Tilenni Stiles & Associates in East Perth, Western Australia | Accountant

Tilenni Stiles & Associates

Locality: East Perth, Western Australia

Phone: +61 8 9228 2003

Address: 2 Brook Street 6004 East Perth, WA, Australia

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

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25.01.2022 As the existing jobkeeper arrangements come to an end, and with the widespread financial implications of Covid-19 still being felt, its more important than ever to stay financially healthy, in order to stay mentally healthy. Beyond Blue have partnered with Financial Counselling Australia to encourage anyone who needs it to seek advice on their financial position before letting those worries get the better of them. If you have lost your job, are going to struggle without jobkeeper/jobseeker, or are concerned as your mortgage holiday comes to an end, please contact a finance professional who can help you see some light at the end of the tunnel. There are many aspects to staying healthy for ourselves and our families and many resources to assist you. Please reach out.

25.01.2022 And they did it!!

25.01.2022 Our latest newsletter includes an update on all things Covid-19 related including Jobkeeper, rental properties, Insurances in Superfunds and early release of super. Please see the attached link and contact our office with any questions.

25.01.2022 We could not be happier that we have just exceeded our target for the Harry Perkins Institute of Medical Research Hawaiian Walk for Womens Cancer. Thank you to everyone who has donated and supported us in reaching our goal. If you wish to donate there is still plenty of time. Pia and Aaron will be walking 35Kms on Saturday the 4th of May. A number of us will be there volunteering and cheering everyone on.

25.01.2022 The walk is less than 5 weeks away. Pia and Aaron have been hitting the pavement and training hard for the big 35Km walk. If you are able to donate please click on the link below.

25.01.2022 We are all hearing about the $200bn Federal stimulus package, but how will Australia manage to repay such a large debt in the aftermath of the current crisis and how well positioned are we compared to other nations?

24.01.2022 Job keeper enrollments are open! Whether you are an employer reporting payroll through Single Touch Payroll or not, if youre a sole trader, a non salaried business owner, a beneficiary of a trust or a partner in a partnership; if your income has been impacted by the Covid-19 outbreak you may be entitled to job keeper support. Contact our office if you need assistance with your application and to see if you qualify. Employees, check with your employer whether they have reg...istered and make sure you complete a nomination form in order to receive this back dated stimulus boost. Stay safe everyone

24.01.2022 Thank you to everyone who has donated so far. We are over half way to our goal already!!!

23.01.2022 If you still havent done your tax for 2018 you have 6 weeks for a tax agent to do it for you. If you did it early but want to minimise tax for 2019 you need t...o contact someone now to get some effective planning in place. Be it salary sacrificing super to maximise your $25k, buying assets for a business (the new $30k immediate write off threshold was passed in parliament yesterday!!!) or distributing trust income efficiently. Go find a good tax agent and get on it!!! See more

22.01.2022 The ATO have released updated small business benchmarks this week, with the focus on identifying unreported cash economy activity between now and the end of the... tax year. Check your business performance through the links in my article and make sure you take appropriate action as necessary. Happy to help anyone in need of advice. See more

21.01.2022 In the current worldwide situation with COVID-19, staying mentally healthy is as important as staying physically healthy. The ATO are on board with assisting business owners who need to not only look after the numbers, but also their mindset. If you are a small business owner and feel you could do with a little help and support, please sign up for this free webinar on Wednesday 26th August (tomorrow) and listen to what is said. The Assistant Commissioner for Small Business will be joined by representatives from Beyond Blue who will be giving some tips on how to stay mentally healthy and where to go for help and support. #mentallyhealthy #ATO #smallbusiness

21.01.2022 WINNERS AGAIN FOR THE THIRD YEAR IN A ROW The results of the 2020 Client Service Awards have today been announced and Tilenni Stiles & Associates have won the Best Business Advice Firm for practices under $30 million. Tilenni Stiles & Associates were also finalists in Best Accounting & Consulting Services Firm. For the details of the awards see the link below the photo. We sincerely thank our clients who were once again responsible for our ongoing success and we greatly a...ppreciate their referrals. In these uncertain times, clients depend on trusted advisers to navigate and support them through all manner of challenges and the current COVID 19 virus is no exception. The virus is not just a health pandemic but it is also causing a serious financial contagion. We are not pessimistic and the world will eventually recover both from a health and financial perspective. In the meantime we are here to help by providing awesome advice!!!

