Karolidis & Co in Glenroy, Victoria | Tax preparation service

Karolidis & Co

Locality: Glenroy, Victoria

Phone: +61 3 9942 7790

Address: Shops 2 & 3, 785 Pascoe vale road 3046 Glenroy, Victoria

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

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• Tax preparation service
• Accountant
• Financial service
• Corporate lawyer

25.01.2022 We are seeing an increase in firms agreeing to conduct their settlement online, we expect this is because electronic settlement is soon becoming compulsory for all properties in Victoria. We are looking forward to conducting all our conveyancing files electronically, as our experience indicates there are many benefits for the firm and our clients.

25.01.2022 The Sale of Land Amendment Bill 2018 was passed by Parliament where specific reforms have been implemented regarding the Sunset clause. This will have an affect anyone buying or selling property Off The Plan.

24.01.2022 Tax changes you may face in the New Financial Year Everyday Australians are set to experience several changes in the new financial year that has commenced from 01 July 2019. The tax changes are introduced as a result of the most recent federal budget and are set to affect every Australian individual, family and corporation in one way or another. ... Read below to find out how and what changes implemented or to be implemented will affect you.

24.01.2022 Karolidis & Co specialise in cost effective legal and accounting services to investors and small/medium business. The award-winning team of Dihanna, Victoria, ...Nick, Marika and Dajana provide advice on banking and finance; structuring (business and property); start-up advice; property law and conveyancing; business and commercial law; business sales and purchases; wills & estates; tax advice and compliance and probate/deceased estates. You will find the team at shops 2 & 3, 785 Pascoe Vale Road, Glenroy (enter from Lytton St). Karolidis & Co - Lawyers and Accountants https://karolidis.com.au/ #enjoyglenroy

23.01.2022 Nick Karolidis from Karolidis & Co - Lawyers and Accountants, joins Marcus on 5 in 5 to ask about the upcoming features coming to PEXA and to explain what he and his firm are doing to increase the likelihood of successful settlements.

22.01.2022 Australians are being urged to wait a few weeks before lodging their returns to give stressed-out tax office staff some breathing space amid an unprecedented tidal wave of phone calls.

21.01.2022 There is an assumption that if purchasers do not obtain finance approval by the due date, then the contract is automatically at an end and that their deposit will be returned. However, it is not this simple and there are risks involved. The subject to finance clause includes a general condition which specifies that the purchaser will use its best endeavours to apply for and do everything necessary to obtain the loan. If this term is not satisfied by the finance approval due date, the contract may still become unconditional. You must also be aware of special conditions in your contract which can alter the general position.

21.01.2022 Dont make these mistakes please! See a tax agent/lawyer if unsure! "A couple of taxpayers claimed dental expenses, believing a nice smile was essential to finding a job - and was therefore deductible. It isnt and their claims were disallowed." "Another taxpayer claimed the Lego sets they bought as gifts for their children. Unsurprisingly, this claim was disallowed. Personal gifts dont qualify, and its not okay to ask Australian taxpayers to subsidise presents."

20.01.2022 Were not your average law firm!

20.01.2022 We do! Get in touch, FY16 lodgements are due on 15 May!

19.01.2022 Cryptocurrency operates in a virtual world, and once the scammers receive payment, its virtually impossible to get it back. Scammers are constantly adapting their methods to maximise their chances of picking your pocket. Unfortunately it was inevitable that scammers would target cryptocurrency given its current popularity and anonymity.

18.01.2022 Don't make these mistakes please! See a tax agent/lawyer if unsure! "A couple of taxpayers claimed dental expenses, believing a nice smile was essential to finding a job - and was therefore deductible. It isn't and their claims were disallowed." "Another taxpayer claimed the Lego sets they bought as gifts for their children. Unsurprisingly, this claim was disallowed. Personal gifts don't qualify, and it's not okay to ask Australian taxpayers to subsidise presents."

17.01.2022 With our new site launching over the weekend, were looking forward to assisting a larger number of individuals, investors and businesses in Melbourne and across Australia. Wed love any feedback on the new site from our existing and potential clientele.

