Lia & Nicholas Accountants in The Rocks, Sydney | Consultation agency

Lia & Nicholas Accountants

Locality: The Rocks, Sydney

Phone: +61 2 8007 5549

Address: Located in Sydney CBD 2000 The Rocks, NSW, Australia

Website: http://lianic.com.au

Likes: 219

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• Tax preparation service
• Consultation agency
• Accountant
• Financial service

25.01.2022 # New working holiday makers tax table From 1 January 2017 tax rates are changing for working holiday makers who hold 417 and 462 visas. These rates are known as working holiday maker tax rates. What you need to do:... If you employ a working holiday maker who is in Australia on a 417 or 462 visa, you: must register with the ATO to withhold at the working holiday maker tax rate can visit border.gov.au/vevo to check your worker has a 417 or 462 visa using the Visa Entitlement Verification Online service must withhold tax at 15% on income up to $37,000 and apply foreign resident tax rates on income over $37,000. What happens next The working holiday tax rates only apply to income earned from 1 January 2017. If you currently employ working holiday makers you'll need to issue two payment summaries this year: one for the period to 31 December 2016 a second for any period to 30 June 2017.

25.01.2022 Follow us on linkedIn

23.01.2022 2018/19 Federal Budget - Individuals and Business The 2018 Federal Budget was announced last night on the 8th May 2018, highlighting changes across Individuals, Super Funds, Trusts, GST and potential impacts for small business owners. We will first outline the changes to Personal and Business taxpayers....Continue reading

23.01.2022 We are excited to be celebrating turning 3. It has been a journey filled with passion for what we do, to assist people and businesses improve and grow.

23.01.2022 11 policies that will affect Small and Medium Enterprises

19.01.2022 Weekly Tax Tips # Medicare Levy Surcharge If you do not have private health insurance you may be liable to pay the surcharge unless exempt. The best way to avoid the surcharge is to obtain private family health cover. This must be for hospital cover and not just ancillaries.... If an Individuals taxable income is above the base amount they will be charged 1% surcharge and as far up to 1.5% when their taxable income reaches $140,000 and above for singles. The thresholds for couples starts at a base amount of $180,000 combined taxable income at 1% and 1.5% for taxable income of $280,000 and above.

19.01.2022 We are happy to announce that we are now a Xero Certified Partner. Assisting businesses in their every day bookkeeping just became a lot more easier with cloud based accounting and training provided to all our customers.

19.01.2022 Here are 14 areas that you need to watch out for in 2017 that affect Australia's small and medium businesses.

17.01.2022 Interest rate increase by the Commonwealth Bank for Investor Home Loans on Standard Variable loans and Viridian Line of Credit. No changes have been made to interest rates for owner occupiers.

17.01.2022 Sick Leave How to prepare your business for employees taking sick leave.

16.01.2022 #Work Christmas Parties It is that time of year again for Office parties celebrating the holidays and festive season. Make sure to get advice on how much you are spending this Christmas to make sure firstly you can claim the expense and secondly that you don't need to pay any additional tax if it exceeds a certain dollar amount.

16.01.2022 Keeping records from the start is important for Accountants to calculate your total CGT gain or loss.

16.01.2022 Make sure to keep all your receipts and records in order over the holiday season.

15.01.2022 # Trust in the work environment When it comes to personal or business relationships trust is a very important factor and is the heart of great work relationships. Finding the right business connections/employees/partners for you can make anyone feel insecure, which is why finding the right people who hold these important key factors is crucial: - Trustworthy - Reliable... - Ethical - Discrete - positive communication See more

12.01.2022 Weekly Tax Tip # Donations - Timing You may consider spreading large donations over 2 or... more years making proper reference to your estimated taxable income. Do not donate more than it takes to get to the tax free threshold. # Donations v Purchases If you give to a charity but receive something for the money spent, this is considered to be a purchase and not a donation. The amount spent is non tax deductible. An example is raffle tickets. You may wish to simply make a donation and claim a tax deduction.

