The Tax Factor in Parramatta, New South Wales | Financial service

The Tax Factor

Locality: Parramatta, New South Wales

Phone: +61 1300 829 322

Address: Suite 4, 80 George Street 2150 Parramatta, NSW, Australia

Website: https://thetaxfactor.com.au

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25.01.2022 Some good news for our #healthcare heroes! Both @Optus and Vodafone Australia are offering 2-3 months FREE for postpaid #mobile customers who are AHPRA registered healthcare workers. See more:... OPTUS USERS: https://www.optus.com.au/a/media-centre/coronavirus-support VODAFONE USERS: https://www.vodafone.com.au/media/1203-2

24.01.2022 Tax Factor Nominated AGAIN to Win Practice of the Year 2020! To our dear valued friends, clients and supporters. In 2017 AND 2019, we are proud to have won the Institute of Public Accountants NSW Practice of the Year Award thanks to your wonderful support, and it is with great pleasure to announce that we have been nominated once again for this prestigious award for 2020.... BUT in order to win - we need your vote and itll only take 30 seconds here https://shor.by/TaxFactorAward2020 This nomination recognizes the contributions we have made to the Accounting Industry, the positive impact weve had on our clients as well as the work weve done in the community. The Award is a way for Professional Practices such as ours to gain public and industry recognition for the vital work we do. SO! If you think we deserve this award, were hoping we can count on your support. Just please note that voting ends 1st September 2020! Vote here: https://shor.by/TaxFactorAward2020

23.01.2022 Enquire today for your Instant Asset Write Off! Now extended until 31 December 2020.

22.01.2022 WE DID IT! Thanks to your amazing support, we have hit our goal!! But that's not the most exciting thing... Thanks to our generous dollar matching partners, ...who were BLOWN AWAY by your support, they have added another $160,000 to continue to DOUBLE YOUR DONATIONS! Yep - that means we have until MIDDAY TOMORROW to reach 3,000 nights of support for seriously ill children and their families! Donate NOW: http://ronald-mcdonald-house-charities.giveeasy.org/social

21.01.2022 To all our clients who may be trying to reach us: Our 1300 Tax Factor phone line is experiencing some technical difficulties at the moment. We are expecting it to be restored within the next hour or so. Meanwhile, we can be directly contacted at our Parramatta office line at 02 8833 7501. Thank you for bearing with us! The Tax Factor.

21.01.2022 #NSW #Government introduces a new $10k grant for fast relief for small #businesses battling the #financial impact of #Coronavirus. Many local cafs, restaurants, corner shops, gyms and small accommodation providers will be eligible to apply. This is real, rapid relief for tens of thousands of businesses and it will help ensure many businesses that are not eligible for payroll #tax waivers and deferrals can live to trade another day. To be eligible, businesses will need to:... - have between 1-19 employees and a turnover of more than $75,000 - a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000 - have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020 - be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020 - use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice - provide appropriate documentation upon application. Read More Here: https://preview.nsw.gov.au//10000-grants-to-provide-fast-r

20.01.2022 From our family to yours, we wish all our fans celebrating the end of #Ramadan a happy and blessed #Eid Mubarak!

20.01.2022 Looking for a guide to surviving the impact of the #Coronavirus #Pandemic on your #BUSINESS? Dont panic. Were here to give you some top business tips on how you can best navigate this global #crisis and turn your uncertainties into #solutions.... In times of a global crisis, running a business can be extremely stressful and challenging. Business survival is completely contingent upon identifying your key stakeholders in your business and how they impact or influence your business strategy and survival. Once this is achieved, you then need to align their needs to your crisis strategy and vice versa. For most businesses, your key stakeholders are: The #Government #ATO, #Landlords, #Banks, #Customers, #Suppliers & your #Staff. Only by working with these key stakeholders, you can begin to cut costs, maintain your cash flow and take full advantage of the Government #stimulus package. In this video, we advise you how to do exactly that. *** Your Tax Factor Experts Are Here To Help Should at any time you wish to speak with one of our specialists to answer your immediate questions and help you navigate this difficult time, we are here to listen and help: 1300 829 322 thetaxfactor.com.au

