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What is the safest way to resign as a director to the company

The Australian Government recently has changed a significant aspect of the corporation act, in which they will disallow the backdate of the director resignation. Hence, from 18 February 2021, if you want to resign from the company’s directorship, you need to notify ASIC within 28 days via written notice; if you or your company do
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Working from home office expense to be extended to June 2022

The Australian Taxation Office has extended the shortcut method of 80 cents per hour of working from home office expense till 30 June 2022. The measure is in response to the uncertainty of COVID19 and the trend we observed during the COVID19 pandemic that people prefer to work from home, and it does not lower
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How to keep and reconfirm your jobsaver eligibility

Covid19 #lockdownfinish #firstdaynsw today is the first day of NSW freedom day; many small and medium businesses had endured the most prolonged lockdown period in NSW and have come out more vital and more vibrant than before. We want to extend our best wishes to all the businesses in NSW to stay strong, healthy, and
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We can help you with the ATO lifestyle expense tax audit, and

The COVID19 situation in New South Wales had reached another darkest period, with a record of 319 cases today. However, the Australian Federal Government and New South Wales Governments are actively trying to help the small and medium businesses to recover by providing them with the COVID19 support grant of up to $15,000 and the
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How to apply for the NSW COVID19 Business Grant

The Greater Sydney lockdown has been tightened today, with the premier defining the critical supply services and the closure of all construction sites. It is estimated that the tougher lockdown will cause the businesses in Greater Sydney around $800 million and 1billion dollars per week.  With this in mind, it is crucial to understand what
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How to apply for the COVID19 Support Grant from NSW Government

Due to the wide NSW COVID 19 lockdown, the New South Wales Premier Gladys Berejiklian announced the Small Business COVID-19 Support grant to assist the ten of thousands of small businesses in NSW. In the Media Release on 29th June 2021, the NSW government defines small businesses as entities with a turnover of over $75,000
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How to reduce your capital gains tax correctly

as the leading CPA accountant in Inner West Sydney, we had helped many clients to lower the capital gains tax using the correct tax structure. Do you know that when you want to buy a property, and during the way, you did not settle, and lost the deposit, you should come and see us, and if you are eligible, you will be able to claim those as capital loss, to be used to reduce future capital gain.
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Review your jobkeeper and cashflow boost if you had been declined before

Review your jobkeeper and cashflow boost if you had been declined before. As the leading professional and experienced CPA accountant and tax agent in Inner West Sydney and Adelaide, we are here to help you. ATO had recently lost a landmark case against jobkeeper, and now is a good time, as ATO would want you to review your jobkeeper application if it had been declined before to see whether it can meet the findings from the court case, hence it will become eligible.
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Case study on successful in dealing with the jobkeeper audit from ATO

The Australian Taxation Office scaled up its attention on an audit from the start of the year, along with the debt collection. The initial focus is on the job keeper audit. During the job keeper audit, the Australian Taxation Office will ask the taxpayer to provide evidence to prove that they are eligible for the
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The small fee and charges rebate of up to 1500 from NSW Government

After the job keeper has finished, the NSW government had recently introduced many measures to stimulate the State economy. Part of it includes the $25 dinner voucher and $25 entertainment voucher.  TODAY, the NSW government introduced the $1500 grant; it is called the Small Fee and Charges Rebate. Another way to think about it is,
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Maximize your tax refund from investment property by correct structure

Many people would overlook the importance of the capital gains tax and negative gearing implications when they set eyes on the investment property they want to buy.They would talk to their mortgage broker and lawyer about how to settle the property, how to get the lower interest rate. They would forget the fact that if
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Do you know the income from redundancy due to COVID 19 might be tax free

Due to COVID19 pandemic, many people had lost jobs as a result of the business restructure. Recently, Qantas AirWays had retrenched 6000 people, and other big brand companies like Virgin Blue, Myers also had retrenched or sacked many of their employees. If you are one of the employees who had been sacked due to the
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COVID19 working from home and how to maximize your tax refund

It is that time of the year again, the time to prepare and lodge your tax return. As a tax return specialist in the individual tax return, it is our job and aims to work with you to improve your tax position. We will endeavour to assist you in claiming as much as legally entitled
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How to make your accounting fee more affordable under COV-19

The Cornoavirus or COV 19 is getting out of control, with the affected people in Australia exceeding 150 as of today, and the death rate at 3 people. The Australian economy is quite vulunerable to the shock, and the Australian dollar had fallen drastically due to the outbreak of the Coronavirus. This week, in response
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how to pay less tax and claim more deduction

If you are a small business, then you will be eligible for the $30,000 immediate asset write off for depreciate asset from 2 April 2019 to 30 June 2020. The conditions to meet is that you are a small business, the income must be below 10million, and the depreciate asset must be ready to install