Total Tax Solutions in Caringbah, New South Wales, Australia | Tax preparation service

Total Tax Solutions

Locality: Caringbah, New South Wales, Australia

Phone: +61 2 8544 3096

Address: 3/339 Kingsway 2229 Caringbah, NSW, Australia

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

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• Tax preparation service
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• Financial service

25.01.2022 Arrived Bright and Early to get JobKeeper Declarations done - halfway through and look what has happened....ATO grrrrr Online services for agents We’re currently experiencing a high volume of traffic... We apologise for the inconvenience. We understand significant numbers of people need to access our online services. We are proactively managing our online traffic so that systems continue to be available. Thank you for your patience at this time. Please try again later.

23.01.2022 Working from home - start getting your records ready!

22.01.2022 Finally from the ATO..

20.01.2022 Latest news on JobKeeper extension https://treasury.gov.au//Fact_sheet-JobKeeper_Payment_exte

16.01.2022 3 Golden Rules to claiming a Tax Deduction: - Did you spend the money yourself and were not reimbursed.... - Was the expense directly related to your income - Do you have the record to prove it The ATO is still focusing on Work Related Deductions!

15.01.2022 SCAM ALERT With tax time in full swing, beware of myGov-themed SMS and email scams! These messages will often ask you to click on a link to verify your deta...ils, and may seem to be legitimate because they show in your ATO or myGov SMS message thread. Don’t click any links, and don’t provide the information requested. A genuine ATO or myGov message will never ask you to access online services via a hyperlink. Warn your family and friends to stay alert and visit our scam alerts page to learn more: www.ato.gov.au//Online-serv/Identity-security/Scam-alerts/

14.01.2022 Service NSW are offering some new Grants for Business. Please refer to the link below or Service NSW Website to see if you qualify https://www.service.nsw.gov.au/small-business-fees-and-char

14.01.2022 Working from home? You can claim 80c per hour from 1 March but that includes ALL costs. You could be better off with alternative methods.....so it’s important to have all household running cost information at hand when time to complete your return. That way we can work out the best deduction for you!

14.01.2022 There are New Small Business Recovery Grants available through Service NSW - go to: https://www.nsw.gov.au//financial-assist/grants-and-loans

13.01.2022 Scam Alert! The Australian Taxation Office is receiving reports of a new email scam that asks people to update their myGov or myGovID details. Scammers pretend...ing to be from the ‘myGov customer care team’ are emailing people and telling them they need to verify their identity by clicking on a link. The link goes to a fake myGov logon page designed to steal their personal information. If you receive an email like this, don’t click any links and don’t provide the information requested. A genuine ATO, myGovID or myGov message will never ask you to access online services via a hyperlink. If you receive an SMS or email that looks like it’s from myGov, but it contains a link or appears suspicious, you can report it to ScamWatch. If you have clicked on a link or provided your personal information, you can contact Services Australia’s Scams and Identity Theft Helpdesk on 1800 941 126. Visit www.ato.gov.au/scamalerts to find out more. Image and info via ATO

12.01.2022 Can't get into the office - no problem at all - happy to work with you over phone/email to get your Tax done ASAP!

12.01.2022 Monthly JobKeeper Declarations are due 1st July, we have sent out emails to all requesting information.

10.01.2022 Please be aware of Scams, especially in light of recent Cyber attacks. Do not give any information over the phone, if you are concerned about anything to do with the ATO please contact our office.

08.01.2022 Budget - Tax-related measures announced included: Personal tax rates - no changes were made to personal tax rates. The Stage 3 personal income tax cuts remain unchanged and will commence in 2024-25 as already legislated. LMITO retained for 2021-22 - provides a reduction in tax of up to $1,080. Not a tax cut, the avoidance of an increase. ... Temporary full expensing extended - the Government will extend the 2020-21 temporary full expensing measures for 12 months until 30 June 2023 - businesses with aggregated annual turnover or total income of less than $5 billion to deduct the full cost of eligible depreciable assets of any value, acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023. Loss carry-back extended - the loss years in respect of which an eligible company (aggregated annual turnover of up to $5 billion) can currently carry back a tax loss (2019-20, 2020-21 and 2021-22) will be extended to include the 2022-23 income year. Individual residency test reformed - the Government will replace the existing tests for the tax residency of individuals with a primary "bright line" test under which a person who is physically present in Australia for 183 days or more in any income year will be an Australian tax resident. Employee share schemes - the Government will remove the cessation of employment as a taxing point for the tax- deferred employee share schemes. ATO debt recovery - the AAT will be given the power to pause or modify ATO debt recovery action in relation to disputed debts of small businesses. Self-education expenses - $250 threshold to be removed.

07.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

06.01.2022 Optus outage, so no NBN. Phone has been diverted. Hopefully fixed today.

04.01.2022 A Good summary...

03.01.2022 We are making every effort to be Covid safe and sanitising after each client, however if you are unwell or have been to any of the latest hot-spots, please do not come to the office. For our safety and yours. We can still get your tax done by email/phone or Post - it's easy!

01.01.2022 Have you lodged your TPAR? Due date for reporting is 28th Aug. If your in the building and construction, cleaning and road freight industries and have contractors, that’s you!

01.01.2022 Budget 202122 has been released. Access the Budget papers at https://budget.gov.au The measures announced as part of Budget 2021-22 are subject to receiving ro...yal assent and are therefore not yet law. While we sometimes provide input on tax and superannuation policies, the Australian Government is responsible for the legislation which we then administer on their behalf. Learn more at www.ato.gov.au//New-legi/Latest-news-on-tax-law-and-policy