20.01.2022 The Canterbury Bankstown City Council (@ourcbcity) has launched Smart City Smart #Business #Grants. The Grant: The CBC #Council will co-fund businesses DOLLAR FOR DOLLAR up to a maximum of $2,000 specifically for their online #marketing expenditure (i.e. the grant will provide you with 50% of the invoiced cost). For example, if your #e-commerce capabilities and/or online marketing is quoted at $1,500 the grant will cover $750 by CBC Council (be sure to apply first and see cr...iteria and link below). Eligibility: - Be a for-profit small business, registered for GST, - Have an ABN registered in #Canterbury #Bankstown, - Conduct their trade from within the Canterbury Bankstown Local Government Area, - Have an annual turnover below $5M, and; - Be able to complete their project / activity before 31 December 2020. What the Grants can be used for: - Developing a new website, - Improving an existing #website, - Developing an #online catalogue or #sales capability, - Purchase of specific and dedicated software (not hardware) to improve your online capability, - Undertaking paid online and social media advertising, and; - Develop an online ordering system and/or service for your product or services. Read more and apply here: https://www.cbcity.nsw.gov.au//smart-city-smart-business-g

20.01.2022 As a COVID-19 friendly accounting firm, we want to make your tax-time safe, stress-free and easy. Our offices are open in Parramatta, Merrylands and Liverpool, with staff following strict instructions to avoid stay at home should they show symptoms, and our clients are encouraged to do the same. Weve also launched a FREE Tax Factor mobile app so you can do your tax return from the safety and comfort of your own home in just a few clicks, from anywhere in Australia! ... DOWNLOAD THE TAX FACTOR APP Google Play: https://play.google.com/store/apps/details Apple Appstore: https://apps.apple.com/au/app/the-tax-factor/id1471965973 WHY Use The Tax Factor App? TOP FEATURES: Scanner - Easily scan and track all your important invoices, documents and receipts for tax time. Logbook - Keep track records of all your vehicle or fleet travel activities, including odometer readings and distance travelled for each vehicle, for each event. Address Book - Link invoices and receipts to contacts, and keep business contacts organised. Tax Calculator - Get an instant snapshot of your income, expenses, plus an estimate of your projected Tax return. Diary - Keep track of any tax-relevant notes or events. Its 100% FREE! NO hidden fees, NO commissions, NO ads, Non-obtrusive. Use from anywhere and stay organized. Save time and money. Completely digital and paperless. Designed by award-winning accountants. Easy to use, no headaches or lost receipts. Make tax time easy - get a tax return in just one click! Get the Tax Factor App Today on: Google Play: https://play.google.com/store/apps/details Apple Appstore: https://apps.apple.com/au/app/the-tax-factor/id1471965973

19.01.2022 Dont forget! The LAST day to claim JobKeeper for the month of May is TOMORROW! Remember - you must make a declaration on your ATO Business Portal every month by the 14th to receive the JobKeeper payments for the previous month (i.e. you must declare your business eligibility before June 14th to claim for the month of May, declare before July 14th to claim for June etc).

19.01.2022 You enjoy life. Well enjoy doing your taxes The Tax Factor, your All-in-One: #Tax #Accounting #Auditing #Payroll #STP #BAS #Business #Advisory #Finance & #CFO service. Easily do all your taxes from home with our handy Tax Factor app!... MAKE A BOOKING: 1300 829 322 thetaxfactor.com.au [email protected] Our Offices: Parramatta, Merrylands & Liverpool (NEW!)

