OTG Accountants in Coffs Harbour, New South Wales | Business consultant

OTG Accountants

Locality: Coffs Harbour, New South Wales

Phone: +61 2 6699 2826

Address: 16 Coramba Rd 2450 Coffs Harbour, NSW, Australia

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

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

25.01.2022 SCAM ALERT Scammers have set up a clone of the myGov website to trick you into sharing your login and bank account details, Stay Smart Online says. The scam... starts with a phishing email that looks like it is from Medicare, asking you to update your Electronic Funds Transfer (EFT) details, so you can start receiving payments for Medicare benefits and claims. If you click on the link in the email you are taken a replica of the real myGov website. You’ll note the URL includes ‘.net’ instead of ‘.gov.au’, which is an indication the website is not a legitimate Australian Government domain! If you input your login details you are directed to also enter your secret security question and answer, before you’re taken to the fake Medicare website to input your bank account details. These emails and web pages feature myGov and Medicare design and branding, making them appear legitimate. Remember, clicking on the link and sharing your details gives these scammers access to your personal information, which they then use to steal your money and identity!

25.01.2022 We are often asked if we can do online tax returns. The answer is always YES! We are more than happy to consult with you by email, text, telephone or even post, no matter where in Australia you are located! We understand not everyone has time for a sit down appointment, which is why we are able to work on many different platforms to maximise your return. We also offer the option of having your fee deducted from your refund, making it a truly hassle-free experience!

25.01.2022 Small Business Shout Out! Coffs Joinery is a locally owned and operated business, with all pieces custom made right here on the Coffs Coast. They even source as many supplies as possible from local suppliers to do their part in keeping the Coffs Coast growing. Shannon and her staff remain open for business as usual, having completed the COVID 19 infection control training in order to ensure safe workplace practices.... Check them out for all your custom made needs- kitchens, laundries, bathrooms, wardrobes and more! #smallbusiness #coffscoast #supportlocal #smallbusinessesmatter #joinery #coffsjoinery

24.01.2022 If you are a trustee of a self managed super fund, make sure you understand the rules and learn what to watch out for. The ATO have some really good short videos that may help. https://www.ato.gov.au//Self-managed-super-funds/Thinking/

22.01.2022 Noel Whittaker explains why the attempted removal of Franking Credit Refunds to low income earners or retirees is a very low blow. And ways to get around it if Labour gets its way. http://noelwhittakerholdingsptyltd.cmail19.com//6545D71E51

22.01.2022 I work better when my work space is colour coordinated

19.01.2022 It's the new financial year, but it's not too early to drop in and get your tax return sorted for the year. We offer easy, hassle free tax returns with the options of fees deducted from your return. Call now to book your appointment!

19.01.2022 Are you thinking you will pay too much tax this year? A contribution to Super may be beneficial to you? From 1 July 2017, employees can now claim a tax deduction for extra contributions to super. This is only taxed at 15%. Noel Whittaker explains some ideas below. https://noelwhittakerholdingsptyltd.cmail19.com//6545D71E5

17.01.2022 Small Business Shoutout! Looking for a healthier alternative this Easter? Chocdaisy has you sorted! Specialising in handmade chocolates, treats and nourishing snacks, Chocdaisy specialise in 100% plant based and gluten-free takeaway. Their delicious creations are a feast for the eyes as much as the tastebuds ... #supportsmallbusiness #smallbusinessmatters #shoplocal #plantbased #glutenfree

13.01.2022 Working from home? Be sure to keep track of the hours you spend working from home for your tax return this year.

