Silver Peacock in Sydney, Australia | Accountant

Silver Peacock

Locality: Sydney, Australia

Phone: +61 1800 983 448

Address: Level 13, 338 Pitt Street 2000 Sydney, NSW, Australia

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

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• Tax preparation service
• Accountant
• Financial service

25.01.2022 ATTENTION TAXPAYERS! The ATO will be focusing on tax deduction categories that have been abused in the past to maximise tax deduction to achieve larger tax refunds! The ATO is trying to close a tax gap of $8.7 billion. Over the next few weeks we will be posting more information about various categories & industry benchmarks for various trades. ... If you need help with your tax-return, contact one of our accountant & tax specialist to assist you!

24.01.2022 IMPORTANT! Work related expenses. Deductions for home office use, including claiming for occupation costs like rent, rates and mortgage interest, are not allowable unless youre actually running a business from home. However, for tradies in the construction industry youll be surprised about what you can actually deduct! ... If you want to speak to an accountant and tax specialist in construction industry, call us to make an appointment of send us a message.

24.01.2022 IMPORTANT: $30,000 instant asset write-off Did you know the instant asset write-off threshold is $30,000 for each asset? You can use the instant asset write-off to claim an immediate deduction when you purchase new or second-hand assets for your business, such as:... tools and equipment computers, laptops and tablets office furniture motor vehicles. You can claim an immediate deduction for multiple assets, so long as each asset costs less than $30,000. For example, you can claim a deduction to purchase a new vehicle costing $25,000 and new office equipment costing $10,000 as both assets cost less than the $30,000 threshold. DONT LOOSE OUT! Contact Silver Peacock today & speak to one of our tax specialists about how we can help you!

24.01.2022 We are helping business owners by giving away FREE phone consultations with an accountant to answer any JobKeeper or financial questions you may have. Book here https://bit.ly/3m9xbzF to get a free consultation. You may also give us a call at 1800 983 448 or send us an email at [email protected] to learn more about what we can do to keep your business running as it should be.... . . . . #SilverPeacock #Accountants #TaxAdvisor #Business #consultation #FreeConsultation See more

23.01.2022 IMPORTANT: Work related expenses. Mobile phone and internet costs, have a attracted the ATO focus on people who are claiming the whole (or a substantial part) of the bill for their personal mobile as work related. There are certain exceptions to the rules depending on the industry you operate in and your position. ... Contact us today & speak to one of our expert accountants & tax specialists.

22.01.2022 IMPORTANT: Undeclared income! The ATO will be looking closely at those working in the shared economy to ensure income and expenses are correctly reported. Dont take the chance of getting caught!

21.01.2022 ATO Audits: The ATO has been given additional resourcing by the Government to back up the work theyre doing in relation to noncompliance. We well see far more audits and more letters in relation to incorrect claims around work-related expenses and property, and well see far more data-matching around cryptocurrency and the sharing economy.... If you require more information, contact Silver Peacock & have a chat with one of our expert accountants & tax specialists.

19.01.2022 Our fixed price packages allow you to plan ahead and budget, knowing that you will never have hidden fees with us. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... . #SilverPeacock #Accountants #TaxAdvisor #Business See more

19.01.2022 ATTENTION PLUMBERS: These are the Industry benchmarks for dunnies that the ATO will use when plumbers claiming deductions for their tax returns! These benchmarks are for activity statements for businesses as well as common components of certain categories such as motor vehicle expenses but also compares total expenses to revenue turnover. ... As long as your expenses are within those boundaries, you should be safe. If you need assistance for the preparation & management of your financial affairs, we have made it easy, simple and affordable for every one regardless your business size! Call us for a chat today! Or book a free consultation. Remember, we know what to debit, so you can take the credit .

19.01.2022 NSW Update: Building and Construction Industry Security of Payment Act 1999. Silver Peacock will prepare an article shortly and post updates regarding these amendments.

