Trim Taxation & Accounting in Hornsby, New South Wales | Tax preparation service

Trim Taxation & Accounting

Locality: Hornsby, New South Wales

Phone: +61 2 9477 5882

Address: Office 715 1C Burdett Street 2077 Hornsby, NSW, Australia

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25.01.2022 Are you legible for the JobKeeper payment? Don't leave it too late - you only have until the end of May if you want to be reimbursed for wages paid to eligible employees in April and May. Please contact me today, I can enrol on behalf of you too.... [email protected]

25.01.2022 Monday's are hard. Not doing your tax return for 5 years? Trust me, this is harder, for YOU! I have supported my clients with tax returns which have not been completed for many years. It's not a fast process, but it's a process we have certainly conquered.... It's definitely not late to contact me for some help. E: [email protected]

24.01.2022 ATTN: Small Business Owners. Did you remember this today? Feel free to contact me tomorrow if you need some help here.... Ph: 9477 5882 or E: [email protected] See more

24.01.2022 Reminder, we are at that time again! Please contact me if you would like to sit down, have a chat & have a professional look after you and your tax and accounting concerns. E: [email protected]

23.01.2022 Welcome to May! I think we can all agree, since we are already in May - it won't be long before we blink and it will be nearly Christmas! But, hold that thought. Don't forget - you can contact me.... I am accessible over the phone and via zoom if you require further support with your Tax or Accounting concerns. Email: [email protected]

23.01.2022 Happy 1st of July! For all my number fans out there you made it to end of financial year, so kudos to you! I am back in the office next week, so dont despair if you havent gotten around to doing your tax as yet. There is, and will still be time.... You can email me at: [email protected] Cant wait to hear from you!

23.01.2022 If you are closing your business over the Christmas holidays don’t forget about your single touch payroll obligations. If you are closed over a period that a lodgement is due then you can lodge multiple payments before you close. If you need to make changes to any of the lodged information then you will need to make them in the next pay run after you re-open. ... If you would rather lodge after you come back to work then you have to apply for an operational deferral. If you wish to speak further about the above, please feel free to contact me. E: [email protected] P: 9477 5882

22.01.2022 David Thornton of Money Magazine has drawn up an informative article for those who are building new homes. This is yet another avenue of support for us who are affected by the COVID 19 Pandemic crisis. As quoted:... "Builders of new homes would receive a $50,000 cash incentive under a New Home Boost scheme proposed by the Property Council of Australia to reinvigorate the housing market, generate jobs and boost consumer confidence."

22.01.2022 Important The year may be coming to a close, however it is important for you as a small business owner or individual, that you are aware there will most likely be more financial changes heading our way. It has never been more important to have someone who can act on your behalf, support and discuss with you your current circumstances and how, (whilst we battle the covid19 pandemic) help may be available to you.... I am a public accountant and tax agent based in Hornsby. I also offer outside business hours by appointment. Please contact me today, I would love to help you. E: [email protected]

21.01.2022 Important: Personal income tax cuts were introduced in the budget which will bring forward legislated tax cuts to 1 July 2020. If you are an employer you will need to download the new rates from the 2020-2021 tax tables. ... The link is provided below. https://www.ato.gov.au/Rates/Tax-tables/ If you wish to further discuss please contact the ATO or myself: [email protected]

21.01.2022 The struggle is real. Protect those eggs! Happy FRIDAY

21.01.2022 Jobkeeper. Yes - it has been extended but are you aware there are some significant changes made to this allowance? Let's break it down:... Jobkeeper has been extended by 6 months to 28 March 2021. Eligibility differences are that the employee must be employed from 1 July (previously 1 March). The rates per fortnight will drop to $1,200 from 28 September 2020 and then $1,000 from 4 January 2021. A lesser rate of $750 from 28 September 2020 will apply to employees who work for less than 20 hours per week on average and business participants actively engaged in the business for less than 20 hours per week. This lesser rate will drop to $600 from 4 January 2021. Eligibility requirements mean that entities will have to meet additional turnover tests. From 28 September 2020 businesses must meet the 30% decline in actual turnover for the September quarters. From 4 January 2021, the test is for the actual turnover in the December quarters. Still confused? Contact me today, this is exactly what I am here for! E: [email protected]

