Teresa Tran & Associates

JobKeeper 10

• JobKeeper 1.1 changes
• JobKeeper 2.0 infographics
• Partnerships, trusts and companies
• JobKeeper 2.0 updates
• Employer - How to claim JobKeeper for the month of April 2020?

See all 10 articles

Business relief 13

• NSW $3k grant extension + 18 new industries eligible
• NSW $3000 recovery grant - Highly impacted industry list 2020
• NSW up to $3000 small business COVID-19 recovery grant
• Vary BAS IAS due date lodgements
• SMEs Rent relief

See all 13 articles

Individuals relief 4

• $750 Economic Support one-off Payment x 2
• Providing support for retirees
• Early release of superannuation
• $550 Coronavirus Supplement + Job Seeker

FAQs 9

• Working from home deductions due to Covid 19
• Can I get both JobSeeker and JobKeeper?
• MyGov account - how to make one?
• What we can do to help at Teresa Tran?
• Support for sole-trader / partnership

See all 9 articles

softwares 3

• automated purchases bills process
• STP payroll software checklist comparison
• Should I have an SMSF?

Other - BASIC articles (create an account to see more premium articles) 8

• Why aren't my calls getting through to Teresa Tran's Office?
• What is bankfeed? Why is Teresa Tran calling me about bank feed?
• I received an email to activate a freshdesk account. What do I do?
• Helpful apps to manage your tax
• Email Disclaimer

See all 8 articles

Fairgov Payguides 15

• 2019 payguides
• 2018 payguides
• Cashing out annual leave
• final pay | termination pay for employee
• How to process Annual Leave / Holiday pay?

See all 15 articles

ATO Business Benchmark 1

• 2018FY

Other 20

• Which accounting software is for me?
• Using stock for private purposes | Income tax: value of goods taken from stock for private use
• Other useful forums and support
• Food & Entertainment
• Single Touch Payroll

See all 20 articles

Superannuation 9

• What is superstream?
• Which super category should I choose for when I want to pay extra super? #superstream
• Calculating Super guarantee when Salary Sacrifice
• Super Guanratee
• Inactive superfund

See all 9 articles

GST 2

• Nespresso coffee pods
• International & Domestic travel

Allowances 3

• Allowances
• Travel allowances
• Reasonable travel allowance rate

rates 3

• HECS repayment rates
• Resident tax rates
• Private Health Insurance Rebate - rates %

Other 13

• Tax Return Check List
• Teamviewer
• Why haven't I got my tax refund yet?
• Name change
• E-sign instructions

See all 13 articles

Shares/Stocks/ETFs/Dividends 5

• Buying shares/ETFs procedure
• Bank-managed Share portfolio & dividend trading report
• Shares - update details (TFN, address, sell etc,) - client solution
• ETFs
• Access share statements from share registry

HECS / HELP loan 2

• Can I pay off my HECS/HELP debt sooner?
• Will I incur interest expense on HELP/HECS?

Superannuation 9

• Caps - Before-tax super contributions (Concessional)
• Caps - Non-concessional contributions
• Gov. Superannuation initiatives - Low income super contribution vs. Super Co-contribution
• Considerations of claiming a deduction on personal super contribution
• Tax offset for super contributions on behalf of your spouse

See all 9 articles

CentreLink 11

• Child care benefit
• Child care subsidy
• Family Tax benefit Part A supplement income
• Family Tax Benefit Part B supplement
• Introduction - calculations

See all 11 articles

Private Health Insurance 3

• Medicare Levy Surcharge
• Excess private health insurance (PHI) entitlement vs. PHI rebate
• When should I get Private Health Insurance?

