Walshe Clancy O'Neill in Perth, Western Australia | Accountant

Walshe Clancy O'Neill

Locality: Perth, Western Australia

Phone: +61 8 9375 7344

Address: Suite 6, 15-21 Collier Road Morley 6062 Perth, WA, Australia

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

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• Property
• Accountant
• Mortgage brokers
• Financial planner

24.01.2022 According to Paul Graham, Well increasingly be defined by what we say no to. Being clear on your #Vision, #Goals and priorities makes it much easier to say no to things that dont contribute to your #Plan - enabling you to say yes to the right things!

23.01.2022 Like you, we are monitoring the latest news on coronavirus in Australia. We are committed to providing continued service and we will be keeping our clients up-to-date on relief packages. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected], we will be happy to assist you.

21.01.2022 Claiming Deductions For Working From Home To Be Made Easier The ATO are announcing a 'working from home shortcut' measure for people to claim running expenses, now they are working from home due to Covid-19 restrictions. The new measure will allow people to claim a set rate of 80 cents per hour working at home. This provides a more straightforward system for people, without the need to calculate specific running expenses or to have a dedicated work from home area.... The measure will apply to work after March 1. Claims for expenses incurred prior to March 1 will still follow the normal existing rules. People who already work from home can continue to use existing deduction arrangements. For the period of March 1 to June 30, there are three ways to calculate home office expenses: 1) Claim a rate of 80 cents per hour worked, to cover all expenses. 2) Claim a rate of 52 cents per hour worked for heating, cooling, lighting, cleaning and the decline in value of office furniture, plus calculate the work-related portion of your phone and internet expenses, computer consumables, stationery and the decline in value of a computer, laptop or similar device. 3) Claim the actual work-related portion of all your running expenses, which you need to calculate on a reasonable basis. Note: taxpayers must have spent this money yourself and not have had expenses reimbursed. The claim must be directly related to income and you will need a record to support your claim. What do you need to do now? The ATO will announce further details of this special arrangement. In the meantime, keep a record of the hours you work from home. You will need this as evidence when making a claim. If you have any questions about the information above please contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected], we will be happy to assist you.

20.01.2022 Fixed rates versus Variable rates Should I fix my mortgage and hopefully save money in the long run if interest rates rise? Will variable interest rates go dow...n, so therefore should I stay on a variable rate? Is fixed or variable a better option in the long run? For pretty much anyone with a mortgage, these are very common questions people have, and questions that we at Walshe Clancy O Neill get asked regularly. The truth is, it depends on your own financial situation, but in general terms there are positives and negatives of both fixed and variable rates. Variable rates right now, variable rates are at a historical low. Given the uncertainty with the economy due to COVID -19 it seems unlikely that variable rates will increase anytime soon. The RBA have indicated that they see variable rates low in the short to medium term. The advantages of variable rates are clear you can fully use an offset account or accounts, you can pay extra, and fully use redraw. In short, its a great time to smash out a mortgage by making extra payments because rates are low. In the long term, variable rates are likely to rise, and with a variable rate, you cant predict where rates will be in the future Fixed rates. Right now there is some exceptional value to be had in 2 and 3 year fixed rates. Many banks are offering rates at 2.29% and lower. You cant beat a good price! The downsides to a fixed rate is that you may have limited or no use of offset accounts, and likewise redraw may not exist or be limited. Obviously too with a fixed rate, if you need to break the fixed rate contract (perhaps to sell your house or refinance to another bank) there can be very serious breakage costs. Many people are unaware that you can have the best of both words a mix of fixed and variable. Its possible to split your homeloan into 2 or more loans. Each loan can be fixed or variable. For example, if you owed a bank $400,000 its possible to have two splits: Split A being for example $300,000 fixed for three years at 2.29% and also Split B being $100,00 with a variable rate of 2.9%. Therefore you have the opportunity to offset and redraw on the Variable split, whilst meanwhile having the bulk of your mortgage availing of the excellent fixed rate. If you would like to discuss your own financial position in a bit more detail, or indeed have any questions, please feel free to contact Sheamus Walshe, mortgage broker on [email protected] or 0456712003

19.01.2022 Youre the average of the five people you spend most of your time with. It pays to think about who your top five are they are playing a part in determining how you think, act, and ultimately how successful youll become. #Walsheclancyoneill

19.01.2022 Your March quarter activity statement is due soon. We can help prepare your BAS or review your business accounting systems to make your activity statement lodgement easy, accurate and efficient. #businesssystems #smallbiz Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

18.01.2022 JobKeeper has been extended to March 2021. The new reference period now allows more employees to become eligible. Talk to us to assess your continued eligibility and to start planning now for changes that will apply from 28 September 2020. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected] #walsheclancyoneill #tax #accountingservices