18.01.2022 JobKeeper 2.0 WHAT YOU NEED TO KNOW EXTENSION DATES: Now extended from September through to 28 March 2021 - but what are the new conditions? REDUCED PAYMENTS: Based on hours worked, as well as a general reduction.... From 28 September 2020 to 3 January 2021, the JobKeeper payment rates will be: $1,200 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business for 20 hours or more a week on average, and for eligible business participants (such as sole traders) who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $750 per fortnight for other eligible employees and business participants, such as part-time workers who worked in the business for less than 20 hours a week. From 4 January 2021 to 28 March 2021, the JobKeeper payment rates will be: $1,000 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business for 20 hours or more a week on average and for business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and $650 per fortnight for other eligible employees and business participants. ELIGIBILITY RULES BUSINESSES After 27 September 2020, businesses and not-for-profits will have to meet a further decline in turnover test for each of the two periods of extension. For the period of 28 September 2020 to 3 January 2021, businesses and not-for-profits will need to demonstrate that their actual GST turnover has significantly fallen in the both the June quarter 2020 (April, May and June) and the September quarter 2020 (July, August, September) relative to comparable periods (generally the corresponding quarters in 2019). In order to be eligible for the second JobKeeper payment extension period of 4 January 2021 to 28 March 2021, businesses and not-for-profits will again need to demonstrate that their actual GST turnover has significantly fallen in each of the June, September and December 2020 quarters relative to comparable periods (generally the corresponding quarters in 2019). TURNOVER TEST: 50 per cent for businesses with an aggregated turnover of more than $1 billion; 30 per cent for businesses with an aggregated turnover of $1 billion or less; or 15 per cent for Australian Charities and Not for profits Commission-registered charities (excluding schools and universities). EXCEPTIONS? There may be concessions for businesses who made a significant acquisition or disposal between comparable time periods. EMPLOYEE ELIGIBILITY: Unchanged. Speak to your Tax Factor specialist for guidance - Make a booking: 1300 829 322 thetaxfactor.com.au [email protected] Our Offices: Parramatta, Merrylands & Liverpool (NEW!)

18.01.2022 The Tax Factor is proud to sponsor Ronald McDonald House Charities Greater Western Sydney Help us support sick kids at https://fundraise.rmhc.org.au/taxfactor

18.01.2022 Some great news for our #charity clients! #Charities registered with the #ACNC who have seen a decline in turnover of 15% or more will now have their #workforce eligible for the #JobKeeper payments of $1500 per fortnight, per employee. This is an excellent move considering the major impacts of the Australian bushfires and #Coronavirus #pandemic have had on #donations to the 57,000+ charities in Australia and their 1.3 million #employees.... Read more here: https://www.abc.net.au//charities-get-jobkeeper-s/12123876

18.01.2022 In the midst of the #Coronavirus crisis, the Australian Government has announced some important developments regarding #commercial #tenants arrangements. Where the #tenant is eligible for the Governments JobKeeper program and is a small or medium-sized enterprise (less than $50 million turnover), under the scheme, landlords will have to reduce leases in proportion to the reduction in the tenants #business. The waivers will have to account for at least 50 per cent of the red...uction in business. Deferrals rental payments that will need to be made, but can be put off must be spread over the remaining time on a lease and for no less than 12 months. That means that if a tenant had three months remaining on a lease, they would still have at least a year to make any deferred rent payment. "Landlords must not terminate the #lease or draw on a tenants security. Likewise, tenants must honour the lease." Commercial #landlords have been banned from evicting their tenants under a six-month moratorium previously announced. Read about this here, with more information coming soon: https://www.abc.net.au//scott-morrison-commercial/12129178 #AusPol #Ausgov #COVID19

17.01.2022 What's your dream luxury? Enjoy the finer things in life with the right financial guidance. Achieve your financial goals with the help of The Tax Factor. 2 x Winner of IPA Australia's Practice of the Year. All-in-one #tax, #accounting, #auditing, #business #advisory, #finance & #CFO service.... 3000+ happy clients Australia wide. A Tax Factor App that makes tax-time super easy! Get a FREE consult (normally worth $500!) on 1300 829 322 thetaxfactor.com.au #taxtime #taxseason #RollsRoyce #Luxury #life #success #money #Australia

16.01.2022 To our much-loved #friends, #family and followers, we know you may not be able to experience some of the best parts about #Ramadan this year, in person at least, but remember that your #community will be with you together in mind and in heart. From our family to yours, we wish you a safe, blessed, joyous and spiritually uplifting #HappyRamadan. #Iftar #Taraweeh #Masjid #Quran

