R W Waghorn & Sons in Alstonville, New South Wales | Accountant

R W Waghorn & Sons

Locality: Alstonville, New South Wales

Phone: +61 2 6628 5995

Address: 1 / 106 Main Street 2477 Alstonville, NSW, Australia

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• Financial service

25.01.2022 Get ahead of the game save your receipts throughout the year with the myDeductions tool in our ATO app. Its the easiest way to avoid the dreaded receipt-rela...ted meltdown at tax time! Download the app and get started today. Go to www.ato.gov.au/General/Online-services/ATO-app/myDeductions

21.01.2022 Thinking of purchasing assets for your business? The instant asset write-off has changed. Its been: expanded to include more businesses increased to $30,00...0 for each asset extended until 30 June 2020. Find out more at www.ato.gov.au//d/simpler-depreciation-for-small-business/

20.01.2022 Its tax time! We can tell youre just as excited as we are, because weve received over 20,000 phone calls so far today. Were sorry if you cant get through... right away our contact centre staff are doing the best they can to help as many people as possible. A large number of calls are about myTax or linking our online services to myGov. If you need a hand with this, check out our troubleshooting tips at www.ato.gov.au//Technical-/Troubleshooting-for-individuals as they may save you from having to phone us If youre keen to lodge early, remember to wait until your employer marks your info as tax ready in myGov before you lodge. Your employer should get it done before 31 July 2019. Find more info at www.ato.gov.au//Working-as-/Accessing-your-payment-summary

19.01.2022 Employers: Have four or fewer employees? If you arent already using Single Touch Payroll enabled software, a range of no-cost and low-cost solutions are available for you. Check out our register at www.ato.gov.au//in/low-cost-single-touch-payroll-solutions

16.01.2022 Starting a business is exciting - but it can be challenging if youre not prepared! Our new Starting a Business Guide can help you start off on the right foot. ...The guide is a step-by-step tool to help you prepare and plan for business, understand key business and tax registrations and set-up necessary business operations. Check out the Guide: https://bit.ly/2KMhYC9

16.01.2022 Small businesses: Do you use the Small Business Super Clearing House to make super payments for your employees? EOFY processing due dates are fast approaching For more info, visit www.ato.gov.au//small-business-supera/sbsch-system-status/

16.01.2022 SCAM ALERT Beware of a new text message (SMS) scam claiming you have a tax refund. Dont click any links and dont provide any information, even if it seems... convincing. Remember, well never send an SMS asking you to access our online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

15.01.2022 Small businesses: Do you know about our prepayment option? You don’t have to wait to hear from us before you pay your tax. If it works best for you and your bus...iness, you can prepay when and how much you want before an expected tax bill arrives. For more info, visit www.ato.gov.au//payin/help-with-paying/managing-payments/

15.01.2022 Changes to the low and middle income tax offset announced in Budget 201920 are now law. The amount of offset you may be entitled to, and the amount of any refu...nd, will differ for everyone depending on individual circumstances such as income level and how much tax you paid throughout the year. Well automatically take into account any offset youre entitled to in your tax return, even if youve already lodged. You wont need to contact us. Refunds for tax returns already lodged are expected to start issuing towards the end of next week and into the following week, which is in line with the normal processing of refunds for this time of year. Find out more at www.ato.gov.au//Lower-taxes-for-hard-working-Australians-/

14.01.2022 Employers: Are you ready for Single Touch Payroll? Start reporting anytime between 1 July and 30 September! For handy tips to help you out, visit www.ato.gov.au//Single-/Get-ready-for-Single-Touch-Payroll

12.01.2022 Employers: From 1 July youll need to start reporting through Single Touch Payroll (STP) if you have one or more employees. Take the steps to get ready by conta...cting your payroll provider, connecting with us and reviewing your business processes. For more information, visit www.ato.gov.au/business/Single-Touch-Payroll See more

11.01.2022 Be your own super(annuation) hero! Manage your super in a flash with our online services via myGov Log in to sort your super now at www.ato.gov.au//Growing-your-s/Keeping-track-of-your-super

