Banyan Consulting Pty Limited in Sydney, Australia | Financial service

Banyan Consulting Pty Limited

Locality: Sydney, Australia

Phone: +61 2 9283 9888

Address: Level 14 Suite 06, 97-99 Bathurst Street 2000 Sydney, NSW, Australia

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

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25.01.2022 Banyan's December 2019 Client Information Newsletter - PSI This month's newsletter features information and tips for peronal services income (PSI), including: - Business structure- -The tests -Personal services determination... To read the newsletter, click on link below: https://mailchi.mp/080/december-2019-psi-newsletter-3094185 See more

24.01.2022 May 2020 Client Information Weekly Newsletter - What attracts the ATO’sattention about luxury car tax - https://mailchi.mp//what-attracts-the-atos-attention-about

24.01.2022 Banyan's November 2019 Newsletter is here: This month's features updates and tips for: - CGT and the family home: expats and foreigners targeted again. - Vacant land deduction changes hit ‘Mum & Dad’ property developments.... - Calculating Super Guarantee: The new rule. - Can the ATO take money out of your account? Your right to know. To read the newsletter, click link below: https://mailchi.mp//november-2019-client-information-newsl See more

22.01.2022 For rental properties, if you take out a loan to purchase a rental property, you can claim the interest charged on that loan, or a portion of the interest, as a deduction. However, the property must be rented, or genuinely available for rent, in the income year for which you claim a deduction. This week's newsletter offers tips for claiming interest expenses for rental properties. To read more details, follow link below: https://mailchi.mp//claiming-interest-expenses-for-rental-

22.01.2022 November 2020 Client Information Weekly Newsletter In the meantime, the ATO has stated that it will not impose penalties if it is satisfied that SMSF trustee finds it difficult to obtain the required valuation evidence for fund assets due to the impacts of COVID-19. To read on, click link below: https://mailchi.mp//november-2020-client-information-weekl

21.01.2022 This week's newsletter features information and tips for distributions from a discretionary trust. To read the newsletter, click on link below: https://mailchi.mp/843212c3b4/feb-2020-weekly-distributions

21.01.2022 Banyan July 2020 Weekly Newsletter - JobKeeper 2.0 will be available soon The government has decided to extend the JobKeeper program for an additional six-month phase, from 28 September 2020 to 28 March 2021. This comprises 13 fortnights, but will be divided into two periods; the 1st extension period of seven fortnights, and the 2nd extension period of six fortnights. JobKeeper 2.0 is estimated to cost $16.6 billion. However, the eligibility criteria will be tightened, and it... will be more precisely targeted. The current JobKeeper program will continue unchanged until its completion on 27 September. To read more details, follow link below: https://mailchi.mp/9c/jobkeeper-20-beyond-the-facts-figures

21.01.2022 Hello to our family and friends On Sunday 3rd November 2019, I am doing a bike ride with my riding buddies from Wolli Creek to Wollongong. It's an 82km bike ride to raise money for Multiple Sclerosis research. Please help with our Steam Team's target to raise $5,000.... To DONATE, follow the link below: http://msgongride.donordrive.com/participant/39743 See more

20.01.2022 July 2020 Client Information Weekly Newsletter -The realities of insuring against cyber crime - https://mailchi.mp//july-2020-client-information-weekly-ne

20.01.2022 Banyan's November 2019 FBT Newsletter - This month's FBT Newsletter features tax planning tips for FBT for this coming Christmas, including: - entertainment - gifts to employees - cash bonuses.... To read the newsletter, click onlink below: https://mailchi.mp/f94/november-2019-fbt-newsletter-3079449 See more

20.01.2022 Message from Banyan Consulting - supporting you through COVID-19 - http://eepurl.com/gWP3R1

19.01.2022 Dear friends and clients, Banyan Consulting team would like to thank you for your support during 2019. We wish you a very merry Christmas and a new year filled with health, happiness, good fortune and aim to continuously provide you with improved service in 2020. Our office will be closed for the festive season from 5.30pm Monday 23 December 2019 and reopen on Monday 6 January 2020. Should you require urgent assistance during that period, please contact us on 0404 585 888. S...incerely yours, John Pulella and Banyan team. See more

19.01.2022 Banyan's December 2019 Newsletter - Our 2019 December Newsletter features updates and tips for: -Australia embraces Black Friday and Cyber Monday -5 things that will make or break your business's Christmas -Bushfire relief from ATO obligations... -Super guarantee opt-out for employees with multiple employers -The super guarantee timing trap for employers Merry Christmas! To read the newsletter, click on: https://mailchi.mp//december-2019-client-information-newsl See more