Foreigners & temporary residents 4

• Medicare levy exemption for foreigners
• Foreign income exemption for temporary residents
• CGT
• Residency for tax purposes tax time poster

General 2

• When do I have to do an asset/property valuation
• EOFY tips for SMSF

2020 newsletter articles 8

• 2020 Maximise your business deductions
• How Covid19 impacted work-related expenses
• Instant asset write-off / tax deduction thresholds
• 2020 maximise Individual's tax deduction
• Deductions for sanitiser, face masks and COVID-related expenses

See all 8 articles

2021 newsletter articles 1

• Backing business investment – accelerated depreciation

ATO deduction articles 8

• Car expenses
• Clothing and Laundry
• Employees working from home
• Gifts and donations
• Record keeping - Set the record straight

See all 8 articles

ATO occupation specific deduction info 38

• 0. General employee guide
• Adult industry workers
• Australian Defence Force members
• Aviation & Flight Crew
• Builder

See all 38 articles

ATO Rental property 3

• Cannot claim travel expenses
• Tax tips for Rental property owners
• Is travel inspection expenses for residential property tax deductible?

ATO small business articles 5

• Using your company's money / assets
• Small business tax toolkit
• Small business - Home-base business expenses
• Small business - Travel expenses
• Small business - Motor vehicle expenses

CPA 1

• 20200813 Changes to Jobseeker extension

Shares 1

• ISSUE 215 | 11 SEPTEMBER 2020

WordPress 2

• special links
• Countdown clock

Capital Gains CGT 5

• Capital Gain Tax overall
• When capital gain tax withholding applies?
• When capital gain is able to defer or disregard - CGT rollover & consequences?
• CGT main residence exemption for foreign resident
• CGT discount for Foreign resident / temporary resident?

Deductions 5

• Timing of D4 incurred
• D9 Donation and Gifts - what can you claim?
• D1 Work related car expense and D2 Work related travel expense: What you can & cannot claim.
• ATO rates for deductions
• Is re-location / removal expenses tax deductible?

Foreign resident 4

• Foreign resident capital gains withholding clearance certificate / variation application [online]
• Foreign resident tax
• Tax on foreign income for Australian resident
• Residency status and impact on tax

Private Health Insurance | Medicare 5

• Should I pay for Private Health Insurance or pay Medicare Levy Surcharge?
• Medicare Levy Surcharge
• Medicare Levy Exemption application
• Private Health Insurance (PHI) Tax Code A or C
• PHI scenarios

Rental property 2

• Rental investment: Overall
• Is commercial rental property eligible for additional 50% discount small business CGT active asset?

Superannuation 5

• Super death benefit - tax implication
• Super death benefit - can it be deferred? when is the latest?
• How tax applies to your super
• Super Income Stream Tax Offset
• Super Co- contribution

2020FY 1

• D5: Home office COVID19

Payroll related [Employment Termination] 4

• How to process paid Annual leave | Holiday leave taken?
• Employment Termination Payment (ETP) [label 3 in tax return]
• Redundancy payments and tax treatments
• What to pay for staff before they leave? (employment termination)

payroll tax (state tax) 1

• Payroll tax summary

Fringe Benefit Tax (FBT) 1

• Fringe Benefits Tax

Company 4

• Can a company investing in rental properties claim small business 50% active asset reduction when selling the properties for CGT purpose?
• What is Division 7A?
• Dividend paid entry
• Close down a company - company deregistration

Motor Vehicle 2

• Is it better off buying a car in the business name or leasing a new car for business?
• Should the newly purchased car be registered as business purpose or personal?

Loss 5

• If individual has low tax taxable income, business losses can be deferred to the future year?
• can we defer partly sole trader business losses ?
• How to apply business losses in current FY?
• Excess Franking Credit - Tax losses
• Tax loss reconiliation statement

Inventory 2

• Livestock closing stock
• Inventory sales

Deductions 1

• Claiming Entertainment Expenses and Staff Amenities

Capital gains + sell business 1

• Selling equipment as part of selling a business - profit on equipment sold goes to P&L, no

Tax offset 1

• Small business tax offset (SBTO)

Trust 1

• Testamentary Trust

loan 1

• Which loan should client choose?

FAQ 3

• Check share price current market value
• Shareholding as investor or share trading as business?
• Buy shares / ETFs procedure - TT office

ceased tax stuff 5

• Partnership set up check list
• ceased as at 2019FY - Benefit for Maths, Science, Education, Nursing, & Midwife
• Close down business check list
• Superstream registration check list
• TO-DO LIST FOR SOLD BUSINESS