Carrazzo Consulting in Hawthorn East, Victoria | Accountant

Carrazzo Consulting

Locality: Hawthorn East, Victoria

Phone: +61 3 9982 1000

Address: 801 Glenferrie Road 3122 Hawthorn East, VIC, Australia

Website: https://www.carrazzo.com.au/

Likes: 183

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• Financial service

25.01.2022 BUDGET 2020 This was an enormous budget, targeted at boosting spending/productivity/business investment. However, plenty of it has wide application, especially the restoring of the company loss carry back provisions, which really helps companies, with fluctuating incomes, access tax refunds from prior tax paid. I’m sure many in business will welcome the 100% write-off for plant, which applies regardless of how much it costs, in addition to the wages subsidies for apprentice...s and hiring credits for taking on younger employees. A bit for everyone. Click link below to read more: https://www.carrazzo.com.au/carrazzo-tax-b/6430-budget-2020

25.01.2022 ANZ BLOODSTOCK INTERVIEW WITH PAUL CARRAZZO This one is for all our thoroughbred and racing enthusiasts out there! Our director, Paul Carrazzo, has recently given advice on the recent 2020 Budget to ANZ Bloodstock, addressing what the budget means for those in the thoroughbred and racing industry, in addition to giving his current industry insights. A must read for those within the industry. Click below to check it out on the Carrazzo Tax Blog! https://www.carrazzo.com.au/carrazzo-tax-b/6430-budget-2020

25.01.2022 JOBKEEPER 2.1 & EXTRA HELP FOR VICTORIANS We deliberately decided to delay updates on JobKeeper 2.0 and 2.1 until the legislation was passed too often what is announced is significantly different to what is legislated! Sorry for the parochialism, but my fellow Victorians are doing it tough business-wise, so this release ends off with some State Government initiatives announced only last Sunday the most helpful thus far for businesses here. Click below to read more:... https://www.carrazzo.com.au//6429-jobkeeper-21-a-extra-hel

25.01.2022 RACING.COM AFTER THE LAST interviews Paul Carrazzo on Covid-19 Government initiatives Stay tuned! This coming Wednesday 8 March at 6:30pm, Paul Carrazzo will be featuring on this weeks episode of After The Last on Racing.com (viewable on TV or online) to talk about the Covid-19 Government tax and financial initiatives: how they relate to all industries, but especially how they relate to the Breeding & Racing Industry and how employers and employees can best take advantage of them. Mark it in your diaries, its not one youre going to want to miss!

24.01.2022 At the start of any new tax year, theres always a flurry of activity at Carrazzo Consulting in relation to the setting up of new businesses. During this process, theres one piece of advice we love passing onto new business owners about the GST they thought theyd never be able to claim. Click below to read more:... https://www.carrazzo.com.au//6427-bonus-gst-for-new-busine

24.01.2022 COVID HOME OFFICE EXPENSES AND TAX Claiming of Home Office expenses will never be as relevant as now within this COVID period where so many of us must work from home. If you don’t own or lease a business premises or have always worked from home, this issue is consistently relevant; even without a pandemic! Click the link below to read more... https://www.carrazzo.com.au//6428-covid-home-office-expens

24.01.2022 Happening soon, make sure to tune in!

22.01.2022 Were very impressed with the innovative branding of the Xenontech corporate vehicles, nice work Daniel Thai! A great Sydney client of ours really going places.

21.01.2022 JOBKEEPER - POSITIVE UPDATE COULD BENEFIT YOUR BUSINESS The final legislation was announced recently and it opens the door that sole traders, or businesses in other structures, can get JobKeeper even if no wages have ever been paid to the main owner. This has profound relevance to many business owners. Click below to read more:... https://www.carrazzo.com.au//6424-jobkeeper-positive-updat

21.01.2022 Happy New Year from the team at Carrazzo Consulting! We wish you all a fantastic 2020

18.01.2022 At the start of any new tax year, there’s always a flurry of activity at Carrazzo Consulting in relation to the setting up of new businesses. During this process, there’s one piece of advice we love passing onto new business owners about the GST they thought they’d never be able to claim. Click below to read more:... https://www.carrazzo.com.au//6427-bonus-gst-for-new-busine

