Peter's Tax & Accounting Services | Finance

Peter's Tax & Accounting Services

Phone: +61 407 841 643

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04.02.2022 Hi All, A number of my clients have asked me recently, whether the 80 cents per hour (short cut method) is a better deduction than the traditional 52 cents per hour when claiming working from home deductions? Although, it might be tempting to take the easy way out if you’ve been working from home and default to the shortcut rule for your tax this year, there may be other methods to claim your expenses that might give you a better return, depending on your circumstances.... Under the shortcut deduction rule, you can claim 80 cents per hour that you worked from home and this method covers all work expenses like heating, electricity, phone, internet and stationery. Your other option is to use the 52 cents an hour fixed rate method, which includes electricity and gas for heating, cooling and lighting, the decline in value for home office furniture like a desk and any repair costs for home office equipment or furnishings. But to use this method, the ATO says you need to have a dedicated work area, such as a home office when you work from home. Therefore under this method your phone, internet and stationery costs are added in addition to what the 52 cents an hour covers. To ensure you are claiming what you are entitled to by receiving up to the latest tax law changes, please contact Peter on 0407 841 643 to arrange your virtual one on one tax consultation appointment from anywhere in Australia. Recent technological advances allows us to operate efficiently and effectively from anywhere in Australia and from the comfort of your own home. We are taking appointments now for the 2021 tax season. I look forward to hearing from you!! Kind Regards, Peter Dikranis, FCA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

30.01.2022 Hi All, It's almost tax time, and with much of Australia working from home last year, refunds are set to look a little different this coming 2021 tax season. The blend of professional and private life means Australians are eligible for more working expenses than ever when it comes to working from home:... Tax Claims that won't raise RED flags include; a) Desk b) Chair c) 10-50% of NBN Mobile d) 52c/hr Electricity Please note the above however requires full documentary evidence / substantiation and is only provided as a guide. To ensure you are claiming what you are entitled to by receiving up to the latest tax law changes, please contact Peter on 0407 841 643 to arrange your virtual one on one tax consultation appointment from anywhere in Australia. Recent technological advances allows us to operate efficiently and effectively from anywhere in Australia and from the comfort of your own home. We are taking appointments now for the 2021 tax season. I look forward to hearing from you!! Kind Regards Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

19.01.2022 Hi All, Lodgement deferrals now apply for 2019 Tax Returns and applies to Individuals, Companies, Trusts, SMSFs and Partnership. This means the ATO has now applied and approved blanket deferral dates for lodgements. ... The deferral dates depend on the type of tax return and are listed within the article below. If you need your 2019 Tax Return lodged or have any outstanding tax returns, please contact me, Peter directly on 0407 841 643 so we can have them prepared and lodged. I specialise in all types of tax returns at competitive rates and my services are provided across Australia in all states. During these times when things are about to get a new kind of busy our Tax and Accounting Services continue to be provided remotely, via FaceTime, Skype and/or conference calls. Also a reminder, we are lodging Jobkeeper applications FREE OF CHARGE!! To help manage JobKeeper engagements, scope and pricing I am now offering to submit JobKeeper Applications FREE OF CHARGE for sole traders and small businesses, on the condition your bookkeeping is up to date. From 20 April 2020, you can enrol with the ATO for the JobKeeper payment by a registered tax agent or by yourself using the Business Portal and authenticate with myGovID. You must do this by 30 April to claim the JobKeeper payments for April which covers the payroll periods from 30 March to 26 April 2020. For a complete view of our service offerings including accounting, taxation and business advisory, please visit our website at www.amobiletaxservice.com.au I look forward to hearing from you. Kind Regards Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

17.01.2022 Hi All, With the end of the financial year on the horizon and Australians now thinking about their tax returns, the tax office has warned it will be taking particular note of work-related expenses. Around 8.5 million people claimed nearly $19.4 billion in work-related expenses in their 2020 tax returns - and that number is expected to spike this year, hence the tax office will be placing extra scrutiny on work related expenses.... To ensure you are claiming what you are entitled to by receiving up to the latest tax law changes, please contact Peter on 0407 841 643 to arrange your virtual one on one tax consultation appointment from anywhere in Australia. Current technological advances allows us now to operate efficiently and effectively from anywhere in Australia and from the comfort of your own home. We are taking appointments now for the 2021 tax season. I look forward to hearing from you!! Kind Regards, Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

15.01.2022 NEW WORKING FROM HOME CLAIMS!!! Hi All, The Australian Taxation Office (ATO) has announced special arrangements this year due to COVID-19 to make it easier for people to claim deductions for working from home....Continue reading

12.01.2022 Hi All, An interesting article below regarding JobKeeper and compliance!! A reminder, I am assessing and registering JobKeeper applications free of charge for existing clients and any new clients.... Please contact me directly, Peter on 0407 841 643 for a full eligibility assessment and to avoid potential penalties and / or fines. Best Regards Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

