Ashok Parekh & Co Chartered Accountant | Accountant

Ashok Parekh & Co Chartered Accountant

Phone: +61 8 9021 5866

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25.01.2022 {UPDATE} The services are all back up and running {MY GOV ACCESS IS DOWN} ... If you are trying to access your group certificates on Mygov today please be aware that the system is currently down! The ATO is experiencing heavy traffic through the site with all the changes this year, they are in the process of fixing this at the moment. We will update you as we get more info from the ATO.

24.01.2022 { INTERNATIONAL WOMENS DAY } Did you know that over 80% of our workforce are women! With 13 females making up the Ashok Parekh & Co name (including 8 of which are working mums to a total of 12 children and infants between them) we are one workplace proving that women are powerful ... That doesnt go without saying that we are extremely fortunate to work alongside some of the most incredible men in the Industry. We hope that individually as well as a business that we can inspire other young girls and women that there are no limits to success and empowerment in a largely male orientated industry! Who is a strong woman inspiring you to strive for greatness?

24.01.2022 Our online services are back up and running. Thanks for your patience while we worked on a fix. We apologise again for the inconvenience. Yesterdays issue did ...not impact the processing of already lodged returns in any way. Refunds continued to be paid into peoples bank accounts throughout the day and this will continue as normal next week. See more

23.01.2022 We've just announced the details of Phase 3 of our roadmap for the easing of restrictions, with significant changes coming into effect on Saturday 6 June. As pa...rt of our carefully planned roadmap, Western Australia is now ready to take the next step. This next step will be significant, and it will be challenging. Before I detail the changes, I will say this - WA’s success allows us to move ahead and take significant steps, BUT we all must continue to act responsibly, that means good physical distancing where possible and good personal hygiene. Because if we have an uncontrolled outbreak, I don’t want to have to place restrictions back on. We cannot afford to undo all our good work. Phase 3 will be introduced from next Saturday, thanks to the success in limiting community transmission in WA during Phase 2, and on the advice of our Chief Health Officer and State Emergency Coordinator. As part of Phase 3, the follow changes will occur: - Non-work indoor and outdoor gatherings of up to 100 people will be allowed, a five-fold increase from the current 20-person limit. - Up to 300 people will be allowed in some settings, including for indoor or outdoor venues with multiple, divided spaces, with up to 100 people in each space. - All food businesses and licensed premises can now operate with seated service only, and alcohol may now be served without a meal at licensed premises. - All beauty therapy and personal care services can reopen, including saunas and wellness centres. - Galleries, museums, theatres, auditoriums, cinemas and concert venues can reopen with the 100/300 rule followed. - Perth Zoo will open, as can wildlife parks, amusement parks, arcades and indoor play centres. - Playgrounds, skate parks and outdoor gym equipment can reopen. - Gyms, health clubs, indoor sports centres will be able to offer the normal range of activities, including use of all gym equipment. However, Gyms will need to be staffed at all times and undertake regular cleaning. - Full contact sport and training will now be permitted in Western Australia. This will mean from next weekend, people of all ages will be able to start competitive contact sports. - Parents and guardians will be able to enter school grounds to drop off or pick up their children as part of Phase 3. - TABs are permitted to reopen. The Chief Health Officer will separately work with Crown Casino on how the gaming floor could reopen in the future. These are all major steps forward for Western Australia. Phase 3 will be a big leap but it’s one we can make under the watchful eye of our expert health advisors. The four square metre rule was introduced in line with health advice. I know it’s a rule that is hurting businesses. I’ve been out for dinner in Rockingham and seen tables and chairs stacked up, because the four square metre rule is limiting the number of people that can be in some venues. As was always going to be the case in Phase 2, the four square metre rule prevented a large number of businesses from opening. As we now increase the limit on gatherings to 100, I wanted to make sure we closely assess this rule. Our Chief Health Officer has now advised, that due to WA’s hard border with the east remaining in place, Western Australia is now in a position to move ahead of the national advice. As part of Phase 3, Western Australia will be the first State in the nation to remove the rule and instead implement a two square metre per person capacity rule for venues. This will replace the four square metre rule, which is the current national position. This is an important and substantial move forward our State, and I hope it means many more businesses will be able to open and employ more Western Australians. I know it’s still not perfect, but we are now able to move ahead of the rest of the nation. In addition, as part of Phase 3, Rottnest Island will reopen to the WA general public. Rottnest has served us well as our own quarantine island during this crisis. We can only make these changes because of the hard work of everyone across our State. But in particular our hard border controls give us the flexibility to progress further along on roadmap. Once again, WA has led the way, and I hope our performance can continue to lay the path forward for the other States. Now is the time for Western Australians to wander our great State and support local businesses. Just like Phase 2, we will carefully monitor the introduction of Phase 3 and its impact in our community. Together, as part of a rigorous consultation process involving the Chief Health Officer and Police Commissioner, we will closely assess Phase 3. We will then work towards further restrictions being eased as part of Phase 4 in coming weeks. This will predominantly be focused on even larger gatherings, the new two square metre rule and some of the other existing restrictions. A time for Phase 4 introduction will be determined in the future, but it will follow the approach we have taken between earlier phases.

