Mina Baselyous | Financial service

Mina Baselyous

Phone: +61 431 413 530

Add/Update information

Reviews

Tags

• Businesses
• Tax preparation service
• Financial service
• Business consultant
• Finance

25.01.2022 GIVE AWAY TIME! We have reached 500+ likes and followers and provided empowering information from a Business and Tax perspective. To celebrate,we are running a give away.... The prize is 2 Westfield gift cards with a total value of $300. The first card is worth $200 and the other $100. The cards can be used anywhere via eftpos. To enter the give away you MUST do ALL of the following: Like this post; Share this post; Like our Page; Comment on the post that you have completed the steps. Good Luck! The give away will run till 10 July 2020, 12AM Midnight. The 2 lucky winners will be selected at random. We will contact you and send the cards via Australia Post.

24.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

23.01.2022 BREAKING NEWS! The commissioner of taxation has extended the deadline to enrol for the JobKeeper Scheme from 30 April to the new Date of 31 May 2020. See web-page below.... NOTE: Eligible businesses will still be required to pay the $1,500 per fortnight commencing 30 March 2020 to 12 April 2020 to be eligible for the payment from that period.

21.01.2022 We are here to help.

20.01.2022 ONLY 2 DAYS LEFT TO ENTER THIS GIVEAWAY. GIFT CARDS PURCHASED AND MUST GO! We have reached 500+ likes and followers and provided empowering information from a Business and Tax perspective.... To celebrate,we are running a give away. The prize is 2 Westfield gift cards with a total value of $300. The first card is worth $200 and the other $100. The cards can be used anywhere via eftpos. To enter the give away you MUST do ALL of the following: Like this post; Share this post; Like our Page; Comment on the post that you have completed the steps. Good Luck! The give away will run till 10 July 2020, 12AM Midnight. The 2 lucky winners will be selected at random. We will contact you and send the cards via Australia Post.

19.01.2022 $150,000 Instant Asset Write-off extended to 31 December 2020.

19.01.2022 The Australian Taxation Office (ATO) has announced it will be using Single Touch Payroll, income tax returns and information reported by super funds to catch inappropriate behaviour. Penalties for fraud, it said, will include fines, prosecution and imprisonment for the most serious cases. We know the overwhelming majority of Australians are honest, and we’ve worked hard to help those people who are impacted by COVID-19 as quickly as possible, ATO Deputy Commissioner Will Da...y said. We also have an important role to ensure the integrity of the stimulus measures, and when we uncover fraud or people seeking to exploit them, we’ll take action, as we know the community would expect us to do. Mr Day emphasised that illegal behaviour will not be tolerated, noting that the ATO has already encountered some schemes designed to deliberately exploit the measures and seek to avoid tax. We’ve received intelligence about a number of dodgy schemes, including the withdrawal of money from superannuation and re-contributing it to get a tax deduction, Mr Day said. Not only is this not in the spirit of the measure (which is designed to assist those experiencing hardship), severe penalties can be applied to tax avoidance schemes or those found to be breaking the law. If someone recommends something like this that seems too good to be true, well, it probably is. He stressed the importance of carefully checking eligibility requirements before applying for any of the measures. Eligibility requirements for each of the measures are outlined on the ATO’s website. If you’re not sure, the best thing to do is check with the ATO or your tax professional. Mr Day also reminded individuals and businesses to come forward if they suspect they may have done something wrong. It is much better to come forward to make a voluntary disclosure than waiting to be audited. If in doubt on how to proceed, we recommend seeking the advice of a tax professional, Mr Day said.

19.01.2022 Know where you stand. We are posting exclusive videos and content in our community. Comment 'I'm in' below if you would like to join or send a PM. See you on the other side.

18.01.2022 ***Tax Strategies*** Have a look at your bad debts. If you tick one or more of the factors mentioned in this video you can write off bad debt as a tax deductible expense. As always, seek professional advice.

17.01.2022 TODAY'S ADVENTURE Client advises they are looking to dispose of their house and land. The size of the land is 157 acres. Estimated Sales value is $6,000,000.00 (pocket change really). A business was conducted by their spouse on part of the land.... In our advice to the client we considered the following: +GST (Goods & Services Tax) +CGT (Capital Gains Tax) +Income Tax Further to the above, the client had two options. Either sell the property or have it compulsorily acquired by council. We explained how Capital gains, GST and Income tax would apply along with providing guidance as to how the gain would be calculated so that they can make an informed decision. Another happy client. If you have a similar situation, or would like assistance with another tax matter, give us a call and get the right advice. Call 0431-413-530.

16.01.2022 As a business advisor and registered tax agent I am excited that the Victorian Government is assisting business owners to further embrace the digital age by providing a grant. The Small business Digital Adaptation Program (link in the comments) is for eligible businesses generally satisfying the requirements below: - operate a business located in Victoria - hold an Australia Business Number (ABN)... - have held that ABN on 13 September 2019 - be registered for Goods and Service Tax (GST) on 13 September 2020 (Unless you are a no-for-profit organisation) Businesses can access digital products such as those listed below and apply for a rebate to cover the cost up to $1,200: - Shopify (digital store) - Xero (Business Accounting) - Squarespace (Website platform) Registrations close 28 February 2021. Should you need assistance with implementing cloud based business accounting program such as Xero, please do not hesitate to reach out to me. I can also assist you with determining if you meet the eligibility criteria. Wishing you all the best.

15.01.2022 When you are passionate about what you do..the client feels it and communicates this back to you. Nothing drivers me more that an appreciative client. If you want a supportive business and tax advisor call me on 0431-413-530.... 30 June is around the corner.

14.01.2022 I can't stress this enough!

12.01.2022 The instant Asset Write Off (IAWO) has been increased from $150,000 to full expensing of the asset purchased up to June 2022. Some assets are not eligible for the IAWO. Check with your tax professional or PM for assistance.

12.01.2022 Keep this in mind.

12.01.2022 1.understand the underlying issues 2.Go about solving those issues

11.01.2022 The winners of our give away are: Sally L Baker ($200) Rebecca Thorn ($100)... Congratulations to you both! Gift cards will be sent out over the weekend.

11.01.2022 A different perspective on challenges. A good quote to contemplate on during COVID-19 restrictions...how can I change myself..what must I do to pivot?

11.01.2022 Expenses to claim when running business from home. There are important CGT considerations. Speak with you business and tax advisor.

10.01.2022 NOTE - Mobile food business are not eligible for the Outdoor Eating Area grant ($5,000). Refer to image and feel free to get in touch if you need guidance.

10.01.2022 30 June 2020 - Here we come.

08.01.2022 Does your Restaurant/Bar have an outdoor eating area? If yes, then you may be eligible for the Victorian Outdoor Eating and Entertainment Package Business Grants in light of COVID business closures. See link below for more information:... https://www.business.vic.gov.au//outdoor-eating-and-entert

06.01.2022 See yourself out of the adversity before you. Create a vision and determine how you will go about achieving it. Take one step at at time and in due course you will achieve your goals.... The first step is always the hardest.

05.01.2022 SCAM ALERT - This is what you need to do to address these situations. Number in the comments. Share with your network to avoid panic and possible identity theft from these unscrupulous individuals.

04.01.2022 Some help in time of extreme hardship.