HG Tax Solutions in Perth, Western Australia | Accountant

HG Tax Solutions

Locality: Perth, Western Australia

Phone: +61 499 027 004

Address: 88 Edeline St Spearwood 6163 Perth, WA, Australia

Website: http://www.hgtaxsolutions.com/

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25.01.2022 Changes to the low and middle income tax offset announced in Budget 201920 are now law. The amount of offset you may be entitled to, and the amount of any refund, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. Well automatically take into account any offset youre entitled to in your tax return, even if youve already lodged. You wont need to contact us. Refunds for tax returns already lodg...ed are expected to start issuing towards the end of next week and into the following week, which is in line with the normal processing of refunds for this time of year. Find out more at www.ato.gov.au//Lower-taxes-for-hard-working-Australians-/

25.01.2022 The governments promised increase to low income offset will be the first item on the agenda as soon as parliament sits again in the first week of July. Once passed the ATO can implement. If you can possibly wait to lodge your return till after the second week of July and this bill is passed, you will get the offset ( thresholds apply)

24.01.2022 Medibank have announced they have made the deadline and members should start receiving there statements

23.01.2022 Vehicle and travel expenses You can claim vehicle and other travel expenses directly connected with your work, but generally you cant claim for normal trips between home and work this is considered private travel. You need to keep records of your travel expenses.

22.01.2022 Australian Taxation Office 2 hrs Rental property owners: Did you take out a loan to purchase your rental? You may be able to claim a deduction for interest charged on the loan, but only for the portion of interest that relates to your property. This means if you put some of the loan towards personal expenses such as a holiday you cant claim the interest on that part of the loan. Watch our video for more info and examples, and find out more at www.ato.gov.au//Resident/Rental-expenses-you-can-claim-now

22.01.2022 Small businesses: One in five people in the workplace will experience a mental health condition. This World Mental Health Day, know that you are not alone and there is help. If youre having difficulties meeting your tax and super obligations, call us on 131142 or visit ato.gov.au/smallbizmentalhealth

22.01.2022 ATO recently investigated a taxpayer who claimed $3,800 for transporting bulky tools to and from work. He said there was no secure area to store them at his workplace but when we talked to his employer, they told us that he had a company car and didnt actually need to transport the equipment Since the taxpayer didnt incur any expenses and knowingly misrepresented his circumstances, we knocked back the claim and applied a penalty. Read about more dodgy claims and get the low-down on car expenses at ato.gov.au//ATO-driven-to-scrutinise-car-claims-this-tax-t

22.01.2022 Quarterly BAS lodgers: Get your refund faster by avoiding mistakes. Last day to lodge is 28 October. Before lodging make sure you: reconcile the BAS figures with your records check your purchases and sales are reported in the correct period only complete the sections that apply to you.... For more tips to help you get your BAS right, visit ato.gov.au/GSTcommonerrors

21.01.2022 https://scontent-syd2-1.xx.fbcdn.net//19059429_14722797927

21.01.2022 Australian Taxation Office shared a post. July 4 at 3:24 PM Scammers have set up a fake myGov website to trick you into sharing your login and bank account details. DONT FALL FOR IT

20.01.2022 Tip for small businesses: If youre buying goods through online trading or auction sites (like Gumtree or eBay), check if the seller is registered for GST. If they arent registered, you wont be able to claim a GST credit for your business purchase. Learn more, including how to check your suppliers GST registration, at https://abr.business.gov.au/

20.01.2022 Australian Taxation Office 3 hrs If your financial situation has been impacted as a result of COVID-19, you may be able to access some of your super early. You dont need to call us. You can register your interest now via myGov and well be in contact once applications open on 20 April. Check if youre eligible to access your super early and find more info at https://www.ato.gov.au/early-release... No photo description available. See more

20.01.2022 If you studied maths, science, education or nursing at uni, you may be eligible for the HECS-HELP benefit. The 201516 and 201617 income years are the last years for which you can claim the benefit. Check if youre eligible

20.01.2022 Renting out all or part of your home through a website or app is more than just sharing your space. Dont forget to: include this rental income in your tax return only claim appropriate deductions understand you may need to pay capital gains tax if you sell your home in the future.... Know the implications make an appointment at HG Tax Solutions

19.01.2022 Small businesses: With tax time approaching, now is a good time to get all your records in order. Gather and sort all your business records including cash, online, EFTPOS, credit and debit card transactions relating to: sales and other income wages business travel... operating expenses. A little work now will save you time in the long run. Image may contain: text See more

18.01.2022 Australian Taxation Office shared fairwork.gov.aus post feeling confused. November 24 at 4:35pm Confused about whether youre working as an employee or contractor? How youre hired can affect your tax, super, and other entitlements like holidays and insurance. To bust some common myths about being a contractor, ... Being asked to get an ABN for work can be ok, provided you arent actually an employee. If youve been asked to get an ABN, first check our info on how to tell the difference between an employee and a contractor:

17.01.2022 Did you start a new business in February this year? You may be able to use an alternative turnover test to work out if you’re eligible to enrol for the JobKeeper payment. For more information, visit https://www.ato.gov.au//In-de/Applying-the-turnover-test/

17.01.2022 The minimum income threshold for student loan repayments is changing on 1 July. If you have a study or training loan and earn $45,881 or more during the 201920 financial year, youll be required to make compulsory repayments. Start the new financial year on the right foot check your employer knows you have a student loan to help ensure youre taxed correctly.

