Elite Accounting & Finance | Financial service

Elite Accounting & Finance

Phone: +61 401 266 555

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25.01.2022 Support available for employers! If you're an employer, learn what your business can get and where to go for help. Find out more here https://business.gov.au//coronavirus-information/employers

25.01.2022 Tax bosses are preparing to crackdown on people who earn money from renting out property on Airbnb, driving Uber and trading cryptocurrencies such as Bitcoin. As the end of the tax year approaches, the ATO is moving with the times when it comes to targeting tax dodgers or those who make mistakes on their returns.

24.01.2022 #federalbudget2019

22.01.2022 Enrollment applications for the government’s JobKeeper wage subsidy scheme have now opened, with hundreds of thousands of businesses anticipated to sign up. Feel free to reach out to one of our senior accountants to help you register for the JobKeeper payment on 0401 266 555

22.01.2022 As you're already aware, last week the government announced a massive economic stimulus package, as the coronavirus threatens to hurl Australia into recession. Click here to see the latest legislative changes that could impact your business and improve cashflow. https://www.business.gov.au//coronavirus-information-and-s

22.01.2022 If you’re a commercial or residential landlord who has reduced your tenants’ rent due to COVID-19, you may be eligible for the NSW Government’s land tax relief !

21.01.2022 The tax office is putting a halt to applications for early access to superannuation after instances of identity fraud were detected. #scamalert #Covid19

21.01.2022 Australian employers will have to put away their paper payroll ledgers for good, with parliament finally passing laws to mandate all businesses use single-touch payroll from July 1. Contact us to find our more about what you need to do as a small business (<19 employees). https://www.ato.gov.au//Transition-to-Single-Touch-Payrol/

21.01.2022 The Australia Tax Office is cracking down on property investors this year, and dodgy deductions are firmly in the sights of the taxman. "An accountant experienced with rental properties is well worth their fee, and may be able to provide assistance." Do you need help minimising your tax bill ? Call us on 0401 266 555 or visit https://www.eliteaccountingfinance.com.au/

19.01.2022 | The 2018 October tax deadline is less than a week away. | If you haven't done your return yet, don’t stress! Reach out to us to do your tax return and you won't have to worry about being penalised by ATO for not submitting your return by 31 October 2018 as long as you act now. But if you've already lodged it, don’t totally put tax out of your mind until next year. Instead, take just a moment to read this edition of Tax Tips. A few minutes now could put literally hundreds ...of dollars in your pocket next year! https://eliteaccountingfinance.com.au/news/12072019/

19.01.2022 Most of us will be sick of our jobs at some point in time, but there’s a difference between sometimes and a constant state of stress and exhaustion. Take time off or reevaluate time spent at work, exercise, and get involved in an activity outside of work to distract yourself and avoid burnout!

19.01.2022 Every Easter season is a beautiful opportunity for anyone to rediscover hope, meaning and rebirth. Please take care of yourselves and your family, because that is all we have during these tough times. Happy Easter from our Family to yours

19.01.2022 Stamp duty is back in the spotlight as the federal government draws up a raft of emergency plans and structural reforms to get the economy back on track after the devastation wrought by COVID-19.

19.01.2022 | Not sure which business structure to choose? | Speak to one of our qualified accountants to get a complimentary 15min consultation.

18.01.2022 There is a current scam involving pre-recorded robocalls impersonating the ATO and threatening immediate arrest for an unpaid tax debt. The scammers use a technology known as 'spoofing' to show a genuine ATO number on the caller ID. Please do not respond, provide any information or make any payment prior to checking with us. One of our experienced tax consultants are happy to help you with free of charge if you call us on 0401 266 555 or call ATO directly on 1800 008 540

18.01.2022 You haven’t missed the bus: JobKeeper initial wage payment and enrolment deadlines extended The ATO has extended that wage payment deadline to 8 May (it was 30 April). Call us now to help you register for JobKeeper payment on 0451 555 266!

18.01.2022 This is what we pride ourselves with here at Elite Accounting & Finance ! It's beautiful people like Jacob Wehtje & Venessa Wehtje who are not just clients but a part of our EAF family. Thank you so much for your kind words Jacob and Venessa, this really means a lot me and the team

17.01.2022 The ATO has officially extended the time to enrol for the initial JobKeeper periods from 30 April 2020 to 31 May 2020, with the ASBFEO urging small businesses to take advantage of the scheme.

17.01.2022 JobKeeper: Complete the monthly business declaration by 14 June. You will need to complete the monthly business declaration step by 14 June. This will ensure your business receives JobKeeper payments for May. Ensure you make monthly business declarations between the 1st and the 14th day of each month. Contact us or your BAS agent if you need assistance with this process. https://www.ato.gov.au///Enrol-for-the-JobKeeper-payment/

17.01.2022 Most Australian workers will see their income tax bill drop this year if the federal government brings forward Stage 2 and 3 of the tax cuts legislated after the 2019 federal budget.

