Adams Triglone Chartered Accountants in Baulkham Hills, New South Wales | Website

Adams Triglone Chartered Accountants

Locality: Baulkham Hills, New South Wales

Phone: +61 2 8848 3000

Address: 608/12 Century Circuit 2153 Baulkham Hills, NSW, Australia

Website: http://www.adamstriglone.com.au

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25.01.2022 You can claim GST credits for most business purchases. However, there are some things that are GST-free or that you can't claim for various reasons. If your suppliers aren't registered for GST, you can't claim GST credits. That applies even if they give you a tax invoice with an ABN and GST amount on it. Things such basic foods, some medical goods or services and other items are GST-free.... Check your tax invoices and only claim the amount of GST shown. If you use an item for both personal and business use, you can only claim the business portion. There is no GST on wages you pay to staff. There are also some property transactions where you can't claim GST credits. For example, you can't claim GST credits when buying a property using the margin scheme or build-to-rent developments.

24.01.2022 Paid contractors? Your Taxable payments annual report is due 28 August! If your business pays contractors or subcontractors, you may need to lodge a Taxable payments annual report (TPAR) by 28 August. Read more about this report here https://www.ato.gov.au//Paid-contractors--Your-Taxable-pa/

23.01.2022 Payroll Services | Administering your payroll can be time-consuming and divert you from your core business activities. Added to this, payroll and employment legislation are growing increasingly complex. We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes: Customised payslips Administration of PAYG, statutory sick pay, and annual leave... ATO filing Summaries and analyses of staff costs Administration of incentive schemes, bonuses, and termination payments Enquire about this service here http://www.adamstriglone.com.au/contact_adams_triglone

23.01.2022 The Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020 was passed by the Senate on Tuesday after minor technical changes were approved. The bill extends the JobKeeper scheme by a further six months to 28 March 2021, replacing the $1,500 a fortnight payment with a new two-tier payment rate from 28 September 2020. A legislative instrument setting out the detailed rules for the new rate and the new eligibility criteria based on the decline in turnover... for the previous quarter is expected to be issued shortly by Treasurer Josh Frydenberg. https://www.aph.gov.au//Bills/Bills_Search_Results/Result

23.01.2022 When things get busy in your business, it’s easy for due dates to sneak up on you. Keeping on top of due dates can help you keep your business running smoothly. Find all of the key dates for your business this month via our website! http://www.adamstriglone.com.au/resources/key_dates

22.01.2022 Are you weighing up a couple of different home loans and not sure which one will work out better for you? Crunch the numbers with our online Complete Loan Comparison calculator! http://www.adamstriglone.com.au/c/complete_loan_comparison

21.01.2022 What do commission income, incentive payments and dividends from investments have in common? They’re all examples of assessable income that small businesses need to report in their tax return! Find out about the ins and outs of what you need to declare. Go to https://www.ato.gov.au//income-and-dedu/assessable-income/

20.01.2022 Let's use this time as an opportunity to reflect! Dramatic events prompt us to look critically at our situation and take care of our affairs which we may have neglected. Wills, succession planning and asset protection are a good starting point. Who do you depend upon and who depends upon you? What needs to happen to strengthen these relationships? We can help you navigate this, reach out today:... (02) 8848 3000 [email protected] See more

19.01.2022 Our Difference ..... Our focus is on you! We provide you with advice proactively, when your business needs it, not just when you ask for it. We will help you manage every aspect of your business. Reach out today:... [email protected] (02) 8848 3000 See more

19.01.2022 Today is R U OK day. The message for this year is 'THERE'S MORE TO SAY AFTER R U OK?' 2020 has been a challenging year for everyone and circumstances have made it even more important for us all to stay connected and, for those who are able, be willing to support those around us. You don’t have to be an expert to keep the conversation going when someone says they’re not OK. By knowing what to say you can help someone feel supported and access appropriate help long before they...’re in crisis, which can make a really positive difference to their life. If you, or someone you know needs help, please see the link below for an extensive list of phone numbers where help is available. https://www.ruok.org.au/findhelp

18.01.2022 From 1 July 2020, parents accessing the Government's parental leave pay (PPL) scheme will have greater flexibility and options. Previously, new parents could apply for PPL for a continuous block of up to 18 weeks. The changes split this time period into two: A continuous period of up to 12 weeks, and 30 flexible days.

