Omega Tax & Accounting in Mindarie, Western Australia | Tax preparation service

Omega Tax & Accounting

Locality: Mindarie, Western Australia

Phone: +61 8 9562 0526

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• Tax preparation service
• Accountant
• Financial service
• Business consultant

25.01.2022 Have you been thinking about changing to Xero? There is now a special offer of 50% off for four months on new subscriptions to Xero Business Edition plans. The promotion is available up to 31, August 2020! We can assist with setup or, in some cases, conversion of data from another accounting program. ... If you would like to know more, please contact us on (08) 9562 0526 or via email at [email protected]. #Omega #Tax #Accounting #SME #SmallBusiness #SmallBusinessOwner #Perth #Mindarie #Xero #Software

23.01.2022 Earlier this month, the government announced it would extend the $150,000 instant asset write-off until 31 December 2020. If you've purchased or are planning to purchase assets for your business, you may be eligible to claim an immediate deduction for assets less than $150,000. For more information, visit ATO's website: https://bit.ly/2B3zEtL... #ATO #InstantAssetWriteOff #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

19.01.2022 Back in April 2020, the ATO announced that a 'shortcut' method was to be made available to use from 1 March 2020 until 30 June 2020, for individuals claiming home office expenses due to COVID-19. The ATO has recently announced an extension of this shortcut method to also include 1 July 2020 to 30 September 2020. In summary, a taxpayer can claim a deduction of 80 cents for each hour they work from home due to COVID-19, as long as the individual is: Working from home to fulfi...ll their employment duties and not just carrying out minimal tasks such as occasionally checking emails or taking calls; and Incurring additional deductible running expenses as a result of working from home. For more details, please visit: https://bit.ly/3is1GPw Need help? Simply call us on (08) 9562 0526 or email at [email protected]. #ATO #TaxTime #HomeOffice #WorkFromHome #WorkingRemotely #COVID #Expenses #ShortcutMethod #TaxPayer #Omega #Tax #Accounting #Perth #Mindarie

18.01.2022 Business clients: If you've paid a tradie or other contractor in the last year, you might need to lodge a Taxable Payments Annual Report (TPAR) by 28 August, if you are a business providing: Building and Construction services Cleaning services Courier services Road Freight services... Information Technology services Security, Investigation or Surveillance services Mixed services from list above. If you’re unsure whether you need to lodge a TPAR, check the ATO website to see what's covered: https://bit.ly/2VZQVej As always - if you need assistance, we can help. Simply call us on (08) 9562 0526 or email at [email protected]. #ATO #TaxTime #TPAR #Tradies #Contractor #Building #Construction #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

17.01.2022 Enjoy a safe and happy long weekend, Western Australia! Our office will be closed today to acknowledge the public holiday (Queen's Birthday), but will reopen tomorrow - 29 September, to serve all your tax and accounting needs. #Omega #Tax #Accounting #QueensBirthday #LongWeekend #PublicHoliday #Mindarie #Perth #WA #Australia

15.01.2022 Today is R U OK? Day. It is a national day of action dedicated to reminding everyone that any day is the day to ask, Are you ok? and support those struggling with life, anxiety, or depression. We all understand that businesses are going through a tough time right now - COVID or not, life can be hard. So let's remember to check in with the people in our lives. If you’re worried about someone, ask the question "R U OK?". A conversation could change a life.... For more information, or to download useful resources, visit www.ruok.org.au. #Omega #Tax #Accounting #Mindarie #RUOKDAY #RUOK #LetsTalk #MentalHealth #Australia #Entrepreneurship #SMEs #SmallBusinesses

14.01.2022 As expected, it is a busy time for tax agents with BAS, Jobkeeper and Income Tax returns, however, we aim to complete individual income tax returns within two weeks of receipt of all information. No need to rush - Taxpayers are requested to hold off lodging their tax returns as COVID-19 throws up new variables this tax time. Please note: If there is no urgency, then most of our clients should have till 17 May, 2021 to lodge and pay. ... #ATO #TaxTime #WaitAWhile #NoRush #COVID19 #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

10.01.2022 This tax time will be unlike any other, and it promises to be one of the most challenging yet. The 201920 financial year has seen our country, our people, our wildlife and our land affected by unprecedented events. From drought and water shortages, to severe bushfires and more recently the COVID-19 pandemic every Australian has been affected in some way. To make things as easy as possible, the ATO have prepared some great toolkits to assist you during this tax time. The ...toolkits have been designed to give you the information needed to lodge correctly, and avoid delays in the processing of returns. There are multiple kits available for different industries and occupations. They all provide occupation-specific tips, as well as practical and tailored information about common claims, keeping the right records, and tips on how to avoid common mistakes. Visit this link to find the toolkit right for you: https://bit.ly/2ZJMFRm #ATO #TaxTime #Toolkits #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

09.01.2022 Existing JobKeeper changes legislated, it may benefit more people such as people employed after 1 March 2020.

07.01.2022 JobKeeper extended but tighter tests, seems few businesses in WA may qualify for this

06.01.2022 The ATO has now announced a number of deduction hotspots that it will pay close attention to this year, in light of COVID-19. The Tax Office has begun bracing for a substantially different tax time this year, noting that it will likely see a flow-on effect from COVID-19 restrictions on work-related expenses claims. ATO Assistant Commissioner Karen Foat, has urged taxpayers to reduce claims for work-related expenses in the last quarter of the 201920 year, that would have be...en impacted by government-mandated restrictions imposed as a result of COVID-19. Read more here: https://bit.ly/3gB1v3m #ATO #TaxTime #Deductions #Hotspots #COVID19 #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

06.01.2022 Taxpayers are requested to hold off lodging their tax returns for at least a few weeks as COVID-19 throws up new variables this tax time. Individual taxpayers are expected to rush in to lodge their returns early this year as they look to secure refunds, as well as the up to $1,080 Low and Middle Income Tax Offset (LMITO). A range of COVID-19-related payments including JobKeeper, JobSeeker and the cash-flow boost will come into play this tax time, alongside other pandemic-re...lated variables that are set to impact claims. Our strong message is to wait for the information to become available, before you lodge; otherwise, you may end up with an unexpected tax bill and angst down the track. Discrepancies will create reverse workflow and expose taxpayers to interest and/or penalties, says Mr Conway, Chief Executive of the Institute of Public Accountants. Read the full article here: https://bit.ly/2ZRSV9E #ATO #TaxTime #WaitAWhile #DontRush #COVID19 #SmallBusiness #SmallBusinessOwner #SME #Omega #Tax #Accounting #Perth #Mindarie

04.01.2022 While ATO audit activity is significantly down on previous years due to COVID-19, JobKeeper reviews have continued to feature over the last few months as the Tax Office looks to weed out fraudulent arrangements. The Tax Office will be looking for validation on statements such as employee details, and bank statements, records of payslips, employee JobKeeper nomination forms, employment declaration forms, and contracts of employment etc. BASs that had been previously been sub...mitted with no wages or sales on them (and now have been changed to include these), will be flagged - such JobKeeper reviews have seen the ATO place 24,000 businesses in suppression where these applications have been held up until further eligibility proof is provided by the applicant. The ATO is so data-rich. For employer obligations and JobKeeper issues, the obvious is that it doesn’t pay to try and engineer a position. My advice is that it’s just not worth it, says Accountancy Insurance director, Roman Kaczynski. Read the full article here: https://bit.ly/2FVTDws #Omega #Mindarie #SmallBusinesses #SME #ATO #BAS #TaxTime #Audit #JobKeeper #Employer #Obligations