SINGLE TOUCH PAYROLL – ATO UPDATES

On 13th Feb 2019, Commissioner Chris Jordan released a statement in regards to Single Touch Payroll (STP) that will be a significant change to employers, especially small businesses. Legislation has been passed to extend STP to include all employers from 1/7/2019. STP will require you to have your payroll transaction data transferred to the ATO each time your employees are paid. This …

Happy Australia Day – our office will be closed.

Dear our valued clients, Please be advised that on Monday 28th of January 2019, Australia Day Public Holiday, our office will be Closed. Wishing a Happy Australia Day to you and your family. Let us all salute to the pride and success of our nation. Happy Australia Day. Teresa Tran and Associates.

Xmas closing and re-opening date

Dear all clients, We would like to inform you that our office will close from Friday 21st December 2018 and re open on Monday 7th January 2019. Merry Christmas and Happy New Year! Kind regards, Teresa Tran & Associates

Big Events Celebration 2017 – 2018

In spite of the busy tax season, Teresa Office still embraces every precious moment to celebrate and be gathering as a family. Bianca’s birthday; Connie’s & Chris’s duo birthdays; Jenni’s wedding;    Office lunch; Year-end party 2017.  

Superannuation Update

Did you know that you can claim Superannuation Deduction in your Tax Return 2017/2018 provided that you provided notice to your super fund. Since 1 July 2017, all eligible Australians under the age of 75 can claim tax deductions for personal super contributions, subject to the annual concessional contributions cap. Before,  you can claim income tax deductions for your personal contributions …

TAX TIPS 2018 – Individual and Business

Dear Clients, As the year-end is fast approaching, we would like to take this opportunity to provide you with some great tax tips for individuals and businesses as follows:   Year-end Tax Tips For Individuals: Pre-pay Interest/Insurance for the investment property; Bring forward maintenance expenditures for the investment property; Buy work-related items < $300 for an immediate deduction; Make tax-deductible …

2018 – 19 Budget Highlights

2018-19 Budget which sets out the economic and fiscal outlook for Australia, was handed down by The Treasurer at 7.30pm on Tuesday 8/5/2017. Some of the key changes are: Tax cuts for individual including sole traders and family partnerships: Seven-year Personal Income Tax Plan will be implemented. Low and middle income tax offset to be introduces up to $530 pa …

Superstream/SBSCH updates

Quick update to our clients using Superstream (Small Business Super Clearing House) : You may experience technical difficulties in making super payments lately as the ATO has recently changed the system and BPay Code for bulk super payments. You can read about the change here: https://www.ato.gov.au/Newsroom/smallbusiness/General/New-look-SBSCH-is-here Please contact us on 4229 5133 if you are experiencing such issues, we are here …

Teresa and Staff Birthday and Party Photos

In the midst of busy BAS and tax return season, we all need a break to celebrate staff birthdays and relax. Teresa’s Birthday Chris Birthday Binh and Sophie’s Birthday Staff party at Teresa’s house Jenni’s Graduation Hope you have an enjoyable time too! Teresa Tran & Associates