Gurjinder Singh in Oran Park | Financial service

Gurjinder Singh

Locality: Oran Park

Phone: +61 434 285 163

Address: 159 Holden drive 2570 Oran Park, NSW, Australia

Website: http://universetaxandaccounting.com.au

Likes: 3063

Add/Update information

Reviews

Tags

• Tax preparation service
• Financial service
• Business consultant

25.01.2022 Announcement today of the new mandatory code of practice for COMMERCIAL landlords and tenants 1) The code will apply where the tenant or landlord are eligible for the job keeper program. 2) There are a basic set of good faith principles which will guide the negotiations - Landlords must not terminate lease or draw on security - Tenants must honour the lease (implication is that they cannot walk away from obligations)... - Landlords will be required to reduce by % equal to % reduction in tenant’s revenue through combination of waivers of rent and deferrals of rent. So, a 40% reduction in revenue would mean a 40% reduction in rent. - Waivers must count for half of the reduction provided to the tenant and the other half of the reduction to be deferred. 3) If Landlords refuse to enter into negotiations with tenants, they will forfeit their rights to access any for of relief or stimulus. 4) All parties were again encouraged to sit down and work it out. We are still waiting for additional details of how it will be applied in practice. See more

09.01.2022 The COVID-19 outbreak is impacting businesses globally in many ways including reduced trade, temporary business closures, staffing issues, and supply chain interruptions. The following information will provide you with tips and resources to help you manage your small business during the crisis and into the recovery phase. We are here and still operating from home. We have been fielding many questions regarding Government COVID-19 stimulus and how it can help business and ind...ividuals. The information is coming out very fast and can be quite overwhelming, so we have put together a simplified list of the main measures I see applying to my clients. 1. Cash Flow Boost for Small Business 2. Job Keeper payment (can include Sole Traders) 3. Job Seeker payment 4. Putting bank loans on pause 5. Instant Asset Write-off for Small Business 6. Government Guarantee loans for Small Business 7. Early access to Superannuation In many of these measures it is vitally important that all of your TAX and BAS obligations are up to date as well as your bookkeeping. Universe Tax and Accounting Services are here if you require any help in these areas or if you know anyone who needs their tax returns completed in a short time frame. Please contact us if you require specific advice to your situation. Since last couple of weeks Universe Tax and Accounting Services have received a number of enquiries with regard to the proposed government business stimulus package. The announcement was made on the 12th March and below is what we know so far. Please note that at this stage we are focusing on the business stimulus and not the stimulus to households. The government will provide cashflow relief to eligible businesses* in the form of a tax-free credit of 50% of the PAYG withholding component of your March 2020 BAS, with a minimum $2,000 payment and up to a maximum of $25,000. If your business is on a quarterly activity cycle the credit will be payable in the March 2020 quarter and the June 2020 quarter, with the minimum payment applied to the first lodgement. If your business is on a monthly activity cycle, the disbursement of the credit will be granted through the March, April, May and June 2020 activity statements. However, 50% of the total of the January, February and March 2020 PAYG withholding amounts will be credited in the March activity statement. To put some numbers to illustrate. If you have any concerns regarding the government stimulus package for COVID-19, Contact Universe Tax and Accounting Services for more information now on 0434285163 or [email protected] See more

05.01.2022 Call us now on 0434285163 [email protected] Fast & easy online tax return for 2020 Can’t find your PAYG or Income Statement? No problem We can find it for you! Live help from qualified tax Accountants, online & phone... Expert tax agent checking helps prevent ATO problems and helps boost your tax refund Direct electronic ATO lodgement Confidence of lodging your return Maximise your tax refund Universe Tax and Accounting Services