Esha Denkha & Associates in Coolaroo, Victoria | Business service

Esha Denkha & Associates

Locality: Coolaroo, Victoria

Phone: +61 3 9981 1336

Address: 12A Reservoir Drive 3048 Coolaroo, VIC, Australia

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

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

25.01.2022 ITS THAT TIME OF THE YEAR AGAIN! Have the peace of mind knowing your tax return has been completed by a professional who will help you maximize your tax refund. Contact our office on (03) 9981 1336 to make a booking!

25.01.2022 Dear Clients and Partners, Our office will be closed on Monday April 25, 2016 due to the Anzac Day public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

24.01.2022 TAX CUTS FOR SMALL BUSINESS The government has reduced the income tax rate to 28.5 per cent for small business companies (i.e. with an aggregated annual turnover of less than $2 million). Companies with an aggregated annual turnover of $2 million or above will continue to be subject to the current 30 per cent tax rate on all of their taxable income.... These changes apply to assessments for income years starting on or after 1 July 2015.

24.01.2022 Dear Clients and Partners, Our office will be closed on Tuesday November 3, 2015 due to the Melbourne Cup public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

23.01.2022 Dear Clients and Partners, Our office will be closed on Friday September 30, 2016 due to the AFL Grand Final public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

23.01.2022 *IMPORTANT NOTICE* Our office will be CLOSED from Monday, 21st December 2015. We will re-open on Monday 11th January 2016 at 9:00AM. Should you have any concerns, please email or call us prior to the holidays for customer assistance.... Thank you for your business this year. It has been a pleasure helping you reach your goals, and we look forward to contributing to your success in 2016. We wish you a prosperous and happy New Year! Esha Denkha & Associates

23.01.2022 EMPLOYERS - Prepare now for SuperStream SuperStream will improve the efficiency of the superannuation system by introducing a new way for making super contributions electronically. This includes a new standard for the electronic transmission of linked data and payments. If you have 19 or fewer employees, SuperStream applies from 1 July 2015.... Please contact our office for more information. Esha Denkha & Associates

22.01.2022 FEDERAL BUDGET 2016 CALCULATOR There have been changes to income tax brackets, concessional super contributions and confirmation the temporary budget repair levy will expire as promised in mid-2017. Find out how the budget will hit your hip pocket by using the budget calculator.

22.01.2022 Treasury has also now advised that only one partner in a partnership can be nominated to receive the JobKeeper payments. Likewise, where beneficiaries of a trust only receive distributions, rather than being paid salary and wages for work done, one individual beneficiary can be nominated to receive the JobKeeper payment. Eligible businesses will also only be allowed to nominate one director to receive the payment and that individual may not receive the payment as an employee.... Further, an eligible business that pays shareholders that provide labour in the form of dividends will only be able to nominate one shareholder to receive the JobKeeper payment. Please click on the below link to view frequently asked questions. https://treasury.gov.au//JobKeeper_frequently_asked_questi Should you be eligible, please apply at the following link. https://www.ato.gov.au/general/gen/JobKeeper-payment/

22.01.2022 You buy a new car, you use it for business so you can claim all the GST right?? WRONG!!!! This area is the biggest area of error for those completing their own BASs and also something that people know very little about. There is a limit to which you can claim GST and Depreciation on a motor vehicle. For 2016/2017 this amount is $57,581. So if your purchase price exceeds this amount you can only claim $5,234 of the GST amount and when it comes to depreciation you can only de...preciate to $57,581. The balance you do not claim a tax deduction for!! There are some exemptions to this rule so speak with us if you would like further information. You also need to consider your business usage in amongst all of this. Do you use the vehicle 100% for business, what adjustment needs to be made to your GST for non business usage. Esha Denkha & Associates

20.01.2022 The quick and easy way to keep track of your deductions all year. The Tax Office has released a new app to help individuals record and manage income tax and work-related expense deductions over an annual period. The myDeductions app, available to iPhone and Android users, aggregates all taxpayer-input deductions information that can be automatically transferred to myTax at tax time.... Esha Denkha & Associates

20.01.2022 Dear Clients and Partners, During the month of APRIL our office will be closed on the following public holidays: Friday 14th April - Good Friday... Monday 17th April - Easter Monday Tuesday 25th April - ANZAC Day We apologise for any inconvenience. Esha Denkha & Associates

