Higgins Tonna & Co in Moorebank, New South Wales | Tax preparation service

Higgins Tonna & Co

Locality: Moorebank, New South Wales

Phone: +61 2 9731 2414

Address: 240 Nuwarra Road 2170 Moorebank, NSW, Australia

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

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• Tax preparation service
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• Financial service
• Financial consultant

25.01.2022 Happy Melbourne Cup Day! For those of you who are betting today and are lucky winners, did you know your winnings are tax free? The ATO advises that unless you are operating a betting or gambling business you can exclude winnings from betting and gambling from your taxable income.... Are you betting today? If you are, who are you putting your money on to win?

24.01.2022 All 18+ adults to receive 4 x $25 digital vouchers starting December 2020, you will need to apply for them via the Service NSW website when the government advises of application date. Two of these vouchers can be used for food services such as restaurants and cafes and two of the vouchers can be used for entertainment such as cinemas or amusements parks. The vouchers will not be redeemable for tobacco, alcohol or gaming. ... https://www.9news.com.au//25ffb26e-d5a9-4854-9b48-07219d55

18.01.2022 Let's get prepared for End of Financial Year 2020...

18.01.2022 Do I need to pay tax on early release of super payment? You don't pay tax on an amount released under COVID-19 Early Release of Super scheme and you don't include it in your tax return.

16.01.2022 Interesting fact for your Friday: Did you know bubble gum was created by an accountant? Walter E. Diemer was an accountant and the inventor of bubble-gum. He was born and raised in Philadelphia, Pennsylvania, where he was working as an accountant at Fleer in 1926, when the company president sought to cut costs by making their own gum base

16.01.2022 'Happiness is the only thing that multiplies when you share it' Quote of the day We are lucky to have such a good little team here at Higgins Tonna and enjoy sharing our experience and knowledge with all of you! We like to spread as much ''accounting'' happiness as we can to everyone we meet.

15.01.2022 Are COVID-19 support payments taxable? Do I need to include Jobkeeper in my income tax return? JobKeeper payments are considered taxable income. Your employer will report them to us along with the tax they withheld. These payments will be part of your pre-fill data and may appear separately or as part of your salary and wage income. If you are a sole trader you declare the JobKeeper payments as income.

15.01.2022 What can I claim when working from home? If you worked from home, you may be eligible to claim deductions. There are 3 different methods you can use to calculate and claim your work from home deductions. How much you may be able to claim and what records you need to keep depend on which method you choose: Shortcut method you can claim 80 cents per work hour for all additional running expenses. You can use this method for working at home between 1 March and 30 June 2020.... Fixed rate method you can claim all of these: 52 cents per work hour for heating, cooling, lighting, cleaning and the decline in value of office furniture the work-related portion of your actual costs of phone and internet expenses, computer consumables, stationery the work-related portion of the decline in value of a computer, laptop or similar device. Actual cost method you can claim the actual work-related portion of all your running expenses, which you need to calculate on a reasonable basis. See more

15.01.2022 Employers: Have you updated your payroll software or processes to reflect the updated tax tables? Remember you must be withholding the correct amount from payments you make to employees by 16 Nov 2020. Check out the updated tax tables at www.ato.gov.au/Rates/Tax-tables/

15.01.2022 5 reasons you need a good accountant for your business 1. It eliminates stress and saves you time (therefore saves you $$) 2. You get business planning support on hand... 3. They maximise your business deductions and what you can claim throughout the financial year 4. As your business grows you may need funding and they can help you create a plan to obtain this 5. It makes your life as a business owner a lot easier (if we don't say so ourselves)

14.01.2022 #JobKeeper2.0 28 JANUARY 2021 EXTENSION by ATO has been granted Eligible employers can complete their business monthly declaration from 4 January 2021 to be reimbursed for payments made to their eligible employees in JobKeeper Fortnights 18, 19 and 20 (23 November 2020 to 3 January 2021).... The ATO will continue to process monthly declarations to reimburse employers for payments for the month of December past the usual due date of the 14th of the month, until Thursday 28 January 2021

13.01.2022 At Higgins Tonna we pride ourselves on offering superior business advisory services for small to medium companies and individuals. To show our commitment to you, we are offering a free downloadable document: Six Questions Small Business Owners Should Ask Themselves. If you think this article can help you, leave a comment below and we’ll message it to you no obligation our free gift to you!... For all your Accounting and Bookkeeping needs, make sure to contact us today. 02 9731 2414 higginstonna.com.au

12.01.2022 Are you wondering when is the best time to hire an accountant if you are a business? We've come up with a few reasons for you below: You are starting a new business and;... *need help writing your business plan *need assistance budgeting *cash flow forecasting *advice on your new companies legal structure Or maybe you wish to improve your financial position within your existing business? Either way we would love to hear from you (DM us today).

