Tax & Wealth | Businesses
Tax & Wealth
Phone: 0295450488
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25.01.2022 Happy New Financial Year!! Its time to start fresh and get organised. Follow us for tips on how to keep on top of your paperwork this year! And for all our Early Birds out there, this article has some great information on why its best to wait a few weeks before you lodge your tax return. https://www.accountantsdaily.com.au//14550-early-tax-time-
25.01.2022 Happy Easter everyone. Enjoy your long weekend. #stayhome
24.01.2022 We are very excited to announce that Tax & Wealth now offers an in house Mortgage Brokerage service. Wayne Johnson, has over 30 years experience with helping people re-finance a more competitive loan, as well as assisting people with finance to purchase their dream home, or build wealth with an investment property. Wayne has access to the big well known banks as well as various smaller lenders. There is no fee for Waynes service, so call us today on 02 9545 0488 to see how Wayne can help you save money & achieve your financial goals.
24.01.2022 Happy Friday legends!!! We hope you are all managing ok and go into the weekend feeling like you have made some progress no matter how small. Enjoy your weekends - from the team at Tax & Wealth
23.01.2022 SOLE TRADERS - JOB KEEPER APPLICATIONS Sole traders who have had trouble with their applications, we have a series of screen shots that should help you complete it. Clients have expressed problems with:- 1. Finding the application - it is under 'Manage Employees'; 2. Errors with employees - you select '0' as number of ... employees (if you do not employ anyone else); Again - please be patient. The applications only opened today, and the ATO online services has struggled with demand. We expect this to ease over the next few days. There is still plenty of time to get your applications in.
20.01.2022 Congratulations - weve all made it to Spring Reminder to our businesses - job keeper declarations need to be lodged for August. Remember - you are still able to continue to claim Job Keeper even if your turnover has increased or more than your previous year. This is the case until the end of September. After this , new eligibility tests apply. #JobKeeperPayment
20.01.2022 The Governments $150k write-off has been extended 6 months until 31st December 2020. https://www.news.com.au///c3049eac897d1f13bb7d7d01bf6329ba
18.01.2022 For the businesses eligible for Job Keeper payments, applications will open on the 20th April. The quickest and most effective way to apply, is having access to the ATO Business Portal for your business.Download the myGovID app (different to myGov) and follow the instructions to prove your identity and link your business.
18.01.2022 Just a reminder that COVID restrictions still apply to weekend appointments. Our waiting room has a maximum of 4 people (this includes children) and only 2 customers can be in the interview room so please keep this in mind. If you are early for your appointment you can always treat yourself to a coffee and wait outside if there are already people waiting.
18.01.2022 Once the budget is announced on Thursday we will have some more information for you and how you are affected. In the meantime this is a good explanation of how JobKeeper will change moving forward. https://www.9news.com.au//7d570e73-bced-4d30-ac64-4fa1bdb6
17.01.2022 As you know, Job Keeper applications only started today. Don't be concerned if you didn't get your application in today. There is still plenty of time, and the ATO have extended hours to assist you. Technical problems should ease over the coming days, as demand reduces.
17.01.2022 It's June 30!! Happy End of Financial Year! We look forward to seeing you all soon.
16.01.2022 The most recent Government Stimulus Announced - Jobkeeper Payment. Your questions answered in this easy step by step explanation. NOTE: Individuals do not register or apply for this. ... Businesses can register their interest now, and later complete an application when it is made available. Sole Traders are also eligible.
15.01.2022 No matter how crazy the world gets we will always remember the dedication, commitment and sacrifice of our Defence Forces, past and present. #ANZAC #Lestweforget
14.01.2022 A Financial Health Check is a great way to get in control of your finances. It can answer a lot of questions you may often think about, but don't know the best or easiest way to get answers for. These may include:- * Am I getting the best deal I can with my current home loan? * Is a SMSF suitable for me? * Should I consolidate multiple super funds I have? How do I go about this?... * Can I release equity I have and use it to purchase an investment property? * Can I consolidate my debt to free up some cashflow? * Do I have adequate insurances that are suitable for my needs? * Should I have a Will? Contact our office on 02 9545 0488 for a complimentary Financial Health Check, or enquire at your next Appointment.
14.01.2022 The NSW Government have released a $10,000 cash grant for small businesses seriously affected by COVID-19. If you are a small business that:- * Is based in NSW * Employs 1-19 full-time workers * Has an annual turnover of more than $75,000... * Have experienced at least 75% decline in turnover due to COVID-19 Then apply through Service NSW For this grant. https://www.service.nsw.gov.au//apply-small-business-covid ** This is additional to the recent Federal government stimulus options, such as the cash boost for small business and recent Job Keeper payment **
13.01.2022 Our social media posts have been a little slow of late, due to our extremely busy tax season, and helping you all get your refunds as quickly as possible. As well as this, we are officially registered as a COVID Safe business for your reassurance, should you visit one of our offices.
13.01.2022 Did you know that if you worked from home during the COVID-19 shutdown you could claim a rebate on this year's tax return? Our latest blog article shows you how easy it is to claim!
13.01.2022 We hope everyone had a great Easter break! Heres a little reminder to start your week off on the right foot (pun intended!!). Stay safe everyone!
