ATP Accounting & Taxation Professionals in Baulkham Hills, New South Wales | Tax preparation service

ATP Accounting & Taxation Professionals

Locality: Baulkham Hills, New South Wales

Phone: +61 2 8850 3888

Address: Suite 105, 4 Columbia Court, Norwest Business Park 2153 Baulkham Hills, NSW, Australia

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

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• Accountant
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25.01.2022 With so many Australians working from home to reduce the risk of coronavirus, the Australian Taxation Office are making it easier to claim your expenses this tax time. From 1 March until 30 June 2020, they are allowing you to claim 80c per hour for each hour you spend working from home. This will cover all your expenses, including your: Heating and cooling Electricity... Mobile phone Internet Depreciation of office equipment You can still use other methods to calculate your claim if it works out better for you; however, whichever method you choose, youll need to make sure you have records to support your claim. Find out more about the change at the following link:

25.01.2022 Discussing #EOFY #Business #Tax #Planning #Strategies at Business Insights with Mario at Alive 90.5 FM with the lovely Gillian Brown Schrickker and the inspiring hosts Mario Bekes and Darryn Capes-Davis

25.01.2022 To all the lovely mothers, Happy Mothers Day and have a lovely day celebrating

25.01.2022 Dont let tragedy define your life, Initiate meaning and purpose in life, Dont be judgmental, Be the voice and support for others, great words of advice by the inspiring #RosieBatty on Friday at the Coleman Greig Lawyers, Coleman Greig Women in Business, #WomenInBusiness event and celebrating the Western Sydney University #WomenOfTheWest #Awards with inspiring Winners and Nominees at the beautiful Waterview in Bicentennial Park with dear friends #EachForEqual #IWD #IWD2020

25.01.2022 What is Personal services income (PSI)? Personal services income (PSI) is income that is mainly a reward for an individual's personal efforts or skills. You can receive PSI in almost any industry, trade or profession. Some common examples include:... - medical practitioners - financial professionals - information technology (IT) consultants - engineers - construction workers - if you obtain work through an agency PSI doesn't affect you if you're an employee receiving only salaries and wages. If you are operating through an entity, such as a company, partnership or trust, and are an employee of that entity then the PSI rules may still apply. When PSI rules apply, there are limits to deductions that you can claim against this income. In general, an individual who earns PSI is treated as though they are in the same position as an employee. #business #accountant #adviser #accounting #tax #taxation #taxplanning #advice

25.01.2022 What record-keeping requirements does the Australian Taxation Office (ATO) have in place? Record-keeping, if done well, can help running a business much easier. It gives you an overview of the business’ financial progress so that owners can assess their strengths and weaknesses and make decisions accordingly. Record keeping also enables owners to meet their tax and superannuation obligations easily all the data and information required is readily available. Finally, record-...keeping provides owners with a profile, of sorts, which demonstrates the financial position of the business to banks or other lenders. Record-keeping requirements related to tax and superannuation need to be met. The specifics will depend on the unique tax and superannuation and obligations your business may have and the structure of your business (sole trader, partnership, company or trust). The Australian Taxation Office (ATO), requires the following from all businesses: * The records cannot be changed and further, the information should be kept so that it cannot be changed or damaged. * The records must be kept for 5 years from the date they were prepared, obtained or a transaction was completed or the latest act they relate to. The records might need to be kept for longer periods in certain circumstances. * The business must be able to show the ATO their records if requested. * The records must be in English or easily translated into English. The ATO will accept paper and electronic records. * There has been an inclination towards electronic record-keeping for both tax and super requirements as this makes certain tasks easier and reduces workload after initial set up. There may be some laws which require paper records in addition to electronic ones. * Businesses may also keep paper records electronically i.e. scan paper documents and store them on an electronic medium (and dispose of papers). * If records are stored electronically, then they should be on a device which owners have all access to, has been backed up, and allows the owner to have control over the information that is processed, entered or sent from the device. #Business #Accounting #Taxation #Tax #FAQs

24.01.2022 Big congratulations to Dr Arunima Gupta and Dr alok gupta on the official opening of Castle Hill Diagnostics by Dr Michelle Byrne - Hills Shire Mayor and Deputy Mayor Reena Jethi. It was great to meet the lovely team, tour the #Medical Practice and see all the latest medical equipment including state of the art digital x-ray, low dose CT, a comprehensive ultrasound service and interventional radiology procedures including image guided pain management injections and biopsies conveniently located at Shop 2&3, 299-301 Old Northern Rd, Castle Hill. The practice also have a dedicated Womens Imaging Suite with 3D mammography, breast ultrasound, breast biopsies and obstetrics and gynaecological ultrasound bringing a quality, accessible and affordable medical imaging service to the #SydneyHills community.

