W Wen & Co in Sydney, Australia | Financial service

W Wen & Co

Locality: Sydney, Australia

Phone: +298 713429

Address: Suite 7 Level 2, 300 George St 2000 Sydney, NSW, Australia

Website: https://www.wwenandco.com.au

Likes: 66

Add/Update information

Reviews

Tags

• Accountant
• Financial service

25.01.2022 Still need to submit your tax return and not quite sure where to start? Feeling a bit confused by the changes in light of COVID-19 and what you can and can't claim? It's important to lodge your tax return accurately to ensure you are compliant with the ATO while also maximising any returns... Make sure you consult one of our friendly staff members first to get professional advice, particularly if your circumstances have changed within the last year Contact our office on 02 9871 3429 to get started today

25.01.2022 There are currently 2.17 million temporary visa holders in Australia In light of the recent COVID-19 crisis, the Australian Government has just announced a number of changes to the arrangements of these visa holders These changes are to help those who find themselves with less income remain self sufficient while they're in Australia... The Department of Home Affairs has also reported that the changes have been made to protect the livelihood and health of the Australian population, to boost critical industries and to help with economic recovery once the crisis is over You can read more about the changes in our article linked here https://www.wwenandco.com.au/changed-conditions-for-covid-1

24.01.2022 If you're currently receiving JobKeeper payments, you may be pleased to know that the government has announced the payments will continue until 21 March 2021 This is a substantial extension from their original end date of 27th September, however the payment rate will be decreasing from $1500 per fortnight to $1200 on 28th September, and again to $1000 on 4th January 2021 To remain eligible, businesses will need to prove their continuing decline in revenue using actual (instea...d of projected) GST turnover from 28th September 2020 For more information, you can read our full article here: https://www.wwenandco.com.au/new-updates-on-the-jobkeepers/ And if you have any questions or want specific help for your business, get in touch with one of our qualified team members on 02 9871 3429 today

23.01.2022 We've been getting a lot of questions about claiming expenses when working from home during the COVID-19 period And in particular, around any capital gains tax implications when looking to sell your property at a later date For most cases, there are no CGT implications if you've been working from home... However, as always, there are some exceptions to this rule In addition, make sure you're familiar with any expenses you may be eligible to claim while working from home as tax time is just around the corner You can find out more information on both of these topics here https://www.wwenandco.com.au/claiming-covid-19-work-from-h/ Or call our office on 02 9871 3429 to speak with one of our qualified staff members today

22.01.2022 The 2020 - 2021 Federal Budget was released on 6th October, and will be remembered as Australia's biggest spending budget with a forecast deficit of $214 billion In this budget, individual tax rates that were set to be implemented in the year ending 30 June 2023 have been brought forward to apply from 1 July 2020. The new low income tax offset has also been bought forward to start at this fiscal year ... There are also changes to the small business entity turnover threshold, fringe benefits tax and a new JobMaker Hiring scheme To find out more about these changes, have a read of our article here: https://www.wwenandco.com.au/federal-budget-2020-australia/ Or give our office a call on 02 9871 3429 to find out how the changes will affect your specific circumstances

22.01.2022 Has your super fund still got you covered for insurance? From July 1 2019, the Australian government introduced new rules to prevent insurance from unnecessarily reducing your super funds This includes super providers being unable to provide insurance by default if the account hasn't received any contributions for 16 months or longer... In light of COVID-19, in April 2020 the government introduced further regulations to stop super providers from automatically providing insurance cover, where a new member is less than 15 years old, or the fund has a balance below $6000 Read our full article to learn more about the new regulations and how they might affect you here: https://www.wwenandco.com.au/covid-19-super-fund-insurance/ And if you need specific advice about your Superannuation, contact our office on 02 9871 3429 to speak with one of our friendly staff members

21.01.2022 Alternative turnover tests for the JobKeeper Subsidy have now been introduced by the ATO This is for businesses that cannot satisfy the basic decline in turnover test required to be eligible for the payment The good news is that businesses that otherwise wouldn't have been able to prove their decline in turnover can now apply... There are, however, some conditions that still need to be met You can find out more details on our website here: https://www.wwenandco.com.au/alternative-turnover-test-for/ Alternatively, give our office a call on 02 9871 3429 to speak with one of our staff members directly

20.01.2022 Are you part of a family SMSF or small APRA fund? A recent bill has been introduced in Parliament allowing an increase in the maximum number of members in a self managed super fund or small APRA fund from four to six This will especially assist families of more than four members that have been using SMSFs to control their investments and savings, and can help them save on account and admin fees... For more information, visit our website: https://www.wwenandco.com.au/smsf-now-allow-six-members/ Or contact our office on 02 9871 3429 to speak with one of our qualified SMSF consultants today

