Cantor Carnevale & Co in Chatswood, New South Wales, Australia | Consultation agency

Cantor Carnevale & Co

Locality: Chatswood, New South Wales, Australia

Phone: +61 2 9411 1134

Address: 6-8 Thomas St 2067 Chatswood, NSW, Australia

Website: http://cantoraccounting.com.au/

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• Tax preparation service
• Consultation agency
• Accountant
• Financial service

25.01.2022 Tip #8. Swap savings for mortgage repayments Instead of paying into a savings account, homeowners should think about paying down their home loan instead. The over-payment will potentially still be available as a re-draw if necessary, and there is of course no tax incurred.

25.01.2022 Hey all, Hope you all listened to the Budget with great interest. If anyone would like clarification of any of the proposed changes or "debate" the changes- do not hesitate to contact me. I DO NOT like the changes to HELP debt repayment in particular. I believe it is the governments role to educate its people anyway- should not make people pay for it.

24.01.2022 Hi All, This post has absolutely nothing to do with Tax and Accounting but it does have something to with cancer which I am sure sooner or later, unfortunately, you will come to know someone who IS touched by it. My almost 90 year old mother in law contracted a rare cancer (only happens to very mature people) a few months ago. Did not think it possible any 90 year old could fight off any cancer. Well, she does look like fighting it off after only a few months of undertaking a... new drug called Keytruda (immunotherapy based- not chemo). You can "google" it. The delivery of the drug is easy - half an hour in hospital for an infusion every three weeks. Side effects seem to be minimal. This drug is NOT on the PBS for all cancers but it is for Melanoma based cancer. It has only recently been approved on the PBS. We are having to pay a fee for the use of Keytruda. Anyway, looks like my mother -in-law will be able to make the 90th birthday bash we organised for her on the 5th of this coming November. See more

22.01.2022 The opinions expressed in this article are extremely valid and should be heeded by all. In my many years of being in this game I have seen so many people ripped off by employers that it is not at all amusing. Unfortunately, even when employees are fully aware that they are NOT being paid their Super Guarantee Entitlements they do not complain to their... employer for fear of losing their job. All these employees can do is report the employer to the ATO when they finally leave their job. By the time this happens and the ATO actually gets around to talking to the employer, the employer has closed up shop and you can forget about the employee getting their super. My advice to employees who are not being paid super is to move to another employer as soon as possible or risk losing your super. The introduction of the single touch payroll system on the 1st July 2019 should reduce the incidence of this problem significantly. http://www.news.com.au//n/b66e7135eea2a0e2ba0a84aec83a47fe See more

21.01.2022 Top Tax Tips: 13 Ways to Save Tip #6. Invest in the future Financial investments can be extremely efficient ways of reducing your tax bill. They can be tricky to plan though, and certainly dont work for everyone. The wisest thing to do is to discuss your options with a financial planner. http://cantoraccounting.com.au/

18.01.2022 Tip #11. Depreciate your assets early Conduct a cost segregation study to accelerate the depreciation of your property, allowing you to claim the allowance today, rather than waiting a decade or more.

18.01.2022 As a small-medium business owner, you have enough on your plate. Spend time doing what you love and focus on growing your business. See how we can help: http://bit.ly/2e6sgkK

18.01.2022 My experience in life clearly shows me that women generally indeed place the interest of others before their own. This often leads to their own financial detriment in the long term. This article has great ideas on how to minimise this. https://nabam.nab.com.au//how-women-can-narrow-the-retirem

17.01.2022 Tip #12. Own your own business The majority of millionaires are effectively self-made, and the most common method of achieving great wealth has been owning ones own business. There are numerous tax codes rewarding businesses, and from which self-employed individuals do not benefit.