20.01.2022 Due to COVID 19 & other surrounding circumstances - it is important to note that tax time for 2020 will appear slightly different to normal. A few important points to mention: Single touch payroll. You must be reporting all payroll information through this portal.... Are you an employer? Did you receive the boost cash flow amount? This amount is tax-free & you are entitled to a deduction for the PAYG withholding paid. The instant asset write off threshold amount has increased from $30k to $150k from 12th March 2020 - end of 2020. Want to chat about any of the above? Happy to help - dm or email: [email protected]

19.01.2022 If you are NOT going through a tax agent - your 2019 tax return was due October 2019. If you ARE going through a tax agent - your 2019 return was due 15th May 2020.... Please, do not leave this any longer to avoid being penalised! Contact me today & we can work together to get the job done! Dm or email: [email protected]

19.01.2022 Friday words of wisdom! Thank you Money Magazine Australia Have a fabulous weekend!

19.01.2022 Enrolled for the JobKeeper Payment? Upon identifying your eligible employees, you must make a business monthly declaration to the ATO. You can do this from the 1st to the 14th day each month to receive reimbursements for the payments you make to your employees in the previous month.... Need to know more? Contact the ATO or me! DM / E: [email protected]

19.01.2022 JobKeeper - FAQs Q: Do the JobKeeper payments contribute to my income at tax time? A: YES. If you are receiving the monetary JobKeeper support payments, it will absolutely be a contributing factor to your income. ... NOTE: The normal rules for deductibility apply in respect of the amounts your business pays to its employees where those amounts are subsidised by the JobKeeper payment. The JobKeeper payment is not subject to GST. If you have any questions or concerns around this please contact me today. Email: [email protected]

18.01.2022 Were you aware of this? Keep reading. The instant asset write-off has been extended to 31 December 2020 for businesses with an annual aggregated turnover of up to $500 million. Businesses are able to claim an upfront deduction on purchases of depreciating assets which cost up to $150,000.... If you need to know more, please feel free to contact me today! E: [email protected]

18.01.2022 Ok, you're self-employed. This does not mean you're exempt from the tax world. If anything, it means you need to be organised and have a bit of structure in place to make sure when it comes to discussing with your tax agent or account any financial issues - you have the documentation to support it.... I always tell my self-employed clients: 'SAVE YOUR DOCUMENTS' Whether it's receipts in physical form, a spreadsheet on your computer, or uploaded files directly via the ATO app - make sure you have copies and you have proof. If you feel you'd like to chat about how I can help you with this further, please feel free to contact me: [email protected] 9477 5882

16.01.2022 === Time to take a breather === I am out of the office enjoying the green trees and blue sky. After a big few months, I am taking a little time out and will return on the 7th of July.... Emails will be looked at, but please know there may be a delay in responding. Thank you for your patience & understanding, Tracie

15.01.2022 It's Monday night and we are slowly making our way through November to reach a well-earned break! But. Have you done your tax yet? Have you got some questions associated with JobKeeper, JobMaker, or JobSeeker you need some guidance with?... Are you simply after someone who actually cares about your small business and wants to provide legitimate support to you and it? Well, hello - it's me you're looking for. [email protected] 9477 5882

15.01.2022 Important The JobKeeper payment is an initiative to support those who genuinely need support. All applications are thoroughly checked and if an honest mistake is made, the ATO will work with you to have this rectified.... Make sure you only: claim for your eligible employees revise activity statements if you've genuinely made a mistake in calculating a fall in turnover for your business apply for JobKeeper Payment if you're carrying on an eligible business that has assessable income. If you need some support here, please contact the ATO or me! E: [email protected]

14.01.2022 Wishing you a very Happy Mothers Day! For the first time, in a very long time today, I get to see my daughter, her family as well as my grandkids. So grateful we have this time together in this crazy time of life.... Have a beautiful day friends. Tracie

14.01.2022 If you're keen to get your refund - don't leave it to the last minute. Prepare for it now! DM or email me: [email protected]

12.01.2022 Reminder! If you need some assistance in organising your October monthly BAS - please contact me. [email protected] OR 9477 5882

