Positive Tax & Accounting in Melbourne, Victoria, Australia | Financial service

Positive Tax & Accounting

Locality: Melbourne, Victoria, Australia

Phone: +61 424 262 700

Address: Level 9/440 Collins St 3000 Melbourne, VIC, Australia

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

Likes: 105

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• Tax preparation service
• Accountant
• Financial service

24.01.2022 Stop, Think and act Positive.

22.01.2022 Free consultation. Hablamos espaol.

21.01.2022 Feel the Positive difference. New business clients receive 20% off your last year accounting fees. New individual clients receive 15% off your last year accounting fees.... www.positivetax.com.au

21.01.2022 Quarterly BAS lodgers: Get your refund faster by avoiding mistakes. Last day to lodge is 28 October. Before lodging make sure you: reconcile the BAS figures with your records; check your purchases and sales are reported in the correct period; only complete the sections that apply to you.

20.01.2022 Single Touch Payroll. Briefly, here is the STP process: 1. An employer will run their regular payroll to pay their employees (eg weekly, fortnightly or monthly) 2. Their employee receives their salary or wages, and their payslip as they did previously... 3. The employers payroll software includes mandatory fields to capture the STP data, which includes year-to-date salary or wages and super information 4. The STP data is sent to the ATO. The STP file is called a pay event. The way the file is sent will depend on the software. This may be directly, or through a sending service provider (a third party) 5. The ATO receives the STP data and matches the information to the employer and their employees 6. The ATO makes STP information available to employees through myGov, to employers through the Business Portal and to tax agents through the Tax Agent Portal. Employees can see their year-to-date tax and super information. See more

19.01.2022 Hi, we have reached 50 page likes,thanks for your support. vamos a compartir para que todos se beneficien este tax season.

18.01.2022 Are you thinking about a holiday, car, boat, new wardrobe or anything else. The key word to get it is Tax Planning. Our clients received a personalised advice, focusing on the things you really want.... Do not waste your money use it for yourself. www.positivetax.com.au

18.01.2022 Small business tip: If youre buying goods through online trading or auction sites (like Gumtree or eBay), check if the seller is registered for GST. If they arent registered, you wont be able to claim a GST credit for your business purchase.

17.01.2022 Have you declared all your business income? Whether meeting with your tax agent or preparing your own tax return, here are some questions for you to consider when declaring income. Did you: receive any cash payments?... earn income through coupons, vouchers or gift cards? receive income from other activities such as rent from business assets? receive bank interest or money from other investments? receive directors fees, dividends or franking credits? deposit any income into a mortgage or private bank account? have other accounts that business income is paid into, like PayPal? sell or transfer any business assets? Make sure to maintain appropriate records including documents that show actual income amounts. Remember, we can help you with your tax and accounting.

17.01.2022 Be always alert.

16.01.2022 If you have not done your taxes, please do not take the risk to be audited, Positive Tax & Accounting will help you to get out of this. You have not done it for years, do not worry I will fix it for you.

14.01.2022 Have you refinanced your rental property loan to treat yourself to a holiday, car, boat or other personal asset? When claiming rental interest deductions, make sure you only claim the interest expense on the portion of the loan that relates to the rental property not on any amount used for private purposes.

13.01.2022 Why use an accountant? They will find deductions you never knew existed. They will help you to organize your files for next year. The cost is tax deductible for... the following year. If you use a tax accountant, filing your tax in July will allow you to defer tax that is owed to the following year A good tax accountant will help you understand how to minimize your tax ethically and legally under the ATO rules. Its convenient and saves you time, leaving you to do those other things you enjoy most. See more

13.01.2022 Big changes come into effect for the banking industry tomorrow. www.7NEWS.com.au #7NEWS

11.01.2022 Are you self-employed or run a small to medium business? keep reading. Your 9.5% super guarantee contributions must be received by your superfund by 28 July to avoid penalties. If you pay by 30 June then they are deductible in this current year From 12 March 2020 small business will be able to write off assets up to a cost of $150,000 (up from $30,000) Small business taxpayers can claim prepaid expenses up to 12 months in advance. For example, pre payment of expenses such as ...rent, hire purchase, interest and advertising. Revalue old or damaged stock do a stock take Review plant and equipment for any obsolete items that could be written off. Not sure how to do it please talk to us, we can negotiate with the ATO on your behalf to help ease the stress you are under. See more

10.01.2022 Please be aware.

09.01.2022 Be always sure that your super is being deposited into your account.

09.01.2022 Who said accountants are boring. New individual clients get 15% off last year accounting fees. New business clients get 20% off last year accounting fees. www.positivetax.com.au

09.01.2022 Recent law changes may affect the deductions they can claim on second-hand plant and equipment. These changes will apply in their 2017-18 tax return onwards.