16.01.2022 If your business complied with the JobKeeper eligibility criteria in April, it will continue to receive the $1,500 per fortnight wage subsidy for the remainder of the JobKeeper period, until 27 September, the ATO has confirmed. Have a chat to one of our qualified accountants if you have any questions on 0401 266 555

16.01.2022 The federal government is preparing another cash splash to safeguard the economy less than a week after unveiling its $17.6 billion stimulus package. Elite Accounting & Finance is closely working with ATO to get a better understanding of how the incentives announced last week will work. We will endeavour to answer any questions you might have, so don't hesitate to contact us for more details.

16.01.2022 Why you probably shouldn’t lodge your tax return on July 1 and the harsh penalties for not meeting deadlines! Contact us now for a complimentary 30min consultation on 0401 266 555.

16.01.2022 The tax office is writing to 17,700 self-managed superannuation funds (SMSFs) concerned that they are overexposed to property and are breaching legal obligations on investment. If you'd like to speak to one of our qualified tax agents regarding SMSF please call 0401 266 555 or visit https://eliteaccountingfinance.com.au/

16.01.2022 The ATO has deferred lodgment and payment for various obligations that would have fallen due in the near future. It says the move has been made in light of the significant impact COVID-19 is having on both practitioners and their clients. Company 2018-19 income tax returns, will now be due by 5 June The 2018-19 returns for individuals, partnerships, and trusts can also be lodged by the 5 June deadline, provided clients pay any liability by then.

16.01.2022 The calendar has tipped over into the new financial year and there are things you need to focus on to make sure you do the best you can to benefit your finances. >> Talk to one of our qualified accountants on 0401 266 555 to discuss how we can help you maximize your tax benefit. Visit our website https://eliteaccountingfinance.com.au/

15.01.2022 You have 4 days to lodge your tax return!!! Unless you have a later due date because a registered tax agent is preparing your tax return; lodge by 31 October 2019 to avoid any late penalties. Call us now to speak to one of our qualified accountants.

15.01.2022 ATO allows deductions for sanitiser, face masks and COVID-19 related expenses. Don’t fall prey to untrustworthy tax planners or advisors - you could actually be cheating on your tax. If you’re unsure, talk to your trusted professional (or us!) to make sure you're doing the right thing and avoid potential penalties.

15.01.2022 The expenses of landlords who negatively gear investment properties have been revealed in new figures showing property owners collectively spent millions of dollars on gardening, office costs and travel.

14.01.2022 We’re offering 25% on tax planning related to any COVID-19 related matters Call us now on 0401 555 266

13.01.2022 JobKeeper and JobSeeker payments will live on beyond September, but payments will be trimmed and fewer people may be eligible. For more information contact us on 0401 555 266.

13.01.2022 Budget update: Winners and losers 1. JobKeeper payments will be extended until March 2021. 2. Superannuation access will be extended to 31 December 2020. 3. COVID-19 SME Guarantee Scheme will be extended until 30 June 2021, allowing businesses to access these loans until this deadline... 4. The government will establish a $1 billion JobTrainer Fund designed to provide more low and no fee training spots for job seekers and school leavers. For more information, call us on 0401 555 266

13.01.2022 Prominent economists have warned Australia will fall off a financial cliff in September unless banks and governments extend their coronavirus support measures.

12.01.2022 With the economy in a tailspin, the government has put in place measures to help Australians who have already fallen on tough times. The extra $550/fortnight would bring the total benefit payment to $2230 a month for a single person currently on the JobSeeker payment. For more information contact Elite Accounting & Finance.

12.01.2022 The Australian Taxation Office has asked businesses to organise their JobKeeper paperwork now so payments can be administered to the right people once the scheme begins in May.

12.01.2022 Tax Tips for tax time this year Contact us for more information on how you can maximize your tax benefits this year on 0401 555 266

12.01.2022 For those of you who are interested to find out more about the "JobKeeper Payment" of $1,500 including: Eligibility Payment Process Timing... How to Apply This is a great summary on the that explains in detail with examples https://www.business.gov.au//coronaviru/jobkeeper-payment

11.01.2022 Thousands of casual workers who do not currently qualify for the $1500-a-fortnight JobKeeper allowance based on length of service could secure access to the scheme in a compromise deal after Attorney-General Christian Porter confirmed he was listening to union concerns.

10.01.2022 We are introducing a complimentary (fee-free) 30 min consultation for new clients in April only! If you or a friend have any questions about the stimulus packages/incentives introduced during the past month, don't hesitate to contact one of our experienced accountants to help you with any queries on 0401 266 555.

09.01.2022 Tax relief worth up to $1080 for singles and $2160 for dual-income couples will be paid to workers from next week under the new laws that passed Parliament on Thursday evening.

