Poniris & Co in Mortdale, New South Wales, Australia | Tax preparation service

Poniris & Co

Locality: Mortdale, New South Wales, Australia

Phone: +61 2 9553 8117

Address: 21 Pitt Street 2223 Mortdale, NSW, Australia

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

Likes: 167

Add/Update information

Reviews

Tags

• Tax preparation service
• Accountant
• Financial service

25.01.2022 Do you have missing Superannuation? Do you have multiple Superannuation accounts? Cant keep track of where your Superannuation is? Having several super accounts could mean that fees and charges are reducing your overall super investment. Copy and paste this link in your browser below to conduct a quick search. All you will need is your name, DOB and TFN https://superseeker.super.ato.gov.au//PrivacyAgreement.asp ... You can also find out if you have any ATO-held super by using a phone service, call 13 28 65 fast key codes 1 then 2. Youll need to supply your TFN and DOB. Be sure to have a paper and pen ready to write down any details. Be sure to combine all your super to avoid fees so your super investment can grow.

25.01.2022 Trading names are being retired. To continue trading under a specific name, you need to register it as a business name with ASIC. After a business name is successfully registered it will appear on ASIC's business names register and the ABN Lookup. From November, all trading names will be removed from ABR lookup and only registered business names will continue to be listed. ... For more information please see link below. https://www.ato.gov.au//G/Trading-names-are-being-retired/

22.01.2022 We have moved office. Our new address is 21 Pitt Street Mortdale NSW 2223 Phone is the same 95538117

21.01.2022 Is your turnover less than $2mil? You could be eligible for the accelerated depreciation of assets costing up to $20 000. Most assets purchased from May 12, 2015 to 30 June 2017 might have an immediate deduction for your business. For further information click on link below. http://budget.gov.au//c/glossy/sml_bus/html/sml_bus-08.htm

19.01.2022 Motor Vehicle Expenses Did you know if you use someone else's car for work purposes, you may be able to claim the direct costs such as fuel as a travel expense? You can claim a deduction for your car if your motor vehicle is in the course of performing your job as an employee if:... 1. You carry bulky tools 2. Attend conferences and meetings 3. Deliver items or collect supplies 4. Travel between 2 separate places of employment (a second job) 5. Travel from your normal workplace to an alternative workplace and then to your normal workplace If you receive an allowance from your employer for motor vehicle, the allowance will be included in your return as it is assessable income. Most people cant claim traveling to and from work, however if youre a tradesmen and carry bulky tools to and from work you may be eligible for a greater deduction. We recommend keeping a log book for 3 months to justify your motor vehicle claims.

15.01.2022 Instant tax write off for assets for the 2012 2013 FY!!!! From the July 1st 2012, small businesses will be able to claim immediate tax deductions for assets worth up to $6,500 each.- This is proposed to replace the current $1000 immediate write-off for small business asset purchases. Assets above $6500 in value must be depreciated. Motor vehicles over $6,500 in value receive a special exemption. In general terms you are a small business entity if you pass the aggregated tu...rnover test for the current or previous financial year. Small businesses will be able to write-off (expense) all assets where the taxable purpose proportion is less than $6,500 in the income year in which they start to use the asset, or have it installed ready for use. In explaining the impact of the depreciation change, the government used the example of a cafe display fridge worth $4000. Under current rules, the cafe owners must depreciate the fridge. They would only be able to claim an initial deduction of $600, then $1020 the year after and $714 the following year. It would take a further two years -- five in total -- for the business to claim the entire value of the fridge. But from July 2012, the full price would be deductible in the year of purchase. As mentioned above all assets worth more than $6500 -- other than buildings -- can be depreciated at 15 per cent in year 1 and 30 per cent for each subsequent year. Motor Vehicles are to receive a special exemption. The first $5000 of the vehicle value can be immediately written off and the remaining value is to be depreciated as above (15% in year one and 30% in following years).

13.01.2022 SUPERANNUATION UPDATE The SuperStream standard is part of the government's Super Reform package. It will provide a consistent, reliable electronic method of transacting linked data and payments for superannuation. The goal is to improve the efficiency of the superannuation system, to improve the timeliness of processing of rollovers and contributions, and reduce the number of lost accounts and unclaimed monies. Please see the link below for more information about the new reg...ulations. Any queries regarding this, please don't hesitate to call for an appointment to ensure you are ready for the new change. https://www.ato.gov.au/super/superstream/ If you are a SME and have less than 19 employees you are able to use the Small Business Superannuation Clearing House which can be accessed here. https://www.ato.gov.au//Using-the-small-business-superann/

13.01.2022 EOFY UPDATE Is your business's turnover less than $2 million dollars? You could still be eligible for the small business write off. New assets purchased before 30 June 2017 can be written off if the amount is $20 000 or less. In the 2017 Budget, the government announced an extension of the $20,000 instant asset write-off threshold to 30 June 2018. This extension still needs to be passed in parliament the threshold currently reduces to $1,000 from 1 July 2017.

12.01.2022 Reduction in company tax rate! From 1st July 2015 companies with a turnover of less than $2 million a year will have a reduced tax rate of 28.5%. For more details click on the link below. ... https://www.ato.gov.au//Ac/Reduction-in-company-tax-rate/ See more

11.01.2022 Scam email. Please dont click on the link provided in this email if you receive it. This is not real. If you are unsure please call our office.

05.01.2022 EMAIL SCAM Be aware of this scam. If you get this email from the ATO that claims you are entitled to a refund, delete the email.

04.01.2022 Project DO IT Have offshore income and assets??? The ATO is reminding those with undisclosed offshore income and assets that they are to act now or risk audit action and significant penalties. ... This is the last opportunity to come forward, after 19 December 2014 it could prove to be very costly for taxpayers who have not disclosed their offshore income or assets. Those who come forward and disclose as part of Project DO IT will only be assessed for the last four years, only be liable for a maximum shortfall penalty of 10 per cent, and will not be referred for criminal investigation. If you do have offshore income and assets and wish to amend your Income Tax Returns prior to the deadline, please call for an appointment to ensure the best possible outcome.

03.01.2022 Changes to Super Guarantee In the 2014-15 Federal Budget, the Treasurer announced the governments intention to change the schedule for increasing the super guarantee (SG) rate to 12%. The SG rate will increase from 9.25% to 9.5% from 1 July 2014 as currently legislated. The Government also announced that the rate will remain at 9.5% until 30 June 2018 and then increase by 0.5 percentage points each year until it reaches 12%.