18.01.2022 Book a free consultation today! Book here https://bit.ly/3m9xbzF to get a free consultation. You may also give us a call at 1800 983 448 or send us an email at [email protected] to learn more about what we can do to keep your business running as it should be.... . . . #SilverPeacock #Accountants #TaxAdvisor #consultation #FreeConsultation #taxreturns See more

18.01.2022 Take back the time to focus on what makes you happy with your business. Book here https://bit.ly/3m9xbzF to get a free consultation. You may also give us a call at 1800 983 448 or send us an email at [email protected] to learn more about what we can do to keep your business running as it should be.... . . . #SilverPeacock #Accountants #TaxAdvisor #Business #consultation #FreeConsultation See more

17.01.2022 RECEIVE $10,000 FHOG You can apply for the First Home Owner Grant (New Homes) scheme (FHOG) through your bank or financial institution when you arrange finance to buy your home. If youve already completed the purchase process or construction has commenced, we can assist you with your application for the grant. ... The application must be completed within 12 months of settlement or the date constructed of your new home was completed.

16.01.2022 Attention Taxpayers: Hundreds of thousands of people had received letters last tax time after their claims were flagged as unusual or the ATO discovered undeclared income by cross-checking data provided from third parties. The commissioner of taxation said An audit is really just one component, he said. They do a lot of investigation in this space through technology they data-match, they have benchmarks, if expenses are outside the norm people will get a letter which is not a full audit, it invites them to think again.

16.01.2022 AusTender provides centralised publication of Australian Government business opportunities, annual procurement plans and contracts awarded. Register and receive notifications on business opportunities that may benefit your business!

16.01.2022 As a first home buyer, you may be eligible for an exemption from paying stamp duty if the property you purchase is less than $650,000. To apply, contact us and speak to one of our accountants & tax specialists!

14.01.2022 ATTENTION CARPENTERS: These are the Industry benchmarks for carpenters that the ATO will use when chippies are claiming deductions for their tax returns! As long as your expenses are within those boundaries, you should be safe. ... If you need assistance for the preparation & management of your financial affairs, we have made it easy, simple and affordable for every one regardless your business size! Call us for a chat today! Or book a free consultation. Remember, we know what to debit, so you can take the credit .

14.01.2022 With our 20 and more years of experience in the field working with small and big companies, we deliver more value for less. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... #SilverPeacock #Accountants #TaxAdvisor #Business See more

13.01.2022 INTERESTING RESEARCH - Voice your opinion! The ATO is considering adopting what they refer to as "A Simplified Accounting Method for GST" for ride sourcing drivers, meaning the ATO will be able to prefill your BAS from third party data. This has not been implemented by is currently being research by the ATO and are seeking to validate whether or not this would enhance the client experience. ... Please leave us your comments about what you think?

13.01.2022 We are proud to announce that Silver Peacock has partnered with Qualify Me! to help tradies obtain their license! Even more proud to announce that Gorden Tallis is now our brand ambassador! If you are looking for a trust accounting firm that specialise in your industry, then look no further! Silver Peacok specialises in the construction industry regardless your trade.

13.01.2022 IMPORTANT: Work related expenses. This year the ATO is targeting Motor vehicle claims where taxpayers take advantage of the 68-cent-per-kilometre flat rate available for journeys up to 5000km. The ATO is concerned too many taxpayers are automatically claiming the 5000km limit regardless of the actual amount of travel. There are certain exceptions to the rule for certain industries & roles, contact us to discuss your position & your business with one of our expert accountants & tax specialists.

13.01.2022 IMPORTANT: All Business Owners If you are currently operating a business, its important to be aware that different business structures have different reporting requirements. Its also very important to make sure your current business structure is appropriate for your business and circumstances.... If you are unsure, contact Silver Peacock & book an obligation free consultation with one of our specialists & explore your options as soon as possible! www.silverpeacock.com.au

13.01.2022 Thank you so much for the awesome feedback, Precy. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... . #SilverPeacock #Accountants #TaxAdvisor #FreeConsultation #Review #CustomerFeedback See more

11.01.2022 Payroll tax is a state tax. Its assessed on the wages paid or payable to employees by an employer (or group of employers) whose total Australian taxable wages exceed $850,000. There are also other implications associated with motor vehicle allowances, overnight accommodation allowances, and Fringe Benefit Tax (FBT). To find out how we can support you minimise your tax, speak to one of our accounting and tax specialist.

