Sam Greco & Co Chartered Accountant in Aspley, Queensland, Australia | Tax preparation service

Sam Greco & Co Chartered Accountant

Locality: Aspley, Queensland, Australia

Phone: +61 7 3263 5200

Address: 1355 Gympie Rd 4034 Aspley, QLD, Australia

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

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• Tax preparation service
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• Financial service
• Financial planner

23.01.2022 Happy Monday - anyone set any goals this week?

21.01.2022 #TaxTip - Luxury Car Tax Anyone considering buying a quality car needs to be aware of the luxury car #tax. http://finance.ninemsn.com.au//84/tax-tip-the-cost-of-posh

21.01.2022 Investment Property Seminar being held at our office late November & Early December. Limited Seating

19.01.2022 Check out our Rental Property Checklist - make sure to claim everything you are entitled to. http://www.taxonline.com.au//20112012-rental-property-chec

19.01.2022 Happy Father's Day!

15.01.2022 Happy Halloween

14.01.2022 There are a number of ATO related scams circulating around at that the moment. The ATO will never send you an email requesting you to confirm, update or disclose confidential details via an insecure channel such as email. For more information visit - http://www.ato.gov.au/content/62347.htm

14.01.2022 #Cashflow tip - Know your break-even point. How much revenue do you need to meet your monthly expenses? Does that include your own wage, employee superannuation, utility bills and marketing expenses? Do you know your break-even point for each product you sell? Knowing this helps you plan for profitability.

14.01.2022 Only a week to go before we shut shop for the holiday season and re-open in the New Year 2013. For all our clients, friends and families we wish you all a safe and happy holiday season and prosperious New Year. Our closure will be from 5pm Friday 21st Dec to Monday 7th January 2013.

14.01.2022 #Cashflow tip - Place payment milestones in large contracts. Negotiate a progressive payment schedule to balance out your cash flow throughout the project.

13.01.2022 ALERT TO OZ RENTAL PROPERTY OWNERS In the May 8 Australian budget there was a change to the capital gains tax discount which will affect Overseas residents who own property in Australia. The policy change states that -... The Government will remove the 50 per cent capital gains tax (CGT) discount for non-residents on capital gains accrued after 7.30 pm (AEST) on 8 May 2012. The CGT discount will remain available for capital gains accrued prior to this time where non-residents choose to obtain a market valuation of assets as at 8 May 2012. If you are a Overseas resident who owns property in Australia we recommend that you arrange to have your property valued as at or prior to 8 May 2012. This means that you will still then be entitled to receive the 50% CGT discount for capital gains made before 8 May 2012. It is not too late to get a valuation. You will need to either go to a registered valuer or to your real estate agent and get them to value your property as at the 8/05/12. Generally your real estate agent will be happy to help you in this matter. You will need to stress that the valuation will need to be as at the 8/05/12 or earlier. Any valuation that shows a value of the property at a later date will not entitle you to claim the 50% capital gain discount for the full life of the property. It is imperative that the property is valued as at the 08/05/12 or earlier.

13.01.2022 31st Oct Tax Deadline for all those people who complete their own tax 10 days to go!!!!!!

13.01.2022 Congratulations to Gold Coast 16-year-old Brittany Broben winning silver after just 1 year of international competition

12.01.2022 Fringe Benefit Tax is just around the corner so Sam Greco and Co are conducting a seminar for there clients on the subject to enable them to get a better understanding on what is required.

12.01.2022 Wishing all out client, friends & family a Safe & Happy Easter Break

11.01.2022 Here is a great list of things you need to remember to bring to your accountant if you are in business. http://www.taxonline.com.au/news/business

11.01.2022 http://www.facebook.com/pages/Sam-Greco-Co-Chartered-Accountants/115826811787337?ref=hl

11.01.2022 Family Trusts new June 30 Deadline. http://www.taxonline.com.au//warning-on-family-trusts-as-n

11.01.2022 #Cashflow Tip - invoice early, pay as late as possible. Money is better off in your account than someone elses. Send an invoice with goods, and pay invoices right on their due deadline. Consider incentives for early payment of your invoices and chase up unpaid invoices promptly.

11.01.2022 ATO scam warning

10.01.2022 OMG another year has started and nearly at the end of January. The office is in full swing now. Please get those BAS in for the February deadline as there is no extensions this month. Hope your The New year is going well

09.01.2022 Make tax time easier with our Personal Tax Return Checklist http://www.taxonline.com.au//20112012-personal-tax-return-

08.01.2022 Unfortunately the FBT Seminar was canceled but will be spoken about at our next seminar on the 18 April 2013 Tax planning & Financial Statement.

07.01.2022 Odometer readings required on the 31st March 2013 for those clients who do FBT. Mark in in your Diary ******

07.01.2022 Director Penalty Notices and Personal Liability Amendments On 29 June 2012, new laws were passed in parliament expanding personal director liability for unpaid Australian Tax Office debt and increasing the severity of non-compliance. All company directors (including not for profit organisations) should be aware that the new laws substantially increase the circumstances in which they will personal liable for PAYG and superannuation liabilities of the company. http://www.taxonline.com.au//directors-penalty-notices-and

07.01.2022 Common GST Mistakes GST claimed on loan repayments, including Chattel Mortgages, credit cards, HPs. These items are NOT included at G11 Drawings included at G11 these should be excluded & dont have GST. Merchant Fees have GST ... Bank Fees dont have GST Insurance has GST but it isnt 1/11. Stamp Duty portion has no GST. There is no GST on income protection. Registration for MV. Can only claim GST on the CTP if you have already stated that it is a business vehicle. GST in not 100% of the purchase price of a motor vehicle e.g. Government fees, registration are GST Free. Purchase goes in G10. Assets costing more than $1,000 need to go in G10 not G11. GST claimed on GST free supplies -e.g. rates, stamp duty, water, -some staff amenities e.g. milk, sugar -ATO payments and fines (N-T) Government Licencing does not have GST e.g. ASIC fees, BSA, Business Registration (BSA insurance has GST) Residential properties cannot claim GST Sale of any business equipment (including motor vehicles) need to have GST on the sale and is included at G1 G1 includes ALL income including those without GST e.g. Grants, interest, overseas sales but does not include ATO Refunds, bank loan funds, capital contributed by directors. Entertainment expenses generally only 50% of the GST is claimable Wages & Superannuation do not have GST on them and are not reported at G11. Protective and logoed clothing is deductible and has GST. Underwear and socks are not protective and are unlikely to have your business name on them. See more

06.01.2022 From the 1st July 2012 the government brought in additional reporting requirements for businesses in the building and construction industry. It requires the completion of a taxable payments annual report. http://www.taxonline.com.au//building-and-construction-ind

05.01.2022 strength in numbers - help conquer cancer

04.01.2022 Just a quick reminder that tax returns have to be completed by the end of October for all those people who do not use a tax agent or who were late lodging last financial year.

03.01.2022 #Accounting tip - The less complicated your accounting system, the less likely something will go wrong. Ask us for help in tailoring an accounting system for your business.

02.01.2022 Happy New Finanical Year!! Made any resolutions?

01.01.2022 Invitation to the Tax Planning and Financial Statements Seminar on the 18th April 2013