18.01.2022 May 2020 Client Information Weekly Newsletter - COVID-19 instant asset write off and accelerated depreciation - https://mailchi.mp//alternative-turnover-test-newsletter-4

18.01.2022 August 2020 Client Information Weekly Newsletter #ATO #allowances The ATO has released its annual determination setting out the Commissioner’s reasonable amounts for the purposes of the substantiation exception for the 2021 income year in relation to claims made by employees for: a) Overtime meal expenses - for food and drink when working overtime; b) Domestic travel expenses - for accommodation, food and drink, and incidentals when travelling away from home overnight for wo...rk; and c) Overseas travel expenses - for food and drink, and incidentals when travelling overseas for work. Follow this link to view details of the 2021 Taxation Determination: https://mailchi.mp//august-2020-client-information-weekly- See more

17.01.2022 There are many questions being asked lately about claiming expenses when forced to work from home over the COVID-19 period, plus a lot of concern about any consequent capital gains issues when later selling a property from which people have been coerced to work from during this time. This week's newsletter will update you on questions regarding: -Claiming COVID work-at-home deductions -Expenses not within the COVID-19 ambit -Expenses that can be claimed... -Calculating running expenses -Capital Gain Tax concerns -and an update on Alternative Turnover Test for JobKeeper To read newsletter, click link below: - https://mailchi.mp//may-2020-client-information-weekly-new #covid19 #workfromhome #CGT #claims See more

17.01.2022 November's SMSF Newsletter features updates and tips for SMSF investment strategy: -Diversification -Risk and likely return from investments -Liquidity of fund assets -The fund's ability to pay benefits when members retire... -Costs that the fund incurs. To read the newsletter, click on link below: https://mailchi.mp//november-2019-client-information-newsl See more

17.01.2022 May 2020 Client Information Weekly Newsletter - Your business and the JobKeeper scheme The ATO has been charged with running the JobKeeper scheme, which is intended to support businesses that are financially affected by COVID-19 to help keep their staff employed.... This newsletter offers an overview and summarises eligibility measures as well as steps to enrol for JobKeeper. To read the newsletter, click on link below: https://mailchi.mp//march-2020-client-information-weekly-n

16.01.2022 Banyan August's tax knowledge update is here. In this newsletter, we would like to share with you: . Update on JobKeeper 2.0 . . Home office expenses and deductions claims - your questions answered. . Key issues on COVID-19 and your SMSF. To read more details, follow link below:... https://mailchi.mp//august-2020-client-information-monthly See more

16.01.2022 Banyan July 2020 Client Information Monthly Newsletter - Starting 2020 tax year with July's newsletter, we would like to update you on the topics of: . Funding for the arts: what's available and how can you get it . The ATO on COVID-19 fraud warpath - 3 million individuals in data matching program . JobKeeper and termination payments - Minimum wage increases by 1.75% ... . The new flexible parental leave pay rules To read newsletter, click link below: https://mailchi.mp//july-2020-client-information-monthly-n See more

16.01.2022 June 2020 Client Information Monthly Newsletter - As we move to the last month of 2020 tax year, and also the compliant phase of ATO's JobKeeper payments, this month's newsletter covers topics of: . Granting casual workers annual leave . JobKeeper's impact on employee entitlement - what the ATO's JobKeeper audit targets . What happens if you got it wrong and how to manage your JobKeeper compliance. ... . 1 July Company Tax Rate Reduction To read more details, click link below: https://mailchi.mp//june-2020-client-information-monthly-n

15.01.2022 September 2020 Client Information Weekly Newsletter - COVID-19 payments companies trusts : #jobkeeperpayment #companies #trusts With many people having received cash flow boosts and JobKeeper payments, some unique issues can arise where these amounts are received within a trust or company. This week's newsletter offers facts and tips for: - Trust distributions... - Cashflow boost - JobKepper - Franking credits and - Company beneficiaries To read more details, click link below: https://mailchi.mp//september-2020-client-information-week See more

15.01.2022 Banyan team's prayers go out to the victims of yesterday's Beirut explosion. We extend our deepest condolences to their families and wish the soonest recovery to those injured and affected. #beirutexplosion

14.01.2022 Banyan Consulting's 2020 Business Vision Event Invitation - https://mailchi.mp//banyans-2020-business-vision-event-310