12.01.2022 Hi All, Another area the Australian Taxation Office will be targeting is cryptocurrencies in the 2021 tax season and heavy penalties will apply for failure to declare crypto profits. While the ATO’s treatment of virtual currencies is evolving as transactions become more common, it has made it clear that crypto investment profits are liable for Capital Gains Tax and failure to declare them in annual tax returns could result in stiff financial penalties.... The ATO has already contacted more than 100,000 taxpayers who have traded cryptocurrency over the past three years, reminding them of their tax obligations and to ensure that any capital gains from trading are included in their 2020-21 tax returns. For any assistance with advice and preparation of your 2021 Income Tax Returns, please feel free to contact me, Peter on 0407 841 643 to discuss and arrange an appointment. I look forward to hearing from you. Kind Regards Peter Dikranis FCA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

10.01.2022 JOBKEEPER APPLICATIONS HAVE COMMENCED!! WE ARE LODGING JOBKEEPER APPLICATIONS FREE OF CHARGE (conditions apply below). During these times when things are about to get a new kind of busy our Tax and Accounting Services continue to be provided.... From 20 April 2020, you can enrol with the ATO for the JobKeeper payment by a registered tax agent or by yourself using the Business Portal and authenticate with myGovID. You must do this by 30 April to claim the JobKeeper payments for April which covers the payroll periods from 30 March to 26 April 2020. To help manage JobKeeper engagements, scope and pricing I am now offering to submit JobKeeper Applications FREE OF CHARGE for sole traders and small businesses, on the condition your bookkeeping is up to date. These unprecedented times provides me with the opportunity to assist communities and small businesses with their ongoing taxation and accounting requirements by offering JobKeeper engagements FREE OF CHARGE. Just so you are fully informed our Tax, Accounting, Bookkeeping and Business Advisory Services are continuing to be offered remotely by either using, Skype, FaceTime, email and conference calls. Technology advancements over the recent years continue to allow us to operate efficiently and effectively to fulfil your ongoing requirements by providing our unique service to you. Our services are provided across Australia in all states and I complete tax returns for all individual and business structures. In addition we provide an end to end bookkeeping service at competitive prices. Check out our website for a full list of services provided. I look forward to hearing from you. Kind Regards Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

05.01.2022 WE ARE TAKING APPOINTMENTS FOR THE 2020 TAX SEASON NOW, SO GET IN EARLY!!! BOOK YOUR ONLINE VIRTUAL MEETING NOW FROM THE COMFORT OF YOUR OWN HOME!! OUR TAX AND ACCOUNTING SERVICES CONTINUE TO BE PROVIDED TO ASSIST YOU DURING THESE DIFFICULT TIMES!!... What crazy and unprecedented times we're currently facing. No matter what your industry you've all no doubt felt the effects from the COVID-19 outbreak in some way! Just so you are fully informed our Tax, Accounting, Bookkeeping and Business Advisory Services are continuing to be offered remotely by either using, Skype, FaceTime, email and conference calls. Technology advancements over the recent years continue to allow us to operate efficiently and effectively to fulfil your ongoing requirements by providing our unique service to you. I am available to assist with your tax requirements by providing: A professional service at a very competitive fixed price; Up-to-date with tax rules so you get the maximum refund and guidance from 2019/2020 and beyond including the recently announced COVID-19 Stimulus packages; Personal attention at the convenience of your home via Skype, FaceTime, email and conference calls; Full electronic lodgement service and prompt refund within 14 days. We now have EFTPOS facilities to make payment easier. To book an appointment or simply register an enquiry please either send me text message or email at [email protected] We're closely following the state and federal Government guidelines to ensure we're up to date with protocols and if anything changes, we'll be in touch ASAP. In the meantime, stay safe and look out for each other!!! Thank you Peter Dikranis CA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au

25.12.2021 Hi All, An important read below for all small business operators. Small businesses can expect additional scrutiny with their 2021 Tax Returns. The Australian Taxation Office will be carefully monitoring third party data over the next few months to track $390 billion in contract income, scrutinising loss claims and temporary full expensing measures, and ensuring private and business activities are accounted for separately in tax return claims.... Please ensure you pay close attention when declaring your income from all activities and claiming expenditure linked to the business activities. To ensure your business tax returns are completed accurately and in line with the latest tax law regulations, please feel free to contact me, Peter on 0407841643. As a sole practitioner you will deal with me directly and I complete tax returns for all small business structures, including sole traders, partnerships, trusts and companies. Business advisory is also provided for all structures. I look forward to hearing for you and more than happy to discuss your concerns / needs by providing an initial free consultation at no cost or obligation. Kind Regards, Peter Dikranis FCA Chartered Accountant / Director Peter's Tax & Accounting Services Phone: 0407 841 643 Email: [email protected] Website: www.amobiletaxservice.com.au