13.01.2022 Have you been working from home, or still working from home due to COVID? We have created this easy to understand fact sheet, explaining 3 x different methods for making a claim at tax time. You can head to our website for other worksheets to help at http://www.taxandwealth.com.au/wp-content/uploads/2020/07
13.01.2022 Gearing up to lodge? Make sure your income statement is marked as ‘tax ready’ before lodging. Most employers have until 31 July to finalise your income statemen...t, but we’ll let you know when it’s ready through your myGov inbox. If you do lodge before your income statement is ‘tax ready’, you may need to amend your tax return and, in some cases, additional tax may be payable. You can lodge your tax return using myTax via myGov on any device, or using a registered tax agent. For more info, visit www.ato.gov.au//Working-as/Accessing-your-payment-summary/
12.01.2022 JOBKEEPER REMINDER - The month of August has an extra fortnight to claim for (3 x fortnights). Even if your businesses turnover/sales have recovered after COVID, you still claim right up to the end of September. For those in doubt, we have published these from the ATO website. You must lodge your declaration by the 14th.
12.01.2022 What a great idea! We would love your feedback and welcome all reviews #accountantsaresmallbusinesstoo
11.01.2022 Congratulations - we’ve all made it to Spring Reminder to our businesses - job keeper declarations need to be lodged for August. Remember - you are still able to continue to claim Job Keeper even if your turnover has increased or more than your previous year. This is the case until the end of September. After this , new eligibility tests apply. #JobKeeperPayment
11.01.2022 Gearing up to lodge? Make sure your income statement is marked as tax ready before lodging. Most employers have until 31 July to finalise your income statemen...t, but well let you know when its ready through your myGov inbox. If you do lodge before your income statement is tax ready, you may need to amend your tax return and, in some cases, additional tax may be payable. You can lodge your tax return using myTax via myGov on any device, or using a registered tax agent. For more info, visit www.ato.gov.au//Working-as/Accessing-your-payment-summary/
10.01.2022 Are you like us and excitedly waiting for the start of Tax Time? Here's a few tips on why waiting until the end of July to lodge is a good plan! https://www.accountantsdaily.com.au//14502-tax-time-2020-a
08.01.2022 Are you a commercial Landlord? Or are you a business struggling to pay rent due to COVID-19. Whichever side of the fence you sit on, this new CODE OF CONDUCT is a must read. https://www.commercialrealestate.com.au//prime-minister-s/
08.01.2022 JOB KEEPER UPDATE There are 2 steps to Job Keeper applications:- Step 1 - ENROL. (You have until the 31st of May to enrol for the 2 X fortnight's in April);... Step 2 - ENTER Employee details, and your income figures for April, as well as your projected income for May. Note: Sole Traders you just have to enter the income figures (if you have no employees). FOR THOSE BUSINESS WITH EMPLOYEES:- You have until tomorrow night (Fri 8/5) to make sure you have paid your employees the minimum $1500 per fortnight (This does not apply to Sole Traders with Zero employees). If you use Single Touch Payroll you will report this to the ATO via your software.
07.01.2022 Do you need to review your Private Health Cover? Or have you been stuck paying the Medicare Levy Surcharge each year, because you didn't have time to source a basic Hospital Cover Policy? We have teamed up with Astute Simplicity Health, who offer extremely competitive premiums. Underwritten by St.LukesHealth, Australia's number one private health insurer for customer satisfaction the past 4 years. Simply call our office, or send us a message for a quote.
07.01.2022 $3000 Small Business Grant - applications closing this weekend. Make sure you click the link below and check eligibility requirements. https://www.nsw.gov.au//financial-assist/grants-and-loans
05.01.2022 So far this tax season, we have lodged over 1200 Individual Tax Returns, of which nearly 400 have been via Zoom or Phone. Wes and Marion are long term clients of ours, and live in WA. Unable to fly back to Sydney this year, and Marion having to be in the UK to look after her elderly mum during COVID - we had a successful tax meeting via Zoom from 3 corners of the Earth
05.01.2022 Its easy to get confused with so much information going around at the moment. So to help our clients we have created this blog to host all the tips and information we have collated for you. Stay safe everyone! https://www.taxandwealth.info/
05.01.2022 JOBKEEPER enrolment has been extended to 31st May JOBKEEPER catch up payments for employees have been extended to 8th May. Therefore you will still be eligible to claim Jobkeeper for the 2 X fortnight's in April by applying before 31/5/2020.... You now have until the 8/5/2020 to make sure your eligible employees have been paid the minimum $1500 Gross per fortnight, for an April claim. https://www.ato.gov.au/general/JobKeeper-Payment/
03.01.2022 Check out our latest blog post about the affects of COVID-19 on your rental income.
03.01.2022 As government restrictions are starting to wind back, we are looking forward to reopening our offices for face-to-face appointments where needed. If you are coming into the office we ask that you follow all signage outlining social distancing measures and please DO NOT come in if you are at all unwell. We are happy to reschedule your appointment for when you are feeling better. We will still offer you the opportunity to conduct appointments over the phone, email or Zoom but we hope to see some of you in person soon.
02.01.2022 1st of June - the countdown to our favourite season is on . Tax time!!! Now is the time to get your receipts together, and a diary of your working from home hours, which will be needed this year. Keep an eye out for the checklist we will post in the next couple of weeks to help you get organised.
01.01.2022 Feeling a bit overwhelmed as we return to term 2? Heres some inspiration to help get started on the right foot. https://www.google.com.au//www/tips-for-homeschooling/amp/
01.01.2022 Come on - we can do this! #mondaymotivation