10.01.2022 ATTENTION: All business owners Its very important for you as a business owner to recognise the important of running your business seamlessly by adopting all the current day technological advancement. We understand change isnt necessarily favoured by many, for this reason the staff at Silver Peacock constantly receive professional training & development to better support our clients when adopting todays technologies. ... Using a cloud based accounting system means we can automate various attributes & components of your business activities to minimise manual activity. Youll be surprised how this may improve your business efficiency as well as cashflow. For example, by automating your invoicing system, this means you can quote and invoice work you completed before leaving your work site & get paid faster. Our staff members will provide you with all the training you need at no additional cost. This will allow you as the business owner to also make better budgets & forecasts & healthy business decisions. To learn more about how we can help you, contact us today on 1800 983 448 and speak to one of our team members. www.silverpeacock.com.au

10.01.2022 ATTENTION Bricklayers: These are the Industry benchmarks for Bricklaying industry that the ATO will use when brickies are claiming deductions for their tax returns! As long as your expenses are within those boundaries, you should be safe. ... If you need assistance for the preparation & management of your financial affairs, we have made it easy, simple and affordable for every one regardless your business size! Call us for a chat today! Or book a free consultation. Remember, we know what to debit, so you can take the credit .

09.01.2022 Trusted Compliance Accountant in Sydney. Companies in Australia need to be mindful of maintaining compliance with financial statements and financial reporting. Beyond accuracy in your tax returns, there are many complicated compliance requirements. Our business services ensure your company's financial documents meet all reporting requirements and give you a long-term tax solution. The financial accountants at Silver Peacock & Co. will work with you to prepare all the document...s you need. Read here https://bit.ly/35PfJKj to learn more. . . . #SilverPeacock #Accountants #TaxAdvisor #Business

09.01.2022 ATTENTION Landscapers: These are the Industry benchmarks for Landscape Construction industry that the ATO will use when landscapers are claiming deductions for their tax returns! As long as your expenses are within those boundaries, you should be safe. ... If you need assistance for the preparation & management of your financial affairs, we have made it easy, simple and affordable for every one regardless your business size! Call us for a chat today! Or book a free consultation. Remember, we know what to debit, so you can take the credit .

08.01.2022 Thank you so much for the awesome feedback, Ronny. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... . #SilverPeacock #Accountants #TaxAdvisor #FreeConsultation #Review #CustomerFeedback See more

08.01.2022 If youre a consultant or contractor, the income you receive for your skills, knowledge, expertise or efforts may be classified as PSI. The PSI rules may affect what amounts you include in your assessable income, and what deductions you can claim. If your not sure, contact Silver Peacock & speak to one of our accountants & tax specialists.

08.01.2022 Deductions you can claim. Dodgy, work-related claims like dry cleaning and car expenses will once again be the most closely scrutinised, along with investment property deductions and earnings from cryptocurrencies and sharing economy platforms like Uber. More than 2.2 million Australians claimed over $47 billion in deductions in the 2017-18 financial year, led by work-related expenses and rental claims.... Contact our office for a free consultation.

08.01.2022 Thank you so much for the awesome feedback, Georgw. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... . #SilverPeacock #Accountants #TaxAdvisor #FreeConsultation #Review #CustomerFeedback See more

08.01.2022 Attention tradies: If youre operating a business in the construction industry, use the Australian Small Business and Family Enterprise Ombudsmans Dispute Support tool to recover money owing to you. You may also be eligible for help from Australian Building and Construction Commission. ... For additional help, speak to one of our accountants & tax specialists.

07.01.2022 TAX CUTS If youre operating a company in the construction industry and are required to pay payroll tax, we have some great news! NSW Government has increased the threshold and intends to make the threshold $1 Mil by 2021. ... This effectively means you can hire more as the government aims on cutting red tape. To learn more, contact one of our accountants & tax specialists.

06.01.2022 Attention tradies! If you are currently operating a business or planning on starting a business in the construction industry. Contact us today to discuss the business concierge program for tradies designed to help you navigate through all permits and license requirements faster. This can can help you with what you need to do, how to do it and when you need to get it done.... Call Silver Peacock today & speak to an accountant & tax specialist on how to register.