20.01.2022 Earlier this year the Australian government altered the instant asset write off rules to help boost the economy in light of COVID-19 This change has now been extended to the end of this year The change allows businesses with a turn over of up to $500 million to write off newly purchased assets worth up to $150,000... Don't forget that there are still eligibility criteria that need to be met in order to do this You can find out more in our article here: https://www.wwenandco.com.au/instant-asset-write-off-exten/ Or give our office a call on 02 9871 3429 to speak with one of our qualified staff members today

17.01.2022 Wishing for a bit of extra cash this Christmas? If your finances are in a mess, now's the time to give our office a call One of our friendly accountants can help you untangle and consolidate your personal and business cash flows... Giving you financial peace of mind in time for the holidays And maybe even uncovering ways you can earn or save more! Call us now on 02 9871 3429 to get started

17.01.2022 The PAYG Instalments system may help you if you're experiencing financial difficulty as a result of COVID-19 This system allows you to make smaller, regular payments on your tax liability This year the ATO is providing added flexibility, allowing you to vary your repayments to suit your circumstances... Read our full article to find out more here: https://www.wwenandco.com.au/varying-payg-instalments-beca/ If you require specific advice for your finances, please give our office a call on 02 9871 3429 to speak with one of our professional consultants today

17.01.2022 Financial year 2019-2020 is officially over, and here at W Wen and Co we're gearing up for tax time This financial year has been busy to say the least, and we've been working hard to ensure our clients get the help and support they need, particularly during the COVID crisis To assist even more, we've put together our top last minute tax planning tactics for the year... This article runs through the most effective things you can do now to ensure you get the maximum refund on your tax Have a read of the full article here: https://www.wwenandco.com.au/eofy-last-minute-tax-planning/ If you need help with your tax or want some specific advice, give our office a call on 02 9871 3429 to speak with one of our qualified tax accountants

15.01.2022 Do you own a residential investment property? Has your income from this property been affected by COVID-19? With tax time at our doorstep, many people have questions about the changed circumstances of their rental property income and what they can claim We've answered the most common questions we're hearing from our clients in the article below so you'll know what to expect in these unusual times... Read the full article here: https://www.wwenandco.com.au/residential-rental-property-c/ And as always, if you need addition information, give our office a call on 02 9871 3429 to speak with one of our friendly accountants

14.01.2022 Now that financial year 2019-2020 is over, it's time to start organising your tax return Did you know that there are two available Superannuation tax offsets that you may be eligible for? These offsets could help reduce the amount of tax you need to pay on your taxable income this year, so if you want to maximise your finances, we highly recommend looking into them... Find out more information about Superannuation tax offsets in our article here: https://www.wwenandco.com.au/superannuation-tax-offsets-2/ If you need any extra help, please contact our office on 02 9871 3429 to speak with one of our friendly staff members

11.01.2022 The Commonwealth Gazette recently posted a notice advising that a data matching program will be undertaken between the ATO and Services Australia They will be comparing information held by the ATO in regards to JobKeeper payments, and Services Australia in regards to social security payments The aim of this operation is to uncover people who may be registered for both programs, to avoid over payment... You can read more about this program here: https://www.wwenandco.com.au/jobkeeper-payments-to-get-dat/ And if you have any questions about government payments that you may be receiving, reach out to our office on 02 9871 3429

11.01.2022 With the cut off for lodging the previous financial year's tax return drawing closer, now's the time to start organising your return if you still haven't If you're running a business, did you know that you can potentially claim losses from years previous to the last that haven't yet been offset? The structure of your business will determine if and how this can be done... You can find out more information in our article here: https://www.wwenandco.com.au/businesses-can-claim-previous/ Alternatively, contact our office on 02 9871 3429 to speak with one of our friendly tax consultants today

11.01.2022 With the urgency and attention that recent COVID-19 stimulus packages such as JobKeeper have been getting, it's easy to overlook the benefits of the instant asset write-off provisions The instant asset write-off provisions allow certain businesses to access an immediate deduction for the full cost of depreciating assets costing up to $150,000 (GST Exclusive) This is as long as the asset is in use or ready to be used for taxable purposes between 12th March and 30th June 2020... This is another way for businesses to stay afloat during the pandemic and can have a significant impact to your bottom line If you feel this provision might be of benefit to your businesses, contact our office on 02 9871 3429 to speak with one of our qualified accountants Alternatively, visit out website to find out more information here https://www.wwenandco.com.au/covid-19-instant-asset-write-/

