Abbey Partners Chartered Accountants in Castle Hill, New South Wales, Australia | Business service

Abbey Partners Chartered Accountants

Locality: Castle Hill, New South Wales, Australia

Phone: +61 2 8624 3111

Add/Update information

Reviews

Tags

• Business service
• Tax preparation service
• Accountant

25.01.2022 Hey, were looking for 3 people who want to purchase at least 2 investment properties in the next 90 to 180 days or who want to add at least $800k to $1million ...to their asset base in the next 90 to 180 days. Sounds Crazy. We know. Thats why we are ONLY looking for people who have at least ONE property with equity, a clear goal to have security, stability & control of their life and a capacity to make decisions. If thats you, drop "IM IN" and we will connect with you.

24.01.2022 We are still operating and it’s business as usual during these difficult times, but due to distancing rules we have had to close our office to the public to keep our clients and staff safe. Rebecca, Kristen, Imogen and I are all still contactable by phone on 8624 3111 or via email.... Stay safe everyone

22.01.2022 If you want to know about 2.99% Owner Occ P&I drop an emoji and we will be in touchIf you want to know about 2.99% Owner Occ P&I drop an emoji and we will be in touch

21.01.2022 Selling A Property? Catch up on your Superanuation The date the contract is signed determines the year that the capital gain is taxed, not the date it is ...settled so there may be some room here for careful planning. Generally, the approach is to delay signing until after 30th June. If nothing else at least you get to utilise the tax money for a year. Just be careful. If you are going to be in a higher tax bracket next year, considering how low interest rates are, this could be a false economy. This year there is another reason to delay. From the 1st July 2019 we now have catch-up superannuation contributions. Provided your superannuation balance at 30 June 2019 is less than $500,000. This means that the unused portion of your 2018/2019 $25,000 contributions cap can be carried over to 2019/2020 allowing you to make a contribution larger than $25,000 in the 2019/2020 year. If you are prepared to put some of the sale proceeds into superannuation in order to reduce the effective tax rate from your personal, marginal rate, to possibly as low as 15% then the $25,000 cap is a problem with a large capital gain all in one year. This new concession doesnt allow you to spread the gain over multiple years but it does allow you to spread your contributions cap over a number of years which can be just as good. For example, if your employer pays $10,000 a year into super in both 2019 and 2020 then each year you have $15,000 available that you can contribute yourself and claim a tax deduction in your personal tax return. If you sign the contract before 30th June, 2019 then you can only put $15,000 of the sale proceeds into superannuation and claim a tax deduction for them. Alternatively, if you delay signing until July, 2019 you will be able to contribute and claim a tax deduction for $30,000. When the time comes to make the contribution make sure you get advice.

21.01.2022 ATO flooded with 90,000 enquiries in one day as tax cuts pass, but agency says dont file your tax return just yet https://www.abc.net.au//hungry-for-your-tax-cut3/11281634

21.01.2022 If your business is looking to take advantage of the new JobKeeper payment announced by the government, you dont need to call us. Register for updates online at www.ato.gov.au/general/gen/JobKeeper-payment

21.01.2022 Tax tip: Lodging your tax return gets easier at the end of July! From late July, a lot of your info will be automatically included into your tax return incl...uding income, bank interest, health fund details and government payments. All youll need to do is double-check the info, add anything thats missing, and youre done! The other good news is that if you have received JobKeeper payments as an employee you dont have do anything different. They will be included in your income statement. Learn more at www.ato.gov.au//Lodge-o/Pre-filling-your-online-tax-return

21.01.2022 Question of the Week - Why you need a Good Accountant Question: What sort of benefits could one expect from a property investment savvy/specialist tax agent ove...r a generalist or doing it yourself? Answer: At the moment doing it yourself, really? How are you going to keep up with all the changes? Are you able to differentiate between a repair and an improvement and how they are treated for tax purposes? Replacements in their entirety are a good example. Firstly, you need to communicate with your Accountant before you do things. Say for example you say to your Accountant I am going to replace the fence. A good Accountant is going to say, dont do that all at once. Replace it a bit at a time over a few years. Then each time you are only replacing part of it so you will qualify for an immediate tax deduction as a repair. Replace it all in one go and the deductions is spread over 40 years!

