Adam & Associates Chartered Accountants in Mudgee, New South Wales | Tax preparation service

Adam & Associates Chartered Accountants

Locality: Mudgee, New South Wales

Phone: +61 2 6372 7001

Address: 27 Horatio Street 2850 Mudgee, NSW, Australia

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• Business service
• Tax preparation service
• Accountant
• Business consultant

25.01.2022 Dont get Scammed! The ATO never asks for your confidential details by email. To learn more about staying safe online, go to ... ato.gov.au/onlinesecurity See more

25.01.2022 Superannuation guarantee amnesty On 6 March 2020 the government introduced a superannuation guarantee amnesty. The amnesty allows employers to disclose and pay previously unpaid super guarantee charges, including nominal interest, that they owe their employees, for quarter(s) starting from 1 July 1992 to 31 March 2018, without incurring the administration component ($20 per employee per quarter) or Part 7 penalty. In addition, payments of SGC made to the ATO after 24 May 2018... and before 11:59 PM 7 September 2020 will be tax deductible. Employers who have already disclosed unpaid SGC to the ATO between 24 May 2018 and 6 March 2020 dont need to apply or lodge again. Employers who come forward from 6 March 2020 need to apply for the amnesty. To apply for the amnesty, you must: download the approved SG amnesty form (XLS 613KB) (https://www.ato.gov.au///SPR/downloads/sg_amnesty_form.xls) If you lodge your amnesty forms to the ATO, you must make the payment to the ATO. Dont pay the amount of SGC owing direct to your employees funds or to a clearing house. The ATO will continue to conduct reviews and audits to identify employers not paying their employees SG. If we identify these employers before they come forward, they will not be eligible for the benefits of the amnesty.

24.01.2022 The move is on!!! As of Monday 23rd November 2020, you will find us in our new office premises, located at 27 Horatio Street Mudgee. We look forward to seeing you all at our new location.

24.01.2022 The phones are back on and working. Thanks for your patience.The phones are back on and working. Thanks for your patience.

23.01.2022 Single Touch Payroll is here! But if your not ready, dont despair as the ATO have granted a 3 month grace period for small employers till 30th September 19 to be compliant. Book a phone appointment with Penny to discuss your needs.

23.01.2022 Don't get Scammed! The ATO never asks for your confidential details by email. To learn more about staying safe online, go to ... ato.gov.au/onlinesecurity See more

21.01.2022 Penny will be back in Lightning Ridge this coming Thursday 13th and Friday 14th September if you need your tax completed. Give the friendly office staff a call on 63727001 to make your appointment. We look forward to seeing you there.

20.01.2022 We have moved!!!! Dont forget we have moved to our new location at 27 Horatio Street Mudgee.

19.01.2022 Adam & Associates are currently operating standard hours but with a reduced number of staff so please be patient when phoning or dropping in. We are practising social distancing requirements, if you attend the office please remember to leave a minimum of 2m between people. We are also encouraging our clients to utilise electronic communication and phone consultations. We are doing all we can to keep our clients up to date with the government assistance and stimulus packages as they come out. Please do not hesitate to contact us if you have any questions. Remember to be patient and support one another through these tough times.

19.01.2022 Phones are now back up and operational again.Phones are now back up and operational again.

18.01.2022 REGIONAL SENIORS CARD The regional seniors travel card provides eligible seniors in regional, rural and remote areas with a $250 prepaid card to help ease the cost of travel. You can use the travel card at certain retailers across Australia to pay for fuel, taxis and pre-booked NSW Trainlink Regional trains and coaches. The travel card is valid for 14 months from the date of issue. The expiry date is available on the front of the card. The regional seniors travel card progr...am is available for a 2-year trial period (2020-2021). Eligible seniors can apply for a card in 2020 and for another card in the second year of the program (2021). Eligibility You must be: an age pensioner with a valid Pensioner Concession Card (you must have received the age pension for a least one month), or a Commonwealth Seniors Health Card holder (you must have held your card for at least one month), and living in a designated regional area of NSW outside of Sydney, Newcastle and Wollongong. What you need your personal details (name, date of birth, mothers maiden name) your residential address and delivery address your email address and phone number the issuer, number and expiry date of your Pensioner Concession Card or Commonwealth Seniors Health Card a MyServiceNSW Account (only if youre applying online). Note: The details you provide in your application must match those held by the Department of Human Services or Department of Veterans Affairs. How to apply Online applications will open on 29 January 2020 and cards will be distributed from mid-February 2020. Head over to service.nsw.gov.au/trans/apply-regional-seniors-travel-card Then scroll down the page until you reach the big red square with Apply Online on it. If you have a My Service NSW Account then log in or create a new account for yourself and proceed from there. Alternatively, from 29 January, you can also apply by visiting a service centre or by calling 13 77 88. More information Successful applicants will receive their card and PIN within 10 working days. Your card and PIN will arrive in separate envelopes. If you change address, you need to update the Department of Human Services or Department of Veterans Affairs before you apply for a regional seniors travel card. Applications for 2020 will close on 30 November 2020. Applications for 2021 will open in December 2020 and close on 30 November 2021. Card management information (card activation, balances etc.) is provided with your card. You can also see Using your card and Managing your card for more information.