11.01.2022 Businesses: Use fuel in heavy vehicles or other machinery? Fuel tax credit rates increase today, 5 August. Check out the latest rates at www.ato.gov.au//Fuel-tax-credits---busine/Rates---business

11.01.2022 Affected by drought? We understand how tough it can be for entire communities. If youre struggling to meet your tax obligations due to the impacts of drought, ...we can help with: more time to pay waiving penalties or interest interest-free payment plans adjusting pay as you go (PAYG) instalments tax incentives for primary producers. Talk to us for tailored assistance phone 1800806218 or find out more at www.ato.gov.au//In-det/Help-for-drought-affected-taxpayers

10.01.2022 Tax tip: You can link your myGov account to our online services without having to phone us for a linking code. To verify your identity, youll need to answer a ...couple of questions about info from two of the following: a super account statement from the last five years bank account details for an account you had your individual tax refund paid into last year, or one thats earned interest in the last two years a notice of assessment received in the last five years a PAYG payment summary received in the last two years a dividends statement from the last two years, or a Centrelink payment summary from the last two years. Find out more at www.ato.gov.au//Online-servic/Individuals-and-sole-traders

10.01.2022 Primary producers may now be able to deduct the full cost of fodder storage assets. These assets can include: silos liquid feed supplement storage tanks ...bins for storing dried grain hay and grain storage sheds. Get the details at www.ato.gov.au//capital-/fencing-and-fodder-storage-assets

09.01.2022 Rental property owners: Whether you use a tax agent or prepare your own tax return, make sure you keep proper records to support your deductions claims. Dont m...iss out because of lost receipts or forgotten expenses! Get into the habit of keeping accurate records so you can claim everything youre entitled to. Some of the records youll need include: contracts of purchase and sale proof of all income and expenses details of any periods of private use by you, your family, or friends loan and refinancing documents evidence of steps taken to rent out your property. Find out more at www.ato.gov.au//res/obtaining-and-owning-a-rental-property

07.01.2022 Small businesses: Do you know about our prepayment option? You dont have to wait to hear from us before you pay your tax. If it works best for you and your bus...iness, you can prepay when and how much you want before an expected tax bill arrives. For more info, visit www.ato.gov.au//payin/help-with-paying/managing-payments/

06.01.2022 Attention rental property owners! Weve put together our top 10 tips so youre not stumped by common tax mistakes this year. 1. Always keep evidence to support ...your claims. 2. Make sure your property is genuinely available for rent. 3. Initial repairs and improvements cant be claimed in full in the year the expenses are incurred. 4. Borrowing expenses of more than $100 must be claimed over five years. 5. The costs of buying a property cant be claimed as deductions. 6. You can only claim interest as a deduction for the part of your loan that relates to your rental property. 7. Capital works can be claimed at 2.5% of the cost for 40 years. 8. You cant claim deductions for periods when youre using the property yourself. 9. If you co-own, declare income and claim expenses according to your legal ownership. 10. When you sell, be sure to work out if you make a capital gain or capital loss. Get all the details at www.ato.gov.au//Rental-properties/Top-10-tips-to-help-rent

05.01.2022 Businesses: If youre not sure what you can claim as a business expense, use our handy hints to help get it right: The expense must have been for your busines...s. If the expense is also for private use, you can only claim the portion that relates to your business. You must have records to prove your claims. For more helpful tips on claiming business expenses, visit www.ato.gov.au//Work-out-what-business-expenses-you-can-cl

04.01.2022 Fuel tax credit rates increase today, 4 February. If you use fuel in heavy vehicles or other machinery for your business, check out the latest rates at www.ato.gov.au//Fuel-tax-credits---busin/Rates---business/

03.01.2022 SCAM ALERT Beware of a new text message (SMS) scam claiming you have a tax refund. Don’t click any links and don’t provide any information, even if it seems... convincing. Remember, we’ll never send an SMS asking you to access our online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

03.01.2022 Know a farmer? Primary producers may be able to deduct the full business expense of fodder storage assets this tax time! These assets can include: silos l...iquid feed supplement storage tanks bins for storing dried grain hay and grain storage sheds. Get the details at www.ato.gov.au//livestock-and-other-/depreciating-assets/