CHN Partners in Ringwood East, Victoria, Australia | Tax preparation service

CHN Partners

Locality: Ringwood East, Victoria, Australia

Phone: +61 3 9870 1300

Address: 1st Floor, 2-8 Railway Ave 3135 Ringwood East, VIC, Australia

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

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

25.01.2022 There are many things to consider and get in place when you’re a small business owner or in the process of starting up. Getting the basics of your small business accounting correctly set up from the beginning will keep you out of potential trouble and let you focus on the important work of growing your business. https://www.chnpartners.com.au/work-with-your-accountant/... #businessaccounting #accountingservices #businessstartup

24.01.2022 Having clear financial projections for your business is vital if you want to keep on the path to success. Without a clear strategy of what your goals are, you will never know how to get there, or how much you need to spend along the way to reach your long and short term goals. Your business plan will help you to anticipate changes in your business growth and address possible future obstacles before they happen. https://chnpartners.com.au... #businessplanning #businessprojections #businessadvice

24.01.2022 This tax time it’s important to get your records and tax return correct because of the unusual business circumstances. Click the link below for more info on your business' 2020 tax return. #tax # taxes #taxdeduction #jobkeeper #melbourne #chnpartners

24.01.2022 With the JobKeeper extension set to start from the 28th September 2020, it's important to remain up to date with the latest changes. Here we discuss the differences between the current program and V2.0 that will begin in a little over a week.

22.01.2022 It's been a while since we've posted here, with everything that has been going on the team has been heads down reading the constant updates on various COVID-19 related stimulus measures and assisting business's applying for them. As of last night, JobKeeper catchup payments can now be made until next Friday - 8th May 2020 for the first two fortnights. If you believe your business has experienced a drop in turnover of at least 30% in March or April, we may be able to assist with determining eligibility and applying for JobKeeper. Eligible business's will receive a $1,500 subsidy per fortnight for all eligible employees to assist with the cost of keeping them employed.

19.01.2022 Our very own Anthony Zerella with a bit of an introduction to CHN Partners.

17.01.2022 Most small to medium business owners are very passionate about their businesses. Unfortunately, this passion and enthusiasm often goes un-rewarded, with many business owners not making the most of their opportunities due to a lack of planning and goal setting. https://www.chnpartners.com.au/are-you-making-the-most-of-/ #businessgrowth #businessplanning

17.01.2022 While our office is now closed due to Stage 4 lockdowns, our team has been working from home since mid March, so we don't expect too much to change on our end. You can still contact us on our regular office number - 03 9870 1300 - or email us at [email protected]. If sending mail to us it is imperative to use our postal address at PO Box 265, Ringwood, VIC, 3134. It may take a few days longer but we'll still receive it.... We will continue to keep you updated via our regular newsletter of the latest developments in JobKeeper legislation and the various concessions available (email us if you aren't receiving this and would like to). It is important to remember that when approaching the ATO, banks, landlords etc for concessions, they often require the latest financial information, so now might be an ideal time to give us a call and get your 2020 work done early. Even if it's just for a chat we are always happy to talk. - The Team at CHN Partners

17.01.2022 As a business owner, when considering purchasing or leasing a new vehicle, it is important to review the implications of purchasing in your own name vs your business name. If you use the vehicle predominantly for personal use, having it in the business name may lead to increased FBT or other business costs, while owners with a high business use may be losing out on deductible expenses if the vehicle is in their own name. Your accountant can provide the best advice and help yo...u make the right decision for your circumstances. https://chnpartners.com.au/services/business-advisory/ #businessvehicle #companycar #businessassets

15.01.2022 To kickstart the economy after Australia’s massive COVID-19 close down, the Federal Government has released a huge spending and tax cuts Budget for 2020. Here, we've prepared a summary showing what it means for you and your business.

13.01.2022 ATO introduces new measures to combat illegal Phoenixing. This term is used to describe the activity when a new company is created from the ashes of another company that was in debt and had been deliberately liquidated, only to continue the business of the old company while avoiding having to pay its debts. https://www.chnpartners.com.au/ato-introduces-new-measures/ #taxdebts #phoenixing #taxhelp

13.01.2022 On Saturday night our team joined with Arrowpoint Bookkeeping to enjoy a belated EOFY dinner - ISO style. The mouthwatering 3 course meal from @Centonove was not only simple to prepare but tasted amazing! Thankyou to the organisers Mark, Andrew and Dean and everyone that joined for making it a great evening.

