Government Assistance | Tax Accounting Adelaide

Stage Three tax cuts

Tax cuts 2024 Tax Cuts are meant to be here from 1/7/2023 Just to refresh, here’s a simplified version of what the brackets are now: Earn up to $18,200 – pay no tax Earn $18,201 to $45,000 – pay a 19 per cent tax rate Earn $45,001 to $120,000 – pay a 32.5 per cent…

We are now Gold partners of Xero Software

Gold partners of Xero Software We recently became Gold partners of Xero. This means we have many Xero business clients and are Xero proficient. Feel free to meet us if you want an accounting partner to support your business and use Xero. Find out more about Xero in our demonstration Introduction to Xero | Tax…

Times are tough finances ideas

Times are tough finances ideas – Ways to save explained. Ever wondered what more you can do to combat the ever increasing cost of living? With the ever increasing cost of living, Romeo Caporaso explains vital areas of your finances to review.

HELP debt and tax explained

HELP debt and tax explained How HELP debt is repaid at the tax return is often misunderstood. We explain how it works in this short video.

ATO Scam tips

Why it is important to protect your tax file number. Some of you may already be aware how important it is to protect your tax file number (TFN) from getting into the wrong hands. Crooks can use your TFN for TFN fraud, such as present themselves as you to the ATO , do your tax…

Land tax relief for landlords in South Australia

Land tax relief for landlords in South Australia Land tax relief is available for eligible non-residential and residential landlords and eligible commercial owner-occupiers in response to COVID-19. The relief is available for residential and non-residential landlords over two periods. The initial period of land tax reduction was based on rent relief the landlord has provided to tenants impacted by COVID-19 or…

SA Government New COVID19 Grants

Cash grants 10k and 3k The Government is offering additional $10,000 grants to support small businesses still heavily impacted by COVID-19 restrictions, and for the first time is offering $3,000 cash grants to non-employing sole traders, partnerships and trusts. Applications for the grants opened on Monday 9 November and will be available until midnight 14…

How Tax Accounting Adelaide can assist YOU!

Our services include: Tax Returns Individual, Business, Self-Managed Super Fund Advice Capital Gains, Property, Starting a new business or buying a business, Working overseas, SA land tax, and many more! Accounting New Software Implementation, Performance Reporting and Meetings, Bookkeeping, BAS returns. Business Improvement Services Coaching, Small business marketing, Business check…

Your Guide To Choosing The Right Accountant

Choosing the right accountant for your personal and professional needs may seem daunting but it’s a necessary step for you to maximise your current financial position and proactively plan for your future. The right accountant can do a lot more for you besides preparing your annual tax return. This important relationship should benefit you financially,…

Jobkeeper Payment Scheme explained simply

JobKeeper Scheme Explained Simply If you are a business who has been impacted by COVID-19 and you are uncertain about the government support available to you, you are not alone. Watch our video for a brief simple explanation of the JobKeeper Scheme payments including help with employee wages, business impacted by closure, eligible businesses,…

COVID19 South Australian $10k cash grants

South Australian $10k cash grants for small businesses impacted by COVID-19, explained simply Applications for the grant will open shortly and be available until 1 June 2020. Applications for the grant will open shortly and be available until 1 June 20 *To be eligible for the one-off $10,000 emergency cash grants, a business must:…

Cash flow boost payments

Cash flow boost payments – Explained Simply Employers with aggregated annual turnover under $50 million Cash flow boost payments ‘Boosting Cash Flow for Employers’ payments of up to $100,000 (with a minimum total payment of $20,000) will be provided to eligible SMEs and NFPs that employ workers. The payments will be made in…

JobKeeper Update

Important Update About JobKeeper Scheme Details of the Federal Government’s Third Tranche Economic Stimulus Package. The scheme provides $130 billion wage subsidy for approximately 6 million employees. It is intended to assist with businesses to retain their staff and restart when the crisis is over. Amount of subsidy Under the scheme, businesses…

Client Referral Incentives

We are looking for referrals from our clients and are looking for genuine referral partners We really need your help? Can I show you how to refer to us and the incentives we offer? Yes we pay you, for referrals. Our short video explaining the client incentives we offer you to refer us clients like…

Likely upcoming Budget changes May 2019

With the upcoming federal election and recent banking royal commission, it is certainly a time of rapid changes. This upcoming federal budget in 2019 in May, may just be another significant and vast changing one on the tax front. Some possible changes may be: removal of negative gearing to property except newly built ones. Or…