Chapell & Associates in Perth, Western Australia | Accountant

Chapell & Associates

Locality: Perth, Western Australia

Phone: +61 8 9361 3711

Address: Suite 6 63 Shepperton Road, Victoria Park 6100 Perth, WA, Australia

Website: https://www.gregchapell.com.au/contact

Likes: 61

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• Tax preparation service
• Accountant
• Financial service
• Business consultant

25.01.2022 May lovely, happy times decorate your Friday. May warm, summer memories brighten your new year, and may the wonder of Christmas be with you forever. From the entire team at @chapellandassociates MERRY CHRISTMAS from our business to yours. #ChapellandAssociates

24.01.2022 Far and away the best prize that life offers is the chance to work hard at work worth doing. Theodore Roosevelt Let us crunch your number so you can keep doing what you do best // #ChapellandAssociates

23.01.2022 Let us introduce you to another @chapellandassociates client, Josh Porter from @jporterclothing From humble beginnings out of a small house in Perth in 2013 to a following of over 25k on social media, @jporterclothing is a clothing brand on the rise. Creating threads wearable from the gym to the street, Josh is looking forward to launching his latest collection soon. Now that we have inspired your fitness attire, let @chapellandassociates ensure you are financially fit, touch base anytime | #chapellandassociates

23.01.2022 Dedicate today to making kindness the new norm by sending an uplifting text to a friend or family member, or even better, grab those keys and visit someone in need of a smile! #ChapellandAssociates

23.01.2022 Home Builder Scheme - Providing eligible owner-occupiers (including first home buyers) with a grant of $25k to build a new home or substantially renovate an exsisting home. Touch base to find out more. #ChapellandAssociates

23.01.2022 Get above your housing debt. Money is something you must control in order to keep you life (& biz) on the right track! #ChapellandAssociates

20.01.2022 GOOD TO KNOW // Where TFN is Provided Be aware that where you’re Tax File Number (TFN) has been provided to a bank, employer, share broker, the ATO will be informed of your income. On your ATO prefill report we have been able to access your salary and wages, interest income, dividend income and contractor’s income for some time. Recently, we have seen EFTPOS income come through on this report suggesting that the banks are now reporting this incom...e to the ATO. Under Federal legislation all Australian Banks are required to report cash transactions of $10,000 or more to the Australian Transaction Reports and Analysis Centre (AUSTRAC) where the ATO can access these reports. Always on hand if you have questions, you can reach out to the team at @chapellandassociates via our contacts in the bio. #ChapellandAssociates See more

20.01.2022 Almost everything worthwhile carries with it some sort of risk, whether it’s starting a new business, whether it’s leaving home, whether it’s getting married, or whether it’s flying into space. Chris Hadfield Advice worth it's weight in gold... share it and inspire someone you know // #ChapellandAssociates

18.01.2022 Hello and welcome to Chapell & Associates Facebook page. We are a boutique practice dedicated to individuals, families, business groups and everyone in between. Here you will find regular posts about our practice, our team members as well as financial and industry updates on all our services including but not limited to; - Taxation... - Accounting - Superannuation - Estate Planning - Bookkeeping and more Get in touch anytime at: [email protected]

17.01.2022 Let us introduce you to another @chapellandassociates client, Dale Rayner from @wingsphotographics Dale's Wings Photographics has been and still remains to serve regional WA and the local Perth community with photos and other various media to promote, expand and encapsulate locations. They also use real manned aircraft along side the latest technology so when drones can't fly, they'll be there. While spreadsheets aren't as visually stunning as aerial photography @chapellandassociates will still keep you flying high with elevated business advice // #chapellandassociates

17.01.2022 Let us introduce you to another @chapellandassociates client, Chris Gallop from @waldecksstirlinggardencentre & @waldeckskingsleygardencentre Chris' Waldecks garden centres have been proudly family owned for 40 years! Their Perth based garden stores offer a large range of garden essentials including plants, pots and soils to garden fanatics and loyal customers alike. Now that Spring is upon us it's the perfect time to get back out into the garden with a little inspiration from the team Waldecks team. We may not have a green thumb ourselves but @chapellandassociates have the knowledge to help 'grow' your business so get in touch today // #chapellandassociates