09.01.2022 Some banks are offering to pause repayments on business loans and home loans for up to six months. Be aware there is no use of the word "Freeze" in there. This means that after 6 months of interest continuing to pile on to your loan, with no repayments, you will actually owe a larger amount after the 6 months is over. Pay off this extra amount over thirty years and you can see why the banks are very happy to do this! Compassionate? not really! This may be helpful for some cu...stomers in a hard time at the moment, but come on banks, freeze the interest too! Maybe you can ask your bank to do this if you are in this position! See more

07.01.2022 Some banks (CBA is the one I looked at) are offering 3 year business loans of up to $250,000 to help with cash flow. Note that the interest is still around 5.5% reducing to 4.5%, then who knows what after 12 months?. Although repayments (not interest charges) are paused for the first 6 mths, you still need to pay off the loan completely in the remaining 30 months after that 6 mth period. Even without the interest, if fully drawn, that is over $8333 per month in repayments. Af...ter this virus has passed, the sting continues. Remember that this is not a handout even though this product (that will make much income for the bank) is introduced in a time of panic and is portrayed as "assistance in uncertain times". Read the fine print and think these things through carefully. This too shall pass, but these contracts are in force for three long years. See more

05.01.2022 Small Business Shout Out. The team at Roger Sharpe Dental Practice have been serving the community of Coffs Harbour for over 30 years. Roger Sharpe Dental offers a wide range of dental services and welcomes clients of all ages, from children through to senior citizens. ... They are currently operating as usual, with extra measures in place to ensure community safety in these unprecedented items. #rogersharpedental #dental #dentist #shoplocal #supportsmallbusiness #smallbusinessesmatter

04.01.2022 How does the Latest Budget affect you?? Find the plain English answers here: https://media.wix.com//252b48_8b26c9b86a3b4da2a30d05020ab4 https://www.otgaccountants.com.au/financial-planning

03.01.2022 2016 Tax Return not done yet? It is due by 15th of May with our Tax Agent's extension. Fast refunds are here! usually in your account in 7 or 8 work days, with... our fees deducted. Most individual tax returns are done same day or following day Why wait for that refund? Most employee tax returns now $125.00 Most Rental Property tax returns $165.00 Most Sole Trader tax returns $240 - $360 Also Company & SMSF. Fill out your details on form attached below, Click to open in excel, save and email to us with any other relevant documents and we'll do the rest for you. https://media.wix.com//252b48_dab8757f7db640fca765c9966b57

03.01.2022 Behind the scenes today with Rob Wright Photo. Stay tuned for a fresh new website! #OTGAccountants #localbusiness #shoplocal #coffsharbour #coffsharbouraccountants

02.01.2022 Exciting News! The last budget has changed the rules around who can claim a tax deduction for making a contribution to their own super fund. This tax deduction used to be limited to those who are self employed or earning less than 10% from an employer, from 1 July 2017 this will be changing. https://www.ato.gov.au//Claiming-deductions-for-personal-/... If you are an employee and you would like to build up your super, and have that amount taxed at only 15% rather than a possible 34.5% or 39%, this may help you. It is subject to contribution maximum cap of $25,000 in total tax deductible contributions (from all sources) per year and there are a few age related rules too. eg. If you are earning $50,000 you are being taxed at 34.5% (incl medicare levy) on every dollar earned above $37,000, if you put $10000 in to your super you would only be taxed $1500 on that amount instead of $3450. This is a saving of $1950, or a return on your $10,000 investment of 19.5%. The catch is you can't access it straight away, it is building up for your retirement, but there are many things you can do with it inside your super too. Opening your own self Managed Fund to buy an investment property may be an option for you. We are happy to chat with you about this if you are excited about that idea. OTG Financial Services can help with that. 02 66992826.

02.01.2022 Some Frequently asked questions regarding the JobKeeper Program.

01.01.2022 With Christmas fast approaching, we would like to take this opportunity to thank all our clients for their business this year. Our last business day this year will be Friday 16th December, reopening 9th January. Glenn and the OTG Accountants team wish you all a Merry Christmas and prosperous New Year! ... Christmas cards thanks to You're My Type.

01.01.2022 How can I benefit from the Coronavirus Stimulus Package? Check out the latest information here: https://treasury.gov.au/coronavirus https://www.otgaccountants.com.au/