09.01.2022 Buying an investment property with your SMSF Residential Investment property under SMSF cannot be rented by you, any other trustee or anyone related to the trustees. The rent paid must be at the market rate and must be paid promptly and in full at each due date. You need to ensure the purchase provides a retirement benefit for the trustees.... On properties held for longer than 12 months, the fund receives a one-third discount on any capital gain it makes upon sale, bringing any capital gains tax liability down to 10%. If you make a loss on your property, it cannot be offset against your personal taxable income outside the fund. Once trustees start receiving a pension at retirement, any rental income or capital gains arising in the fund will be tax-free. We can help you to set your own SMSF and enjoy the benefits at your retirement phase. Free consultation.

07.01.2022 New cents per kilometre rate The Commissioner of Taxation has determined that the rate for work-related car expenses is 68 cents per kilometre for the income year commencing 1 July 2018. This determination applies to eligible taxpayers who elect to use the cents per kilometre method when calculating income tax deductions for their work-related car expenses.... Under the cents per kilometre method: you can claim a maximum of 5,000 business kilometres per car you do not need written evidence to show how many kilometres you have travelled, but you may be asked to show how you worked out your business kilometres you cannot make a separate claim for depreciation of the cars value this amount takes into account all your vehicle running expenses.

07.01.2022 31st October 2018 the last day to lodge your tax return, feel free to contact us.31st October 2018 the last day to lodge your tax return, feel free to contact us.

07.01.2022 Educar el corazn, para despertar la grandeza..

05.01.2022 The sharing economy and tax The sharing economy connects buyers (users) and sellers (providers) through a facilitator who usually operates an app or a website. There are many sharing economy websites and apps. If you provide goods or services through any of them you need to consider how income tax, the goods and services tax (GST) or any other tax applies to your earnings.... Popular sharing economy services include: Renting out a room or a whole house or unit for a short-time basis, for example Airbnb and Stayz Providing ride-sourcing services for a fare (considered to be taxi travel for GST purposes) such as Uber, SheSafe, Shebah and GoCatch Providing personal services, including creative or professional services like graphic design, creating websites, or odd jobs like deliveries and furniture assembly, for example Airtasker, Mad Paws and Deliveroo Renting out a car parking space, for example Parkhound and Spacer.

03.01.2022 Being informed should be priority.

02.01.2022 Super is money you pay for your workers to provide for their retirement. Generally, if you pay an employee $450 or more before tax in a calendar month, you have to pay super on top of their wages. The minimum you must pay is called the super guarantee (SG):... The SG is currently 9.5% of an employees ordinary time earnings. You must pay SG at least four times a year, by the quarterly due dates. You must pay and report super electronically in a standard format, ensuring you meet SuperStream requirements. Your super payments must go to a complying super fund most employees can choose their own fund. If you dont pay the SG on time, you may have to pay the super guarantee charge.

01.01.2022 GST no longer applies to the purchase and sale of digital currencies such as bitcoin! However, when using digital currency to purchase goods and services its the same as using money and standard GST rules apply.

01.01.2022 Simpler depreciation for small business You can choose to use the simplified depreciation rules if you have a small business with an aggregated turnover (the total normal income of your business and that of any associated businesses) of less than: $10 million from 1 July 2016 onwards, $2 million for previous income years.... Under these rules, from 7.30pm (AEST) on 12 May 2015 until 30 June 2019 you: Immediately deduct the business portion of most depreciating assets that cost less than $20,000 each in the year you bought and used, or installed ready for use pool the business portion of most other depreciating assets that cost $20,000 or more in a small business asset pool and claim a 15% deduction in the first year (regardless of when you purchased or acquired them during the year) a 30% deduction each year after the first year Write-off the balance of your small business pool at the end of an income year if the balance, before applying any other depreciation deduction, is less than $20,000. The current instant asset write-off threshold is $20,000. This threshold applies until 30 June 2019. It has changed over the last few years. On 29 January 2019, the Prime Minister announced that the government will introduce legislation to increase the $20,000 instant asset write-off threshold to $25,000 from 29 January 2019 until 30 June 2020. This proposal is not yet law.