16.01.2022 JOBKEEPER UPDATE IF youve not yet received your JobKeeper payments this week, then we recommend you double-check youre enrolled, have completed all the required steps and that you qualify for JobKeeper (31 May is the cutoff for April & May JobKeeper reimbursements). Follow the guide here: https://www.ato.gov.au//e/enrol-for-the-jobkeeper-payment/... NEXT, LOGIN to the ATO Business Portal at https://bp.ato.gov.au/ and inside the portal: 1) NAVIGATE to "MANAGE EMPLOYEES" and then "JOBKEEPER ENROL". 3) Then ENROL your business (unless you have already) 4) Then IDENTIFY eligible employees (employees must complete an employee or eligible business participant nomination notice, included in the link above) 5) Then make a DECLARATION of your businesses eligibility for JobKeeper (as set in the links above) that you satisfy the income turnover test - the Government has expanded how this can be calculated (do this EACH month to receive payments). 6) Ensure you PAY your employees at least $1500 per fortnight for the first two fortnights of April (8th MAY is the final day to do this) and each month thereafter that you intend to claim JobKeeper. Note: If you are a sole trader with no employees, you CAN apply yourself for JobKeeper, but paying yourself isnt required as youre setup as a sole trader. 7) As always - should you need any advice on JobKeeper, business and tax-related matters, feel free to reach out to the experts at The Tax Factor on: 1300 829 322 thetaxfactor.com.au

14.01.2022 #BREAKING: #ATO Reveals New Working From Home 80c per/hour #Tax Shortcut! With countless #Australians now working form home due to the #pandemic, the ATO is rolling out a new working from #home shortcut to make it easier for people to claim #deductions. The special new arrangement will allow people to claim a rate of 80 cents per hour for all their running expenses, instead of calculating costs for specific running expenses as taxpayers would under normal circumstances.... Read More Here: https://www.abc.net.au//claiming-tax-deductions-f/12128622 #Auspol #Ausgov #taxtime #accountant #accounting #business #finance #investment

13.01.2022 THE TAX FACTOR - PROUD SPONSORS OF RONALD McDONALD HOUSE CHARITIES Unless youve experienced it first hand, its hard to imagine what a family goes through when their child gets a serious illness. The fear, the sadness, the struggle, the stress... One such story is that of Mitchell, a young boy diagnosed with Stage 4 #Neuroblastoma and who - thanks to Ronald McDonald House Charities and their donors - will receive life-saving treatment and support.... The Tax Factor team are proud to announce our partnership with Ronald McDonald House Charities Greater Western Sydney - and this is a call to all of our clients, partners and members of the extended Tax Factor family to STAND with us to support sick kids like Mitchell. With #tax time coming up, this is the perfect time to give. All donations big or small are tax-deductible and will help make a big impact - and as an added bonus, for every donation made via the link below, THE TAX FACTOR WILL MATCH DONATIONS DOLLAR-FOR-DOLLAR!* Join us in supporting kids like Mitchell today at https://fundraise.rmhc.org.au/taxfactor @rmhcglobal @rmhcgws *Double Donation Terms and Conditions: Our Double Donation pool is not unlimited. All donations will be matched for the next 72 hours (ending 4pm AEST Saturday 20 June 2020) or until the pool of $10,000 is exhausted.

13.01.2022 When it comes to your financial matters, you want a tax genius you can trust has your best interests in mind. Thats The Tax Factor - our clients always come first as we guide you through the complexities of accounting to think beyond Tax for your best financial success. Our values have driven us to the forefront of accountants in Australia as a multi-award-winning firm, operating in 3 locations and growing. Find out Why over 3000 Australians choose The Tax Factor. ... Book a complimentary call to discuss your financial needs: 1300 829 322 thetaxfactor.com.au [email protected] Parramatta, Merrylands & Liverpool (NEW!). Download the FREE Tax Factor App to make managing your taxes too easy.