18.01.2022 This past weekend, we once again sponsored a race at the famous annual Dunkeld Race Meeting in Western Victoria. Under COVID 19 rules, only owners and sponsors were allowed on track, so Paul Carrazzo and team member Jack Brook made the 280km pilgrimage to represent Carrazzo Consulting. Great experience meeting owners Jason, Ben and Sam who had a runner in the Carrazzo Consulting BM 70, their horse, ‘Tough Vic’, ran a terrific 2nd; their reward were a couple of our new Carrazzo Consulting caps! These Warrnambool boys are the lifeblood of the racing industry, and it was a pleasure to share their joy!

10.01.2022 Be sure to be watching Sky Thoroughbred Central - 'BRED TO WIN' program when they interview Paul Carrazzo to find out what small breeders must know about the Covid-19 financial initiatives; there are some nice surprises! Watch it live tomorrow, Tuesday the 28th at 8pm AEST on Sky Thoroughbred Central, Channel 528. Check out the preview below!... https://www.youtube.com/watch?v=UUzLwd2a8Gc&feature=youtu.be

10.01.2022 FORGOTTEN BREEDER TAX GOODIES A good update on the claiming of Fuel Tax Credits and new very generous tax write-offs re fences, water facilities and fodder storage assets so overlooked. Click below to read more:... https://www.carrazzo.com.au//6419-forgotten-breeder-tax-go

10.01.2022 JOBKEEPER SUBSIDY FOR BUSINESSES AND EMPLOYEES The Carrazzo team was hard at work this morning drafting this informative piece on the newly announced employer JobKeeper subsidy scheme, including; - What it entails... - Whether your business is eligible for the subsidy - What's in it for employees - How to go about applying Click below to read more: https://www.carrazzo.com.au//6422-jobkeeper-subsidy-for-bu

09.01.2022 ATO EXTENDS RACEHORSES REVIEW FOR AN EXTRA FIVE YEARS You get the feeling the ATO sense theyre on a winner with this lifestyle assets audit and have really upped the ante by extending it for another five years quite unprecedented. Click below to read more:... https://www.carrazzo.com.au//6417-ato-extends-racehorses-r

08.01.2022 Day 1, 2020 Magic Millions sales was a great day for our clients, Brad Crismale getting $850k for his American Pharoah yearling a real highlight, champers all round afterwards

04.01.2022 BEWARE CAR LIMIT TO INSTANT ASSET WRITE-OFF Amongst the numerous financial and tax initiatives the Government has announced recently in relation to Covid-19, the one that has really captured the imagination of my clients is the increase to the instant asset write-off threshold. The most queries we have had on this initiative is how it relates to cars/motor vehicles used in a business. More specifically, is a new (or proposed) car/motor vehicle acquisition eligible? There can ...be a trap... Click below to read more: https://www.carrazzo.com.au//6423-beware-car-limit-to-inst

02.01.2022 EXTRA TURNOVER TESTS CAN HELP MORE GET JOBKEEPER We are now in mid May and it is still not too late for compliant businesses to get JobKeeper backpaid to 30th of March 2020. The ATO has released alternative tests for businesses with different trading conditions to the norm; drought affected and new businesses are just a couple of examples. These new tests will help those who didn't qualify under the original test to access Jobkeeper. Could that be you? Click below to read mor...e: https://www.carrazzo.com.au//6425-extra-turnover-tests-can

02.01.2022 It's one thing to be considered a business for tax purposes, but entirely another to be considered a ‘Primary Production’ tax business, which so important given the many special tax concessions that relate to Primary Producers. This article will demystify this concept and detail what sort of concessions are available to this special category of taxpayer. Click link below to read more: https://www.carrazzo.com.au//6431-what-is-a-primary-produc

01.01.2022 CORONAVIRUS RESCUE PACKAGE NO 2 - GOVERNMENT & BANK SUPPORT Things are moving quickly, see our latest release in this area. It is long and detailed, but for an event such as this we feel it is justified. ... We hope this helps your business, and feel free to contact us with any queries. Click below to read more: http://www.carrazzo.com.au//Coronavirus_rescue_package_No_