24.01.2022 Mediation, Deep Breathing, Morning Ritual, Positive Connections, Benefit finding, Generosity, Reframing, Up-skilling, Good diet, Exercise, Regular breaks and Sleep are some great tools to be become calmer and manage stress and enhance your #Business #Performance and #Productivity shared by the inspiring Chelsea Pottenger from EQ Minds. Please show your support and encouragement to all the #Accountants and #TaxAgents who are working hard under immense stress and pressure helping #Business owners implement all the Australian Government Stimulus Packages

23.01.2022 Discussing #EndOfFinancialYear #EOFY #Business #Tax #Planning #Strategies and the collaboration opportunities between #Accountants and #Bookkeepers at Grow The Business - Alive 90.5FM at Alive 90.5 FM with the lovely Everyday Money Solutions with Alison Walton, Mia Van Tubbergh and Paul Cripps

21.01.2022 As a business owner, you need to continually update various different skills. Improving these skills will enable you to improve all aspects of business operations. -Financial skills Being an owner means being able to manage finances. You should be able to effectively forecast your cash flow, monitor profit and loss, create budgets and make financial decisions which reflect all of these factors.... -Marketing and Sales You should understand how the promotion of your products and services will take place. Marketing strategies are always changing and updating with technology, so make sure you keep up with these changes to ensure you are increasing your chances of sales. -Communication and negotiation Building relationships with your suppliers, potential investors, customers and employees is essential. Effective communication and negotiation skills are the cornerstones of success in this area so make sure you cultivate these skills. -Leadership, project management and planning Having an understanding of each aspect of your business will allow you to plan your projects and lead your team members. Keep yourself updated with different management styles, develop policies and procedures that will help your team members and manage resources to achieve your business goals While you may be able to hire advisors, marketing directors, and managers, this does not absolve you from the responsibility of overseeing your business. This is why it is integral to continually update your skills and knowledge so you can understand the decisions being made about your business

21.01.2022 Businesses now able to claim JobKeeper for new employees: A legislative instrument was registered on 14 August 2020 amending the JobKeeper rules to allow businesses to claim the subsidy in respect of new employees. The changes apply to JobKeeper fortnights beginning on or after 3 August 2020. Under the changes, the reference date for assessing which employees are eligible for the JobKeeper payment is now 1 July 2020. Another very positive change relates to the ability for an... employee to re-nominate with a new employer (which was previously not allowed). Broadly, if an individual was a 1 March 2020 employee of another entity but is not employed by that entity at any time from the start of 1 July 2020, then the individual is now permitted to give a nomination notice to a new employer. The same applies for eligible business participants, as applicable. The ATO has also confirmed that for fortnights commencing on 3 August and 17 August 2020, employers will have until 31 August 2020 to meet the wage condition for all new eligible employees who are now included in the JobKeeper scheme under the 1 July 2020 eligibility test Above update courtesy of the National Tax and Accountants Association - NTAA. See more

19.01.2022 Have a lovely week dear friends and remember: If you cant fly then run, if you cant run then walk, if you cant walk then crawl, but whatever you do you have to keep moving forward - Martin Luther King Jr.

19.01.2022 Join the lovely Business Insights with Mario, Darryn Capes-Davis and I online or on the Radio tomorrow at Alive 90.5 FM between 12-2pm to look at Financial Year End #Tax #Planning #Business #Strategies

19.01.2022 The Australian #Taxation Office (ATO) has set up a one-stop shop for #Business with essential information about #Tax and #Superannuation changes that have now become law following the passage of the governments economic support package through the Parliament

19.01.2022 Government announces JobKeeper 2.0 JobKeeper will continue until 28 March 2021 with a reduced dual level payment for businesses with ongoing turnover reductions. From 28 September 2020 to 3 January 2021 the JobKeeper rates will be:... $1,200 per fortnight (broadly for those working for 20 hours or more a week before 1 March 2020) $750 per fortnight (for all other eligible employees and business participants) From 4 January 2021 to 28 March 2021: $1,000 per fortnight (broadly for those working for 20 hours or more a week before 1 March 2020) $650 per fortnight (for all other eligible employees or business participants) The Government has indicated it will announce more detail in its Economic Statement on Thursday, however the appropriate Government fact sheets relating to todays announcement can be found here:

19.01.2022 Treasury has announced the commencement of a grants scheme, named along the lines of other recent initiatives, called #HomeBuilder. The grant scheme provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. For contracts that are signed between 4 June and 31 December, non-taxable funds of $25,000 will be available to help build a new home or substantially renovate an existing home. ...New homes valued up to $750,000 will qualify as will renovations worth between $150,000 and $750,000 that result in the property being worth under $1.5 million. Income caps apply, with single taxpayers capped at $125,000 based on a 2018-19 tax return or later, and couples capped at $200,000 based on the same tax return period. Owner-builders and those seeking to build a new home or renovate an existing home as an investment property are ineligible for HomeBuilder. In negotiating a building contract, the parties must deal with each other at arms length. This means the contract must be made by two parties freely and independently of each other, and without some special relationship, such as being a relative. The terms of the contract should be commercially reasonable and the contract price should not be inflated compared to the fair market price. Renovations or building work must be undertaken by a registered or licenced building service contractor (depending on the state or territory you live in) and named as a builder on the building licence or permit. The renovation works must be to improve the accessibility, safety and liveability of the dwelling. It cannot be for additions to the property such as swimming pools, tennis courts, outdoor spas and saunas, sheds or garages (unconnected to the property). HomeBuilder will be non-taxable - consistent with existing state and territory First Home Owner Grant programs. The scheme will be managed through relevant state revenue offices, with further details of operating HomeBuilder to be supplied soon by the various State Revenue Offices.

18.01.2022 $10,000 grants to provide fast relief for small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants under a new assistance scheme. To be eligible, businesses will need to: -Have between 1-19 employees and a turnover of more than $75,000;... -A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000; -Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020; -Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020(experienced at least 75% decline in turnover compared to the same two-week period in 2019, as a result of COVID-19); -Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice; Provide appropriate documentation upon application. Applications for a small business grant of up to $10,000 is available through Service NSW and will remain open until 1 June 2020 on the following link:

17.01.2022 How did you find enrolling to receive #JobKeeper payments for employees in your #Business? If you are eligible and havent enrolled yet or still have unanswered questions, then check out the Australian #Taxation Office detailed information page or let us know so we can help you

16.01.2022 Coronavirus #Cashflow and #JobKeeper Government Assistance packages available for #Business #Employers #Soletraders #Companies and #Trusts and #Individuals explained in an interview with the lovely Sutieng Cubis

16.01.2022 Wishing you a Happy and Prosperous New Financial Year dear friends. May all your incoming Credits bring you Happiness, Prosperity and Success and all your outgoing Debits take away your sadness, worries and hardships so that you will end up with a surplus Profit both in your Business and your Life

15.01.2022 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. Rental Investment property owners should remember three simple steps when preparing their return: 1. Include all the income you receive... 2. Get your expenses right 3. Keep records to prove it all #Accountant #TaxAgent #FAQ #Business #Accounting #Taxation #GST #Tax #Investment #Property information

15.01.2022 Come and experience the awesome Sydney Hills Business Chamber membership and have the opportunity to connect with other awesome #BusinessOwners, develop, speak and promote your #Business in a fun, friendly and professional environment #SHBC #SHBCevents #SHBCselfies

14.01.2022 Do you use your car for work purposes? For a smooth ride this tax time, ensure you have accurate records to support your claims! If you claim a work-related car expense using the cents per kilometre or logbook method, remember you can’t claim any further deductions in the same tax return for the same car. Find out more at: ... www.ato.gov.au///vehicle-and-travel-expenses/car-expenses/ See more

14.01.2022 Act like a #BusinessOwner, Think like a #Customer and remember #Customers want Acknowledgement, Engagement, Entertainment and Consistently Awesome Experiences - great #Business advice by the inspiring Justin Herald from Customer Culture at the Sydney Hills Business Chamber #Leadership #SHBCEvents celebrating #NSWSmallBiz20 thanks to Business NSW

13.01.2022 Discussing New #FinancialYear #Business #Tax #Planning #NegativeGearing #PositiveGearing #Strategies with #Property Strategist extraordinaire Pina Brandi at Business Insights with Mario at Alive 90.5 FM with the inspiring hosts Mario Bekes and Darryn Capes-Davis

