Taxlink Accounting & Taxation Services in Williamstown, Victoria, Australia | Tax preparation service

Taxlink Accounting & Taxation Services

Locality: Williamstown, Victoria, Australia

Phone: +61 3 9397 1455

Address: 87a Douglas pde 3016 Williamstown, VIC, Australia

Website: http://www.taxlinkwilliamstown.com

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• Tax preparation service
• Accountant
• Financial service
• Financial planner

23.01.2022 We would like to thank you for your ongoing support and wish you a Merry Christmas and a Happy New Year. Our offices will be closed from the 20th December 2019 to the 20th January 2020.

23.01.2022 Can you believe the end of financial year 2019/20 is almost upon us? Amongst all the distraction and chaos we are simplifying everything this year with our top 10 strategies you may wish to discuss with your financial adviser or accountant before 30 June. 1. Top Up Your Super Contributions... 2. Bring Forward Super Contributions 3. Make a Spouse Contribution 4. Get a Government Co-Contribution 5. Lodge Your Deduction Notice 6. Review Salary Sacrifice Arrangements 7. Pre-Pay Expenses & Crystallise Losses 8. Defer Income & Gains Until July 9. Gather Your Receipts 10. Meet Minimum Pension Standard Maximising Super Contributions - Financial Adviser If you’re under 65 or otherwise eligible to contribute to super, you should think about maximising your contributions. However, there are limits on how much you can contribute - generally, up to $25,000pa from ‘before tax’ money (e.g. employer and salary sacrifice contributions). We can discuss your assessable income, potential tax deductions associated with topping up your super and determine if this strategy suits your circumstances. If your spouse isn’t earning much, you can consider giving their super a boost. If your spouse earns below $37,000 you might be able to claim a spouse contributions tax offset of up to $540 when you contribute $3,000 to their super. While it’s generally too late to enter into a salary sacrifice arrangement for employment income earned in the current financial year, you should review your future arrangements for the coming 2020/2021 financial year to ensure they’re effective. Bring Forward Expenses and Defer Income - Accountant If you think you might earn less next year, you would generally want to think about bringing forward tax deductible expenses and deferring assessable income. You can pre-pay up to 12 months of expenses such as interest on an investment loan. This applies to deductible work-related expenses like insurance premiums for income protection policies too. If you’re planning on buying a new work-related tool (e.g. adding to your professional library or tools of trade) it’s immediately deductible if it costs less than $300. If you’ve realised a capital gain during the year, you might want to consider bringing forward the disposal of an asset carrying a capital loss to offset capital gains. Deferring income can be problematic, but worth considering if you are certain that you’ll earn less next financial year. Get your admin in order It’s a good idea to start gathering your paperwork, including those pesky little donation and incidental receipts, so you’re ready to meet your accountant early in the new financial year. What to do now? Book your phone or video meeting with James Weir, Trent or Steve Medcraft. This week we can find out if any of the 10 strategies listed above might need further consideration in light of your personal circumstances.

20.01.2022 Once again, the power has been out in Williamstown today. We appreciate your patience and if you cannot get through on the phones please either message us here or via email.

15.01.2022 After over 30 years the time has come, we are moving. From September we will be permanently based in Point Cook. We will be offering the same great service. if you can not get to Point Cook, don't fret, we are available for phone appointments or email.

07.01.2022 Dear valued clients due to the Corona-virus outbreak, we are limiting face to face contact, we are still operating but during this time we will both be working remotely from home, our offices will be closed until further notice. We will still be taking appointments and they will be conducted via phone, Skype or email. You can contact Steve on 0487 240 554, Trent on 0459 475 139 our office or numbers 03 9397 1455 etc will be available to leave a voice they will be checked between 9 and 11 most mornings also during this time collecting mail, processing refunds and taking payments for outstanding invoices over the phone.