20.01.2022 Its tax time! We can tell youre just as excited as we are, because weve received over 20,000 phone calls so far today. Were sorry if you cant get through... right away our contact centre staff are doing the best they can to help as many people as possible. A large number of calls are about myTax or linking our online services to myGov. If you need a hand with this, check out our troubleshooting tips at www.ato.gov.au//Technical-/Troubleshooting-for-individuals as they may save you from having to phone us If youre keen to lodge early, remember to wait until your employer marks your info as tax ready in myGov before you lodge. Your employer should get it done before 31 July 2019. Find more info at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

20.01.2022 We are still operating and its business as usual during these difficult times, but due to distancing rules we have had to close our office to the public to keep our clients and staff safe. Rebecca, Kristen, Imogen and I are all still contactable by phone on 8624 3111 or via email.... Stay safe everyone

19.01.2022 Our 2019 Year End Tax Strategies Booklet is Ready. Completely re written with all the up to the minute changes. Not just how to save tax but also what ...you must do before the 30th June, 2019, organised according to the type of taxpayer you are. https://www.bantacs.com.au//Year%20End%20Tax%20Strategies% See more

19.01.2022 https://www.pm.gov.au//supporting-australian-workers-and-b

19.01.2022 Single Touch Payroll reporting for small businesses starts on July 1st. If youre still doing payroll manually, heres 3 reasons to move online

18.01.2022 Need to pause your mortgage repayments? Here are the banks deferral policies THIS IS ONE ARTICLE WE HOPE YOU NEVER HAVE TO READ. BUT IF COVID-19 HAS IMPACTED Y...OUR INCOME TO THE POINT WHERE YOU MAY NEED TO PAUSE YOUR MORTGAGE REPAYMENTS, THEN WEVE BROKEN DOWN THE BANKS DEFERRAL POLICIES FOR YOU. Late last week the Australian Banking Association (ABA) announced that small businesses affected by the Coronavirus would have their loan repayments deferred for six months. But when it came to home loan customers, there was no similar, wide-sweeping announcement from the ABA. Rest assured though that all the big four banks are allowing customers who have been impacted by the Coronavirus to hit pause on their mortgages for up to six months. Many of the smaller lenders are also allowing deferral relief measures too, including Macquarie https://www.macquarie.com/au/personal/coronavirus/ and Bank of Queensland, for example. https://www.boq.com.au/help-and-support/assistance Below weve outlined the deferral policies each of the major banks are offering customers. Its important to note, however, that these arent the only hardship options available to you, so if youd like to find out more, please get in touch. Commonwealth Bank All CBA home loan customers are now eligible to defer loan repayments by up to six months. A digital registration process is available for any home loan customer wishing to defer their repayments. Heres a full statement on the support CBA is providing for personal customers. https://www.commbank.com.au//repayment-deferrals-small-bus Westpac Westpac customers who have lost their job or suffered loss of income as a result of COVID-19 should contact us for three months deferral on their home loan mortgage repayments, with extension for a further three months available after review, the bank said in a statement. Heres the statement and support package details in full. https://www.westpac.com.au///media-releases/2020/20-march/ St George "St. George has supported our customers, businesses and community through the good and tough times and will continue to be here for you as the COVID-19 situation evolves. These measures reflect our ongoing commitment to support all customers through these challenging times. To find out more information and if you are eligible please speak to your Relationship Manager or call St.George Assist https://eforms.stgeorge.com.au/olfmu/eforms/assist/ and Choose Option 1 from the Dropdown box. NAB Home loan customers experiencing financial challenges will be able to pause their repayments for up to six months, with NAB checking in after three months. For a customer with a typical home loan of $400,000, this will mean access to an additional $11,006 over six months, or $1,834 per month, NAB says. Check out their statement for more details on their support package. https://news.nab.com.au//nab-delivers-vital-support-for-b/ ANZ If youre experiencing financial difficulty due to COVID-19, ANZ may be able to support you by putting your home loan repayments on hold for six months, with interest capitalised (see below). If you pause your repayments, ANZ will check in with you after three months. ANZ have also released a statement detailing their full customer support package. https://www.anz.com.au/perso/home-loans/your-loan/covid-19/ Other lenders For all other lenders please check their website for more details, as APRA has recently advised they must report and publicly disclose the nature and terms of any repayment deferrals. If youre having trouble finding the details, google: [your lenders name] + home loan deferral Coronavirus. Failing that, check out their websites Newsroom or Media page for recent announcements. An important final note Its important to note the above policies only state that theyll defer your repayments its likely they wont stop interest from accruing on your home loan. For example, as ANZ notes in their statement, home loans with repayments paused will have their interest capitalised. Basically, that means your home loan amount will continue to grow while repayments are on pause, as any unpaid interest will be added to your outstanding loan balance. With that in mind its worth noting there are other options you can explore to reduce your home loan repayments each month besides hitting the pause button, so please feel free to get in touch with us if youd like to explore those avenues. With the number of regulatory changes the market has seen over the past two years, it is imperative that you seek guidance from an established, experienced finance professional who has the expertise and customer service to obtain your best possible outcome. While not a referral I am grateful to Tim Russell at Multipart Finance for this Information.

