Fixed fee package available Simply contact us at 0481 309 696 for an obligation-free quote. Our office is located in East Victoria Park. Contact us today! , .

16.01.2022 Attention rental property owners! Weve put together our top 10 tips so youre not stumped by common tax mistakes this year. 1. Always keep evidence to support your claims. 2. Make sure your property is genuinely available for rent. 3. Initial repairs and improvements cant be claimed in full in the year the expenses are incurred.... 4. Borrowing expenses of more than $100 must be claimed over five years. 5. The costs of buying a property cant be claimed as deductions. 6. You can only claim interest as a deduction for the part of your loan that relates to your rental property. 7. Capital works can be claimed at 2.5% of the cost for 40 years. 8. You cant claim deductions for periods when youre using the property yourself. 9. If you co-own, declare income and claim expenses according to your legal ownership. 10. When you sell, be sure to work out if you make a capital gain or capital loss. Get all the details at www.ato.gov.au//Rental-properties/Top-10-tips-to-help-rent

14.01.2022 Starting up a new business in the midst of COVID-19? Business start-up involves detailed planning, making key financial decisions, and completing a series of compliance activities. Simpro Tax is here to help you with business setup and structure planning, we can take the burden off you and make it as simple as possible for you.... Our experienced team will assist you in the following areas: Business structure planning ABN application Business name registration GST registration ASIC filing Company registration and setup Policy and procedures creation Accounting software selection and installation Fixed fee accounting package means: Allows you to plan ahead and set an accurate budget Guarantees a fixed fee upon agreement Surprise bills Hidden costs Please contact us if you want to know more about our comprehensive business setup service. Were ready to help!

14.01.2022 Who pays payroll tax? Payroll tax is a state tax imposed on employers or employees. Not all businesses will have a payroll tax obligation. You are only liable for payroll tax if total amount of Australian taxable wages you pay exceed the tax-free threshold in your state or territory. Wages liable for payroll tax include:... 1. Employee wages 2. Contractor payments 3. Directors remuneration 4. Superannuation 5. Allowances 6. Fringe benefits 7. Bonuses and commissions 8. Termination payments Each state or territory has different tax-free threshold. Please check with the Revenue Office in your state or territory for the payroll tax rate and threshold that applies to you. *Source from ATO For enquiries and more information, please contact us at 0481309696 or [email protected].

14.01.2022 Thinking of purchasing assets for your business? The instant asset write-off has changed. Its been: expanded to include more businesses increased to $30,00...0 for each asset extended until 30 June 2020. Find out more at www.ato.gov.au//d/simpler-depreciation-for-small-business/

14.01.2022 Did you know that your ABN is used for more than just making sure youve lodged your activity statements on time? Other government agencies will check your ABN ...details to ensure they match what youve provided in the ABR and to confirm your eligibility for grants. Make sure your mail is going to the right place! Find out how your businesss authorised contact can update your ABN details at www.abr.gov.au//Updating-or-cance/Update-your-ABN-details/

14.01.2022 BEWARE! Registered Tax Agent will never use your MYGOV account to lodge your tax return. The ATO has identified registered tax agents and unregistered preparers using taxpayers personal login details to access their ATO online account through myGov to lodge tax returns on behalf of their clients. The warning follows cases of agents posing as tax agents who lodge tax returns on behalf of clients, often by accessing their myGov accounts and lodging through myTax.... MyTax is not an approved lodgment channel for registered agents and is a breach of the ATO online terms and conditions, the ATO said in a statement. #simprotaxation #simprotax #taxagent https://www.publicaccountant.com.au//ato-warns-tax-agents-

13.01.2022 Are you dealing with businesses and need to check their info? Use our ABN lookup tool to check if theyre registered with us and see their business details such... as ABN status, entity type, location and if theyre registered for GST. For more info about our ABN lookup tool, visit www.abr.business.gov.au

12.01.2022 Are you ready for ? Are you paying too much ? Not getting enough from your accountant? Dont worry, were here to help! ... At , we pride ourselves in providing best quality service at reasonable rate! We offer an extensive line of specialist services to assist your business and providing best support to . ? Free call & email to support your business Provide regular meeting to evaluate business performance & tax planning ATO & ASIC compliance service ATO & ASIC communication Transparent pricing Fixed fee package available Simply contact us at 0481 309 696 for an obligation-free quote. Our office is located in East Victoria Park. Contact us today! , .