17.01.2022 To all our clients. We have some very exciting news coming your way, so watch this space!!!To all our clients. We have some very exciting news coming your way, so watch this space!!!

16.01.2022 Low and Middle Income tax offset changes now law. Remember that this is a offset not a automatic refund. The maximum offset is $1,080 per annum. The amount you receive depends on your income and how much tax youve paid throughout the year.... You dont need to do anything different to claim this offset, Just lodge your individual tax return, and the tax office will process any offsets you are entitled to. So see you soon to get your tax done!

16.01.2022 This year at Adam and Associates Chartered Accountants, we have decided that we want to spread the Christmas Spirit with a local young adult group home. Challenge Group Homes is situated in Mudgee and is home to 5 residents. Christmas for some is a hard time, and we would love to give these residents and their families a Christmas to remember. We would dearly love to give each family a hamper full of wonderful goodies, so we are looking for donations of food or suitable Chr...istmas items to help fill them. If you would like to be a part of this wonderful cause, then donations can be dropped off to our office - Adam and Associates Chartered Accountants - 131 Church St Mudgee(opposite the tennis courts), Floppas Automotive - 1 Inglis St Mudgee or Superfine Hair Design in Byron Place Mudgee. We wish you all a Merry Christmas and hope that between us all we can make a wonderful festive Christmas for Challenge Group Homes.

15.01.2022 To all our Clients, Unfortunately our phones and internet are down at the moment. Optus is working on the issue. We apologise for any issues this may cause.

13.01.2022 Claiming Donations in your tax return You can only claim a tax deduction for gifts or donations for organisations that are registered as a Deductible Gift Recipient or DGR. You can check whether they are registered on the ABN Lookup site. Type in the charitys name and enter. Then select the correct charity by clicking on the blue ABN. Scroll down the page until you get to the Deductible Gift Recipient Status. This will then provide the answer as to whether they are registered as a DGR or not.

13.01.2022 We would like to thank our clients, team members and families for all their continued support throughout the year. Wishing you all a safe and happy holiday period. We will be closing the 23rd December and will open again Wednesday 8th January. Merry Christmas and all the best for the new year.

13.01.2022 A massive Congratulations to Penny who has reached the next level in the Women In Finance Awards 2020, being nominated and now a Finalist in the Employer of the Year. This nomination is well deserved, and all the staff wish you the very best. Can't wait for the after party!!!

13.01.2022 The move is on!!! As of Monday 23rd November 2020, you will find us in our new office premises, located at 27 Horatio Street Mudgee. We look forward to seeing you all at our new location.

12.01.2022 To all our Lightning Ridge Clients. We will be back in Lightning Ridge on Wednesday 22nd, Thursday 23rd and Friday 24th July 2020 to help you with your Tax Returns. We will be located at 30 Morilla Street Lightning Ridge this time, and would love to see you all.... Places are filling up quickly, so please phone the office on 63 727001 to make your appointment.

12.01.2022 Travelling For Business.. If you travel for your business, you might be wondering which expenses you can claim in your tax return. The ATO have created a fact sheet to help you get your business travel expenses right.... The ATO Small business travel expenses fact sheet will help you answer common questions about: which expenses you can and cant claim separating private and business portions of expenses records you need to keep how to keep a travel diary. The fact sheet is short and easy to use - download it now! https://iorder.com.au/publication/publicationdetails.aspx

11.01.2022 Thank you to all the wonderful people that have donated so far, the box at Adam & Associates is almost full. We still have a few boxes to go to be able to give each resident and their family one, so please keep the donations coming. Your support is greatly appreciated.

10.01.2022 Tax Office to return money from inactive super accounts from Friday Its rare to get a cash injection without having to lift a finger but thats exactly what will be happening to millions of us within days. Surprise cash payouts are about to land in the accounts of millions of Australians and yours could be in line too. From Friday, an estimated 2.6 million Australians could find a welcome gift from the Australian Taxation Office in their everyday bank account or their su...perannuation account. Its all thanks to some new changes to superannuation laws, designed to reunite people with their lost super. In a nutshell, the changes mean people with inactive super accounts with balances of less than $6000 can now have that balance automatically transferred by the ATO into their active super account. However, if the balance is less than $200, that sum will automatically be sent to their bank account and if a person is aged over 65, the cash will be sent to their bank account regardless of the total. The law change means people with multiple super accounts they may have forgotten about, such as those who have started new jobs who were automatically signed up to a default fund without realising it, will no longer lose out on their hard-earned money. Association of Superannuation Funds of Australia deputy chief executive officer Glen McCrea said those who are set to receive a payment will receive a notification from the ATO once the cash has been paid, with most payments to be made by the end of November. Its a fantastic opportunity to engage with any lost or unclaimed super that individual members may have after all, its your money. The move is the result of the Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019, which means super providers are now required to report and pay accounts with a balance of less than $6000 to the ATO.