19.01.2022 Today we celebrated Jill Stiles 60th Birthday. Happy Birthday Jill

19.01.2022 A very clear and succinct explanation of the changes to the CGT exemption on main residence disposals for non residents, prepared by our own Nick Phillips.

19.01.2022 If you arent lucky enough to be one of our business clients, and feel you havent had sufficient guidance and support through the current crisis, this article gives some practical ideas and strategies to make it through Covid-19 in one piece.

17.01.2022 Dear Client As you know we are here to help support you during the current crisis. We provide below a brief update to assist you to determine if you are eligible for the latest Jobkeeper payments announced yesterday afternoon, to support employers, employees and businesses....Continue reading

17.01.2022 Are you working from home? Do you know what you can claim on your tax return and what records you need to keep? Click on the link to the ATOs simple fact sheet, if you still arent sure make contact with us and we can provide further information.

16.01.2022 And they are still smiling! Just over half way already

16.01.2022 ASIC STANDS BY COVID-RELATED INSURANCE CLAIMS FROM SMALL BUSINESSES Two test cases are currently before Australian courts to clarify whether business interruption insurance covers loss of profits due to Covid-19. ASIC are urging insurers to do the right thing and have advice on their website for small businesses impacted. Contact your broker or insurer as soon as possible if you were affected in order to determine whether your insurance has a specific exclusion for pandemi...cs. If not, you'd be wise to start getting your records in order to substantiate a claim. Watch this space over the next couple of months to see the outcome of the cases.

15.01.2022 Team Tilenni Stiles at the Macquarie Bank Quiz who are raising funds for Youth Focus, supporting young people and their mental health. Wish us luck

14.01.2022 Yesterday, the Treasurer (Josh Frydenberg) spoke with the Big 4 banks and they have agreed to establish dedicated hotlines for employers to call in relation to accessing bridging finance to meet job keeper payments. If you are a small business employer who hasnt yet registered for job keeper for your employees because of cashflow pressure, call your bank now to get access to funds and register your employees before the end of April. . Those Hotline numbers are: Westpac -... 1300 731 073 NAB - 1800 562 533 (1800 JOBKEEPER) CBA - 13 26 07 ANZ - 1800 571 123 See more

14.01.2022 Federal stimulus package update - parents do not need to continue to pay for child care as of next week PROVIDED you are enrolled and your daycare stays open during this time WITHOUT charging you fees or gap payments. These measures are temporary but should help out those parents self isolating with kids at home but still paying fees. See this NTAA-prepared summary for further details and contact your day care provider to ascertain your personal circumstances.

14.01.2022 Legislation has been passed under the Commercial Tenancies (COVID-19) Response Act 2020 to outline responsible behaviours and prohibited actions between small business tenants and their landlords. NO evictions NO interest on arrears NO termination of leases... This applies where the tenant has been adversely affected by the Covid-19 epidemic. Good news for small businesses struggling to pay their rent.

