Trend Partners in Parramatta, New South Wales | Accountant

Trend Partners

Locality: Parramatta, New South Wales

Phone: +61 2 8861 9888

Address: 52 O'Connell Street 2150 Parramatta, NSW, Australia

Website: http://TrendPartners.com.au

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• Business service
• Tax preparation service
• Accountant
• Business consultant

25.01.2022 Monday morning vibes!

22.01.2022 Maya Sunny Honey is a long time client of ours and produce the absolute best honey I have ever tasted. As you can see from the video, made with care and love. Please share the video and visit their website to experience the exciting range of honeys available.

14.01.2022 Some happy thoughts for Monday. Support our local small businesses as much as you can !

08.01.2022 ATO to review ‘thousands’ of JobKeeper, cash flow boost denials Thousands of taxpayers could now retrospectively receive JobKeeper and cash flow boost payments following the ATO’s acceptance of the Full Federal Court’s decision. The ATO has now committed to automatically reviewing decisions where it denied businesses access to JobKeeper and the cash flow boost based on its erroneous interpretation of its discretion to grant further time for a business to hold an ABN or provid...e notice to the commissioner of assessable income or supplies. The revelation comes after the Full Federal Court had ruled in March that the ATO’s use of the discretion was narrower than intended. The ATO on Thursday published its decision impact statement in response to the court case, confirming that it would not appeal the decision and that it would revisit earlier ATO decisions where the outcome may have been different if the court’s reasoning was applied. The Tax Office has also updated its law administrative practice statement PSLA 2020/1 to reflect its broader discretion to allow further time for an entity to hold an ABN or provide notice to the commissioner of assessable income or supplies. The ATO noted, however, that it will only review cases where all other eligibility criteria have been satisfied. The Tax Institute’s senior advocate, Robyn Jacobson, said the ATO’s change in approach would potentially impact thousands of businesses who had been previously denied the COVID-19 stimulus payments. For clients who received a previous decision which declined to exercise the commissioner’s discretion, the commissioner will automatically review their circumstances and whether his discretion should be applied. The ATO will contact these taxpayers when they have completed their review or if further information is required, Ms Jacobson said. There will be some taxpayers who never enrolled in JobKeeper, because they thought they were not eligible, or had sought advice and were advised that they were not eligible. These taxpayers will be able to contact the ATO for a review of their case. I would expect it would affect thousands of taxpayers. https://www.ato.gov.au/law/view/document

06.01.2022 BEWARE - the phone scammers are at it again. We've had a number of clients tell us recently that they've had a call from the "ATO" about tax fraud and arrest warrants, suspended tax file numbers, and more. Please do not respond or take action on these calls - just report them to the ATO. ... You can find out more about scam alerts on the ATO website, where they also provide detail on the latest and previous alerts. Find out more here: https://www.ato.gov.au/.../identity-security/scam-alerts/ You might also wish to sign up for regular email updates from the ATO which you can also do via the page above.

05.01.2022 The ATO are trying to make life easier for claiming working from home expenses - but with a catch !

04.01.2022 Welcome to the Trend Partners FaceBook page - reactivated. I will be posting regular updates on here, but in the meantime please contact the team on 02 8861 9888 if you have any issues you need help with. Rod Norris Director

03.01.2022 ‘Penalties will resume’: ATO flips the switch on debt recovery Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO as it confirms the resumption of its compliance activities in the wake of JobKeeper ending. With the JobKeeper program officially over, the Tax Office has now confirmed that it will resume pursuing and enforcing debt recovery action....Continue reading

01.01.2022 From 1 July, employers with fewer than 19 employees will have to use Single Touch Payroll reporting for closely-held payees that is, individuals directly related to the entity paying them, such as family members or directors. This marks the end of an exemption the ATO put in place during the Covid-19 pandemic last year. https://lnkd.in/ggrV2zz