Nanak Accountants & Associates in Melbourne, Victoria, Australia | Accountant

Nanak Accountants & Associates

Locality: Melbourne, Victoria, Australia

Phone: +61 1300 626 258

Address: 1/12 Lytton st, Glenroy 3046 Melbourne, VIC, Australia

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

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20.01.2022 The gains, losses, and income generated from your crypto investment activity need to be reported on your taxes. Need help with your Crypto Taxes? Then, Contact Certified Cryptocurrency Expert (CCE)

20.01.2022 2021 Australia Budget Tax-related measures announced included: Personal tax rates - no changes were made to personal tax rates. The Stage 3 personal income tax cuts remain unchanged and will commence in 2024-25 as already legislated.... LMITO retained for 2021-22 - provides a reduction in tax of up to $1,080. Not a tax cut, the avoidance of an increase. Temporary full expensing extended - the Government will extend the 2020-21 temporary full expensing measures for 12 months until 30 June 2023 - businesses with aggregated annual turnover or total income of less than $5 billion to deduct the full cost of eligible depreciable assets of any value, acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023. Individual residency test reformed - the Government will replace the existing tests for the tax residency of individuals with a primary "bright line" test under which a person who is physically present in Australia for 183 days or more in any income year will be an Australian tax resident. Loss carry-back extended - the loss years in respect of which an eligible company (aggregated annual turnover of up to $5 billion) can currently carry back a tax loss (2019-20, 2020-21 and 2021-22) will be extended to include the 2022-23 income year. Employee share schemes - the Government will remove the cessation of employment as a taxing point for the tax- deferred employee share schemes. ATO debt recovery - the AAT will be given the power to pause or modify ATO debt recovery action in relation to disputed debts of small businesses. Self-education expenses - $250 threshold to be removed.

19.01.2022 ‘ , , - , , , - ’ ! ... . , , , ! - ! +61 410 271 149 [email protected] www.nanakaccountants.com.au #chaarsahibzadey #shaheedidiwas

15.01.2022 As your business grows, your accounting requirements also grow with it. Nanak Accountants & Associates can assist with your personal and company taxation with ease. Relax and leave the accounting to us!

12.01.2022 We are experiencing higher than normal call volumes today. Apologies if we missed your call. We are open on the Weekend Thank YouWe are experiencing higher than normal call volumes today. Apologies if we missed your call. We are open on the Weekend Thank You

08.01.2022 Nanak Accountants wishes you and your family Eid Mubarak. Contact us: 1300 626 258... www.nanakaccountants.com.au [email protected] #eidmubarak #eid #eid2021 #eidfestival

07.01.2022 May this Gurpurab bring happiness and joy to you and your family! Happy Gurpurab!

05.01.2022 We provide quality professional services in: *Tax Returns & Tax Planning * Work from Home expense report ... *GST & BAS * Cryptocurrency Tax report * Payroll & Superannuation *Bookkeeping and Accounting * Company and Trust set -up * Business plans & Cash flow projections Get in touch with us to find out how our expert accounting services can help your business achieve its financial goals.

03.01.2022 2021 ... , : 0410 271 149 [email protected] www.nanakaccountants.com.au

03.01.2022 A NSW man was handed a criminal conviction and fined $1,500 yesterday after claiming false work-related expenses on his tax return The bank exec claimed more... than $15,000 in travel expenses for ‘overseas conferences’ even though he hadn’t left the country that financial year! If you’re thinking of claiming work-related deductions, remember to follow the three golden rules: You must have spent the money yourself and weren’t reimbursed It must directly relate to earning your income You must have a record to prove it. To find out more about the case and why it’s important to double check your claims, head to www.ato.gov.au//Case-s/Tax-crime-prosecution-case-studies/

02.01.2022 The most valuable gift we received from all our clients is mutual respect, trust, loyalty and friendship and we strive to do the same. Merry Christmas and happy new year to everyone. 2021 looks good