12.01.2022 Yesterday, the Treasurer (Josh Frydenberg) spoke with the ‘Big 4’ banks and they have agreed to establish dedicated hotlines for employers to call in relation to accessing bridging finance to meet job keeper payments. If you are a small business employer who hasn't yet registered for job keeper for your employees because of cashflow pressure, call your bank now to get access to funds and register your employees before the end of April. . Those Hotline numbers are: Westpac -... 1300 731 073 NAB - 1800 562 533 (1800 JOBKEEPER) CBA - 13 26 07 ANZ - 1800 571 123 See more

11.01.2022 Here's a quick summary we have prepared on superannuation contribution changes and ATO audit activity. SUPER GUARANTEE RATE INCREASE The Superannuation Guarantee, commonly known as the Super Guarantee or SG for short, is the contribution that’s regularly made into your super fund by your employer to help bolster retirement savings and supplement the Age Pension. Currently, it is set at 9.5% of your base salary, however effective 1st July 2021 this will increase to 10%. Furth...Continue reading

11.01.2022 Workcover WA have confirmed that the jobkeeper top-up payments to employees WILL NOT be included in reported payroll figures for workers compensation insurance premium purposes. Only wages paid for work done are to be reported, so please make sure you are able to separately record wages and job keeper top-up payments through your payroll system.

11.01.2022 If you are self employed or have investment income and are required to make PAYG instalments, the Commissioner has offered Covid-19 support for you. He is giving you the option to not only vary your March instalment to zero, but to also claim back the credits paid in September and December to give you some cashflow. Usually penalties would apply for doing this if you have a tax liability at the end of the year, but all penalties and interest are being waived. It does mean that you will have a tax liability for 2020 but that can be dealt with under an arrangement at a later date. Speak to us now if this affects you and you need help in lodging a variation.

10.01.2022 With rental expenses exceeding income by $3.3 billion, the ATO will be cracking down on any deductions relating to loan interest, capital proceeds, travel and holiday home owners. Please see our article below for further details.

10.01.2022 Jill Stiles wins Counts 2019 Female Excellence in Advice Award! Were delighted to congratulate Jill Stiles on winning this award. Its great to see Jill being recognised for her hard work and commitment to providing quality financial advice to the community. Well done, Jill! We couldnt be prouder of this achievement, and we would just like to thank the hard work and dedication of everyone in the Tilenni Stiles & Associates team for helping to make it possible. We are also so incredibly grateful for the ongoing support of our loyal clients, who have helped Tilenni Stiles & Associates get to where we are today.

09.01.2022 The ATO is seeing more and more taxpayers buying and selling crypto currency, but are you declaring it for tax purposes, or do you even need to? If you need further advice call our offices.

08.01.2022 And now no payroll tax to pay until June if you are eligible. This is in addition to the $17,500 grant being offered.

08.01.2022 SMALL BUSINESS EMPLOYERS BE AWARE!! Last year I wrote an article on Single Touch Payroll (STP) and what will and wont change in terms of payroll reporting to ...the ATO. Legislation passed yesterday to extend the ATOs reporting requirement to ALL employers, regardless of the number of employees, from 1 July 2019 onwards. The ATO has worked with software providers to ensure that those with only one or two employees on their payroll are not financially disadvantaged by the need to report, and the link below gives a list of all providers offering a solution for less than $10 per month. Certainly MYOB announced yesterday at the Perth Incite presentation that their payroll-only offering will be ready by April 2019. If you do need assistance in making sure you are compliant, please feel free to PM me. The ATO are NOT extending deadlines on this one so beware! See more

06.01.2022 ATO scammers are out in force again. Please see our article below for details but dont be pressured into giving personal details over the phone. The ATO do not make calls to demand money, or make threats, or request credit card details.

06.01.2022 As the end of the tax year approaches, heres an excerpt from our latest newsletter focused on tax planning tips for everyone. Some for individuals and some for property owners or small businesses (including sole traders). Pay particular attention to the concessional superannuation roll forward if you want to boost your super AND claim a tax deduction - use it, don't lose it! If you want a full copy of the newsletter just ask one of our team.

05.01.2022 End of Year Payroll Finalisation All employers currently reporting payroll information via Single Touch Payroll (STP) are required to complete an end of financial year finalisation declaration. You MUST do this after your last pay run for the financial year. For the 2019-20 financial year:... employers with 20 or more employees will have until 14 July 2020 employers with 19 or fewer employees will have until 31 July 2020. Visit ato.gov.au/stpfinalisation for further information or contact us for assistance.