18.01.2022 The JobKeeper Payment will help employers to keep Australians in jobs and brings the Government’s total economic support for the economy to $320 billion. Busine...sses can register here: https://www.ato.gov.au/general/gen/JobKeeper-payment/ More information for businesses here: https://treasury.gov.au/coronavirus/businesses More information for employees: https://www.ato.gov.au/general/gen/JobKeeper-payment/

16.01.2022 If youre one of the 5.6 million Aussies with private health insurance, heads up funds are no longer legally required to send out annual statements. Some may ...do it anyway, and others will provide statements via their online member portals. Either way, theyll send us the relevant details so we can pre-fill your tax return for you Whether you lodge with myTax or use a tax agent, your health insurance details should be pre-filled by 20 July so hold off and lodge later if you can! Find out more at www.ato.gov.au//pr/your-private-health-insurance-statement

15.01.2022 Were visiting businesses in Hornsby. Attend an information session to see why and what to expect during the visits.

14.01.2022 Keep pressing snooze on your super accounts? Dont worry, weve got you covered From 1 July, if you have an inactive super account with less than $6,000,... your fund will let us know and well combine it with your most active account. For more info, visit www.ato.gov.au//Growi/Inactive-low-balance-super-accounts/

14.01.2022 Heres some of the key things to discuss with your accountant at EOFY.

13.01.2022 Are you paying your employees correctly? We can help you ensure you are getting it right.

12.01.2022 Settlement risk is now very real and developers should be worried, said Colin Sacks, who runs the countrys biggest DIY website, forsalebyowner.

12.01.2022 Get your Xero Payroll sorted before EOFY with our handy resources, even talk directly with our payroll specialists.

11.01.2022 Here we are at the end of financial year already. Our friends at Abbey Partners Chartered Accountants are sharing their tips for what you can deduct as a property expense.

11.01.2022 Were opening up our ST LEONARDS office again for the next API Property Wine & Cheese Night at 6pm Wednesday 28th August 2019. Seats are limited so RSVP at [email protected] today!