12.01.2022 Thousands of Australian expats face tax slug under changes to CGT main residence exemption #simprotaxation #simprotax #taxagent

11.01.2022 Work from home? You may be able to claim a deduction for your work-related expenses. - You are able to claim a home office deduction when: 1. Home is your principal place of work - Your home is a place of business, or ... - Your employer does not provide you a work location, and - You have a dedicated work area that is not suitable for domestic use 2. Home is not your principal place of work - You work at home as a matter of convenience, and - You have a dedicated work area 3. You work at home but no dedicated work area - You work at home as a matter of convenience - You do not have a dedicated work area - For example, you use a room with dual purpose - What kind of work-related deductions you could claim? - Home office equipment such as printers, telephones, computers and furniture. (You can claim the items in full cost up to $300 and the depreciation value of the items over $300) - Heating, cooling and lighting - Costs of repairing to your home office equipment, furniture and furnishings - Cleaning expenses - Other expenses including computer consumables (e.g. printer paper and ink) and stationery - Phone and internet expenses - Depreciation costs of computers or other equipment - Occupancy expenses including rent, mortgage interest, property insurance, land taxes and rates - Kindly check out the attached table for types of deductions that you could claim depends on the conditions of home office. - *Source from ATO - Need help to claim your home office expenses? Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation. #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax #vicparktax

11.01.2022 1. What is Taxable Payment Annual Report (TPAR)? ATO require some businesses to report information about the payments they make to contractors for providing services. This information must be reported in Taxable Payable Annual Report to ATO each year by 28 August. 2. Who need to lodge TPAR? You may need to lodge if you are a:... Business providing: 1. Building and Construction Services 2. Cleaning Services 3. Courier Services 4. Road Freight Services 5. Information Technology (IT) services 6. Security, investigation or surveillance services You are required to report payments made to contractors if you are one of the businesses above. 3. What information do you need to prepare for TPAR? Contractor (Payee) details: A) Name B) Address C) ABN D) Total Amounts for the financial year of the: - Gross amount paid to each contractor including any GST plus any tax withheld - Total GST you paid them - Total tax withheld, if they did not provide an ABN *Source from ATO. Taxable Payment Annual Report must be reported to ATO by 28 August. Make sure you report accurately when its time! For more information, please contact Simpro Taxation Services today. 0481309696 [email protected]

09.01.2022 Simpro Taxation Services wishing you a MERRY CHRISTMAS to you and your family

09.01.2022 Stay tuned and wait for more information about the support package. https://www.abc.net.au//coronavirus-economic-stim/12047050

07.01.2022 Tax season is here, act now to get your tax refund! You can get professional help from , who will work with you to maximise your refund and fill out your tax return on your behalf. Simply contact us at 0481 309 696 for an obligation-free quote.... Our office is located in East Victoria Park. Contact us today! , .

07.01.2022 Did you know that you must register for GST if: - your business has a GST turnover* of $75,000 or more - your non-profit organisation has a turnover of $150,000 per year or more ... - you provide taxi travel for passengers in exchange for a fare as part of your business, regardless of your GST turnover. (This rule applies to both taxi owner drivers and people who just rent a taxi.) - youre an overseas business importing services and digital products to Australian consumers and make over A$75,000. - youre an overseas business making over A$75,000 and sell low value imported goods to Australian consumers. This will affect goods valued at A$1000 or less on items such as clothing, cosmetics, books, electric appliances and so on. *GST Turnover is your businesss gross income, not your businesss profit. - - When do I need to register for GST? - If you become aware that your GST turnover will exceed the $75,000 per year threshold, you will have to register for GST within 21 days. - Hence, it is always a good idea to check whether your GST turnover is likely to go over the limit! - *source from ATO. - Need help to register your GST? Still not sure whether will you need to register your GST? Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation.

07.01.2022 Tired of doing your own bookkeeping? Why not try Xero to save more time to focus on running your business?... Xero is one of the well-known accounting software platform for small to medium sized businesses. Faster Easier //!! Contact us now for a free 3 months Xero trial at 0481309696 or [email protected] #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax #vicparktax