12.01.2022 ANNOUNCEMENT OF NEW OFFICE OPERATIONS: COVID-19 continues to impact Australians enormously, and this next quarter will be an unprecedented time for all of us. As accountants, our job is to help clear the fog as best we can: we are in regular contact with the ATO and other regulators about the questions being raised by you on a daily basis. Accountants have been designated as essential services, and The Tax Factor is able to continue to operate as long as we successfully pract...ice social distancing. Starting from the 1st of April, 2020, it will be business as usual for us. Our firm is able to work remotely, from home or from the office. We will not be conducting any face-to-face meetings until further notice this may change depending on new global developments, and will be reviewed on a month-to-month basis. We can be contacted in the following ways: Email enquiries can be sent to [email protected] or [email protected] Video Conferencing via Microsoft Teams or Zoom. If this is your choice, please advise prior to meetings so we can make arrangements or perhaps send you a link. Phone calls Our staff will be happy to contact you on your mobile or your landline in order to conduct appointments and consultations. Call us on 1300 829 322 for all enquiries. We strongly advise that all GST and tax files need to be submitted by clients in a digital format as we avoiding any drop offs until further notice this can be done either through email; Microsoft Teams; or through our Tax Factor App, which allows you to easily scan and upload documents and receipts, keep track of your business activity, compile a logbook for travel, and more. It also means that our team at The Tax Factor can receive and prepare your reports quickly, allowing us to serve you better. Our latest app version will be live this Monday the 6th of April for all users to download. For any assistance regarding the app, feel free to contact our office any time between 9am and 5pm, Monday to Friday. We dont know whats ahead of us, but in times of uncertainty, its never been so important to stay connected and informed. We appreciate your patience during these difficult times. We will update you all if there is any changes. Wishing you all a safe transition. The Team at the Tax Factor

12.01.2022 Need help navigating your #TaxReturn? Get in touch with a #Tax genius at The Tax Factor: 1300 829 322 thetaxfactor.com.au... Parramatta, Merrylands & Liverpool (NEW!). Download the FREE Tax Factor App to make managing your taxes too easy. See more

12.01.2022 "We want to offer our genuine congratulations on your hard-earned accomplishment Chris Vuong Nguyen. You are living proof that great things come to those who are willing to work hard to reach their goals. You have the determination and creativity to accomplish whatever you dream. Enjoy this exciting moment, and congratulations again on your wonderful achievement". - Bachir Zreika, CEO of The Tax Factor.

11.01.2022 Businesses DONT FORGET! Taxable payments annual report (TPAR) are due on the 28th August! If you need to lodge, most of the info youll need should already be on hand from your monthly or quarterly reporting. Lodge on time so you dont miss the deadline! Find out more about your TPAR at ato.gov.au/TPARlodge Need help? Speak to a Tax Factor Specialist on 1300 829 322 or visit thetaxfactor.com.au... What is TPAR? Put simply, this is an industry-specific report for companies that need to report the total payments theyve made to contractors for services, reported to the ATO through TPAR, which the ATO will then use to data match the annual income declared by contractors, helping to improve compliance.

10.01.2022 News driving you crazy? There's never been a better time to escape from all the fuss. Make it happen with the helping hand of The Tax Factor. 2 x Winner of IPA Australia's Practice of the Year. All-in-one #tax, #accounting, #auditing, #business #advisory, #finance & #CFO service. 3000+ happy clients Australia wide.... A Tax Factor App that makes tax-time super easy! Get a FREE consult (normally worth $500) on 1300 829 322 thetaxfactor.com.au #taxtime #taxseason #travel #life #success #holiday #Australia #getaway #uselections

10.01.2022 JobKeeper Update! TODAY - You can now LOGIN to the Australian Governments Business Portal here to complete your #JobKeeper application (for employers and sole traders): https://bp.ato.gov.au/ Navigate to "Manage Employees" inside the Business Portal. Note - youll need to download MyGovID for your business to login and verify your ID: https://www.mygovid.gov.au/... You can also read more about the latest instructions for Jobkeeper from the ATO here: https://www.ato.gov.au//e/enrol-for-the-jobkeeper-payment/ #Auspol #Stimulus #Coronavirus #COVID19 #Ausgov #StayHome #Business #Investment #Finances