06.01.2022 IMPORTANT: Negative gearing Its no surprise, the ATO has announced it will be paying close attention to excessive interest expense claims, such as where property owners have tried to claim borrowing costs on the family home as well as their rental property. The ATO will be zooming in on properties where deductions have been made when the property was not rented out, including: ... (A) the property is advertised, giving it broad exposure to potential tenants (B) considering all the circumstances, tenants are reasonably likely to rent the property. If you require assistance, speak to one of our expert Accountsnts & tax specialists. Remember, we know what to debit, so you can take the credit

05.01.2022 ATTENTION: Business owners Silver Peacock team have received confirmation that ATO refunds that result from the Government stimulus package WONT be reduced by existing ATO debts. If you require assistance accessing the stimulus package, please contact us https://silverpeacock.com.au/enquiry/

05.01.2022 Whether you pay land tax on your property depends on: 1. the type of land; 2. what its used for; 3. its total value at midnight on 31 December each year;... 4. whether you meet the definition of a foreign person for land tax purposes; Generally, you dont pay land tax on: 1. your home, known as your principal place of residence; 2. your farm, known as primary production land; If you need help, contact us & have a chat with one of our accountants & tax specialists.

04.01.2022 IMPORTANT: Do you have an investment property or considering purchasing one? Heres what you need to know, Investors fall under the Capital Gains Tax (CGT) regime, a complex topic for many. Investors are assessed on any profit they make on the disposal of the property which may result in you paying tax on 50% of the gain that you make on sale.... Obviously, through the right planning & strategising, you can minimise the amount of CGT you pay. However, Investors are not subject to GST as the development is not a business transaction with a view to a profit. To learn more about how we can assist you in developing the right strategy for your circumstances, contact us and speak to one of our specialists today. Darren Tappouras has over 35 years in taxation & financial planning & can give you the right advise for your circumstances. Contact Silver Peacock today to speak to Darren or one of our other specialists. www.silverpeacock.com.au

04.01.2022 Thank you so much for the awesome feedback, Marten. Visit our website www.silverpeacock.com.au to learn more about what we can do for your company. . .... . #SilverPeacock #Accountants #TaxAdvisor #FreeConsultation #Review #CustomerFeedback See more

03.01.2022 If you need to know more about the Jobkeepers program or the $20,000 - $50,000 small business stimulus package, contact us and well walk you through every step and discuss your options! If you are operating a business and need the help of an amazing team to become more than just accountants and tax advisers, Silver Peacock is the place to go! Contact us today!

03.01.2022 IMPORTANT! Work related expenses The ATO has flagged it will be checking taxpayers who take advantage of the exemption from keeping receipts for people who spend less than $150 on laundry expenses. The ATO believes too many people are claiming this without actually incurring the expense. In most cases people do not keep receipts for these payments because the amounts may seem so small other reasons ink on the receipt may fade off.... There are ways of overcoming these simple yet important issues, contact Silver Peacock to speak to one of our expert accountants & tax specialists regarding recording keeping.

02.01.2022 The State Taxation Acts Amendment Bill 2019 was introduced on 28 May 2019. Relevant to developers are the significant changes to the acquisition of economic entitlements under the Victorian Duties Act 2000 in response to the Victorian Supreme Court case of BPG Caulfield Village Pty Ltd v CSR [2016] which found that the economic entitlement provisions of the Duties Act operated more narrowly than the Commissioner of State Revenue (Commissioner) previously contemplated. If the Bill passes, the new economic entitlement provisions will significantly broaden the scope of land development arrangements that will attract stamp duty.

01.01.2022 IMPORTANT: If you are involved in a property development project, even if the development or JV is your first OR potentially only transaction and if your intention is to make a profit then the development will be defined as a business activity. Get in touch with Silver Peacock today so you can discuss potential tax implications such as GST & Income Tax with one of our tax specialists!

01.01.2022 ATTENTION SPARKYS: These are the Industry benchmarks for electricians that the ATO will use when sparkys claiming deductions for their tax returns! These benchmarks are for activity statements for businesses as well as common components of certain categories such as motor vehicle expenses. ... As long as your expenses are within those boundaries, you should be safe. If you need assistance for the preparation & management of your financial affairs, we have made it easy, simple and affordable for every one regardless your business size! Call us for a chat today! Or book a free consultation. Remember, we know what to debit, so you can take the credit .