16.01.2022 So touching to have such a lovely review from such a lovely client. Thank you very much Arthur! "As a small business, Cantor Carnevale & Co have been perfect for all of our accounting and superannuation needs, business advice and support.... Laura and her team place customer satisfaction at the top of their agenda and backed up with all of the knowledge you could ever need to know for starting or running a business means any enquiry or concern is swiftly dealt with and the support offered is second to none. As a potential new business owner or existing company/sole trader I recommend Cantor Carnevale & Co as the perfect support for your new venture or as an alternative with an extremely approachable and professional manner" . Arthur Petalotis Director of Budget Petrol NSW Pty Ltd

15.01.2022 I know these tips must sound like a broken record but I must keep reminding you of these issues or I would shirking my responsibilities. Over the next few days I will send a few tips to get your basics in order Paperwork. Paperwork. Paperwork. Paperwork is so important, it really could be every item on this list. Keep receipts for all work-related expenses even if youre not sure whether theyre deductible. You can find out at the year-end, and its better to have a... receipt you dont need than to not have one that you do. Find the right record-keeping system for your business. There are numerous apps and software tools out there. The Etax app, for example, allows you to photograph your receipts and save them direct to your personal account. Do some research, ask for recommendations from friends, family, and colleagues. Set aside 10 minutes each week to maintain your records. Good record-keeping eliminates the year-end panic, and saves you money in the long run. Your figures will tally, your tax deductions will stack up, and any and all rebates will arrive straight into your account. See more

15.01.2022 Have a look at the article below. Buying a Depreciation Schedule from professional people such as BMT will cost you a little bit of money, but believe me, the tax benefits will be far more than your initial outlay. http://www.news.com.au//n/1182eb6cd3412082f340de6366a08abd

15.01.2022 Most employees(especially young people who are new to the workforce) assume that their employer is doing the right thing and trust them to actually be making the 9.5% Super Guarantee Contribution into their nominated superfund. I know many employees never check their Superfund Accounts to see if their super contributions have actually arrived there. Employees should not be so... trustworthy as their still are many unscrupulous employers out there. http://www.news.com.au//n/17515b51490b1669be7aad3443e99311 See more

14.01.2022 Top Tax tip #13. Speak to a professional Acquiring the services of an accountant or tax agent is secondly only to record-keeping as an effective means of saving money on your tax burden. Accountants know tax law; they know your entitlements; and they can help you maintain the financial health and cash flow of your business. They can maximise your income, minimise your tax, and their fees are deductible expenses.

14.01.2022 Tip #10. Plan your retirement Contribute as much as you can to your retirement account. Qualified retirement plans mean real tax benefits, with employer-sponsored 401(k)s and IRA plans bringing substantial reductions to your taxable income.

13.01.2022 Top Tax Tips: Tip #9. Consider the Capital Gains Tax (CGT) on your assets If youre planning to sell an asset subject to Capital Gains Tax (CGT), consider when you came into possession of the asset and when you need to sell it. If you have owned the asset for more than a year, you may be entitled to a 50% Capital Gains discount.

13.01.2022 Regular reviews of your tax and financial affairs provide you with a valuable opportunity to reflect on the previous year and plan for the future. Our tax accountants are committed to continuous professional education to ensure that we maintain state of the art knowledge in the complex area of taxation. Get in contact online: http://bit.ly/2e6sgkK

12.01.2022 Be savvy with your business financials. Contact us for a obligation-free consultation.

12.01.2022 Good financial advice can be accessible and affordable to everyone. Find the proof at Cantor Carnevale & Co.

12.01.2022 If something doesnt sound right, you can always check your myGov account, ask your tax agent, or call us directly on 1800 008 540 to see if the contact is legitimate. Be especially wary if youre asked to make a payment, make sure you only use one of the methods listed on our website. - http://www.sbs.com.au//lawyer-outsmarts-alleged-ato-phone-

12.01.2022 Tip #11. Depreciate your assets early Conduct a 'cost segregation study' to accelerate the depreciation of your property, allowing you to claim the allowance today, rather than waiting a decade or more.

11.01.2022 Some people are very negative about Australia and call it a nanny state. Sometimes, the nanny state pays off. Do not know how you all feel but these numbers make me feel proud and privileged to be an Australian. https://www.investordaily.com.au//42532-australian-super-c

11.01.2022 Help your business flourish with sound advice on business structure. Learn more: http://bit.ly/2ca2Puq

11.01.2022 Hi All, If anyone needs any clarification of the new superannuation rules, contribution cap limits, pension limits - give me a call- well before the 30th June - so if you need or want to make more contributions you can make them before the 30th June 2017.