10.01.2022 3rd birthday celebrations

10.01.2022 Our office will be closed Friday 30th March and Monday 2nd April. Wishing all our family, friends and clients a Happy Easter

08.01.2022 Tax Office to return money from inactive super accounts from Friday It’s rare to get a cash injection without having to lift a finger but that’s exactly what will be happening to millions of us within days. Surprise cash payouts are about to land in the accounts of millions of Australians and yours could be in line too. From Friday, an estimated 2.6 million Australians could find a welcome gift from the Australian Taxation Office in their everyday bank account or their su...perannuation account. It’s all thanks to some new changes to superannuation laws, designed to reunite people with their lost super. In a nutshell, the changes mean people with inactive super accounts with balances of less than $6000 can now have that balance automatically transferred by the ATO into their active super account. However, if the balance is less than $200, that sum will automatically be sent to their bank account and if a person is aged over 65, the cash will be sent to their bank account regardless of the total. The law change means people with multiple super accounts they may have forgotten about, such as those who have started new jobs who were automatically signed up to a default fund without realising it, will no longer lose out on their hard-earned money. Association of Superannuation Funds of Australia deputy chief executive officer Glen McCrea said those who are set to receive a payment will receive a notification from the ATO once the cash has been paid, with most payments to be made by the end of November. It’s a fantastic opportunity to engage with any lost or unclaimed super that individual members may have after all, it’s your money. The move is the result of the Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019, which means super providers are now required to report and pay accounts with a balance of less than $6000 to the ATO.

08.01.2022 Each tax time, there are always a few tax myths floating around. One of the most common? That everyone can automatically claim work-related expenses up to a certain value. Read on as the ATO set the record straight Myth: Everyone can claim $300 for work-related expenses, including $150 for work clothes or laundry, and 5,000km worth of car expenses. Fact: Not quite true! Theres no automatic entitlement in order to claim a work-related expense, you must have actually s...pent the money. And while some claims dont require up-front evidence, you must be able to demonstrate the expenses relate to earning your income and how you calculated the claims. If youre not sure what you can claim or how to calculate your deductions, read our info at www.ato.gov.au//Income-and-deduct/Deductions-you-can-claim or chat with a registered tax agent.

05.01.2022 To our wonderful Clients and Friends Thankyou to everyone that has donated to our Christmas Charity hampers. Your donations are greatly appreciated. To anyone that would like to donate and hasnt as yet we will need to have your goods dropped in by Wednesday 20th so we can deliver the hampers on thursday. Thanks

05.01.2022 To all our valued clients, our phone lines are down. We appreciate your patience in this matter. If it is urgent please email [email protected]

05.01.2022 To all our wonderful clients. Our office will be closing for a well earnt Christmas break on Friday 21st December at 4pm and will be reopening again on Monday 7th January at 8.30am. All the staff at Adam and Associates wish you and your families a beautiful Christmas and we look forward to seeing you all again in 2019.... Merry Christmas From Penny, Jeanette, Jodie and Kiley.

05.01.2022 Hi Lightning Ridge Clients. We are here! Drop your tax off to us. We are located in the SES building.... See you soon.

04.01.2022 Budget 2018-19 has been released. Review it here

04.01.2022 Happy New Year After a long year we are having a short break. The office will reopen 11th January. Happy Holidays Happy New Year After a long year we are having a short break. The office will reopen 11th January. Happy Holidays

03.01.2022 Lightning Ridge Clients Need your tax done! Penny Adam from Adam and Associates Chartered Accountants will be in Lightning Ridge on 29,30,31 July to complete your tax returns.... Phone the office on 63727001 or visit our Facebook page to book an appointment.

02.01.2022 From 1st July, the new minimum repayment threshold for study and training loans has been lowered to $45,881.00. This means that employees who earn $45,881 or above and have a study or training debt will now need to make compulsory payments for the first time. If this is the case, then you may need to fill out a new Tax File Number Declaration and declare yes at number 9. ... Give the new form to your employer and they will withhold additional tax to cover any compulsory repayments. This may avoid receiving a large tax debt at the end of the financial year. For further information or to view the new rates go to ato.gov.au/rates/HELP,-TSL-and SFSS-repayment-thresholds-and-rates/