13.01.2022 Holiday home owners: Is your property genuinely available for rent? With the long weekend coming up, its a great time to check your propertys status will impact the deductions you can claim! For your property to be considered genuinely available for rent, you must actively seek tenants and: 1. Advertise the property to a wide audience 2. Ensure its in good condition so that tenants will want to rent it... 3. Charge market rates no more, no less 4. Accept tenants (unless you have a really good reason not to). Find out more see us t HG Tax Solutions

12.01.2022 Medibank has announced they may not release their private health statements to members by the required date of 15 July.They cant tell right now when impacted members will receive their statements. What does this mean for You? A. Unfortunately, this may affect your ability to submit your annual tax return without your tax statement from Medibank. You should contact your registered tax agent for tax-related questions specific to your situation.

12.01.2022 Zone Offset 2015 - 2016 From 1 July 2015, to be eligible for the zone tax offset your normal place of residence must be in a zone.

11.01.2022 Did you know theres over $17 billion in lost and unclaimed super across Australia? Check if any is yours log into our online services through myGov and review your super accounts. Find out more at ato.gov.au/checkyoursuper

11.01.2022 Tax tip: If youre required to travel overnight for work, you may be able to claim costs like meals, accommodation and car hire. Youll need records to demonstrate: the travel was for work purposes your employer required you to be away from home overnight... you spent the money and were not reimbursed. Learn more about travel expenses and whether youre eligible to claim at https://ato.gov.au/travelexpenses

10.01.2022 If you lodge your tax return before the increased offset is passed by parliament you will still get up to $530 ( thresholds apply) and the ATO will do an automatic amendment once the bill has passed.

09.01.2022 SCAM ALERT! Be on the lookout for suspicious emails claiming to be from myGov. This latest phishing scam from a fake myGov email address asks you to fill out a form in order to claim a tax refund. Dont click anywhere in the email and dont provide your personal details! Always think twice about clicking links or opening attachments in emails, and remember we dont have an online tax refund form. Warn your friends and family to stay alert, and get all the details at ww...w.ato.gov.au//Online-ser/Identity-security/Scam-alerts/ Security tip: Make accessing our online services more secure update your myGov sign-in options at https://my.gov.au so you receive an SMS code for each log in.

09.01.2022 Last chance to 2017 tax with a tax agent 15 May

09.01.2022 https://www.facebook.com/atogovau/?hc_ref=PAGES_TIMELINE&fref=nf#

09.01.2022 With so much going on right now and the government releasing so many different packages, if you need to ask questions or need your notice of assessment, could you please email me: [email protected]. I will get you the answers as soon as possible. Take Care Ruth

08.01.2022 Cash is income too. No matter how you earn it, remember to declare it in your tax return. Tax funds crucial public services like schools, roads and hospitals, which is why its important that everyone pays their fair share. To find out more, visit https://ato.gov.au//workin/receiving-cash-for-work-you-do/

08.01.2022 Keen to get ahead when it comes to your study or training loan? The balance increases in line with inflation on 1 June each year, so if youre in the position to make a voluntary repayment, you could benefit by acting before indexation is applied. Contact us if you wish to find out how to pay.

07.01.2022 Australian Taxation Office is feeling studious. Yesterday at 4:49pm Hitting the books? If youre studying or undertaking a course that relates directly to your current job, you may be able to claim a deduction on your tax return. Self-education expenses are deductible when the course youre undertaking leads to a formal qualification and has a sufficient connection to your current job. See if youre eligible and what you can claim at ato.gov.au/selfeducation... No automatic alt text available. See more

07.01.2022 Two in three Australians spend or earn money through the sharing economy. You may have provided a lift , shared your skills , sold goods online , or rented out part of your home . Earning money this way is no different to earning money any other way it needs to be included in your tax return. Find out what else you need to know at https://ato.gov.au/sharingeconomy

06.01.2022 Avoid common tax mistakes with your rental property check out our top 10 tips! 1. Keep evidence to support your claims. 2. Make sure your property is genuinely available for rent. 3. Initial repairs and improvements cant be claimed in full in the year expenses are incurred.... 4. Borrowing expenses over $100 must be claimed over five years. 5. The costs of buying a property cant be claimed as a deduction. 6. You can only claim interest as a deduction for the part of the loan that relates to your rental property. 7. Capital works can be claimed at 2.5% of the cost for 40 years. 8. You cant claim deductions for periods of personal use. 9. If you co-own, declare income and claim expenses according to your legal ownership. 10. When you sell, be sure to work out if you make a capital gain or capital loss. Find out more at HG Tax Solutions

06.01.2022 Everyone makes mistakes. If youve made an error or forgotten to include something on your tax return, theres an easy fix. Request an amendment through our online services! Just email us [email protected]

05.01.2022 Employers: If you have 20 or more employees, Single Touch Payroll (STP) will soon streamline your payroll reporting obligations. Take the next steps to get ready. Contact your provider Connect with us... Review your business processes Apply for more time, if you need it Use our checklist now at ato.gov.au//Single-Tou/Get-ready-for-Single-Touch-Payroll/

03.01.2022 https://www.facebook.com//a.25766179092/1472283479458960/

02.01.2022 Last year around 6 million people claimed work-related clothing and laundry expenses totalling nearly $1.8 billion. Many taxpayers have legitimate claims for uniforms, occupation-specific or protective clothing, but some are unfounded or unreasonable... Case one: A car detailer claimed more than $20,000 in laundry expenses on his tax return. When questioned, the taxpayer told the tax office he calculated the claim at a rate of $227 per hour, because he valued his personal time... He then made a voluntary disclosure admitting the claim was excessively high, and the ATO reduced the claim

01.01.2022 Dont forget deadline for lodging your 2017 tax return is 31 Oct