11.01.2022 Help reduce your HECS/HELP loan. Contact us for assistance

11.01.2022 Happy New Year to all. Hope everyone had a great break. Time to get stuck into 2017

10.01.2022 Fundraising for Heart Health We are holding a charity walk for 10 km on Sunday the 14th May 2017 to raise funds for the Heart Foundation. Please join us in helping in a good cause and visit our donation page through the link below.... https://give.everydayhero.com//lia-and-nicholas-walk-for-h

09.01.2022 Federal Budget 2017 changes released

09.01.2022 Preparing for the Holiday Season by getting your paperwork in order. If you have not done your Tax Return yet contact us on 0280075549 or send us an email to get your refund back before Christmas.

09.01.2022 Happy New Financial year !! With the new year started dont forget to have your paperwork ready to send to your Accountant for Individuals, Sole Traders, Partnerships, Companies, Trusts and Superfunds Tax Returns to be completed. Make sure your getting the best service for your business health. Preparing regular financial health checks can keep your business booming and identify areas of weakness.... Call us on 02 80075549 to speak to one of our Accountants and start fresh.

07.01.2022 # Employees Claiming Christmas Gifts given to clients You can claim a deduction for the cost of gifts bought for work purposes if you are a salesperson or property manager entitled to receive your income from commission or both commission and retainer. You cannot claim a deduction if you earn a fixed income and you are not entitled to earn a commission. Gifts you can claim include:... a Christmas hamper a bottle of whisky wine gift vouchers a bottle of perfume flowers a pen set. Gifts you cannot claim are tickets to: the theatre a live play a sporting event a movie a holiday, including an airline ticket an amusement centre. These gifts are in the form of entertainment and are not deductible. Please ensure you ask for advice on how much you can spend per client and confirm if what you are buying is actually claimable. Happy Shopping!

06.01.2022 Weekly Tax Tip # Work Christmas party When it comes to planning a work Christmas party for your employees you will need to consider if you have to pay fringe benefits tax (FBT).... You will have to consider - how much it costs - where and when it is held - a party at work on a normal business day is treated differently to an event outside of work - who is invited - is it just employees or are partners, clients or suppliers also invited?

05.01.2022 Small and Medium Enterprises could cop even higher fees if ASIC registry sale goes through A growing number of voices are speaking out against the federal governments proposal to privatise the corporate registry run by the Australian Securities and Investments Commission (ASIC), with some saying small businesses could face higher fees and a more confusing process if a sale goes through. The government has decided to abandon the plan, given a privatisation process would end up costing the Commonwealth money

05.01.2022 We have reached over 200 likes and the team at Lia and Nicholas wish to extend a thank you to all our followers for supporting our page and our business. Hope you are all having a fantastic week!

04.01.2022 Finally proud to announce our Company website is now up and running. Its been a long time in the making. Please let us now what you think http://lianic.com.au

03.01.2022 Weekly tax tip Client Gifts An income tax deduction is available for gifts of alcohol or food hampers provided to clients provided they are taken away for private consumption. ... This means gifts made where there is immediate consumption such as in a restaurant are not deductible. Gifts of other items such as cosmetics and perfumes are also tax deductible and input tax credits may be claimed.

02.01.2022 Help save a life today. Support heart health and make a small donation. Even if it is something small every dollar counts.

02.01.2022 End of financial year is around the corner. Get in touch with our team to find out how we can help you make Tax time easy this year by calling on 02 8007 5548 or email at [email protected]

02.01.2022 Under new tax regulations coming into effect next year, overseas businesses with an annual turnover of $75,000 or more will be required under Australian law to register with the ATO to collect GST on all goods sold, including purchases under the current low-value threshold of $1000. The group warned that the Federal Government was exploring the option of blocking websites that fail to co-operate which will disadvantage Australian consumers.