10.01.2022 CEO of The #Tax Factor, Bachir Zreika, will be hosting a Webinar next Thursday for the Institute of Public Accountants in their Small #Business series on Future Ready Your Practice. Get insights into how #businesses can gain a competitive advantage by making use of the right digital tools and assets to increase their #growth, create more meaningful and better value-added services for clients, connect more seamlessly with your customers, better understand their needs, respon...d to their needs and enhance your decision-making process. DATE: Thursday, Sep 17, 2020 TIME: 1:00 PM - 2:00PM (Canberra, Melbourne, Sydney time) This short course also rewards 1.0 CPD Hours. REGISTER HERE: https://www.publicaccountants.org.au//event-/eventdetails

10.01.2022 Only a few days left till voting closes for IPAs Accounting Practice of the Year 2020! Wed be forever grateful if you helped us win for a 3rd time in a row with a genuine review! Itll only take 30 seconds here https://shor.by/TaxFactorAward2020 Our many thanks and appreciation in advance for your support.... The Tax Factor team.

09.01.2022 To our generous friends, fans and followers, Ronald McDonald House Charities Greater Western Sydney (a wonderful charity that specialises in helping sick kids and who The Tax Factor is proud to partner with) have been hit hard this year and need your help. For 24 HOURS ONLY they are hosting the Give a Night Appeal, where their partners are stepping in to match ALL donations dollar for dollar with the goal of raising $160,000 to help support kids like these: https://www.youtub...e.com/watch?v=4avqI2EREkY This means if you give $50, your donation becomes $100. If you donate $80, your donation becomes $160. But it’s only for 24 HOURS! Visit giveanight.org to help RMHC support these kids.

07.01.2022 Businesses: DONT MISS OUT ON JOBKEEPER! You have UNTIL 31 May 2020 to enrol for JobKeeper to claim April and May payments for your staff! Make sure youre ready to be reimbursed for JobKeeper payments by: Checking both you and your employees meet the eligibility requirements, and Paying your employees by the appropriate date for each fortnight.... REMEMBER! You MUST complete a business monthly declaration for each month between the 1st and 14th of the following month (for example, to be reimbursed for JobKeeper payments in May you need to complete your declaration by 14 June). For more info, visit: https://www.ato.gov.au//Job/In-detail/JobKeeper-key-dates/

05.01.2022 Why waste precious time on taxes and paperwork when you could be spending it with someone precious! Get back to enjoying life with those you love - with the help of The Tax Factor. 2 x Winner of IPA Australia's Practice of the Year. All-in-one #tax, #accounting, #auditing, #business #advisory, #finance & #CFO service. 3000+ happy clients Australia wide.... A Tax Factor App that makes tax-time super easy! Get a FREE consult (normally worth $500!) today on 1300 829 322 thetaxfactor.com.au #taxtime #taxseason #spring #holiday #family #mum #dad #parenting #kids #life #goodtimes #Australia

05.01.2022 Tax Time 2020 is only a few days away - BOOK NOW FOR EARLY RETURNS. Maximise your returns in the COVID-19 climate with our experts: 1300 829 322 thetaxfactor.com.au ... [email protected] OR Visit us at our Tax Factor Offices: Parramatta, Merrylands & Liverpool (NEW!). WHY Choose The Tax Factor? 3000+ happy clients Australia wide. 2 x Award Winners of IPA Australias Practice of the Year. All-in-One #Tax, #Accounting, #Auditing, #Payroll, #STP, #BAS, #Business #Advisory, #Finance, #Investments & #CFO service. Complete your tax returns in the safety and comfort of your own home with the Tax Factor App!

05.01.2022 NEW OFFICE OPENS IN LIVERPOOL! The Tax Factor is proud to announce the launch of our THIRD national location and FIRST *franchise* office at 2C/387-393 Hume Highway, Liverpool NSW! Meet the amazing new Liverpool Owners and Tax Factor specialists, Zouka and Mohammad.... ZOUKA has been one of our leading Senior Accountants and Business Advisors at The Tax Factor for the last 2 years, with her significant expertise as a registered tax agent gained over the last 7 years. Shes a professional known by clients and colleagues for her sound character, integrity and high consideration in her duty of care. MOHAMMADs passion for accounting and financial services over the last 5 years has seen him live up to The Tax Factor motto of "Think Beyond Tax". He is always thinking outside the box to ensure his clients achieve the best possible tax positions. Being a family man, Mohammad understands the importance of a good work-life balance and strives to achieve financial stability and security for all of his clients. We couldnt be happier that theyre leading the charge of our new The Tax Factor - Liverpool office, and we look forward to great things to come from this dynamic duo and their team. Send them your congrats and best wishes!