17.01.2022 Have you forecast your business for the next 12 months, not just the next 3 months!?? We are all very concerned about the second economic wave that will happen from 25 September when Cash boost and JobKeeper are finished or reduced. In addition to this, deferred ATO payments will restart and in many cases Bank loan deferrals restart. We are concerned that over the 6 months from September, businesses will feel additional slowing of the economy which has been somewhat hidden by the government boosts. Don’t wait for it to happen - forecast the future and then call and let @chapellandassociates plan your approach | #chapellandassociates

16.01.2022 INSTANT ASSET WRITE-OFF - This continues at the new $150,000 limit through to 31 December 2020. Please note that from 1 January 2021 the limit will reduce to $1,000 and will only be for businesses with a turnover less than $10 Million. If your asset was over $150,000 there is some accelerated depreciation we can claim, so please discuss this with us at tax time | #chapellandassociates

14.01.2022 Besides the obvious incentives and deferrals finishing or being reduced from 25 September there are other subtle things that expire at the end of next month, including insolvent trading and Court orders on debt collection which have all been stalled, and come back to life, so please if you have concerns let’s get ahead of the changes. Don’t wait for it to happen - forecast the future and then call and let @chapellandassociates plan your approach | #chapellandassociates

13.01.2022 If you really look closely, most overnight successes took a long time. Steve Jobs Save this quote... let it inspire you again down the line // #ChapellandAssociates

13.01.2022 Define success on your own terms, achieve it by your own rules, and build a life you're proud to live! #ChapellandAssociates

13.01.2022 Estate planning is not something we like to think about but without a plan in place, our business and personal affairs may not be dealt with as we wish after we pass away. Estate planning is more than just a will. While you are now alive and well, @chapellandassociates can work with you, alongside your solicitor and financial planner, to set up an estate plan, which may include a will, a business succession plan, a testamentary trust, a superannuation plan and powers of attorney. Let’s make sure that you take advantage of tax planning as well as consider all aspects of your future wishes today // #chapellandassociates

12.01.2022 Many of our clients use self-managed superannuation funds (SMSF) to hold direct property, shares and other investments. The main attraction, we believe is to retain control of your superannuation fund investments, and to have a choice as to what the superannuation fund invests in. Sometimes these are assets that would otherwise be unavailable in a retail or industry superannuation fund (such as direct property). get in touch for assistance navigating compliance requirements and ensuring that the fund is run in compliance with all regulatory authorities // #chapellandassociates

11.01.2022 Let us introduce you to another @chapellandassociates client, Rebekah Barnett from @honestgoodscompany who are responsible for gluten free artisan goods in and around Perth. The company was founded on the belief that integrity is the essential ingredient in any good meal and list each and every pure, natural ingredient used for each loaf. If you want just the good stuff and no nasties then you need to hunt down your local stockist or ask ...us next time you swing by our office, we'd be happy to point you in their direction. #ChapellandAssociates See more

11.01.2022 Let us assure you that there is a large variety of effects on people and businesses right now even with WA being relatively 'Covid' free. Even if you are not doing it tough you may be still experiencing business being down or fluctuating from week to week, making long-term planning tough. Well you are not alone but feel free to call @chapellandassociates if you need any assistance putting pen to paper. To forecast or plan out the future, be it cashflow, business, wages, or super and investment reviews // #chapellandassociates

10.01.2022 Let us introduce you to @chapellandassociates clients, Peta and Adam Baker from @powerfitness_bibralake Both Peta and Adam are behind this family owned and run fitness center in Bibra Lake. The 24/7 fitness business is not just a gym but a group training facility and includes and Infrared Sauna, Free Weight lifting area and in-house massage. While Peta and the team will help you get your mind and body in shape, let @chapellandassociates work on your financial fitness // #chapellandassociates

09.01.2022 COVID CASH BOOST 1.0 and 2.0 Those businesses who received Cash boost benefits in March, April, May and June were receiving it under the first tranche of Cash boost or Cash boost 1.0. However much you received or were eligible to receive up to and including June under cash boost 1 (maximum $50,000 minimum $10,000) then you will receive the same amount again post June. If you are monthly you get each month in June ,July August and Sept, if you are quarterly you get... 50% in June BAS and 50% in September BAS. Cash boost 2.0 is not based upon the level of your PAYGW, so long as you have PAYGW activity you will receive it based upon the total of cash boost 1.0 that you received. Cash boost is provided as a credit against your BAS- any excess is not applied against old debt is refunded to you. Touch base anytime for clarification // #chapellandassociates See more