17.01.2022 Welcome to the September edition of the Adams Triglone Newsletter This month, we focus on understanding the value of your business, JobKeeper and forecasting during a pandemic.... http://www.adamstriglone.com.au//newsletters/september_2020

17.01.2022 JobKeeper extension rules The Commissioner of Taxation’s rules around the JobKeeper extension have now been registered. Please see link for more details https://www.ato.gov.au///JobKeeper-extension-announcement/

17.01.2022 Here's our top 3 tips when it comes to conducting productive employee performance reviews: 1 Do them frequently and regularly - Once a year isn't regular enough because employees will go for too long without having a sense of how well they're doing, or what areas they can improve in. By the time you get around to discussing an issue, it's likely gone on a long time. 2 Be present - The majority of workers want to do a good job and want to learn where they can improve. Y...our performance evaluations are important to them and also to the future of your business. Show your employees you care about them and their growth by being dedicated to those conversations. 3 Be consistent and flexible - Owning a small business means you likely have personal knowledge about some or all of your employees. If one employee would receive a special bonus for meeting her sales quota, all employees should receive that bonus. No one should receive special treatment just because you know more about their personal circumstances.

16.01.2022 Welcome to the August edition of the Adams Triglone Newsletter This month, we focus on where to get help if you need it for business and individuals. Plus, Covid-19 and your SMSF. http://www.adamstriglone.com.au//ne/august_2020_newsletter

15.01.2022 Welcome to the February 2021 Newsletter This month, we focus on how to sell your business, the final stage of JobKeeper, winding up your business and an article from Ark Financial - Five tips for securing a Business loan. http://www.adamstriglone.com.au///february_2021_newsletter

15.01.2022 A compulsory work uniform is a set of clothing that identifies you as an employee of an organisation with a strictly enforced policy that makes it compulsory for you to wear the uniform while you're at work. What can you claim? a deduction for shoes, socks and stockings where they are an essential part of a distinctive, compulsory uniform, and where their characteristics (colour, style and type) are specified in your employer's uniform policy. a deduction for a single item... of distinctive clothing, such as a jumper, if it's compulsory for you to wear it at work. Personal circumstances always vary, so please ensure you contact us for specific advice. http://www.adamstriglone.com.au/contact_adams_triglone

15.01.2022 Surviving in today's business climate requires you to spend more time working on your business than in it. Running out of cash is not only a sign of poor planning, but it's also one of the biggest reasons that businesses fail. We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to: Realise and understand when cash is available Plan and prepare for expansion, stock control, and taxes... Analyse and anticipate key expenses Equipped with this information, we'll work with you to develop action strategies that improve your bottom line. Reach out to us today! (02) 8848 3000 [email protected]

14.01.2022 Reminder: JobKeeper December business monthly declarations should be lodged with the ATO by today (28 January 2021). The December declaration should be used for JobKeeper fortnights 18, 19 and 20, which covers the period from 23 November 2020 to 3 January 2021. If you would like assistance with this please give us a call 02 8848 3000

13.01.2022 Attention Employers Your employees will soon have more choice when it comes to the future of their super with the new workplace determinations and enterprise agreements made on or after 1 January 2021.

12.01.2022 Regardless of whether your income is pre-filled or manually entered, you need to make sure it is accurate and complete. Here's the types of income you need to declare: Employment income Super pensions and annuities... Government payments and allowances Investment income (including interest, dividends, rent and capital gains tax) Business, partnership and trust income Foreign income See more

12.01.2022 Need help working out your obligation? Use the Medicare Levy Calculator https://www.ato.gov.au/Calculators-and-tools/Medicare-levy/

12.01.2022 From 7 October 2020, eligible employers will be able to claim $200 a week for each additional eligible employee they hire aged 16 to 29 years old; and $100 a week for each additional eligible employee aged 30 to 35 years old. New jobs created until 6 October 2021 will attract the JobMaker Hiring Credit for up to 12 months from the date the new position is created.... To be eligible, the employee must have received the JobSeeker Payment, Youth Allowance (Other), or Parenting Payment for at least one of the previous three months at the time of hiring

10.01.2022 Please note our offices are closed today until Wednesday the 27th Jan where we'll be recharged and ready to roll!

10.01.2022 While many people will think tactically and short term, this may be an opportunity to set longer-term goals ... and get ahead of the competition. What's next for you and your business? If you'd like to chat about future-proofing your business, please get in touch with us today on 02 8848 3000.

09.01.2022 It's time to think long-term! While many people will think tactically and short term, this may be an opportunity to set longer-term goals ... and get ahead of the competition. Grow your business with confidence by reaching out to the team today to learn how we can help grow and protect your business with a strategic approach. [email protected] (02) 8848 3000

07.01.2022 We understand that due to COVID-19 your working arrangements may have changed and you may have worked from home. As a result, you may have expenses you can claim a deduction for at tax time. To claim a deduction for working from home, all of the following must apply: you must have spent the money the expense must be directly related to earning your income... you must have a record to prove it. If you require any assistance when it comes to tax time reach out today here http://www.adamstriglone.com.au/contact_adams_triglone

07.01.2022 New workplace determinations and enterprise agreements made on Jan 1, 2021 or after this date must now offer employees the right to choose the super fund to which you pay their compulsory super contributions. Once a new determination or agreement is in place, you need to offer a choice of super fund to: existing employees who request to choose their super fund all new employees.... Read more here