14.01.2022 May 2020 Client Information Weekly Newsletter - Alternative turnover test - Alternative decline in turnover tests for the JobKeeper payment scheme has been registered by the ATO. The ATO says the alternative tests will only kick in if an entity cannot satisfy the basic decline in turnover test. The explanatory statement says these alternative tests will only apply to certain circumstances, of which there are seven dealt with in the instrument.This newsletter summaries these c...ircumstances for you. To read newsletter, click link below: https://mailchi.mp/9be/alternative-turnover-test-newsletter

14.01.2022 Message from Banyan Consulting - BANYAN CONSULTING TO CONTINUE OUR SERVICES THROUGH COVID-19 Dear all, We sincerely hope you and your family are keeping well during this time of uncertainty.... As the COVID-19 situation continues to change, we wanted to reassure you that Banyan Consulting are taking precautions to care for our team and support our clients during this time. At this stage, ..... https://mailchi.mp/a42e6cb0/supporting-you-through-covid-19

13.01.2022 November 2020 Client Information Weekly Newsletter While the ATO has lately been focusing on the rollout of stimulus measures, it has also flagged that audit work is not off the table completely. This week's newsletter updates you on the ATO's plan to start tax and SMSF audits this year. To read more details, click link below: https://mailchi.mp//november-2020-client-information-weekl

13.01.2022 This week's Banyan newsletter features information and tips for succession planning for family businesses. To read, click link below: https://mailchi.mp/9a75/feb-2020-weekly-succession-planning

13.01.2022 Banyan's March 2020 Client Information Newsletter - https://mailchi.mp/9dd421f685/march-2020-newsletter-3147913

13.01.2022 #tax #JobKeeper2.0 Banyan September's tax knowledge update is here. In this newsletter, we would like to share with you: . The value of your business during COVID-19. What degree of impact does this pandemic have on your business' value? . JobKeeper Alert . Question of the month - tax on COVID-19 grants... . Forecasting during a pandemic Follow link below to read on: To read more details, clickhttps://mailchi.mp/7dbcf352bb32/september-2020-client-information-monthly-newsletter-4322918 See more

12.01.2022 Banyan November's tax knowledge update is here. In this newsletter, we would like to share with you updates on: . JobMaker hiring credits. . Tax deductions for investing in your business . Refund for tax losses . Tax Table reminder... . JobKeeper clawback begins . APRA reveals $34.4bn early release To read more details, click link below: https://mailchi.mp//november-2020-client-information-month #jobmaker #jobkeeper #taxdeductions See more

12.01.2022 Government Coronavirus Stimulus Package - Ask us how to take advantage - http://eepurl.com/gW-w_9

12.01.2022 #jobkeeperpayment Banyan October's tax knowledge update is here. In this newsletter, we would like to share with you: . The next steps of JobKeeper: those seeking to qualify for the second tranche of JobKeeper and for those no longer eligible. . Identifying JobKeeper payment rates . Preventing a tsunami of insolvencies... To read more details, click link below: https://mailchi.mp//october-2020-client-information-monthl

11.01.2022 Banyan December's tax knowledge update is here. In this Banyan's last newsletter of 2020, we would like to share with you updates on: . 2021 risks and opportunities . Extended December JobKeeper deadlines . Last chance to access COVID-19 early access to superannuation To read more details, follow link below:... https://mailchi.mp//december-2020-client-information-month See more

11.01.2022 Government Coronavirus Stimulus Package - Ask us how to take advantage - https://mailchi.mp//government-coronavirus-stimulus-package

11.01.2022 Super Guarantee Amnesty - employers must know newsletter - An action point for business employers, Banyan's latest update on Super Guarantee Amnesty features information and tips for: -What you need to know about the Laws Amendment 2019 -Superannuation guarantee amnesty benefits -Do you qualify?... To read the newsletter, click on https://mailchi.mp/dd6958187a/march-2020-newsletter-3148721 See more

11.01.2022 Part Time Accountant position available: 1 week paid trial @ $35.00 per hour. Follow link to apply: https://www.indeedjobs.com/banyan-consulting-b6868//en_AU

10.01.2022 This week's newsletter features information and tips for superannuation tax offsets. To read the newsletter, click on the link below: https://mailchi.mp//march-2020-client-information-weekly-n

10.01.2022 The 2020-21 Federal Budget Guide updates us on topics of: . Personal Income tax and supports . Your superannuation . Business and Employers support . Infrastructure upgrade... To read more details, click link below: https://mailchi.mp/df9affce66bb/2020-21-federal-budget-guide