12.01.2022 One of the stimulus measures the government has implemented is the cash flow boost for employers. Get a cup of tea or a glass of wine and keep reading (it's long, but thorough) If your business: Had an aggregated annual turnover last year less than $50 million... Held an ABN on 12 March 2020 Made payments to employees that was subject to PAYG withholding (even if the amount withheld was nil) Lodged on or before the 12 March 2020 your 2019 tax return or a BAS for any period after 1 July 2018 and up to 12 March 2020 showing you made a taxable, GST free or input-taxed sale then you may be eligible for this boost. This tax-free boost is between $20,000 and $100,000 and is delivered by way of credits to the activity statement. The initial amount is based on the PAYG withheld (PAYGW) shown on your BAS. If you lodge quarterly then it would be 100% of the PAYGW. If you lodge monthly then you will receive a credit three times the amount of the PAYGW. Eligible businesses will receive a minimum of $10,000 from March to June even if the total withholding is less than $10,000. The amount cannot exceed $50,000. The ATO will automatically credit your account when you lodge your BAS. The amount will be applied to reduce any liabilities raised on the BAS so if a credit remains then generally you will receive a refund. Eligible businesses who receive the initial boost in March will then receive additional credits when you lodge your activity statements for each month or quarter from June 2020. The amounts will be equal to the initial boost received. If you lodge quarterly then the amount will be 50% of the initial amount received. For example, if you received $10,000 for March then you will receive $5,000 credit for June 2020 and $5,000 for September 2020. If you lodge monthly then you receive 25% of the initial credit for June, July, August and September 2020.For example if you received $20,000 credit for March then you will receive $5,000 credit for each month lodged -June, July, August and September 2020. If you need further support on the above, please contact me Email: [email protected]

12.01.2022 Don't be concerned that June is creeping up slowly! Be prepared and be aware. With the many changes occurring and will continue to occur, it will be in your best interests to place your Tax and Accounting enquiries in the hands of someone who is professional, reliable and who is actually across the changes taking place.... I am here and here to help. Email: [email protected] or DM me.

12.01.2022 Important Remember to lodge your tax return and activity statements on time even if you may not be able to pay on time. Help is available by way of payment plans and lodgement deferrals for upcoming lodgements. ... Contact the tax office or your tax agent for more assistance. You can reach me at: 9477 5882 Alternatively email me: [email protected]

10.01.2022 "They shall grow not old, as we that are left grow old; Age shall not weary them, nor the years condemn. We will remember them." Anzac Day 2020

10.01.2022 Have you received an early release of your super? Are you eligible for this? Be warned, there are fines of up to $12,000 for those who make false or inaccurate statements to withdraw the second round of $10,000. Money Mag has brought out an informative article that I encourage you to have a read over.

09.01.2022 Happy MONDAY Are you still working from home? Read on ... Remember to keep a record of your hours actively engaged in work duties for at least four weeks in order to substantiate any claims for home office costs. You are able to claim 80 cents per hour for the period 1 March to 30 June 2020 however this covers lighting, heating, depreciation of office equipment, phone, internet and computer and stationery consumables. Otherwise you may find that if you claim deductions for a portion of your phone, internet, etc as well as home office then you can use the 52 cents per hour. The 80 cents Covid claim will cease to apply from 30 September 2020.

09.01.2022 Reminder! If you need some help getting your June BAS sorted, please contact me - I would be happy to help! E: [email protected]

09.01.2022 Wednesday vibes for accountants everywhere! #whatayear #trimurtax #taxagentsydney #publicaccountant

09.01.2022 Today's reminder is brought to you by, Sunday. The gentlest reminder that tomorrow, we begin the week again & Mondays are the perfect opportunities to tackle those items on your list you have been pushing back for months! I.E - Your Tax. ... This is where I come in. I can assist you with your Accounting and Tax enquiries & I'm based in Hornsby with flexible hours and days. Why not give me a call today? I would love to help you! 02 9477 5882

08.01.2022 The difference between (in some cases): a job done OR a job done properly. You be the judge!

07.01.2022 Friday reminder for you friends! Should you need some help - contact me today! [email protected] 9477 5882

07.01.2022 SUPER NEWS: As of the 1st of Jan 2021 - employees will have the right to choose their own super fund. Once a new determination or agreement is in place, you'll need to give a Superannuation (super) standard choice form to existing employees who request to choose their super fund... all new employees. You must then pay employees' compulsory super to their nominated fund.