04.01.2022 Extension of the #JobKeeper Payment The Australian Government has extended JobKeeper by a further six months to March 2021, but importantly, they are reducing the payment rate with a two-tier setup based on employee working hours - a quick summary is below. WHAT YOU NEED TO KNOW... 1) #Businesses do not need to re-enrol into JobKeeper if you have previously been enrolled. 2) The turnover tests for JobKeeper will become based on actual turnover on a quarterly basis from 28 September. 3) JobKeeper can be claimed for employees who started after 1 March (the previous cutoff period) up to 1 July 2020. 4) JobKeeper will be reduced and paid at two rates: FROM 28 September 2020 to 3 January 2021 = $1200 p/fortnight for all eligible employees or business participants* working an average of 20 HOURS a week in an eligible business or not-for-profit. - OR - = $750 p/fortnight for employees or business participants working LESS than 20 HOURS a week on average in the reference period. FROM 4 January 2021 to 28 March 2021 $1,000 p/fortnight for all eligible employees or business participants who work on average 20 HOURS or more a week. -OR- $650 p/fortnight for employees or business participants who were working for LESS than 20 HOURS a week on average in the reference period. Need help navigating JobKeeper or other #tax, business or #financial matters? Speak to a Tax Factor specialist today: 1300 829 322 thetaxfactor.com.au Email: [email protected] Or visit an office near you: Parramatta, Merrylands or Liverpool. READ MORE about JobKeeper from the Australian Treasury HERE: https://treasury.gov.au/coronavirus/jobkeeper

04.01.2022 CEO of The #Tax Factor, Bachir Zreika, will be hosting a Webinar THIS Thursday for the Institute of Public Accountants in their Small #Business series on Future Ready Your Practice. Get insights into how #businesses can gain a competitive advantage by making use of the right digital tools and assets to increase their #growth, create more meaningful and better value-added services for clients, connect more seamlessly with your customers, better understand their needs, respon...d to their needs and enhance your decision-making process. DATE: Thursday, Sep 17, 2020 TIME: 1:00 PM - 2:00PM (Canberra, Melbourne, Sydney time) This short course also rewards 1.0 CPD Hours. REGISTER HERE: https://www.publicaccountants.org.au//event-/eventdetails

04.01.2022 From 1 June, clubs and restaurants can seat up to 50 patrons. The 4 square metre per person rule will still apply to all venues, so capacity will be based on the size of each venue. All customers must also be seated and no bookings of more than 10 will be allowed. Please remember that physical distancing and good hygiene must be practised at all times while youre out and about. And if youre unwell, get tested and stay home.... Find out more https://bit.ly/Pubs-Clubs-Cafes-Update

03.01.2022 When your amazing clients think youre pretty amazing too When our #clients are happy, were happy! Next time you see us, were sure going to be a little jollier around the midsection with all these tasty #gifts! #Tax #taxtime #taxreturn #accountant #business #finance #investment #SMSF #chocolate #rockyroad

03.01.2022 Need help with your #business or #financial matters? Get in touch with a #Tax Factor specialist today: 1300 829 322 ... thetaxfactor.com.au Email: [email protected] Sydney | Parramatta | Merrylands | Liverpool. See more

02.01.2022 Wishing you and your family a day of great joy, good food and blessings. #happyEidAlAdha Your friends at The Tax Factor

01.01.2022 DON'T FORGET the 31 October Tax Return DEADLINE BUSINESS OWNERS, get a bonus 6 months of extra time to submit your tax return, GST (if paying annually), or pay your taxes IF you lodge your tax return with The Tax Factor, a registered tax agent. Skip the October 31 deadline all the way to May of the following year, keep potential earnings in your pocket for longer for better cashflow management and take advantage of the extended deadline with The Tax Factor. Extend your tax deadline. Get in touch with our award-winning specialists on 1300 829 322 thetaxfactor.com.au