11.01.2022 The JobKeeper Payment will help employers to keep Australians in jobs and brings the Governments total economic support for the economy to $320 billion. Busine...sses can register here: https://www.ato.gov.au/general/gen/JobKeeper-payment/ More information for businesses here: https://treasury.gov.au/coronavirus/businesses More information for employees: https://www.ato.gov.au/general/gen/JobKeeper-payment/

11.01.2022 VISITORS DAY - BNI PROSPERITY All welcome to visit BNI Prosperity Nexus Cafe, 1/4 Columbia Court, Baulkham Hills. Thursday 01 August ... 6:45am - 8:30am $20 (Breakfast & room hire) Come and see what we do! Please register below. https://www.eventbrite.com.au/e/bni-prosperity-visitors-day. Are you a window cleaner, cleaner, physiotherapist, podiatrist, personal trainer, jeweller, optometrist, strata manager, landscape/ gardener, hairdresser, beautician, nail salon, dentist, jewellery, interior designer, solar energy, acupuncturist, travel agent, florist, locksmith, cake maker, dress maker, magazine, copy writer, music teacher, tututorial, shop fitter, restaurant owner, tree lopper, funeral director, event coordinator, doctor, surgeon, uniform, videographer, strata manager, debt collection, immigration law, architect, dietician, fashion boutique, landscaper, commercial Realestate, Residential Realestate, roof repairs, car detailer, dentist, removals , website communication, Plumber, tradies and others! Contact Jeanine Hind BNI Prosperity Director 0467 660 029

10.01.2022 **BREAKING NEWS** #Coronavirus Stimulus 3 JobKeeper wage subsidy will see employees paid a flat payment of $1500 per fortnight through their employer. ... Available to full and part time workers, sole traders, and casuals employed for 12 months or more. Includes employees who have already been stood down There is NO superanuation payable on this payment It is equivalent to around 70% of th national median wage. To be eligible employers will need to prove that they have had a 30% decline in sales. Payments will be made in arrears. This will be managed via the ATO and using the data that is currently sent via Single Touch Payroll. Will provide further details shortly ... If you would like further information follow our All That Counts Pty Ltd facebook page! To register your interest on any JobKeeper updates you can register here https://www.ato.gov.au/general/gen/JobKeeper-payment/

08.01.2022 The minimum income threshold for student loan repayments is changing on 1 July. If you have a study or training loan and earn $45,881 or more during the 201920... financial year, youll be required to make compulsory repayments. Start the new financial year on the right foot check your employer knows you have a student loan to help ensure youre taxed correctly. Read more at www.ato.gov.au//study-and-training-s/compulsory-repayments

05.01.2022 It is expected that applications for the super lump sum will open from mid-April. You must meet 1 of the following: unemployed eligible to receive any of t...he following income support payments: - Jobseeker Payment - Parenting Payment - Special Benefit eligible to receive Youth Allowance (excluding those receiving this payment as undertaking full-time study or is a new apprentice) has been made redundant on or after 1 January 2020 or their usual working hours have reduced by 20% or more1, or a sole trader who on or after 1 January 2020 had their business suspended or suffered a reduction in turnover of 20% or more (compared to turnover prior to this date). See more

05.01.2022 If youre investing in property to sell for a profit, make sure you know your tax obligations before starting the project.

04.01.2022 We worked with the clients existing lounge and 3 panel artwork in this space and drew on the colours in the artwork to give it a more contemporary and warm feel.... The charcoal cushions and grey armchair give it a more contemporary feel, while the timber coffee table, ivory floor rug and the white ceramic lamp give it some warmth. Along with the tough of greenery for a little bit of life. Open by Inspection in Castle Hill with David Choy from McGrath Castle Hill.

01.01.2022 A looming deadline for super changes has sparked warnings some people will inevitably lose insurance cover when they need it most.

01.01.2022 Access to super for SMSF member: compassionate grounds coronavirus The ATO has confirmed that members of an SMSF who wish to access funds under the new tempor...ary condition of release compassionate grounds- coronavirus need to follow the same process as members of public offer funds. Applications will be via MyGov and expected to open in mid-April. As announced, the ATO will issue a determination to the person and directly to the trustee of the SMSF advising them of the persons eligibility to withdraw and the specified amount. Only then is a trustee authorised to make a payment.