09.01.2022 PAYROLL TAX The WA state government waived payroll tax for March to June 2020 and if your wages still aggregated over $1 Million in 2020 you will automatically receive a $17,500 rebate. In addition, Payroll tax thresholds increased from 1 January 2020 to $950,000. The threshold then increases to $1 Million from 1 July 2020. The 2020 reconciliations can be a bit complex so please call @chapellandassociates if you need help | #chapellandassociates

08.01.2022 Don't leave your decision making to the magic of chance what are your business goals for 2021? Although no one can go back and make a brand new start, anyone can start from now and make a brand new ending. See you in the NEW YEAR, we look forward to helping you thrive.... #ChapellandAssociates See more

08.01.2022 Now that we know that JobKeeper 2.0 has been updated to JobKeeper 2.1, what does this mean for business? 28 SEPTEMBER 2020 / FN 14 ONWARD: (New JobKeeper) The government has announced that JobKeeper assistance will continue past 27 September, but that employers must reassess their eligibility based upon the actual GST turnover of the July-September 20 quarter. ... This is a quarterly assessment, not a monthly one, and it must support a 30% decline in GST Turnover in comparison to the September 2019 Quarter - Base test. If not, then alternate tests can still be applied. If you pass the base test or an alternate test for the September 2020 quarter, then we will re-apply in October for JobKeeper support from 28 September. Please contact us to re-assess your eligibility based upon YTD actual results and your forecast, so that you know what the likely outcome is. NEW RATES - From 29 September 2020 the JobKeeper rate of $1,500 per fortnight is reduced to $1,200 per fortnight and then from 4 January 2021 further reduced to $1,000 per fortnight. In addition, part time or casual staff who work less than 20 hours per week will have a new JobKeeper amount of $750 per fortnight from 29 September 2020 and this reduces to $650 per fortnight from 4 January 2021. This should reduce the need for JobKeeper top-up payments. So lots of extra categories to declare in the Single Touch Payroll (STP). Feel free to get in touch if you'd like any clarification // #chapellandassociates See more

08.01.2022 Everyone say a big Happy Birthday to @chapellandassociates team member @aoife_kilroy Since joining our firm she has undertaken further studies and now assists our accounting team to process tax returns, maintain the books for superannuation funds and provides book keeping services to our clients. Make sure you shout her a Birthday coffee next time your near the office. #ChapellandAssociates

07.01.2022 Speaking of Tax... specifically tax deductions for work from home. The ATO have provided an 80 cents per hour deduction for cost of working form home during the COVID period. Please talk to us about this if it applies. We are generally finding that the old 52 cents per hour plus portion of phone and internet is worth more than the new blanket 80 cents. Get in touch with our experienced practitioners for more | #chapellandassociates

07.01.2022 We are a team of professionals at the highest level, here to assist you with all your taxation and accounting requirements. We value the fact that we not only love our job, but we love assisting and helping all our clients. We pride ourselves on our high standard of advice and service to all clients, knowing that we want to offer a complete service to each and every one // #ChapellandAssociates

07.01.2022 We love sharing our happy testimonials. If you would like to leave your own review you can find us on Google or Facebook or we will happily receive them at [email protected] to circulate to our team. #ChapellandAssociates

06.01.2022 Business opportunities are like buses, there’s always another one coming. Richard Branson If you have an opportunity... let's look it over // #ChapellandAssociates

06.01.2022 Success is not final; failure is not fatal: it is the courage to continue that counts. Winston Churchill Words to live by for any business, share this with someone who would appreciate this quote // #ChapellandAssociates

06.01.2022 The finance side of your business might be unsexy but you bet making money isn't! #ChapellandAssociates

06.01.2022 Help us with Happy Birthday to @chapellandassociates team member @kacey_iacobellis Kacey has now worked for Chapell & Associates for 6 years and has over 16 years’ experience in providing accounting, taxation and business service advise to her clients. As a Manager, Kacey has extensive experience in proving tax and business advice to her clients and in the preparation of tax returns for a varied client base including individuals, trusts,... companies and self-managed superannuation funds. We hope you party like a pineapple! #ChapellandAssociates See more