07.01.2022 WHAT IS VACANCY FEE? Foreign owners of residential dwellings in Australia are required to pay an Annual vacancy fee if their dwelling is NOT residentially occupied or rented out for more than 183 days (six months) in a year. - - -... WHO NEEDS TO LODGE A VACANCY FEE RETURN? The vacancy fee return must be lodged by foreign owners of residential dwellings who: Made a foreign investment application for residential property after 7.30pm AEST on 9 May 2017 Purchase under a New Dwelling Exemption Certificate that a developer applied for after 7.30pm AEST on 9 May 2017. - Noted that foreign owners of vacant land do not have to lodge a Vacancy fee return until a dwelling has been constructed on the land. When multiple dwellings are constructed on the land, a Vacancy fee return must be lodged for each new dwelling constructed. - However, vacancy fee return will NOT be required to be lodged, if: The dwelling is sold or otherwise legally transferred (including in the event of the death of the owner) You are no longer a foreign person - - - WHEN TO LODGE A RETURN? Vacancy fee return must be lodged within 30 days of the end of each vacancy year. The first day of the 30-day period is the day following the last day of the vacancy year. - Noted that the vacancy Fee may also apply if the Vacancy fee return is not lodged by the due date. - - - BEFORE YOU LODGE Make sure you are registered on the Land and water register. As you will need the Land registration number to lodge your Vacancy fee return. - - - *source from ATO. - Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation.

05.01.2022 An important announcement to be aware of any scam text message from a third party disguising as ATO. It might be a fake account. So please be extra careful who you send your details too !

05.01.2022 Do you know you can claim the cost of buying your work clothing as a tax deduction? You can claim a deduction if they are: 1. Occupation-specific clothing... - Clothing that is specific to your occupation which allows the public to easily recognise your occupation. - You cant claim if they are not specific to your occupation. 2. Protective clothing that you wear to protect yourself from injury or illness at work. For example: - Fire-resistant and sun-protection clothing - Safety-coloured vests - Non-slip nurses shoes - Rubber boots for concreters - Steel-capped boots, gloves, overalls, and heavy-duty shirts and trousers - Overalls, smocks and aprons you wear to avoid damage or soiling to your ordinary clothes during your income-earning activities 3. Work uniforms. - Only clothing that has been designed and made only for the employer. - Clothing that has the employers logo permanently attached and not available to the public. - You may be able to claim a deduction for your uniforms including shoes, socks and stockings where they are an essential part of a distinctive compulsory uniform and where their characteristics are specified in your employers uniform policy. Before preparing your tax return, make sure you have the written evidence that you purchased the clothing and diary records for your cleaning cost. If you received an allowance from your employer for clothing, uniforms, laundry or dry-cleaning, make sure you show the amount of the allowance on your tax return. *Source from ATO For more information, please contact Simpro Taxation Services today. 0481309696 [email protected]

05.01.2022 WHAT TO KNOW IF YOU WANT TO CLAIM FOR YOUR GST CREDITS? - 1. Claim within the time limit GST and fuel tax credits are able to claim up to 4 years from the due date of activity statements in which they could first be claimed. After that, you cant claim those credits. -... 2. Claim for business use The portion of a purchases which are used for business purposes are able to claim for GST credits. - 3. Dont claim credits for GST-free items Some items (such as fresh food and some medicines) are GST-free and no GST credits can be claimed. - 4. Claim correctly when purchasing a car If the vehicle price is above the car limit, the maximum GST credit you can claim is 1/11th of the limit. *TIPS for you: The car limit for 2018-19 is $57,581 which means the maximum GST credit you can claim would be $5,234. - 5. Keep supporting documentation Remember to keep the supporting documentation for your purchase (such as a valid tax invoice) if you want to claim for any GST credit. - *Source from ATO. - Need help to claim for your GST credits? Please contact us at 0481309696 or [email protected] for any enquiries or to book an appointment with us for consultation. See more

04.01.2022 Are you using ESST (Electronic sales suppression tools) on your POS system? Taxpayers who produce, supply, possess, or incorrectly keep tax records using an ESST, or knowingly assist others to do so can face penalties up to 5,000 penalty units currently $1,050,000. ESSTs can come in different forms and are constantly evolving, some examples include:... -An external device connected to a point of sale (POS) system. -Additional software installed into otherwise-compliant software. -A feature or modification that is a part of a POS system or software. -An ESST may allow income to be misrepresented and under-reported Taxpayers may avoid committing an offence for possessing an ESST if they: acquired it before 7:30pm 9 May 2017; and advise the ATO that they possess the tool. Importantly, the transitional provisions do not apply to the manufacture, development, publication, supply or use of an ESST. For more information, please contact Simpro Taxation Services today. 0481309696 [email protected] #taxagent #accountant #taxreturn #perthtax #accountantperth #simprotax

04.01.2022 Happy New Year 2019 May all your wishes come true!

04.01.2022 Primary producers may now be able to deduct the full cost of fodder storage assets. These assets can include: silos liquid feed supplement storage tanks bins for storing dried grain hay and grain storage sheds.... Get the details at www.ato.gov.au//capital-/fencing-and-fodder-storage-assets