10.01.2022 November 2020 Client Information Weekly Newsletter Scammers never seem to rest, with even the lastest JobKeeper iteration coming in for some scam treatment. This week's newsletter offers tips encouraged by the ATO's to protect your valuable information online. To read more details, click link below: https://mailchi.mp/676161444239/atos-cyber-safety-checklist

09.01.2022 March 2020 Client Information Special Newsletter - Super Guarantee Amnesty - https://mailchi.mp/1113404a181a/sg-special-newsletter

09.01.2022 Banyan's 2019 October Newsletter features updates and tips for: - CGT when spouses have different main residences - The SMSF sector is growing by $23,200 every minutes - An FBT reporting exclusion for personal security concerns... - SMSF event-based: reporting: What needs to be reported, what doesn't To read the newsletter, click link below: https://mailchi.mp//october-2019-client-information-newsle See more

09.01.2022 July 2020 Client Information Weekly Newsletter - Instant asset write off extended to 31 December - https://mailchi.mp//july-2020-client-information-weekly-ne

08.01.2022 May 2020 Client Information Weekly Newsletter -COVID-19 Early release from super a relief,but comes with risks - The government is allowing the early release of superannuation and a temporary reduction in minimum pension drawdown rates to help individuals deal with the adverse economic effects of COVID-19. However, perhaps some caution should be exercised for those considering accessing their super early. To be eligible, you must satisfy any one or more of the following: - Y...ou are unemployed. - You are eligible to receive a JobSeeker payment, youth allowance for jobseekers, parenting payment (which includes the single and partnered payments), special benefit or farm household allowance. - On or after 1 January 2020, either: .you were made redundant .your working hours were reduced by 20% or more .if you are a sole trader, your business was suspended or there was a reduction in your turnover of 20% or more. To read more details, click https://mailchi.mp/9ac0f7/covid-19-early-release-from-super See more

08.01.2022 Protect yourself and get through #COVID19. Reduce the risk of catching #COVID19: -Washing your hands -Avoid shaking hands with people who may be sick -Stay at a distance of 1.5 m away from someone who is sick... -Coughing or sneezing into your elbow. https://www.abc.net.au//coronavirus-covid-19-feve/12041968 See more

08.01.2022 #PAYGI #Covid-19 July 2020 Client Information Weekly Newsletter - Varying PAYG instalments because of COVID-19 To assist taxpayers experiencing financial difficulty as a result of COVID-19, the ATO is providing added flexibility to manage your PAYG instalments to suit your circumstances. This week's newsletter offers tips to manage your tax liability on income from your business or investments for: . Amount payers... . Rate payers, and . How to claim a credit on PAYG instalments already paid To read more details, click link below: https://mailchi.mp//july-2020-client-information-weekly-ne

08.01.2022 Snapshot: The JobKeeper Payment : #covid19 #subsidy #JobKeeper The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID 19 to help keep their staff employed. To receive the JobKeeper payment, there are a series of eligibility criteria and reporting and notification obligations that need to be met. It’s important to talk ...to your accountant and adviser to make sure you get it right. Here’s a summary of 7 steps you need to do to claim JobKeeper payments for April. (If these conditions are not met, you might still qualify for JobKeeper payments late in the year.) -Check if your business is eligible for JobKeeper -Does your business meet the basic decline in turnover test? -Check if your employees are eligible -Provide JobKeeper nomination form to your employees by 30 April 2020 -Register with the ATO for a myGovID linked to your ABN -Pay your employees by 30 April 2020 -Claim the JobKeeper amount To read snapshot with full details on deadlines, follow link below: https://us9.admin.mailchimp.com/campaigns/show?id=4129589

06.01.2022 July 2020 Client Information Weekly Newsletter - Remote AGMs and document signing allowed Companies should note that the government made a determination that permits companies to hold annual general meetings by electronic format. This week's newsletter offers updates to remote AGMs and document signing. ... To read more details, clicklink below: https://mailchi.mp//july-2020-client-information-weekly-ne

06.01.2022 This week's Banyan newsletter features information and tips for First Home Super Saver scheme. To read the newsletter, click on link below: https://mailchi.mp//march-2020-client-weekly-newsletter-fi

05.01.2022 September 2020 Client Information Weekly Newsletter -instant asset write off - https://mailchi.mp/1df52bf9a8d8/instant-asset-write-off