06.01.2022 Happy Labour Day long weekend! Are you lazing about the house or escaping for the weekend. We are back in the office tomorrow, until then we’ll leave you with the answer to this common query hitting our inbox of late. FUSS FREE TAX RETURNS // Payroll Tax & Jobkeeper Wages subsidised by the Government’s Job Keeper scheme should NOT be included in your payroll tax returns. This means you should only be reporting any amounts you pay your employees ...above the amount of Job Keeper subsidy received. If you have reported incorrectly you can adjust your payroll tax returns via Revenue Online. Touch base with [email protected] if you’re unsure. #ChapellandAssociates See more

06.01.2022 We love getting review like this one from S.Gauci - Managing Director of Worksite Fitness and Rehabilitation. #ChapellandAssociates

05.01.2022 TAX DEDUCTION (for working from home) - The ATO have provided an 80 cents per hour deduction for cost of working form home during the COVID-19 period. Please talk to us about this if it applies. We are generally finding that the old 52 cents per hour plus portion of phone and internet is worth more than the new blanket 80 cents. Touch base today | #chapellandassociates

05.01.2022 JOBSEEKER UPDATE - Those on JobSeeker will see the Supplement of $550 extra, reduce on 25 September to $250 per fortnight (pf) which will then cease on 31 December. In addition, the normal Liquid asset waiting period and asset tests will reapply to JobSeeker from 25 September. JobSeeker partner income reduction rate will increase from 25 cents per dollar above $996 pf, to 27 cents per dollar over $1,165 pf. The government will also increase the amount an individual can earn to $300pf, before any reduction of JobSeeker applies. Jobseeker will still apply to new applicants through to December 31, so touch base if you need | #chapellandassociates

05.01.2022 As we round out what will be remembered as a challenging year in business and in life worldwide, we appreciate our clients and love seeing we are making a difference when it matters most. Your support and praise through testimonials, reviews and feedback is music to our ears. #ChapellandAssociates

05.01.2022 Don't try to do everything yourself, outsource, free up time & grow your business! #ChapellandAssociates

03.01.2022 Did you give your rental property some love this Valentine’s Day? DID YOU KNOW // Repair vs Replacement (Rental Properties) Rental Property repairs must relate directly to wear and tear or other damage as a direct result of renting out your property. Repairs generally involve a repair or renewal of a worn part. Maintenance generally involves the upkeep of the property in tenantable condition. ... However, expenses which are capital in nature are not immediately deducible, and will be depreciated over time (e.g. new hot water system). Replacement assets or improvements are capital, as are all initial repairs prior to commencement of tenancy. If you are not clear on the above, feel free to call @chapellandassociates to clarify 08 9361 3711 #ChapellandAssociates See more

03.01.2022 Bookkeeper: The extra pair of hands working on your business during peak times, freeing up your time! #ChapellandAssociates

03.01.2022 SMSF PENSIONS The existing relief is that minimum pensions for the 2020 and 2021 Financial Years have been halved to reduce the drawdown burden on Fund investments. Many people have no choice because they need the funds to live. If you have a self managed super fund or you have any specific queries don't hesitate touching base with our experienced practitioners | #chapellandassociates

02.01.2022 COMMERCIAL TENANCIES (COVID-19 Response) Regulations 2020. The State government passed regulations dealing with the assistance that landlords need to consider and provide to their tenants during COVID-19 effects. If you are having difficulties with your Landlord, then @chapellandassociates are happy to discuss the regulations with you and or them to try and assist the process. We find often you are dealing with property managers, and they have their own process and sometimes try and push rules through that are not in the regulations. Touch base anytime via our contacts | #chapellandassociates

01.01.2022 REMINDER // Instant Asset Write Off: At the moment, the higher instant asset write-off threshold of $150,000 for most businesses will expire on 31 December 2020. The asset must not only be purchased by that date but also be used in producing assessable income to qualify for the write off. From 1 January 2021 the write off threshold will be $1,000 so speak with us soon if it's on the cards // #ChapellandAssociates