17.01.2022 Karolidis & Co have been chosen as a finalist for the PEXA PropertyX Awards 2019. Now in its second year, these prestigious awards celebrate industry leaders who spearhead transformation within the digital settlement landscape. As a boutique law firm, were proud to be selected as a finalist, among the likes of HWL and Holding Redlich, indicating that boutique firms can provide terrific service comparable to the large firms! ... Congrats to all other finalists and were looking forward to the event in May!

16.01.2022 A warning for those using dodgy agents. Unfortunately the buck (and penalties!) stops with the taxpayer. Always ensure claims are substantiated and use a reputable agent.

16.01.2022 "...every purchase you make online from large organisations, whether it be from ASOS or from a large eBay seller situated in the U.S. or Asia, youll be paying an additional 10% of the purchase price"

14.01.2022 Its that time of the year again!

14.01.2022 Estate planning can often be a confronting topic to discuss. However, many undervalue the importance of doing so and having a valid up to date will. Besides the fact that it would lighten the burden on your family during a time of mourning the importance includes: Allowing you to choose your preferred executor who is responsible in finalising any debts or liabilities and then distributing the remainder of your estate to your beneficiaries; Gives the executor clear understandi...ng on how to carry out your affairs, as you would have wanted; Appointing your preferred beneficiaries who you intend to have a portion of your estate; Allows you to appoint a guardian for any minor children, allowing you input on who you believe would be best suited; May help minimise tax on income from the estate; Ensures your estate is settled quickly without problems; and Helps avoid unnecessary claims made against your estate.

13.01.2022 "You should always take into account asset protection and tax benefits, and the ideal structure for your property will largely depend your individual circumstances."

10.01.2022 A quick overview of common personal deductions given its almost that time already! There are plenty of others, give us a call and well guide you through the complexity.

10.01.2022 Whilst we strongly suggest seeing a professional such as us to prepare your return, having some insight into what you can and cant claim will help you keep the right records.

09.01.2022 2018/19 budget key points for our clients: $20,000 instant asset write off extended! Moderate Income tax cuts for individuals

09.01.2022 "ATO assistant commissioner Graham Whyte said with little over a month left of tax time, the message to people is not to procrastinate Give us a call on (03) 9942 7790 or email [email protected] and well take the hassle off your hands!

09.01.2022 "We can confidently say if there is a number on your caller ID its not the ATO calling you."

08.01.2022 The process of purchasing a business can be lengthy and confusing and entails a process a new business owner simply does not want to undergo alone, that is where we come in handy. Our lawyers can act on your behalf in a business purchase ensuring that the deal you are getting is in your best interests and that the process of acquiring the business is smooth.

08.01.2022 Karolidis & Co Lawyers would love your feedback. Post a review to our profile.

07.01.2022 Team is growing - additional Glenroy office + new Boardroom!

06.01.2022 One of our most frequently asked questions since the Budget! It has now passed through the Senate. Contact us if you have any questions about how this may affect your business.

05.01.2022 Please be mindful of your claims and if in doubt, seek advice! See below quotes from the assistant commissioner: If we know someone is deliberately doing the wrong thing, not only will they have to repay tax but there will also be interest on it and there can be penalties of up to 75 per cent of the missing part of the tax they should have paid in the first instance, she said.... Further than that, there can be criminal prosecution for people caught fraudulently developing their own supporting documents and things like that. We know nobody likes to get a bill from the tax man, especially not well after they have already spent their refund, so its best to do the right thing upfront.

05.01.2022 There are multiple ways in which you can structure your property purchase. Each structure has pros and cons but each should be considered when purchasing a new investment property and sometimes for the primary residence. Many of the advantages are not immediately apparent due to the long-term nature of property holdings. Given the significant tax and stamp duty costs of restructuring, you want to make sure you get it right to begin with.

02.01.2022 Good luck to all finalists - we look forward to seeing you at next weeks conference and dinner!

01.01.2022 Have you lodged your return yet? Taxpayers who use a tax agent can often lodge well beyond the 31 October deadline without penalty. The ATO gives tax agents concessional extended deadlines which mean that they can lodge returns on behalf of clients up to 15 May 2018 without incurring any penalty.

01.01.2022 The new office is coming along! Thanks to Red Tomatoes Signs and Graphics for the terrific signage installed this week!