11.01.2022 Do you want to be added to our monthly newsletter? If yes, dm us your email address so you can stay upto date with current ATO & tax information.

11.01.2022 The Jobmaker credit has officially passed through parliament today, meaning employers now have access to a fixed amount of $200 per week for any eligible employee aged 16-29 years old. "The JobMaker Hiring Credit will ensure hard-working Australians and businesses have the support to get back to work and is part of the government’s Economic Recovery Plan to create jobs, rebuild the economy and secure Australia’s future," the Treasurer said https://www.publicaccountant.com.au//jobmaker-passes-parli

09.01.2022 Now that 2020 is coming to an end (nearly) we want to take the time to say a big thank you to you guys has our followers and all of our lovely clients for an unforgettable year. We wish all of you a very Merry Christmas & a Happy New Year. Looking forward to seeing you all in 2021!

08.01.2022 Let us help you with your next tax return, we now have a new booking page so you can jump on at any time and book an appointment with Belinda or Scott. Belinda Tonna: https://higginstonna.youcanbook.me Scott Higgins: https://scotthiggins.youcanbook.me

07.01.2022 Did you know accounting fees can be claimed has a tax deduction in the next years tax return? Book in to see us today!

07.01.2022 Each month we send out a newsletter updating all of our clients on any new information brought to light by the ATO or anything that is relevant to accounting. If you want to be added to our newsletter please DM us your email address so you can stay informed with any new information. Inside this month we explore 2021 Risks & Opportunities - the focus of Government incentives, Australia’s relationship with China, and more!... Happy reading & Happy Friday to all of our lovely followers! https://higginstonna.com.au/higgins-tonna-co-december-2020/

07.01.2022 7 simple tips to rock your Christmas Budget 1. Allocate what you have to spend on presents (that is within your means) 2. Write a list and check it twice, this makes it easier to not only remember everyone in your family but it makes you think long and hard about what each person might like ... 3. Create a family Kris Kringle for adults to reduce costs and only buy for each child instead (because kids are what Christmas magic is all about) 4. Utilise free family events in your local area, whether it's going for a drive to see Christmas lights or attending a free elf workshop Westfield event, a quick google search can help you find some fun family friendly things to do 5. Shop online where possible to make the most of the December sales & this also stops you from going to the store and impulse buying 6. Pre-order your Christmas meals, places like delish deliveries have some great Christmas goodies which you can order in advance, so do hello fresh and it allows you to know exactly what you are getting and how much it will cost you before the day 7. Search on Pinterest & Youtube to find some innovative fun craft ideas and make some Christmas decorations for a fraction of the price

06.01.2022 At Higgins Tonna, we are very client-centric and value building strong, lasting relationships. We have a long-standing reputation within the South-West area and continue to grow our quality client base. We believe this is due to our core values of professionalism, integrity, reliability, innovation and proactivity. ... ---------------------------- For all your Accounting and Bookkeeping needs, make sure to contact us today. 02 9731 2414 higginstonna.com.au

06.01.2022 Friday Friendly Reminder - Tax deadline for anyone who lodges their own tax is tomorrow!

05.01.2022 A meme for your Monday What's one thing you might want to claim but don't know if you can? Let us know below or DM us for more information.

04.01.2022 Does my business need to pay tax on the cash flow boosts? No - these are tax-free payments. You don’t need to report or declare any cash flow boosts.

04.01.2022 Are you starting a business? Or maybe your thinking of starting one? If you answered yes to either of the above, head on over to our link below which will outline the types of business structures available and you can see which one might suit you and your needs best. https://higginstonna.com.au//Higgins-Tonna-Co-Types-of-Bus

03.01.2022 Jobkeeper rule changes for child care providers From 20 July 2020, employees who work for a child care subsidy (CCS) approved provider are no longer eligible for JobKeeper payments.

03.01.2022 Small business recovery grant A small business recovery grant of up to $3000 is available to help NSW small businesses and not-for-profits in industries highly impacted by COVID-19 to safely relaunch their operations. The grant can be used to cover expenses that will allow businesses and not-for-profits to safely re-launch, such as marketing and advertising expenses, making fit-out changes, training staff to work safely under the current health conditions, and to get financ...ial advice. To be eligible, businesses will need to: have an annual turnover of more than $75,000 and employ fewer than 20 employees have a payroll below the NSW 2019-20 payroll tax threshold of $900,000 be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020 have experienced at least 30% decline in turnover have costs associated with safely reopening or up-scaling your business from 1 July 2020. Highly impacted industries Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include: Retail trade Accommodation and food service Rental, hiring and real estate services Administrative and support services Arts and recreation services. For further eligibility criteria, the full list of eligible industries and the application form, visit Apply for a small business COVID-19 recovery grant. See more