20.01.2022 Dear Clients and Partners, Our office will be closed on Friday October 2, 2015 due to the AFL grand final public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

20.01.2022 **BAS (GST) REMINDER** MARCH 2015 Business Activity Statement (1/01/2015 - 31/03/2015) is now due. Please Note: Late BAS lodgements may result in an infringement.... We will not be liable for the infringement for clients who do not make an appointment or submit their paperwork before the 10th of April 2015. Please contact our office to arrange an appointment or submit your paperwork. Esha Denkha & Associates

20.01.2022 2. Cash flow assistance payments for Small and medium-sized enterprises (SMEs) Eligible small and medium-sized businesses (SMEs) will receive a Boost Cash Flow for Employers of up to $25,000 (with a minimum payment of $2,000). The payment will provide cash flow support to businesses with a turnover of less than $50m that employ staff, between 1 January 2020 and 30 June 2020. The payment will be tax free. This measure will benefit around 690,000 businesses employing around 7.8...m people. Businesses will receive payments of 50% of their BAS or IAS from 28 April 2020 with refunds to then be paid within 14 days. Small businesses will also receive a total of $1.3bn to support the jobs of 120,000 apprentices and trainees. Eligible employers can apply for a wage subsidy of 50% of the apprentices or trainees wage for up to 9 months from 1 January 2020 to 30 September 2020. Where a small business is not able to retain an apprentice, the subsidy will be available to a new employer that employs that apprentice.

20.01.2022 1. Business investment initiatives instant asset write-off extended and increased to $150k The instant asset write-off threshold will be increased from $30,000 to $150,000 and expanded to include access for businesses with aggregated annual turnover of less than $500m (up from $50m) until 30 June 2020. For example, assets that may be able to be immediately written off would include a concrete tank for a builder, a tractor for a farming business, and a truck for a delivery b...usiness. A time-limited 15-month investment incentive (through to 30 June 2021) will also be provided to support business investment by accelerating depreciation deductions. Businesses with a turnover of less than $500m will be able to deduct an additional 50% of the asset cost in the year of purchase. DATE OF EFFECT: These measures start today [Thur 12.3.2020] and are expected to support over 3.5m businesses (over 99% of businesses) employing more than 9.7m employees.

18.01.2022 See you in 2019!

18.01.2022 STARTING A NEW BUSINESS? This video is an overview of tax and super obligations that may arise when starting and running a small business.

18.01.2022 Dear Clients and Partners, Our office will be closed on Tuesday January 26, 2016 due to the Australia Day public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

17.01.2022 Dear Clients and Partners, Our office will be closed on Monday March 14, 2016 due to the Labour Day public holiday. We apologise for any inconvenience.... Esha Denkha & Associates

15.01.2022 MALICIOUS PHONE SCAM TARGETS TAXPAYERS The ATO is warning Australians to be on the lookout for a malicious scam that intimidates taxpayers into paying a fake tax debt over the phone. Please contact our office on (03) 9981 1336 for further information.

14.01.2022 BEWARE OF TAX RELATED SCAMS The ATO will never send you an email requesting you to confirm, update or disclose confidential details via an insecure channel such as email. You should always independently verify the source before taking any action. If you receive a communication of this nature, do not respond to it.... Forward it to [email protected] For more information about ensuring your online security visit ato.gov.au/onlinesecurity

13.01.2022 Dear Clients and Partners, Our office will be closed on Friday March 25, 2016 and Monday March 28, 2016 due to Good Friday and Easter Monday public holidays. We apologise for any inconvenience.... Esha Denkha & Associates

13.01.2022 Coronavirus: Govt announces $17.6bn stimulus package; cash payments for business; instant asset write-off increased to $150k; $750 for welfare recipients. The Government announced a $17.6 billion economic stimulus package in response to the coronavirus (COVID-19). This temporary package, which is expected to provide direct support for up to 6.5 million individuals and 3.5 million business, includes 4 key parts: 1. Business investment initiatives instant asset write-off exte...nded and increased to $150k 2. Cash flow assistance payments for Small and medium-sized enterprises (SMEs) 3. Household stimulus payment of $750 for welfare recipients. 4. Support for impacted sectors, regions and communities

