Northern Accountants & Financial Planners in Bundoora, Victoria | Financial planner

Northern Accountants & Financial Planners

Locality: Bundoora, Victoria

Phone: 9466 7532

Address: Level 2 Suite 16 240 Plenty Road Bundoora 3083 Bundoora, VIC, Australia

Website: http://www.nafp.net.au

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• Accountant
• Financial planner

25.01.2022 If you’re a travel agent, you know the job can come with perks like end-of-year conferences and familiarisation travel to learn about new products and destina...tions! You may be able to claim a deduction for certain travel expenses (such as meals, flights and taxis) if you meet a couple of key requirements. You also need to satisfy all three golden rules: 1. You paid for the expense yourself and weren’t reimbursed 2. The expense was directly related to earning your income 3. You have a record to prove it. Keep in mind you can’t claim your passport fees, travel insurance, or the cost of taking friends or family with you on a work trip. Read more in our tailored deductions guide for travel agents at www.ato.gov.au//Travel-agent-employees---income-and-work/

24.01.2022 Personal trainers, sports and fitness pros: Feel a weight on your shoulders at tax time? Our deductions tips will lighten the load You can claim equipment y...ou use to earn your income, the cost of cleaning distinctive uniforms, and car expenses if you drive between separate jobs on the same day (eg driving from the gym you work at to your second job as an umpire). You cant claim your gym fees, supplements, protein shakes or conventional exercise clothing. For more examples, check out our info and downloadable deductions guide at www.ato.gov.au//Fitness-and-sporting-industry-employees-/

24.01.2022 Tax season is here! Book now on our website or give us call on 9466 7532 https://www.nafp.net.au/tax-season-2019... Appointments are available within the following time frames: Monday : 9am - 7pm Tuesday : 9am - 4pm Wednesday : 9am - 7pm Thursday : 9am - 4pm Friday : 9am - 6pm Alternate Saturdays : 9am - 2pm

23.01.2022 $20,000 instant tax write-off for Small Business' Call us to find out how https://www.ato.gov.au//L/$20,000-instant-asset-write-off/

22.01.2022 Although the troubling times of the COVID-19 outbreak, have a read of the Governments Economic Response to the outbreak

20.01.2022 Are you paying too much tax without knowing it? YES YOU ARE! We guarantee that we can minimize you money so you can keep more cash in your pocket, rather than give it to the ATO unnecessarily. Just a quick, no-obligation chat can save you $$$$! http://nafp.net.au/taxes

20.01.2022 If youre a travel agent, you know the job can come with perks like end-of-year conferences and familiarisation travel to learn about new products and destina...tions! You may be able to claim a deduction for certain travel expenses (such as meals, flights and taxis) if you meet a couple of key requirements. You also need to satisfy all three golden rules: 1. You paid for the expense yourself and werent reimbursed 2. The expense was directly related to earning your income 3. You have a record to prove it. Keep in mind you cant claim your passport fees, travel insurance, or the cost of taking friends or family with you on a work trip. Read more in our tailored deductions guide for travel agents at www.ato.gov.au//Travel-agent-employees---income-and-work/

19.01.2022 Tim has to buy tools for his job as a tradie, which means he can claim a deduction on his tax return. If youre a builder, plumber, sparkie, mechanic or other k...ind of tradie, you generally: Can claim the cost of travel while working, including trips between sites Can claim the cost of protective clothes youre required to wear (eg steel-capped boots) Can claim the work-related portion of your phone expenses if you have to make calls or send texts for work Cant claim the cost of driving from home to work, except in limited circumstances Cant claim a deduction for plain clothes (eg t-shirt, jeans) even if your boss tells you to wear them. Find even more info in our guides at www.ato.gov.au//In/Occupation-and-industry-specific-guides

18.01.2022 If anyone wishes to claim a Personal Super contribution deduction, you must:- 1. File a notice of intent to claim a personal super contribution with your nominated Super Fund 2. Once you have received the confirmation letter from your nominated Super Fund you will be able to claim a deduction

18.01.2022 Self-Managed Super Funds (SMSF) What is a Self- Managed Super Fund? Self-Managed Super Funds are a special type of Fund which, unlike a Retail or Industry Fund, is managed and controlled by you, as Trustee of the Fund. The SMSF can contain one to four members, each with a controlling interest in the fund. You have total control over the investment of your contribution and have access to more investment options than with other Funds. YOU choose where to invest your money. We are Certified Accountants, Taxation Specialists and Financial Advisers; therefore, we are in a prime position to help you create an investment strategy to ensure your retirement or building wealth will be achieved. Call our office now for a free 1-hour consultation on (03) 9466 7532