05.01.2022 The ATO have announced a new shortcut method to claiming expenses whist working from home. This new simplified method may be of benefit to those of you working from home for a short period of time, or where your record keeping is too onerous; but its not the best solution for everyone. Take a look at our easy-to-read guide prepared by our very own Kylie McGrath, and seek advice from your tax agent now as to the best method for you so you can make sure you have all those records in place for tax time.

05.01.2022 Today is the day Pia and Aaron walk the big 35kms for The Harry Perkins Walk For Womens Cancer. This is them at 3rd checkpoint, not sure they will be all smiles at the end

04.01.2022 Many congratulations to Tilenni Stiles very own Jill Stiles for taking out the Female Excellence in Advice awards at the Count Financial annual conference last... week in Wellington. Incredibly well deserved for someone who puts client service at the top of the agenda every time. We are a very proud team indeed. #femaleexcellence #countconference2019 #winner #tilennistiles #financialservices See more

01.01.2022 The Federal Government stimulus package aimed at supporting business during the caronavirus epidemic has been announced. The take-outs are as follows; Small businesses can get grants of up to $25,000 if turnover is below $50m and you have employed staff since January 1st 2020. It will be based on BAS reported figures for wages, and payable up to 50% of the cost where there is PAYG withholding on the BAS.... There is a minimum payment of $2,000 for those who dont withhold but have employees, ie where wages are below the limit for tax. 50% of apprentices wages will also be covered up to a maximum of $7,000 per quarter for the first 3 quarters of 2020. The instant asset write off has been extended to companies with turnover of $500m and for purchases up to $150,000 so up to June 30th you can get full deductions on bigger pieces of equipment. This starts today. Anyone on Newstart, the disability support pension, carers allowance, youth allowance, veterans support payments, family tax benefits, the Commonwealth senior health card-holders and aged pensioners will get a one off, non taxable, payment of $750 expected to be paid by mid April. Businesses in the tourism industry will have entry fees to national parks waived in a bid to encourage domestic travel. If you need more information, or are finding your business affected by the recent outbreak, please reach out to us to see what support we can offer to help manage your cashflow and profitability through this difficult time.

01.01.2022 Please join us in supporting the Harry Perkins Hawaiian Walk For Womens Cancer. On Saturday May the 4th we will be participating in the 35km Walk For Womens Cancer. Pia and Aaron will be completing the walk, while the rest of team supports them as volunteers on the day. In order for them to be eligble for the walk we must raise $1,000 per person. If you wish to donate to our team and help defeat cancer please click on the below link. Dont forget, all donations over $2 can be used as a tax deduction.

01.01.2022 A great summary of what stimulus support is available specifically for sole traders in all the chaos and confusion. Stay safe.

01.01.2022 For any of our clients who are experiencing financial hardship at the moment, here are the specific contact details for each of the major banks to speak to them about home loan deferrals. Stay safe and please contact us if you need assistance, advice, explanation, or just to check in for a chat. St George https://www.stgeorge.com.au//financia/apply-for-assistance... Westpac https://www.westpac.com.au//customer/apply-for-assistance/ CBA .https://www.commbank.com.au/latest/coronavirus.html Members Equity https://www.mebank.com.au/support/coronavirus-information/ Macquarie https://www.macquarie.com/au/personal/coronavirus ANZ https://www.anz.com.au/promo/covid-19/ Bankwest https://www.bankwest.com.au/help/coronavirus-support ING https://www.ing.com.au//tips-hints/financial-hardship.html P&N https://www.pnbank.com.au/about/news/2020/covid-19-updates/ AMP https://www.amp.com.au/home-loans/info/Home-loan-relief NAB https://www.nab.com.au//c/covid19-help/home-owners-support