18.01.2022 Feel like too much of your hard earned income is spent on #Tax? While tax is inevitable, we can review your financial affairs and ensure youre paying only what you need to while remaining compliant. #GetInTouch to find out about our Tax Review service! Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

18.01.2022 Research shows that doing something (no matter how small) is the best way to manage anxiety. There is a lot we can’t control right now but there are also things you can. Here are some ideas. #walsheclancyoneill #tax #accountingservices

17.01.2022 Common Tax Deductions for Small Business. This year more than ever its important to get your records and tax return correct because of the unusual business circumstances and JobKeeper. Talk to us - we can help make tax time easy. You can contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

16.01.2022 Are you worried about getting your next BAS statements done? Do you need an accountant now? Are you worried about this years tax return for your business? Do you need help with bookkeeping? Time is ticking and Financial Year End 30 June 2020 is fast approaching Walshe Clancy ONeill Accountants are here to help. Contact Darren King on 0449 018 402 or alternatively email [email protected] to receive a free, no obligation quote for the work.... We guarantee an Affordable, Excellent Service and the Best Tax Outcome Possible! Hurry, take action now.time waits for no one. Walshe Clancy ONeill

16.01.2022 Errors on your Business Activity Statement may result in you paying too much GST or not enough. Is your business growing in complexity, or are the compliance obligations becoming challenging? Well help make it effortless and accurate every time. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

15.01.2022 The Australian Commissioner of Taxation has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020. Time is running out! Give us a call or email us and we will do our best to assist you. Eligible employers must elect to take part in the JobKeeper scheme. It is not mandatory for eligible employers to participate. Call us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected].

11.01.2022 We all know having a #PersonalBudget will improve our finances, but there are other unexpected benefits of budgeting. From improved communication to more effective personal goal setting, we can help you reap the rewards of personal budgeting. #walsheclancyoneill #tax #accountingservices

11.01.2022 Are you making the most of your allowable tax deductions? Individuals can claim for general work-related expenses as well as occupation-specific expenses and working from home. Book a time now - well help maximise your return. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

11.01.2022 Taxpayers have been urged to hold off for at least a few weeks before lodging their tax returns as COVID-19 throws up new variables this tax time and to wait for information to be available on ATOs pre-fill. For more information, refer to the article in the link.

09.01.2022 Your June quarter activity statement is due soon. Are you ready? We can help prepare your BAS or review your business accounting systems to make your activity statement lodgement easy, accurate and efficient. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

09.01.2022 Its not exactly business as usual right now, but sorting your business records now allows you to get your tax return completed earlier, access refunds or start planning for payments. Talk to us about proactive planning for the coming year. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

08.01.2022 What could your business look like from here? Can you streamline your setup for smooth, secure online interaction? Talk to us about building sustainability in your business. #smallbusiness Please contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected], we will be happy to assist you.

05.01.2022 Are you making the most out of your investment property? Getting the income and allowable tax deductions right can be complex. Talk to us to check you are claiming all that you can, so you maximise your 2020 return. Contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected]

03.01.2022 In today's world, we are constantly having to tackle new things and learn new skills. It can be overwhelming,... if you let it. Next time you feel like saying I cant do it, replace it with I cant do it, yet.

03.01.2022 In todays world, we are constantly having to tackle new things and learn new skills. It can be overwhelming,... if you let it. Next time you feel like saying I cant do it, replace it with I cant do it, yet.

01.01.2022 Claiming Deductions For Working From Home To Be Made Easier The ATO are announcing a working from home shortcut measure for people to claim running expenses, now they are working from home due to Covid-19 restrictions. The new measure will allow people to claim a set rate of 80 cents per hour working at home. This provides a more straightforward system for people, without the need to calculate specific running expenses or to have a dedicated work from home area.... The measure will apply to work after March 1. Claims for expenses incurred prior to March 1 will still follow the normal existing rules. People who already work from home can continue to use existing deduction arrangements. For the period of March 1 to June 30, there are three ways to calculate home office expenses: 1) Claim a rate of 80 cents per hour worked, to cover all expenses. 2) Claim a rate of 52 cents per hour worked for heating, cooling, lighting, cleaning and the decline in value of office furniture, plus calculate the work-related portion of your phone and internet expenses, computer consumables, stationery and the decline in value of a computer, laptop or similar device. 3) Claim the actual work-related portion of all your running expenses, which you need to calculate on a reasonable basis. Note: taxpayers must have spent this money yourself and not have had expenses reimbursed. The claim must be directly related to income and you will need a record to support your claim. What do you need to do now? The ATO will announce further details of this special arrangement. In the meantime, keep a record of the hours you work from home. You will need this as evidence when making a claim. If you have any questions about the information above please contact us on 0449 018 402 (Darren) / 0413 341 990 (Beatie) or email us at [email protected], we will be happy to assist you.