07.01.2022 Christmas Parties. They're fun, a chance to let your hair down and look back at the year that was. However, the cost of Christmas Parties may be exempt from fringe benefits tax if:... The food and drink are provided on a normal working day on the business premises and are for your current employees The cost per employee is less than $300 If you give a gift to your employee that is less than $300 this may also be an exempt benefit however if you give a gift and a party then they both have to add up to less than $300 per employee. If you take your employees out to a restaurant then the cost will also be an exempt benefit if the cost per head is less than $300 Remember that these expenses are not tax-deductible unless there is a fringe benefit in which case as an employer you can claim the cost of the fringe benefits tax. If you want to chat about this, let's do it. E: [email protected] Ph: 9477 5882

06.01.2022 30th June = EOFY. Small business or individual, I am here to help with those lingering tax or accounting enquiries to make sure your EOFY is an easy one! Dm or email me today (30th June is creeping up ever so quickly!) ... [email protected]

06.01.2022 Early Christmas Reminder Our office will be closed over the Christmas holidays from 22 December 2020 until 4 January 2021. We would like to wish everyone a safe and happy Christmas and look forward to a brighter 2021.

06.01.2022 I have had the pleasure of welcoming, meeting, and speaking with new clients before this end of financial year. For those who are in fact new around here - welcome! I'm Tracie & I am a Tax Agent and Public Accountant based in Hornsby. I am no stranger to small business and this is, in fact, my second small business.... You can be assured that along with experience, I run this small business with a level of integrity you would expect from any professional within this industry and understand that this year, tax time will look and feel a little different. Please do not hesitate to reach out for extra support here. I am happy to help and am available via phone or face to face. DM or email: [email protected]

05.01.2022 It's been a little while so felt it was only appropriate to reintroduce myself! I'm Tracie - the owner of Trim Taxation & Accounting. I am a qualified Public Accountant and Tax Agent & am based in Hornsby - a short walk from Hornsby Westfields, and the train station.... Did you know I support small businesses in preparing their BAS, attending to Trusts, Estates and Self Managed Super Funds (SMSF)? AND, I am flexible in relation to appointments opening after hours and Fridays if required as well as happily offering free consultations. Having a look at the current state we find ourselves in - I can appreciate it may be a trying time for small business owners as well as individuals, so please do not hesitate to contact me today - it's what I am here for! E: [email protected]

04.01.2022 Unfortunately, this is one of the biggest questions we have many small businesses asking themselves right now. 'Should I close my small business?' 'Is it viable in this pandemic?'... Well, the ATO has actually created two webinars to support small business owners who find themselves at a crossroads, caused by the COVID pandemic. The two webinars are: Considering your small business viability Closing your small business. They're available throughout September and you must book. https://www.ato.gov.au//Webinars-to-help-small-businesses/

04.01.2022 Seeker Keeper Maker? Yep. This is a newbie.... Built for those who CREATE jobs. Jobmaker has a purpose to upskill Australian workers and future generations with what they actually need to be employable. Industrial relations have also been in discussions to recognise what needs to change to create more jobs. The plan is centred around five policy areas: Award simplification Enterprise agreement making Casuals and fixed-term employees Compliance and enforcement Greenfields agreements for new enterprises Need some more clarity here? Contact me today Email: [email protected]

03.01.2022 Trim is flat out. With the several stimulus packages, government announcements and anxiety surrounding workplaces and small business owners - it is safe to say, I am not going anywhere. For a long time!... If you need to discuss your accounting or tax related enquiries with a professional - please contact me. I am not performing face to face meets currently - but am happy to organise alternatives to suit. Email me today, [email protected] or DM me.

03.01.2022 Reminder Folks!

01.01.2022 So, why me? Well, if you lodge your own tax return then the time has run out to do so if you haven’t already lodged. Lodging under a tax agent can mean you have an extended time to lodge and more time to prepare your documents. ... So contact me today - I can help & I'd love to hear from you.