05.01.2022 Despite the current COVID-19 world in which we live, the procedures for completing and lodging tax re-turns remains pretty much the same. This week's newsletter offers tips for your tax return, including: . Incomes that must be declared . Deductions . Off the deduction menu... To read more details, follow link below: https://mailchi.mp//july-2020-client-information-weekly-ne See more

05.01.2022 At the Merit Wealth SMSF day with Stirling Mortlock, a famous Australian Rugby Union player. #SMSF #rugbyunion

04.01.2022 #taxplanning It’s been an extraordinary end to the 2020 financial year with many businesses being forced into hibernation due to COVID-19. The number one priority for most business owners right now is cash flow so tax planning has never been more important. As accountants, we believe our client brief includes helping you minimise your tax liability within the framework of the Australian taxation system. To assist you, we have put together a list of strategies to consider and... note: -To maximise benefits for the current financial year, we suggest you prepare a preliminary calculation of your taxable income for the year ending June 30, 2020 to identify the size of your likely tax debt and establish if you have a tax 'problem'. -Review all tax-deductible expenses and assessable income in the latest available figures to determine the possibility of pre-paying some expenses before June 30 or deferring some revenue until after July 1. With June 30 fast approaching you need to act quickly, and we encourage you to schedule a meeting as soon as possible to assess your options and the steps you need to take well before the 30th June 2020. We want to help you achieve the best result for your business and yourself. Accordingly, we recommend that you have a tax planning review with us based on your personal circumstances before 30 June. The potential tax savings generally far outweigh the costs. June 2020 Tax Planning - https://mailchi.mp/d49ce315f30a/june-2020-tax-planning

04.01.2022 Banyan's October 2019 Special Newsletter - Super Guarantee Amnesty Resurrected Our 2019 October Special Newsletter features important updates for Super Guarantee Amnesty' resurrection: "The Government has resurrected the Superannuation Guarantee (SG) amnesty giving employers that have fallen behind with their SG obligations the ability to self-correct. This time however, the incentive of the amnesty is strengthened by harsh penalties for those that fail to take action." Th...e newsletter includes all updates on: -When does the amnesty applies? -Qualifying for the amnesty -What do employers pay under amnesty? -What happens if you do not take advantage of the amnesty? -Where to start? To read the newsletter, click on link below: https://mailchi.mp//october-2019-super-amnesty-newsletter-

03.01.2022 Dear friends and clients, Banyan Consulting team would like to thank you for your support during 2020. We wish you a safe, very merry Christmas and a new year filled with health, happiness and positive energy. Your support encourages us to further improve our services in 2021. Our office will be closed for the festive season from 5.30pm Wednesday 23rd December 2020 and reopen on Monday 04th January 2021. Should you require urgent assistance during that period, please contact ...us on 0404 585 888. Sincerely yours, John Pulella and Banyan team. See more

03.01.2022 September 2020 Client Information Weekly Newsletter - JobKeeper amendments - https://mailchi.mp//september-2020-client-information-week

03.01.2022 Banyan announcement: Security email filter installed on Banyan platform We have recently installed a new cyber security software on Banyan Consulting platform. The software manages and quarantines emails sent to our @banyanconsulting.com.au email domain. All spam emails will be filtered and blocked from our email inboxes. Although we have set the software to recognise approved contacts (e.g. clients, associates, etc.), the software might treat certain emails as spam in some ...cases. Should you find your recent email(s) to us not being replied within 2-3 working days, please contact our office at 02 9283 9888. We thank you for your understanding and patience in this matter. Warm regards BANYAN CONSULTING

02.01.2022 March 2020 Client Information Weekly Newsletter - First Home Super Saver - http://eepurl.com/gU9S_H

01.01.2022 Banyan's December 2019 Client Information Newsletter This month's newsletter features information and tips for Capital Gains Tax concessions, including: -Four additional concessions -The threshold tests -Answer the right questions to avoid confusion.... To read the newsletter, click on link below: https://mailchi.mp/b31/december-2019-cgt-newsletter-3099193

01.01.2022 Banyan's February 2020 Client Information Newsletter - This month's newsletter features information and tips for: -CGT & the family home: expats and foreigners excluded from tax exemption -Bushfire support and assistance -Alerts to protect SMSFs from fraud... To read the newsletter, click on the link : https://mailchi.mp/ecbaf4a/february-2020-newsletter-3132437 See more

01.01.2022 The Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is temporary. This week's newsletter explains full expensing write-off deduction and what its means for business. To read on, follow link below: https://mailchi.mp//november-2020-client-information-weekl