09.01.2022 WARNING! --------------- The Australian Taxation Office (ATO) is warning the community about a new SMS scam which promises an 8% bonus on 2020 tax returns to victims of recent natural disasters. Avoid clicking on the link in the SMS and contact your accountant urgently. For more information please contact us on https://www.eliteaccountingfinance.com.au/

09.01.2022 Thank you Jack for your review, what a great way to end the week

08.01.2022 Now that the JobKeeper Payment has passed Parliament, this is how it'll work. Here's a quick recap of what it's offering

08.01.2022 The Australian Taxation Office has revealed the top 5 most unusual claims taxpayers have made during the last financial year. ATO assistant commissioner Karen Foat said when people deliberately make dishonest claims, particularly for large sums, it could impose a penalty. Elite Accounting & Finance specialises in handling audits with the ATO on your behalf, please contact us should you need assistance on 0401 266 555 or visit us on https://www.eliteaccountingfinance.com.au/

07.01.2022 Do you run a company and do not employ any staff? Here is what you're are eligible for. Should you wish to discuss us the latest legislation changes, please don’t hesitate to book a time with one of our senior accountants to discuss.

07.01.2022 "If your savings are in super, keep them in super Research from the consumer advocacy group found that members who withdraw $20,000 now could lose almost $50,000 by the time they retire.

05.01.2022 Thank you Luis from Digital Experience Labs (DX labs) for sending this lovely gift, a symbol of our continued growth and success for many more years to come. It has put a big smile on our faces, this is what motivates me to do what I do everyday and keep my clients happy and successful. We wish our Elite Accounting & Finance family a happy and safe New Year and a Merry Christmas

05.01.2022 We just launched our new Instagram account! Follow our page for the latest tax tips and budget updates https://instagram.com/eliteaccountingfinance

05.01.2022 COVID-19 SCAM ALERT! There have been a number instances where Australians have received texts/emails with links about COVID-19. If you don't know who the sender is or if it says AusGov, make sure you don't click on ANY links and delete the message/email straight away!

04.01.2022 If you earn between $37,000 and $48,000, you will secure $255 plus 7.5 per cent of what is over $37,000. The sweet spot is for workers earning between $48,000 and $90,000. They will secure the full $1080.

03.01.2022 Your company’s GST liability is now ‘your’ debt! If your company has not paid its GST liability, you’ll now be on the hook for it personally.

03.01.2022 Here's a summary of the measures introduced to support businesses impacted by the coronavirus (COVID-19). If you're a sole trader, learn what your business can get and where to go for help. For more information, click on the link below https://business.gov.au//what-support-is-available-to-your

03.01.2022 Almost nine in 10 property investors who claim tax deductions on their rentals are making errors, new research shows. Investors are in the crosshairs of the Australian Taxation Office, which is turning its focus to the incorrect property claims made at tax time. | To avoid getting audited get in touch with one of our experienced and qualified senior tax agents for free consultation https://eliteaccountingfinance.com.au/contact/ or call us on 0401 266 555 |

03.01.2022 Working-from-home tax guide: What you can and can’t claim Workers can claim the following expenses, according to the ATO’s COVID-19 advice hub: Electricity expenses related to regulating temperature and lighting the work-related space of your home (during work hours)... Cleaning costs for their work-specific area Phone and internet (apportioned to your work-related usage) Stationery and ‘computer consumables’ (e.g. paper, printer ink) Home office equipment, including computers, other work-related technology, furniture and furnishings (full cost for items of up to $300, and depreciation costs for those over $300). Reach out to find out more

03.01.2022 For those of you who are still unclear on what the stimulus packages that the government announced during the last couple of weeks means or how they can help you; here is a video that provides you with a summary of each incentive. It's a little long but worth watching!

03.01.2022 We will pay employers to pay their employees and make sure they do, to keep them in the businesses that employ them and to ensure they can get ready together to bounce back on the other side, Prime Minister, Scott Morrison. For businesses to be eligible they need to have seen a 30% drop in turnover, for smaller businesses or a 50% for large businesses.

02.01.2022 Well the government has just dropped stimulus package number 3! Prime Minister Scott Morrison has pledged $130 billion over the next six months to help Australians who a recently unemployed. The government is also introducing a $1,500 "Job Keeper" payment. ... Qualified businesses will be paid up to $1,500 a fortnight, per employee, for the next six months. The payment will be a flat rate, regardless of how much they had previously been paid. To qualify, businesses need to show a 30% reduction in revenue. Scroll down to the 3rd article in the link below to read more.

01.01.2022 The tax office’s tip-off hotline has been running hot as the financial year counts down its final days with Australians dobbing on suspected tax dodgers at nearly double the rate of this time last year. The ATO said on Friday it had received nearly 60,000 reports of suspected tax evasion, the black economy or illegal phoenix activity between July 1, 2018, and May 31, 2019.

01.01.2022 Another coronavirus support payment is on the way will you have an extra $750 in your account soon? For more information contact us on 0401 266 555 or visit https://eliteaccountingfinance.com.au/

01.01.2022 If you’ve ever asked yourself why has my tax refund gone down, this article is for you. We cover tax refund changes from year to year, as well as after lodgement.