17.01.2022 SCAM ALERT Beware if the following 2 numbers have tried contacting you, they are a scam and block immediately! 6216 1111 and 1800 467 033... Scammers are using technology to make it look like the calls originate from a legitimate ATO phone number. This number may appear on caller ID, be left on voice mail messages for call backs, or directed by *69 for call back functionality. Scammers do this to make the calls seem more valid when they call people a second time. While these scam calls may appear to be from the ATO with a spoofed caller ID, it is important to remember that a legitimate caller from the ATO will never: - threaten you with arrest - demand immediate payment, particularly through unusual means such as bitcoin, pre-paid credit cards or gift cards - refuse to allow you to speak with a trusted advisor or your regular tax agent - or present a phone number on caller ID. Never call a scammer back on the number they provide.

16.01.2022 Increasing fuel tax credits for small businesses.

15.01.2022 Reminder: Individual Income Tax Returns must be lodged by 31st October 2018. Get in early to avoid penalties for late lodgment. Call our office today for an appointment with one of our professional and friendly staff: (03) 9466 7532 or email your documents to [email protected] and we can complete and email back to you.

12.01.2022 Do you want to keep more money in your pocket? Let Northern Accountants & Financial Planners help you.

11.01.2022 Low and middle income tax offset now law In the 2019/2020 Federal Budget the Government announced its intention to change and build on the Personal Income Tax Plan. These changes are now law. From the 2018/2019 income year... The low and middle income tax offset increases from a maximum amount of $530 to $1080 per annum and the base amount increases from $200 to $225 per annum payers with a taxable income Taxpayers with a taxable income: - Of $37,000 or below can now receive a low and middle income offset of up to $225 - Above $37,000 and below $48,000 can now receive $225, plus amount equal to7.5% to the maximum offset of $1,080 - Above $45,000 and below $90,000 are now eligible for the maximum low and middle income tax offset of $1,080 - Above $90,000 but is no more than $126,000 are now eligible for a low and middle income tax offset of $1,080, less an amount equal to three per cent of the excess.

09.01.2022 Employers: Its time to move to Single Touch Payroll! Join our webinar on 26 September to hear about: Transition options What to do if you wont be ready by... 30 September How to avoid some common mistakes Register now to secure your spot: https://publish.viostream.com/app/s-nu1tj1e

09.01.2022 HELP (Higher Education Support) UPDATE: Legislation has been proposed to establish a new minimum repayment income threshold of $41,999 with a 1% repayment rate. The new threshold may come in to affect from the 2019 Income year. If you have any queries or questions on how this will impact you, please contact our office on: 9466 7532

09.01.2022 Please be aware that the ATO system is down at this current stage. We are working hard to get through all your returns, however this is causing a slit delay.

06.01.2022 Rental property owners: Looking for tips to help you claim deductions and lodge this tax time? Our new rentals toolkit features a range of practical info to hel...p you get your tax return right! Learn all about the different kinds of expenses you can claim, records to keep, income you need to declare and how tax applies when renting out all or part of your home. Find the toolkit at www.ato.gov.au///Tax-Time-Toolkit---Rental-property-owners

05.01.2022 ASIC Company Statement Each year you will receive an annual statement shorty after the annual review date (this is usually the date you registered your company). The annual statement will include your company's current details and an invoice for your company review fee. This fee must be paid within two months of the review date. Late fees apply if Annual statement are paid late. ... If there have been any changes to your company for example: moved to a new address, the company has changed its share structure or appointment/ Cessation of Director etc, please advise our office as soon as possible. We will update these changes to avoid your company any penalties for incorrect information. If you have not received your annual statement within a week of your review date, please contact our office.

04.01.2022 Employers: It’s time to move to Single Touch Payroll! Join our webinar on 26 September to hear about: Transition options What to do if you won’t be ready by... 30 September How to avoid some common mistakes Register now to secure your spot: https://publish.viostream.com/app/s-nu1tj1e

03.01.2022 Deputy Commissioner Small Business Deborah Jenkins discusses our release of small business income tax performance data today. Watch her video and visit www.ato.gov.au/General/Tax-and-small-business/ for more information.

01.01.2022 At NAFP we ensure that we meet all the ATO requirements. https://www.ato.gov.au//ATO-guide-to-the-5-most-common-Ta/