23.01.2022 The boss man Ashok Parekh (and chairman of Horizon Minerals) holding Horizon Minerals LTD first gold pour in the The West Australian

23.01.2022 Our Accountants having a well earned drink after a long day of getting up-to-date with the 2019 tax changes. Day one done

22.01.2022 {HAPPY FATHERS DAY ASHOK} A special happy Fathers Day to Ashok from his daughter Siobhan

22.01.2022 OUR PROUD SPONSORS Our annual Teddy Bears Picnic is on again next month, we would like to take a moment to thank our generous sponsors. Without your suppor...t, we wouldnt be able to put on such an amazing event. Thank you! Goldfields Settlements Sheed Electrical Riklan Emergency Management Services Barnicott Plumbing EBM IMFS Ashok Parekh & Co Chartered Accountant D&R Plumbing and Gas Services Kal City Construction

21.01.2022 { OFFICE CLOSURE } Please Note: Our Kalgoorlie, Mandurah and Bunbury offices will be closed from 20th December 2019 to 06th January 2020 for the festive seasons. From all of us here at Ashok Parekh & Co Pty Ltd, we wish you and your families a very Merry Christmas and a wonderful, safe and prosperous New Year!

21.01.2022 {HAPPY BIRTHDAY RENEE} We would like to wish our Kalgoorlie Senior Receptionist Renee a very big Happy 24th Birthday today! As you can see she was very spoilt today. We hope you have an amazing day Renee!

21.01.2022 { TAX RETURN DEADLINE } With a little over a week until the October 31st Deadline, now is the time to ensure you have your Individual Tax Return lodged by the due date. Be sure to contact one of our friendly and professional Accountants today to ensure you beat this months deadline! ... Kalgoorlie: (08) 9021 5866 Karratha: (08) 9021 5866 Mandurah: (08) 6168 2448 Bunbury: (08) 9721 5725

21.01.2022 The $550 Coronavirus Supplement is taxable. This means you need to include it as income in your 2019/20 tax return. Some of you have asked us how you can have ...tax deducted from the Coronavirus Supplement each fortnight. Weve recently made an update to make this easy for you. From 25 May, if youve asked us to withhold tax from your income support payment, well now deduct your nominated dollar amount or percentage from the combined total of your income support payment and the Coronavirus Supplement. For example, if you get $100 of JobSeeker Payment and the $550 Coronavirus Supplement, well deduct tax from the combined amount of $650. If youve chosen to deduct a dollar amount of tax from your income support payment, you may want to check and decide if you need to update it to cover the extra income. If you were paying a percentage of tax on your income support payment, you dont need to do anything. This will be applied to the combined total of your income support payment and the Coronavirus Supplement. You can check how much youre currently having deducted and decide if you need to update this. If youre unsure how the Coronavirus Supplement will impact how much tax you need to pay, you can use the tools on the Australia Taxation Office website to help you: https://www.ato.gov.au/Calculators-and-tools/Host/ To find out more about setting up a tax deduction on your income support payment, watch the video below or theres more information here: servicesaustralia.gov.au/taxonapayment

20.01.2022 Dentist visits. Piano lessons. Lego sets. All normal, everyday expenses Which have also been claimed in the other deductions section of peoples tax returns ... #TrueStory Every year we receive a number of, ahem, interesting claims usually for personal or private items that arent deductible. Some of the most memorable include: Marriage ceremony - reception party Daughters first birthday Pay my wife for housework Post graduate doctorate of philosophy Cost of raising twins When it comes to claiming other deductions, theres no need to guess! Read up on legitimate claims at www.ato.gov.au//D15-Other-deductions---not-claimable-at-it or talk to a registered tax agent.