06.01.2022 Are you looking for an accountant who will go beyond the basics when it comes to finding opportunities that provide value to your business? Our goal is to offer ideas, strategies and services that are aligned with your goals so if this is something you're after you've come to the right place! Reach out today: 8848 3000 [email protected]

06.01.2022 JobKeeper 2.0 | The Government has announced further changes to the JobKeeper scheme. The good news is that employees that missed out on JobKeeper because they were not employed on 1 March 2020 might now be eligible. The proposed changes would enable employees employed on 1 July 2020 to receive JobKeeper payments from 3 August if they meet the other eligibility criteria. JobKeeper will also be extended beyond 27 September 2020. To receive JobKeeper from 28 September 2020, employers will need to reassess their eligibility with reference to actual GST turnover for the September 2020 quarter (for JobKeeper payments between 28 September to 3 January 2021), and again for the December 2020 quarter (for payments between 4 January 2021 to 28 March 2021). Learn more about this http://www.adamstriglone.com.au//ne/august_2020_newsletter

05.01.2022 Working out how much you can afford has never been easier! Want to know how much you can afford to borrow!? Use our online calculator which does all the work for you to work it out! http://www.adamstriglone.com.au/calculat/what_can_i_afford

05.01.2022 Estimate your repayments with our home loan repayment calculator By filling information such as the loan amount, interest rate, repayment terms, and repayment frequency, the calculator will show you the number of years and months it takes until your repayment period ends and your debt is eliminated. http://www.adamstriglone.com.au/calcula/how_long_to_repay_

04.01.2022 Australian economists are fairly united that there are a number of "zombie businesses" that are being kept alive by JobKeeper. These are the businesses that are only surviving because salary and wages are propped up by the subsidy. The danger with these businesses is that they are continuing to take on debt. JobKeeper ends in March 2021, Which coincides with one of the traditionally worst cashflow months of the year. It will be important to ensure that your business stays on top of its debtors and doesn't become a bank for your customers. It will also be important to understand your cashflow position, don't over commit, and stay on top of labour costs.

04.01.2022 In general, home office expenses are designed for those who run their business out of home. If you are merely working from home and not running a business at home, then it's unlikely you will be able to claim occupancy expenses such as mortgage interest or rent. Keep in mind that if you claim occupancy costs, this will impact on your access to the CGT main residence exemption. The water cooler is unlikely to be deductible as food and drink is considered to be private in na...ture. The items that beautify your office will generally only be deductible if they are displayed in open viewing areas in premises used for income producing purposes including reception areas, waiting rooms and foyers. If you are working from home and have set up a home office for this purpose, you can claim a deduction for your expenses based on the 80 cents per hour short cut method, the 52 cents per hour method (which excludes phone, internet, or the decline in value of equipment which are all claimed separately), or the actual method.

03.01.2022 JobTrainer is now providing a 50% reimbursement to eligible employers for the cost of apprentice or trainee wages up to $7,000 per quarter. For small businesses (under 20 employees), the apprentice had to be employed on 1 March 2020 or on 1 July 2020 for claims after this date (claims are open now). For medium sized businesses (under 200 employees), the apprentice had to be employed on 1 July 2020 (claims open 1 October 2020). To access the subsidy, you will need to provide ...evidence of wages paid to the apprentice. The subsidy is also accessible to larger employers employing apprentices let go by a small/medium business where that apprentice was eligible for the wage subsidy. The subsidy is scheduled to end on 31 March 2021.

02.01.2022 Being tax-smart when investing in property means more than making the right property choices. If you use your property to earn income at any time, you will have tax obligations and entitlements. Ready to learn more and create wealth through your investment property? (02) 8848 3000 [email protected]... http://www.adamstriglone.com.au/contact_ada/contact_details

02.01.2022 For many business owners, the payroll process can be quite daunting and tricky to navigate which is why we provide a comprehensive, confidential payroll service that includes: Customised payslips Administration of PAYG, statutory sick pay, and annual leave ATO filing... Summaries and analyses of staff costs Administration of incentive schemes, bonuses, and termination payments If you would like more information on how we can help you and your business contact us here http://www.adamstriglone.com.au/contact_adams_triglone

02.01.2022 We always love getting great feedback like this!

01.01.2022 In a massive data matching program, the ATO and Services Australia will share the records of approximately 3 million individuals to ensure that those accessing benefits are eligible to receive them. For those who access their superannuation early under the COVID-19 measures, Services Australia will verify their eligibility where they have indicated that they are eligible for the JobSeeker payment, parenting payment, special benefit, youth allowance or the farm household allowance. The program will review the records of those applying for early access between 19 April 2020 to 24 September 2020.