11.01.2022 Most business owners have issues with customers owing them money. This can be a real burden on the cash flow of your business and prevent you from reaching your growth goals. As a small business owner, it’s vital that you understand how debtors affect your daily operations and what you can do to reduce your debtors and improve your cashflow. https://www.chnpartners.com.au/are-you-being-a-bank-for-yo/... #cashflow #businessadvice #moneymanagement

11.01.2022 Inadequate receipt and record keeping is a common mistake that many business owners make. While that small piece of paper or email attachment may seem insignificant now, they can prove invaluable when subject to a review or audit. With records required to be kept for between 5 and 7 years (and in certain circumstances even longer), it is important that your business maintains accurate, accessible and legible documentation. https://www.chnpartners.com.au/... #bookkeeping #accountingservices #businessadvice

10.01.2022 Is your business a major source of income and wealth? If it is, let us be your sounding board to help you optimise the value of your business! Our Board of Advice Program enables you to take your business to the next level by accessing independent advice so you can continue to protect, grow and transition the value of your business. https://www.chnpartners.com.au/insights/... #boardofadvice #businessgrowth #businessadvice

09.01.2022 By creating a specific strategic direction for your business it will help you to stay focused on the direction you want to take your business and give you a clear idea of what you need to be doing on a day to day basis. It can be a good to set yourself a three year business plan, then track your progress against this regularly to see if you're moving in the right direction. You can then see where you are at and what progress you've made, and modify the plan as necessary. https://www.chnpartners.com.au/ #businessplanning #businessgrowth #businessadvice

07.01.2022 When performing your bookkeeping, its important to track your expenses and income, and regularly compare these to your records against your bank statements. This will allow you to quickly identify any unusual activity as well as stay on top of any increase in expenditure. https://www.chnpartners.com.au/... #bookkeeping #profitandloss #businessadvice

06.01.2022 Using financial projections even if your business is financially sound today. Financial projections help you to understand where to invest business revenue, or if you’ll need to look at applying for a business loan when things change. https://chnpartners.com.au #financialprojections #businessgrowth #businessadvice

06.01.2022 If you're self employed it's important to remember that just because you receive income from sales or services, doesn’t mean you can spend that money immediately. There may still be income tax, GST, PAYGW, superannuation all other general business expenses that need to be paid before determining your true profit. Often it is best to plan for these and put the money aside early, to avoid any nasty surprises down the track. What you save now will give you more flexibility in ti...mes when things get difficult. https://chnpartners.com.au #selfemployment #smallbuiness #businessadvice

05.01.2022 Cash flow is usually the most vital aspect of running a trade based business. In order to keep your cash flow healthy, you need to have a clear system in place for payment and collection, which can include invoicing on the job and sending invoices immediately. There are many systems available for tradies to use, but it can be confusing as to which one best suits your needs. Speak to your accountant, and get help and advice on what platform is best for your business. https://www.chnpartners.com.au #tradeaccounts #invoicesystems #businessadvice

04.01.2022 Accounting software is a great tool for any small business, and these allow you to give access to your accountant which greatly speeds up the process of yearly tax returns. Before you choose a platform, discuss options with your accountant and get advice on what will be the best solution for your needs. https://chnpartners.com.au #accountingsoftware #accountingplatforms #businessadvice

03.01.2022 Do you need help in preparing for reopening your business operations? The Victorian Government has a planning template that provides guidance on keeping people safe, adapting business operations, and where to get help. https://bit.ly/3jMc8SM #covid #covid_19 #chnpartners #melbournebusiness #melbourne #covidsafe

02.01.2022 With most markets confined within their own communities, concentrating on local consumers right now is essential for your business. Update your goals and strategy to maximise on the local market. #business #businessstrategy #smallbusiness #melbourne #ringwood #onlinemarketing #brand #chnpartners

02.01.2022 If you run a small retail business, do you have systems in place to allow you to track the flow of your inventory on a daily basis? Through the use of a point of sales system that links to your stock control, you can track the quantity and cost of incoming shipments as well as the daily sales of items through your store. This can greatly improve your ability to monitor what products are making the most profit for your business.... https://chnpartners.com.au #pointofsale #retailbusiness #businessadvice

02.01.2022 Need to revisit your business plan? We can help guide you through the threats and opportunities that lie ahead, with sound financial management at the core of your plan. #businessadvice #businessadvisor #businessplan #businessplanning #chnpartners