09.01.2022 Tip #7. Consider your circumstances Stay on top of your finances, including any savings in short-term accounts, and move your money around to make sure it is doing its best work for you. For example, married couples might consider keeping savings in the name of the lower earning partner, as their lower tax burden will reduce the tax paid on the earned interest.

09.01.2022 To all the Self Managed Super Fund owners, Good idea to keep your SMSF tax lodgements up to date and accurate as the ATO can get quite narky if it catches you out. https://www.nestegg.com.au//11122-results-are-in-nearly-1-

07.01.2022 After working in tax for seventeen years and seeing the expectations of thousands upon thousands of people, I would have to agree with the ATO Officer. Scrapping work related deductions would probably bring about rioting on the streets as it is such an ingrained right in Australian society. To me, taxing what is earned net of costs is what democracy is all about anyway. I doubt that the ATO will ever scrap these deductions - too much of a political time bomb. There has been talk of removing negative gearing for at least 30 years. Has it been removed yet? http://www.news.com.au//n/e1f69c1c101d6ee029ff1add4f91ba49

07.01.2022 Some of the billions in unclaimed super could be yours. Go to ATO unclaimed super page and check it out http://thenewdaily.com.au//you-could-be-owed-some-of-the-/

05.01.2022 Top Tax Tips: 13 Ways to Save. Tip #2 Know what to deduct As a rule, any spending that allows you to earn your income is tax deductible. This includes everything from computer equipment to transportation. When an item is used both for your work and in your private life, such as a car, you are entitled to claim a percentage of the expenditure. Be sure to do background research to get your claims and figures right.

04.01.2022 Your business will have many life cycles and there are myriad of occasions when sound taxation and business advice will make a significant impact on your plans. Get in contact: http://bit.ly/2e6sgkK

04.01.2022 Hi All, Would like to reccommend you to visit this link to read an article on retirement. You should all be thinking about retirement no matter how old you are. http://www.news.com.au///e7b0645de93fef5edc149b5cd4b9f51c

03.01.2022 Tip #5: Think about your health insurance and life cover US tax payers can also benefit from declaring their health insurance as a deductible expense. This is missed by a lot of self-employed people, and its a not insignificant sum. The Australian Medicare Levy Surcharge is upwards of 1% of your income, and is charged on top of the mandatory 2% Medicare levy. However, the surcharge is only paid by without private hospital insurance. You should easily find private insuran...ce that suits your circumstances and costs less than 1% of your income. High earners might also consider whole life insurance. This is a large investment up front, but it quickly builds tax-free income that is greater than the sums you pay in. For example, a 10-year premium of $100,000 will have given you $110,000 after the first decade.

03.01.2022 Tip #4: Giving to receive Give to charity. When you make donations to registered charities, the total(s) are deducted from your total taxable income at the year-end. Where appropriate, you might also donate stock to charitable organisations. Doing so can allow you to avoid paying capital gains tax on the stock gains. Remember to keep receipts for all donations!

03.01.2022 Top Tax Tips: 13 Ways to Save. Tip #3: When to deduct it Once you know what your potentially tax-deductible expenses are, look to the months ahead to decide the best time to declare. If you are expecting to slide into a new tax bracket this year, declare now for that deduction to push you back down into the lower band.

01.01.2022 Want to learn more about Cantor Carnevale & Cos Partner & Principal, Laura? Laura has worked in various areas of businesses (including large multinationals) and in many roles ranging from technical, marketing and accounting for over forty years. Over the past fifteen years she has worked in several Public Tax and Accounting Practices before finally establishing her own Public Practice some eight years ago. Laura has a long list of qualifications acquired over the years including Master of Chemistry, Master of Business, Master of Accounting, Graduate Diploma of Financial Planning. Laura is also a Chartered Accountant, a Fellow of the Taxation Institute of Australia, a Justice of the Peace and also speaks Italian.