Trinity Partners in Chatswood, New South Wales, Australia | Accountant

Trinity Partners

Locality: Chatswood, New South Wales, Australia

Phone: +61 2 9045 1511

Address: PO Box 862 2057 Chatswood, NSW, Australia

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

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23.01.2022 Partner Connect 2016 #MYOBPC

19.01.2022 The ATO has released an excellent small business benchmarking tool for both IOS and Android. Find out how your small business compares to hundreds of other businesses in your industry.

13.01.2022 Salary packaging and You. How to save tax. Most of my articles to date have concentrated on small business owners. So here's one for those who are employed. As most of you know I've worked in the salary packaging industry for a number of years so I've seen and implemented a fair number of salary package benefits to know what works and at what income levels. Keep in mind that tax savings are culminating. A $50 a week saving here and there adds up through the course of a year.... So these are my top 5 in order of least to most tax effective: 5. Car parks - for some of you who are unfortunate enough to have to pay for parking at work. It's a little known fact that there is a small saving to be had, usually around $20-30 a week, to salary package car parking due to the concessional valuation rules for car parking. 4. Cars - on the subject of cars, salary packaging cars is one of the most popular perks. Having a novated lease through your employer mean not only do you save on your tax but also the GST on purchasing and running your car. Further, you don't have to prove business use. 3. In-house dining - if your work has an in-house dining facility whether they be a canteen or third party cafe you can salary package the cost of lunch as these are considered income tax deductible. 2. Superannuation - salary sacrificing super is effective as the ATO consider these as payments made by the Employer. However before you do this just check with the employer as some count this towards the superannuation guarantee limit. 1. Health workers and those in charities/PBIs - workers in these organisations get special dispensation from FBT in the form of either a rebate or exemption. So for example an ambulance worker can sacrifice their rent, school fees up to a certain limit and not be subject to FBT. So as you can see from above there are still lots of things you can do with your salary in order to effectively give yourself a pay rise without actually getting a pay rise. And always check with your accountant before getting yourself into one of these arrangements as your mileage will vary.

13.01.2022 SuperStream compliance by 30th of June for all Employers regardless of size. Are you ready?

06.01.2022 Rely on us for clear directions... Trinity Partners offers a truly compelling value proposition for all your business needs by integrating various business disciplines into the one firm. We offer an integrated approach in meeting all your business needs, whether it be accounting, cash flow or taxation problems, profitability maximisation to complex legal issues.... With extensive experience gained from both the private practice and government sectors, we can provide you with well-rounded advice in a language that is practical and simple to understand. We are focused on providing the solution you require. Not only will we go the extra mile for you, we also have access to the professional network that is required in today’s business environment.

04.01.2022 The recent Federal Budget introduces globally competitive tax incentives to drive investment in Australia's business start up scene. The tax incentives are aimed at wealthy investors who are approaching tax advisers about using the Turnbull government's start-up tax breaks to invest in innovative new firms. There has also been an increase in founders of start-ups seeking advice on structuring their companies to take advantage of the new tax breaks and gain better access to risk capital.

04.01.2022 Partners - Accounting and Business Services

04.01.2022 Trusted accountants and bookkeepers who are familiar with the latest small business "cloud-based" accounting softwares like MYOB Essentials, Xero Accounting, Saasu and Quickbooks Online offer are fast becoming the norm - http://goo.gl/YlhA7g The benefits are many including, fast, secure and reliability - you no longer have to worry about maintaining software upgrades. Feedback and support from your accountant can be instantaneous because they can access your financials from anywhere. Deep integration for bank statement feeds and third party invoicing which reduces repetitive data entry. Trinity Partners Accountants can cater for monthly fixed fee business plans from as low as $150 a month, which includes the software subscription costs and quarterly BAS review and lodgement.