Success Tax Professionals Coburg in Melbourne, Victoria, Australia | Financial service

Success Tax Professionals Coburg

Locality: Melbourne, Victoria, Australia

Phone: +61 469 663 776

Address: 235 Sydney Road, Coburg 3058 Melbourne, VIC, Australia

Website: www.stptax.com/coburg

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23.01.2022 TAX RETURNS 2020

23.01.2022 Qualified Accountants and Registered Tax Agents ... Providing all tax and accounting services ...

23.01.2022 Full time local accounting firm providing personalized service, member of Success Tax Professional Group of Accountants. Make an appointment today with registered accountants.

22.01.2022 Australian Government’s $189 Billion Stimulus Package Support for Individuals and Households 1. Income support for individuals...Continue reading

20.01.2022 Australian Governments $189 Billion Stimulus Package Support for Individuals and Households 1. Income support for individuals...Continue reading

13.01.2022 Government Coronavirus Stimulus Package The Government’s $17.6 billion economic stimulus package has the following key tax measures: 1. Boost cash flow for employers by up to $25,000 with a minimum payment of $2,000. ... Businesses that employ staff between 1st January 2020 and 30th June 2020 will receive payments of 50% of their Business Activity Statements or Instalment Activity Statement PAYG withholding tax. The payments will be tax-free and apply to businesses with a turnover of less than $50 million. Businesses that pay wages and are not required to withholding any tax will still receive a minimum payment of $2,000. 2. Instant asset write-off increased to $150,000. Applies until 30th June 2020 for businesses with a turnover of less than $500 million. For example, assets that may be able to be immediately written-off are a concrete tank for a builder, a tractor for a farming business, and a truck for a delivery business. 3. Investment incentive accelerates depreciation deductions through to 30th June 2021. Businesses with a turnover of less than $500 million will be able to immediately deduct 50% of the cost of the asset on installation, with existing depreciation rules applying to the balance of the asset’s cost. 4. Apprentice and trainee wage subsidy. Eligible employers can apply for a wage subsidy of 50% of the apprentices and trainees wage for up to 9 months from 1st January 2020 to 30th September 2020. 5. Tax-free payments of $750. Applies to 6.5 million social security, veterans, and other income support recipients and eligible concessional card holders residing in Australia.

10.01.2022 We offer full range of Taxation Services.

09.01.2022 http://amp.abc.net.au/article/11283184

08.01.2022 https://www.accountantsdaily.com.au//14055-new-law-the-dir

07.01.2022 Income Support for Sole Traders Overview The Federal Government has established a new, timelimited Coronavirus supplement to be paid at a rate of $550 per fortnight. Payments will commence from 27 April 2020. This supplement will apply to both existing and new recipients of the eligible payment categories. These changes will apply for the next six months and will not be income tested. Expanded access: Jobseeker Payment and Youth Allowance Jobseeker criteria will provide pa...yment access for permanent employees who are stood down or lose their employment. The expanded eligibility applies to: sole traders the selfemployed casual workers contract workers who meet the income tests Example Chris is a sole trader, running an architecture practice. The economic downturn due to Coronavirus has adversely affected Chris business, and his revenue has fallen dramatically. Chris will be able to apply for the new JobSeeker / Coronavirus supplement and will not have his assets included as part of the eligibility assessment for the payment. Chris is eligible for the Jobseeker payment and, as he is married, will receive: JobSeeker Payment partnered rate of $510.80 per fortnight; plus Energy Supplement of $7.90 per fortnight; plus Coronavirus supplement of $550 per fortnight Chris total fortnightly income support payment is $1,068.70. Conditions Reduced means-testing: Asset testing will be waived for the period of the Coronavirus supplement. Income testing will still apply to the persons other payments, consistent with current arrangements. People will not be eligible for the payments if they are still receiving annual leave, sick leave or income protection insurance. Sole traders that become eligible for the Jobseeker Payment will automatically meet their mutual obligation requirements during this period by continuing to develop and sustain their business.

06.01.2022 Tax Planning Concept With our Tax Planning Review service we use our tax saving strategies to save you tax (on average $3,000 $10,000 pa, but up to $100,000 pa) Basic Principles Our Tax Planning Review service is suitable for employees, investors and business owners. For only $500 you will receive a personalised Tax Savings Report which includes all the tax saving strategies that are applicable to you, the implementation process for each strategy, and your estimated total t...ax savings. Also, included is a face to face or online consultation to discuss your Tax Savings Report and ensure the strategies are implemented. Tax Planning can be very involved and is always specific Here are some examples: Do you know: How to negatively gear your family home? How to make private motor vehicle expenses tax deductible and save a minimum of $2700 tax per year? How to make home to work travel tax deductible? How to make some meals tax deductible with an average tax savings of $1500 per year? How to reduce or eliminate super guarantee payments to staff and contractors and save paying the 9.5% super? How to sell your business and pay no tax? How to employ the family and save tax? All the Fringe Benefit Tax Savings you are entitled to? See more

02.01.2022 5 tax tips when renovating property Renovations and repairs can boost the capital value and rental yield of an investment property, but they can also have tax implications, so before reading up on renovation tips, investors should seek expert tax advice. Property investors need to know the tax implications of renovating because there can be both income tax and capital gains tax implications, and there might even be GST implications, warns Stephen Jones CPA, partner at ATM ...Consultants. It happens too often where we see people come in and say, We subdivided our block of land from our home and sold it this year. That should be all right. We say, Well, theres capital gains tax on that. Jones outlines five key tax considerations for investors planning to renovate their properties. Know the difference between repairs and renovations Get the timing right Keep detailed records Property investment advice: know the A$300 deduction rule Consider the GST implications By Christopher Niesche

01.01.2022 Government Coronavirus Stimulus Package The Governments $17.6 billion economic stimulus package has the following key tax measures: 1. Boost cash flow for employers by up to $25,000 with a minimum payment of $2,000. ... Businesses that employ staff between 1st January 2020 and 30th June 2020 will receive payments of 50% of their Business Activity Statements or Instalment Activity Statement PAYG withholding tax. The payments will be tax-free and apply to businesses with a turnover of less than $50 million. Businesses that pay wages and are not required to withholding any tax will still receive a minimum payment of $2,000. 2. Instant asset write-off increased to $150,000. Applies until 30th June 2020 for businesses with a turnover of less than $500 million. For example, assets that may be able to be immediately written-off are a concrete tank for a builder, a tractor for a farming business, and a truck for a delivery business. 3. Investment incentive accelerates depreciation deductions through to 30th June 2021. Businesses with a turnover of less than $500 million will be able to immediately deduct 50% of the cost of the asset on installation, with existing depreciation rules applying to the balance of the assets cost. 4. Apprentice and trainee wage subsidy. Eligible employers can apply for a wage subsidy of 50% of the apprentices and trainees wage for up to 9 months from 1st January 2020 to 30th September 2020. 5. Tax-free payments of $750. Applies to 6.5 million social security, veterans, and other income support recipients and eligible concessional card holders residing in Australia.