18.01.2022 { HAPPY MOTHERS DAY } On this special day of the year, we celebrate all the amazing women in our lives. We hope you all have a wonderful day!

18.01.2022 {ANZAC DAY} Ashok Parekh & Co wishes to remember and honor those who bravely fought for our freedom, those who sacrificed their lives for our own and those who continue to serve our great Nation. #LestWeForget... Please note: Our Kalgoorlie, Mandurah, Bunbury and Karratha offices will be closed today, April 25th and will reopen on Monday April 29th.

17.01.2022 { ATO DISASTER ASSISTANCE } Our hearts, like many others are with those affected by the catastrophic fires tearing through communities all over Australia. We know your Tax Affairs are more than likely the least of your concerns right now!... The ATO also understands that these are tough and unprecedented times for thousands of Australians. Therefore many measures have been put in place for those affected to ensure that right now, you are where you are needed most; with your loved ones and communities! The ATO will be here to help you with your Tax Affairs when you are ready. #weareaustralian

16.01.2022 GET THE UPDATE ON THE NEW TAX OFFSET

16.01.2022 SCAM ALERT! Be on the lookout for suspicious emails claiming to be from myGov. This latest phishing scam from a fake myGov email address asks you to fill o...ut a form in order to claim a tax refund. Dont click anywhere in the email and dont provide your personal details! Always think twice about clicking links or opening attachments in emails, and remember we dont have an online tax refund form. Warn your friends and family to stay alert, and get all the details at www.ato.gov.au//Online-ser/Identity-security/Scam-alerts/ Security tip: Make accessing our online services more secure update your myGov sign-in options at https://my.gov.au so you receive an SMS code for each log in.

15.01.2022 {TAX TIP TUESDAY} Donations are one of most common things people forget to claim, or incorrectly claim as a tax deduction. There are a few things you need to check before claiming a donation. Below are the contributions that the Australian Tax Office does NOT classify as a gift or donation:... Raffle or art union tickets Items such as chocolates and pens Cost of attending fundraisers Membership fees Payments to school building funds as an alternative to an increase in school fees Payments that may provide a material benefit for the donor including raffle tickets which may win a prize (boats, cars etc) Kalgoorlie & Karratha (08) 9021 5866 Mandurah (08) 6168 2448 Bunbury (08) 9721 5725

10.01.2022 Rethinking certain decisions this week? We all have regrets, but your tax return doesnt have to be one of them. Check to see which deductions you can claim at www.ato.gov.au//Income-and-deduc/Deductions-you-can-claim/

10.01.2022 { OFFICE CLOSURE } Please Note: Our Kalgoorlie and Mandurah offices will be closed today due to the WA Day long weekend. We will be closed from Thursday 30/05/2019 at 4:30PM and will reopen on Tuesday 04/06/2019 at 8:30AM. From the team at Ashok Parekh & Co, we apologies for any inconvenience and wish you all a safe and enjoyable long weekend.

09.01.2022 {CHRISTMAS DRINKS} Our Kalgoorlie office having a well deserved drink before our Christmas closure!

09.01.2022 { EASTER EXTENDED OFFICE CLOSURES } Please note our Kalgoorlie, Mandurah , Bunbury and Karratha Offices will be closed this Easter Long Weekend! We will be closed from 430pm, Thursday April 18th and will reopen: ... Kalgoorlie: 830am, Wednesday April 24th. Mandurah, Bunbury & Karratha: 830am Monday, April 29th. We do apologise for any inconvenience and thank you for your understanding. On behalf of Ashok Parekh & Co we wish you all a happy and safe Easter break! See more

08.01.2022 Congratulations to our amazing boss Ashok Parekh for being appointed as the new chairman for Horizon Minerals Ltd! https://www.google.com.au//www.p/companies/amp/news/923025

07.01.2022 {MKT Premium Accountants Network} Did you know our Accountants at Ashok Parekh & Co are members of the MKT Premium Accountants Network (PAN)? MKT provide specialist technical support and assisting with complex tax matters for our clients. Last month our Accountants attended the annual MKT PAN conference which is a one-day event that features a number of prominent Perth professionals speaking on a range of topics directly aimed at small business and family group clients.... Thanks Sean and the MKT team for another great PAN conference. Professional, informative and enjoyable as usual.

07.01.2022 {POWER OUTAGE} Please be advise our Mandurah, Kalgoorlie & Bunbury offices have unfortunately lost power due to an unexpected Western Power power outage. We do sincerely apologise for the inconvenience and thank you for your patience.

07.01.2022 { TAX TIP TUESDAY } "If you have missed an expense, go get it!" - Mark Kohler If you have made a mistake or forgotten to include income or a deduction and need to amend your tax return, it is important you do so promptly.... There are time frames that apply when lodging an amendment, generally you have two years from the original date of lodgment to request a prior year return be amended. However in some cases you may be eligible to lodge an objection if out of the specified time frame. Contact your Accountant at Ashok Parekh & Co if you believe you have missed an expense or eligible deduction and would like to amend your Return today! Kalgoorlie: 08 9021 5866 Mandurah: 08 6168 2448 Bunbury: 08 9721 5725 Karratha: 08 9021 5866

05.01.2022 { TAX TIP TUESDAY } A taxpayer can claim a deduction for expenses they incur whilst managing their tax affairs. These expenses, like others, are deductible in the year they are paid. These deductible expenses include:... The cost of travel to obtain tax advice. This can be calculated on the cents per kilometre basis or alternatively, the actual cost incurred, such as a taxi fare. Costs of preparing and lodging tax returns, business activity statements, or tax advise received from a registered tax agent, barrister or solicitor. Tax reference books, materials and subscriptions. Legal expenses and costs incurred regarding the management of your tax affairs. However, fees paid to non-registered tax agents are NOT deductible. For more information, dont hesitate to contact your friendly accountant at Ashok Parekh & Co Chartered Accountant! Contact us! Kalgoorlie & Karratha - (08) 9021 5866 Mandurah - (08) 6168 2448 Bunbury - (08) 9721 5725

04.01.2022 { MY GOV ACCOUNTS } Has your employer told you that you have to get a My Gov account to access your group certificate? The truth is, you dont! If youre anything like us the thought of another password to remember and account to set up can be annoying! ... If you complete your tax with an accountant, there is no need for you to create a MyGov account if all youre using it for is accessing your payment summaries. We can access all the information that would be displayed in your MyGov account through our Tax Agent Portal. So if this sounds like you? We are happy to help! 08 9021 5866 [email protected]

04.01.2022 {TAX TIP TUESDAY} You can claim a deduction for the following expenses incurred in managing your tax affairs. These expenses can include: The preparation and lodgment of your tax return and activity statements.... Travel to obtain tax advice from a recognised tax adviser. Obtaining a valuation needed for a deductible donation of property or for a deduction for entering into a conservative covenant. Expenses for the preparation and lodgment of your tax return and activity statements include costs associated with: Buying tax reference material. Tax return preparation courses. Lodging your tax return through a registered tax agent. Obtaing tax advice from a recognised tax adviser. Dealing with the ATO about your tax affairs Purchasing software to allow the completion and lodgment of your tax return. Fees paid to a recognised tax adviser are deductible in the year you incurred them. Please remember only a Registered Agent is authorised to charge a fee when preparing and lodging your return as they have the appropriate knowledge, experience, qualifications and insurances necessary to do so! Be sure youre covered this year by booking your tax appointment with Ashok Parekh & Co! Kalgoorlie & Karratha: (08) 9021 5866 Mandurah: (08) 6168 2448 Bunbury: (08) 9721 5725

03.01.2022 { LONG WEEKEND } What do you have planned for the long weekend?... Our office will be closed on Monday 1st June & Tuesday 2nd June. Our staff will be back as usual on Wednesday the 3rd June. All enquiries will be answered to first thing Wednesday morning! Have a safe & happy long weekend! #accountant #kalgoorlie #longweekend See more

02.01.2022 SCAM ALERT Weve seen an increase in scam text messages (SMS) offering fake tax refunds. These messages will usually ask you to click a link to claim a refu...nd, and may appear to come from the ATO. Dont click the link or anywhere in the message, even if it seems legit. Dont provide your personal info. Well never ask for your details over text message. Warn your family and friends to watch out for this scam. Visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

02.01.2022 M E L B O U R N E C U P L U N C H The Kalgoorlie office enjoyed the race that stopped the nation at the star and garter hotel. We have had a good couple of wins

02.01.2022 Weve just announced the details of Phase 3 of our roadmap for the easing of restrictions, with significant changes coming into effect on Saturday 6 June. As pa...rt of our carefully planned roadmap, Western Australia is now ready to take the next step. This next step will be significant, and it will be challenging. Before I detail the changes, I will say this - WAs success allows us to move ahead and take significant steps, BUT we all must continue to act responsibly, that means good physical distancing where possible and good personal hygiene. Because if we have an uncontrolled outbreak, I dont want to have to place restrictions back on. We cannot afford to undo all our good work. Phase 3 will be introduced from next Saturday, thanks to the success in limiting community transmission in WA during Phase 2, and on the advice of our Chief Health Officer and State Emergency Coordinator. As part of Phase 3, the follow changes will occur: - Non-work indoor and outdoor gatherings of up to 100 people will be allowed, a five-fold increase from the current 20-person limit. - Up to 300 people will be allowed in some settings, including for indoor or outdoor venues with multiple, divided spaces, with up to 100 people in each space. - All food businesses and licensed premises can now operate with seated service only, and alcohol may now be served without a meal at licensed premises. - All beauty therapy and personal care services can reopen, including saunas and wellness centres. - Galleries, museums, theatres, auditoriums, cinemas and concert venues can reopen with the 100/300 rule followed. - Perth Zoo will open, as can wildlife parks, amusement parks, arcades and indoor play centres. - Playgrounds, skate parks and outdoor gym equipment can reopen. - Gyms, health clubs, indoor sports centres will be able to offer the normal range of activities, including use of all gym equipment. However, Gyms will need to be staffed at all times and undertake regular cleaning. - Full contact sport and training will now be permitted in Western Australia. This will mean from next weekend, people of all ages will be able to start competitive contact sports. - Parents and guardians will be able to enter school grounds to drop off or pick up their children as part of Phase 3. - TABs are permitted to reopen. The Chief Health Officer will separately work with Crown Casino on how the gaming floor could reopen in the future. These are all major steps forward for Western Australia. Phase 3 will be a big leap but its one we can make under the watchful eye of our expert health advisors. The four square metre rule was introduced in line with health advice. I know its a rule that is hurting businesses. Ive been out for dinner in Rockingham and seen tables and chairs stacked up, because the four square metre rule is limiting the number of people that can be in some venues. As was always going to be the case in Phase 2, the four square metre rule prevented a large number of businesses from opening. As we now increase the limit on gatherings to 100, I wanted to make sure we closely assess this rule. Our Chief Health Officer has now advised, that due to WAs hard border with the east remaining in place, Western Australia is now in a position to move ahead of the national advice. As part of Phase 3, Western Australia will be the first State in the nation to remove the rule and instead implement a two square metre per person capacity rule for venues. This will replace the four square metre rule, which is the current national position. This is an important and substantial move forward our State, and I hope it means many more businesses will be able to open and employ more Western Australians. I know its still not perfect, but we are now able to move ahead of the rest of the nation. In addition, as part of Phase 3, Rottnest Island will reopen to the WA general public. Rottnest has served us well as our own quarantine island during this crisis. We can only make these changes because of the hard work of everyone across our State. But in particular our hard border controls give us the flexibility to progress further along on roadmap. Once again, WA has led the way, and I hope our performance can continue to lay the path forward for the other States. Now is the time for Western Australians to wander our great State and support local businesses. Just like Phase 2, we will carefully monitor the introduction of Phase 3 and its impact in our community. Together, as part of a rigorous consultation process involving the Chief Health Officer and Police Commissioner, we will closely assess Phase 3. We will then work towards further restrictions being eased as part of Phase 4 in coming weeks. This will predominantly be focused on even larger gatherings, the new two square metre rule and some of the other existing restrictions. A time for Phase 4 introduction will be determined in the future, but it will follow the approach we have taken between earlier phases.

01.01.2022 Have you kept your receipts this year? Our Accountants have plenty of tips on how to make record keeping easier and maximise your deductions. Check out our video below on how to use the free ATO mydeductions app https://m.youtube.com/watch