12.01.2022 COVID-19 UPDATE For the health and safety of our clients, staff and the broader community, Esha Denkha & Associates will be cancelling any face-to-face appointments. This outcome is in compliance with social distancing measures mandated by government and health authorities across the country to prevent the transmission of COVID-19. From Monday 30th of March 2020, until further notice, our staff will be working remotely. Although our office will be closed, the phones and email... correspondence will remain open as usual for any queries you may have. Future video conference appointments can be reserved. We hope these measures are short-term. Our clients are our top priority and we aim to minimise any disruption to our services during this time. Esha Denkha & Associates

11.01.2022 The Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus. Around 6 million workers will receive a fortnightly payment of $1,500 (before tax) through their employer. The payment ensures eligible employers remain connected to their workforce and will help businesses restart quickly when the crisis is over.... Please click on the below link to view eligibility criteria. https://www.business.gov.au//coronavirus/jobkeeper-payment Should you be eligible, please apply at the following link https://www.ato.gov.au/general/gen/JobKeeper-payment/

11.01.2022 THE END OF THE FINANCIAL YEAR IS APPROACHING As an employer you need to provide payment summaries to your employees by 14 July, and send your payment summary annual report to the Australian Taxation Office. Preparing your June 2016 quarter business activity statement documents from now will ensure you submit this information to our office promptly at the start of July.... Prompt lodgement of your payment summary annual report will help your employees in completing their tax returns as soon as possible.

09.01.2022 Is your business considering or has already purchased an asset that costs less than $20,000? New laws have passed that allow small businesses to claim an immediate deduction for assets they start to use or have installed ready for use. Please refer to the below link for further information or alternatively contact our office on (03) 9981 1336.

07.01.2022 Is your business ready for Single Touch Payroll? Contact our office for further information.

06.01.2022 Has your business been subject to closure or highly impacted by Non-Essential Activity Directions issued by the Deputy Chief Health Officer? Link: https://www.dhhs.vic.gov.au//Non-Essential-Activity-Direct Businesses are eligible to apply for a grant through the Fund if they meet the following criteria:... Employ people; and Have a turnover of more than $75,000; and Have payroll of less than $650,000; and Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020 (when the State of Emergency External link (opens in same window) was declared); and Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020. Please click on the below link to apply. https://www.business.vic.gov.au//coronavirus-business-supp

04.01.2022 Many Uber drivers have never had to be a small business before. Many wont know what they have to do to stay legally compliant and able to keep taking fares for years to come. THEY HAVE TO REGISTER FOR GST Because Uber drivers are taxi drivers now, they have to register for GST no matter what their annual turnover is. That means they have to collect 10% GST on all fares they offer. That in turn means the 10% comes out of their cut from Uber, not Ubers share of the fare is ...this fair? Regardless, its their lot now. THEY HAVE A BAS TO KEEP NOW Uber drivers need to chart where and when GST is paid. They need to communicate and net off their GST liability on a quarterly BAS. Most Ubers wont have ever lodged a BAS before its not something you can just pick up and do right away. You can help with this. Esha Denkha & Associates

03.01.2022 ARE YOUR TAKING ON AN EMPLOYEE? It doesnt matter whether you operate as a sole trader, partnership, company or trust. You can employ people under all business structures. Use this checklist to help guide you through the federal and state laws that can apply when you take on an employee.

02.01.2022 ITS THAT TIME OF THE YEAR AGAIN! Have the peace of mind knowing your tax return has been completed by a professional who will help you maximize your tax refund. Contact our office on (03) 9981 1336 to make a booking.

01.01.2022 4. Support for impacted sectors, regions and communities Support of $1bn will be provided for sectors, regions and communities that have been disproportionately impacted by the economic impacts of the coronavirus, including those heavily reliant on industries such as tourism, agriculture and education. This will include the waiver of fees and charges for tourism businesses that operate in the Great Barrier Reef Marine Park and Commonwealth National Parks. It will also include... additional assistance to help businesses identify alternative export markets or supply chains. Targeted measures will also be developed to further promote domestic tourism. Further plans and measures to support recovery will be designed and delivered in partnership with the affected industries and communities. Tax admin relief deferred tax payments for 4 months Administrative relief will be provided for certain tax obligations, including deferring tax payments up to 4 months. This is similar to relief provided following the bushfires for taxpayers affected by the coronavirus, on a case-by-case basis.