12.01.2022 Business Basics - Where do you start and what should you know? When starting a new business, the right planning and advice will maximise your chances of success. This workshop will provide you with the key factors you need to consider when doing so. What you will get:... - How to critically evaluate your business idea (resource kit) - Business structures (sole traders, companies, trusts and partnerships) - Finding and securing your business name and other intellectual property - Options for funding your business - Finding a good accountant, getting an ABN, understanding GST & BAS obligations - Developing a simple business plan and setting a budget for revenue and expenses - Understanding of the value of a mentor or business advisor This workshop is suitable for anyone who is starting a business, or has been in business for less than two years Free for Members and Non-Members Register here | https://bit.ly/2ZJxwkh ------------------------------------------------------------------------------------------ Your Presenters: Jeremy Carter is the CEO of Rapport Leadership Australia. Jeremy started his career as a computer engineer and worked his way up to being the Oceania Managing Director of international technology company, National Instruments. In the subsequent two years, he increased revenue by 62% without increasing headcount. Since leaving the corporate world, he has worked for twelve years as a leading business and executive coach, winning numerous awards and recognition for both himself and his clients. https://www.rapportleadership.com.au/ Farid Zaki Founder of ATP Accounting & Taxation Professionals, a team of proactive Accountants and Tax Agents passionate about providing outstanding accounting, taxation and business advisory services, helping them grow their business, achieve greater profits, enjoy greater wealth, maintaining steady cash flow and protecting their hard-earned assets. https://www.atpaccounting.com.au/

11.01.2022 Be Brave, Be Open, Say Yes to Opportunities, Be Inclusive, Have a Serendipity Mindset and you will find something good without looking for it - inspiring words by Josephine Sukkar from Buildcorp Group and Linda Laidlaw from ResMed together with Sonja Palic and Sue Tsigaros at the Sydney Hills Business Chamber celebrating #WomenInBusiness virtual #Business #Networking #SHBCEvents

10.01.2022 The Australian Government has announced its economic response to the Coronavirus in the form of a $17.6 billion economic stimulus package. The package has been marketed as a measure to protect the economy by maintaining confidence, supporting investment and keeping people in their jobs. It is expected that an appropriate package of Bills (which will provide further detail in relation to the proposed measures) will be introduced into Parliament in the final sitting week in Mar...Continue reading

10.01.2022 If you use a motor vehicle to run your business, you may be able to claim a deduction on depreciation, fuel, registration, insurance and servicing If you’re claiming depreciation, you’ll need to check the limit on what you can claim and remember to keep good records to show how you calculated your claims.... Find out more: www.ato.gov.au/motorvehicleexpenses

10.01.2022 Are you or do you know a doctor, medical specialist or other medical professional? Then check out and share the following information to help you work out what: - income and allowances to report... - you can and cant claim as a work-related deduction - records you need to keep: See more

09.01.2022 Our deepest gratitude and respect to "Those who served and died in all wars, conflicts, and peacekeeping operations" and "The contribution and suffering of all those who have served and are currently serving" Lest we forget - Anzac Day

09.01.2022 Hope is more powerful than fear - great words by the inspiring Ivan Misner at BNI Australia Biggest #BNI #Business #Networking event raising funds for BNI Foundation Australia BNI Foundation with the inspiring BNI Directors Frederick Marcoux, Avinash Sequeira, Brent Edwards, Terence Toh , Ilona Teremi, Alison Attard, Bob Greenup, Robert Hartup and Rebecca Raad

08.01.2022 Join us tonight at The Hills Winter Sleep Out 2021 With some great speakers to talk about Homelessness including Chris Cleary from StreetMed Incorporated, Chris from Pass it on Clothing & Co, and Peter from Sydney Homeless Connect. Thank you for your help and support to break the cycle of homelessness and poverty in the Hills... Following is the link to join in the event or to sponsor our founder Farid L Zaki to sleep out and raise funds for those less fortunate than us: https://the-hills-winter-sleepout-2021.raisely.com/farid-za

08.01.2022 At the Sydney Hills Business Chamber MyBoard A-Team where the lovely Joanne Brooker from Pengwen Bookkeeping and BAS Agent explained to us the importance of keeping proper #Accounts in #Business and the value of having a #Professional #Bookkeeper #BASAgent and #Accountant #TaxAgent registered with the Tax Practitioners Board #Business #Advisors #Networking at #SHBCEvents

07.01.2022 Coronavirus stimulus packages summary via National #Tax and #Accountants Association - NTAA with detailed explanation of the proposed #Business #Employers #Cashflow Government Assistance packages announced by PM Scott Morrison (ScoMo)

07.01.2022 Have a lovely week dear friends and remember to: Dream Big Work Hard Stay Focused Surround yourself with ... Good People See more

