Tax Orbit in Melbourne, Victoria, Australia | Financial service

Tax Orbit

Locality: Melbourne, Victoria, Australia

Phone: +61 1300 017 980

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25.01.2022 Summary of new $3 billion package $1.1 billion in cash grants for small and medium sized businesses to companies "most affected" by coronavirus restrictions; The establishment of a $251 million Licensed Venue Fund with grants of between $10,000 and $30,000;... Payroll tax will be deferred for businesses with payrolls up to $10 million for the full 2020-21 financial year; A further $137 million in tax relief on top of an existing $1.5 billion program of tax relief; $20 million for small businesses to help them access digital programs such as Shopify, training and workshops to adapt their businesses to online operations; $15.7 million for an export recovery package to address logistics and supply chain issues caused by the pandemic, and establish new export channels; $15.7 million for an export recovery package to address logistics and supply chain issues caused by the pandemic, and establish new export channels; $27 million worth of savings for businesses from the waiving of liquor license fees; $41 million savings for businesses from a 50 per cent cut in stamp duty for commercial and industrial properties in regional Victoria; and Grants of up to $20,000 to businesses in alpine resorts.

25.01.2022 Tribute to real heroes

24.01.2022 The expanded Business Support Fund will provide more than 80,000 eligible businesses with a new $5,000 grantto support them through the renewed restrictions. This grant was previously made available to the 12 postcodes linked to outbreaks. It will now apply to all areas under Stage 3 restrictions. More details will be available soon. ... Stay tuned with Tax Orbit for latest updates.

22.01.2022 Are you eligible for $25k Homebuyer Grant + $10k First Home Buyer Grant? First Home Buyers who are eligible can get $35k government support to purchase the dream home. #Homebuyergrant $25k for property below $750k... #Firsthomebuyergrant 10k #NoStampDuty for property below $600k #Renovations for the property value below $1.5 million and spending $150k or more for renovation and meeting the eligibility test below. Applicants for HomeBuilder must also meet the following two income caps to qualify for the Home buyer grant scheme. Singles must be earning $125,000 or less based on their 2018/19 tax return or later. Couples must have a combined income of less than $200,000 based on their tax returns. Note: $25k Homebuyer Grant is valid from 4 June 2020 till 31 December 2020. Give us a call today at 1300017980 or 0420229001 to discuss.

22.01.2022 Stay safe stay home Tax time 2020 Virtual meeting... Fast and better refunds We are together in this pandemic Contact is at 1300017980 or 0420229001

21.01.2022 Please be on the lookout for cyber scams that seek to take advantage of people during tax time. The Australian Taxation Office will not send you an SMS or email asking you to login and verify your MyGov details via a URL. Lets protect ourselves and others, if you are unsure, please call 1800 008 540 to verify or report a scam.... You can also keep up to date with the latest cyber threats by visiting www.cyber.gov.au/alert-service

19.01.2022 If you missed it, today is the last chance to enrol for JobKeeper payment. Just follow below steps: -Check your eligibility ... -Get nomination form signed by employee -Pay your employees for the month of June -Report to ATO between 1 July to 14 July -Get the wages reimbursed in your account Tax Orbit 1300 017 980

19.01.2022 We are taking virtual and face to face meeting both.

17.01.2022 Expecting Tax Refunds in this pandemic? Be patient little bit. Let Centrelink payments get updated to ATO and let employers finalised their STP. ... If you have all the information with you we are here to help you to get return fast. Thanks Tax Orbit

15.01.2022 Is your Business prepared to enrol for JobKeeper payment? If not follow below steps: 1. Register your interest for JobKeeper payment with ATO. Follow the link below https://www.ato.gov.au/Job-keeper-payment/... 2. Prepare BAS and review year to date financials to assess if your business turnover is effected or will be effected by 30%. 3. Provide JobKeeper nomination form to your nominated employees and ask them to complete and return to you by the end of April. 4. Provide a copy of completed JobKeeper Employee Nomination form to your Accountant. 5. Your Accountant can enrol for the JobKeeper payment from 20 April or you can do via ATOs business portal. If you have any queries dont hesitate to contact Tax Orbit at 1300017980.

13.01.2022 The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees a...Continue reading

13.01.2022 Weve always said wed help businesses through this pandemic and thats what were doing. Our support package announced this week includes over $530 million t...o help local businesses survive, and see this thing through. More than 80,000 Victorian businesses will receive cash grants of $5,000 to help cover the rent and pay the bills. And $26 million will go towards more mental health support so that business owners can take care of themselves and their employees. No ones ever dealt with this before, and theres no guide on how to get through a global pandemic. Thats why $10 million will be dedicated to mentoring and advising small businesses on how to adapt to the challenges were dealing with. $40 million will go to help regional tourism operators cover the cost of refunds, and accommodation providers will be able to claim up to $225 per night, capped at $1,125 for each and every cancelled booking. Were dedicating $20 million to a CBD Business Support Fund to keep Melbournes famous bars and restaurants going and were extending payroll tax deferral to the end of the year too. For our state to recover on the other side of this, our businesses need to recover. And well do whatever we can to make sure that happens.

11.01.2022 Q: When you can enrol? A: You can enrol at any time until the program closes. Q: Till what date we have to pay employees $1,500 per fortnight? A: Till 27th September 2020.... Q: Can employees nominate again if the original employment with jobkeeper ended? A: Yes, if the employee meet eligibility criteria and original employment ended before 1 July 2020. Q: What is the key date of assessing employee eligibility? A: The key date for assessing employee eligibility is now 1 July 2020 instead of 1 March 2020. Q: Till what date employers have to meet the wage conditions for employees for fortnights commencing on 3 and 17 August 2020? A: Employers have time till 31 August 2020 to meet the wage eligibility criteria for the new eligible employees under the 1 July eligibility test. If you have any query please feel free to contact Tax Orbit at 1300 017 980 or 0420 229 001.

11.01.2022 How Homebuilder scheme work? #HomebuilderScheme #CashGrant #Principalplaceofresidence... #Firsthomebuyergrant #Renovation Call us to discuss at 1300017980 or 0420229001.

08.01.2022 The net medical expenses tax offset is no longer available from 1 July 2019. You may still be eligible for this offset for previous income from 2015-16 to 2018-19.

04.01.2022 Pound, Yen, Peso, Euro, INR.. Received income from overseas sources last financial year? Whether its business income, bank interest, shares or investments, if it was sourced overseas make sure you declare it on your tax return.

03.01.2022 Eid Mubarak to all Muslim Friends

03.01.2022 We are together in this pandemic. Special offer for students. Students can get their Tax Return done in $70. Contact us at 1300 017 980 or 0420 229 001. [email protected]

03.01.2022 The Victorian Government has announced that Stage 3 Stay at Home will be in reinstated across metropolitan Melbourne and Mitchell Shire from 11:59 on 8 July 2020 to help slow the spread of coronavirus (COVID-19) in Victoria. These restrictions will be in place for six weeks and will then be reviewed by the Chief Health Officer. The return to Stay at Home restrictions mean that businesses within metropolitan Melbourne or Mitchell Shire such as restaurants, cafes, pubs, gyms,... indoor sporting venues, cinemas, live music, entertainment venues and other businesses are either restricted in their operations or can no longer operate. Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund - Expansion program. Applications for the program close on 19 August 2020. This program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020. Click below link to apply https://businessvic.secure.force.com/PublicForm