09.01.2022 In light of the recent COVID-19 crisis, companies are now allowed to hold their annual general meetings electronically They are also allowed to execute documents electronically without a common seal This has been recently introduced by the government to allow companies to continue to operate as normally as possible while also observing social distancing regulations... The government will repeal this regulation on the 6th November 2020. You can find out more information in our article here: https://www.wwenandco.com.au/remote-agms-and-document-sign/ If you need help setting up your annual general meeting or you're after more specific advice, please contact our office on 02 9871 3429

09.01.2022 There have been a lot of changes over the past couple of months due to the COVID-19 crisis With the Government introducing a number of new subsidys and support packages to keep Australians safe and working, it can be hard to keep up If you feel that you might have missed out on a grant or want more information for your personal or business finances, give us a call... One of our experienced accountants can walk you through your current financial situation and advise if you may be eligible for support

07.01.2022 Is your business eligible for the new JobKeeper Subsidy Package? The Federal Government has introduced this subsidy to help businesses retain their employees during COVID-19 It is a payment to eligible employers for eligible employees, as long as the employees remain engaged with the business... Applications have been open since 20 April 2020, but there are some conditions that need to be met in order to be eligible You can find out more about this subsidy and how to apply on our website here: https://www.wwenandco.com.au/the-federal-government-announ/ Or call our office today on 02 9871 3429 to speak with a qualified accountant about your specific circumstances

06.01.2022 The closing of businesses and loss of jobs due to COVID 19 this year has meant that many tenants are unable to make rent payments In light of this, the Australian Government has announced a 6 month moratorium on evictions of commercial and residential tenants This can pose a serious compliance risk for landlords with self managed super funds... To find out more about how this might affect you, read our full article here: https://www.wwenandco.com.au/covid-19-and-smsf-rental-reli/ Alternatively, give our office a call on 02 9871 3429 to get advice on your specific circumstances from one of our qualified accountants today

05.01.2022 Meet Chorus, our lovely Business Services Manager! Chorus is a certified public accountant, having completed her studies at UTS She's been an integral part of our team since 2014, providing professional accounting and taxation services to our much loved clients... When she's not busy working, Chorus loves spending time with her family and friends.

04.01.2022 COVID 19 Update: Nominating newly eligible employees for JobKeeper The ATO has issued a notice advising that from 3rd August 2020, new employees are able to be nominated for JobKeeper payments These employees must have been employed from 1 July 2020... There are other eligibility criteria that also need to be met - you can find out more in our article here: https://www.wwenandco.com.au/covid-19-update-adding-newly-/ If you need more information about JobKeeper payments or require assistance registering your new employees, contact our office on 02 9871 3429 to speak with one of our friendly staff members today

03.01.2022 The "Full Expense" write off deduction is a boon to Australian Businesses This temporary measure introduced by the Australian Government allows businesses with an annual turn over below $5 billion to deduct the full cost of their eligible capital assets These assets need to have been acquired after 7:30pm AEDT on 6th October 2020 and first used or installed by 30 June 2022 to be eligible... The small business entities capital allowance provisions will remain in place as well For more information have a read of our article: https://www.wwenandco.com.au/full-expense-write-off-deduct/ Or call our office on 02 9871 3429 to speak with one of our qualified accountants

03.01.2022 In today's fast paced, ever-changing world, you need an accountant who can think beyond the numbers Our team of professional accountants are highly skilled in providing dynamic, out-of-the-box solutions for your financial needs Helping you streamline your finances and achieve your business and personal goals sooner... Contact our office on 02 9871 3429 to speak with one of our qualified team members today

02.01.2022 The government has introduced a number of new supplements and rebates this year in response to the COVID-19 crisis This can make things a little more complicated than usual when lodging your tax return If you're getting ready to submit your tax return, contact us first to find out if you're able to make any additional claims this year... We'll be able to help you streamline your finances, ensure you don't miss out on any benefits, and maximise your tax refund Call our office now on 02 9871 3429 to get started with one of our professional tax accountants

01.01.2022 It was a pleasure to be a guest on Alive 90.5 FM! Alive 90.5 FM is a local radio station based in Baulkham Hills that broadcasts to the Hills District and greater Western Sydney. They feature local business owners who are providing the community with excellence in business services and products.... It was a privilege to chat with Dimitri and Bex about my business and the story behind where I am today! You can tune into Alive 90.5 FM to learn more about your local businesses, or find out more about my accounting firm and the services we provide at wwenandco.com.au