06.01.2022 Come and join me and the inspiring Vanessa Cognetta and John Halliday from Maven Realty on a live webinar next Tuesday 25th of August 2020 at 6.30pm AEST to discuss: -Property Market movements -Investment opportunities moving forward -Offsetting your taxable income through investing in property... -Negative and Positive Gearing in #Property #Tax and #TaxPlanning #Strategies https://zoom.us/webinar/register/WN_gKMFMOxhS1Wne1_tGFYiDw

06.01.2022 Are your Australian Business Number (ABN) details up to date? There are lots of reasons why it’s important to make sure your ABN details are up to date. By making sure we have the right info: ... you’ll be ready for new government services or grants when they become available government agencies and emergency services can contact you during natural disasters the right people will have the right permissions to act on behalf of your business. Make sure you update your details within 28 days of becoming aware of any changes. To get started, visit www.abr.gov.au/business-su/updating-or-cancelling-your-abn/ #Accountant #TaxAgent #FAQ #Business #Accounting #Taxation #GST #Tax #Management information

05.01.2022 Once again, the Government has moved the goal posts when it comes to eligibility for the JobKeeper Scheme. Please find NTAA summary relating to the key changes announced today with respect to JobKeeper 3.0

05.01.2022 The number one #1 secret to #Success according to Chris Waller Racing, Australian racing trainer best known for training champion mare WINX - official is to: Work hard, Be persistent and Have a trusted team that you encourage and take along your success journey. Great words of advice by the inspiring Chris Waller at the Sydney Hills Business Chamber #SHBCEvents #Business #Networking thanks to Mercedes-Benz Castle Hill with dear friends and fellow members

05.01.2022 If youre working from home, you may be able to claim some of your home office expenses as #Tax #Deductions when you are doing your #TaxReturn. Youll need to make sure your deductions meet the three golden rules when working out your claim: You must have spent the money yourself (and have not been reimbursed)... Your costs must directly relate to earning your income You must have a record to prove your claim The Australian Taxation Office have handy tips and tools to help you record your receipts and calculate your deductions:

04.01.2022 The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of the new JobKeeper Payments to #Business #SoleTraders and #Employers summary via National #Tax and #Accountants Association - NTAA

04.01.2022 2020/21 Federal Budget Summary thanks to the National Tax and Accountants' Association - NTAA http://ntaa.com.au/downloa/Budget%20Handout%20202021%20.pdf

03.01.2022 To all the awesome fathers, fathers-to-be, father-like role models HAPPY FATHERS DAY

03.01.2022 Sydney Hills Business Chamber Chairman’s Chat with the inspiring Sonja Palic discussing the changes and challenges within the #Accounting & #Taxation industry during this period and how Farid L Zaki and the team from ATP Accounting & Taxation Professionals have adapted and supported the business community. Please feel free to reach out to me or any of my fellow Sydney Hills Business Chamber Board members and have a chat to see how we can help and support you in your business... and to discuss the benefits of being a SHBC member https://bit.ly/2RrRyuJ #SHBC #SHBCEvents #Business #Networking and collaboration with fellow #entrepreneurs #businessowners #LocalBusiness #LiveLocal #ShopLocal #LoveLocal #chamberofcommerce #hillsshire #hillsshirecouncil #sydney #australia

03.01.2022 Wishing you the many blessings of Christmas, love, joy and peace to you and your lovely families

03.01.2022 Happy International Womens Day to All the Lovely Women #WomenInBusiness #EachForEqual #IWD2020Happy International Womens Day to All the Lovely Women #WomenInBusiness #EachForEqual #IWD2020

02.01.2022 The first JobKeeper extension period begins today Monday 28 September 2020 To remain eligible for JobKeeper you’ll need to meet the decline in turnover test. Check out the Australian Taxation Office step-by-step guides at:... https://lnkd.in/gAUDwaz

02.01.2022 Thanks to the awesome Alive 90.5 FM team for allowing us the opportunity to be one of the Alive 90.5 FM Business supporters As one of the Alive 90.5FM Business community supporters, we are here to help you with all your questions relating to #Business #Accounting #Tax #GST #Financials or #BAS, so make sure to reach out and we will help you: (+) Add Value to your Business (-) Minimise your Business worries (x) Multiply your Business Profits... (/) Divide your Business Tax (legally) See more

01.01.2022 Do you work in construction? Whether youre an engineer, tradie, apprentice or construction worker, check out the Australian Taxation Office rivet-ing occupation guide to help you nail your tax return this year From tools of trade, travel, protective clothing, self-education expenses, find out what you may be able to claim at: