Reliance Accounting - Toongabbie

Reliance Accounting -  Toongabbie

Every client at Reliance Accounting receives high quality level of attention with the professional and efficient service at reasonable cost.

Reliance Accounting is an accounting practice with dedicated professionals based in Toongabbie NSW with more than 12 years of experience. Our business is established on the core principles of integrity, efficiency and value. We have years of experience and dedication in the Accounting, Taxation and bookkeeping field which ensures that our clients receive efficient and accurate results. Reliance Accounting offers highly specialised and reliable quality service for individuals and covering all business structures at reasonable cost. Our services include taxation, accounting, business structure advisory, self managed suppuration fund (SMSF) and tax planning to name a few.

Operating as usual

23/06/2018

Reliance Accounting - Toongabbie's cover photo

search.google.com 17/02/2018

Reliance Accounting en Google

search.google.com We’re at the Top of Our Game Our team is well qualified, Super Experienced and very professional. We use best technology in the market. Our expert tax consultants offer you our Maximum Refund Guarantee.

13/02/2018

https://m.facebook.com/story.php?story_fbid=1715486735138632&id=191094590911195

The Small Business Superannuation Clearing House (SBSCH) is changing on 26 February.

👉 It’s joining our other online services so you can manage a range of tax and super tasks with one login, sort employee listings, and more.
👉 The SBSCH will be unavailable from 20–25 February while we transfer your data to the new system.
👉 Super payments in the current system must be completed by 3pm AEDT on 19 February.
👉 You may need to set up a new login for the new-look SBSCH, so check what the change means for you at ato.gov.au/Business/Super-for-employers/In-detail/Small-Business-Superannuation-Clearing-House/SBSCH-joining-ATO-online-services/

13/02/2018

https://m.facebook.com/story.php?story_fbid=1715486735138632&id=191094590911195

The Small Business Superannuation Clearing House (SBSCH) is changing on 26 February.

👉 It’s joining our other online services so you can manage a range of tax and super tasks with one login, sort employee listings, and more.
👉 The SBSCH will be unavailable from 20–25 February while we transfer your data to the new system.
👉 Super payments in the current system must be completed by 3pm AEDT on 19 February.
👉 You may need to set up a new login for the new-look SBSCH, so check what the change means for you at ato.gov.au/Business/Super-for-employers/In-detail/Small-Business-Superannuation-Clearing-House/SBSCH-joining-ATO-online-services/

05/02/2018

Australian Taxation Office

Businesses: Fuel tax credit rates increase today, 5 February 🚜

If you use fuel in heavy vehicles on public roads or in other machinery for your business, check the latest rates at ato.gov.au/fueltaxcreditrates

asic.gov.au 25/01/2018

Business name availability | ASIC - Australian Securities and Investments Commission

Are you thinking of starting a new business this year? This is where you can find if the name is available for your use. Once you decide on your name, come and see us to set up your business correctly with all of the legislative checks and advice you will need.

http://asic.gov.au/for-business/registering-a-business-name/before-you-start/business-name-availability/

asic.gov.au Find all the information you need to register a business name with ASIC. Our website includes information on what details you need to consider.

business.gov.au 22/01/2018

Grants & assistance for business

Looking for grants or assistance to start or run your business? While the government generally doesn’t offer funding just to start a business, there may be other forms of assistance available to help you.

https://www.business.gov.au/Assistance

business.gov.au Free search to help you find grants, assistance, training events and advisory services. Find the right support for your business activities today.

business.gov.au 21/01/2018

How to set goals and objectives for your business

Kick of the new year with fresh plans for your business. Click the link for a bit of inspiration.

https://www.business.gov.au/news/how-to-set-goals-and-objectives-for-your-business

business.gov.au A step-by-step guide to help you set and achieve your business goals...

ato.gov.au 18/01/2018

Types of loans

As we enter a new year, some people think about changing careers, or about further education. There are a number of loans available from the Australian Govern-ment to help you complete further training and study and reach your goals.

https://www.ato.gov.au/Individuals/Study-and-training-support-loans/Types-of-loans/

ato.gov.au There are a number of loans available from the Australian Government to help you complete further training and study.

18/01/2018

If you're thinking about your road to success in 2018, then we are your key partner. Talk to us about: SMSF Accounting, Personal Tax Return & Business Accounting, www.relianceaccounting.com.au 02 80641560

inc.com 17/12/2017

Remote Workers Are Outperforming Office Workers--Here's Why

When thinking about the way we work, productivity and efficiency have to be at the top of the list. We hope you enjoy this article as it will make you think of your current office structure and how 'to do things differently"

https://www.inc.com/brian-de-haaff/3-ways-remote-workers-outperform-office-workers.html?cid=landermore

inc.com Research shows that office workers cannot concentrate at their desks.

[12/13/17]   We wish all of our clients a happy and safe Christmas period. We are closed: 23/12/2017 to 07/01/2018
We look forward to seeing you in 2018!

11/12/2017

Mark Cuban: Only Morons Start a Business on a Loan

If you like something that you love to do, try to turn it into a business. Our tip - Just don’t take a loan out to do it.

https://www.youtube.com/watch?v=KYneLGRTgy8

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicag...

07/12/2017

“Never spend money before you have earned it.” Thomas Jefferson

26/11/2017

We are experts in setting up successful systems and ensuring you comply with Australian legislation. Call today for an appointment.

https://insidesmallbusiness.com.au/planning-management/youre-consultant-dont-forget-youre-also-running-small-business

24/11/2017

https://m.facebook.com/story.php?story_fbid=1633167106703929&id=191094590911195

Being asked to get an ABN for work can be ok, provided you aren’t actually an employee.

If you’ve been asked to get an ABN, first check our info on how to tell the difference between an employee and a contractor: https://www.fairwork.gov.au/find-help-for/independent-contractors

24/11/2017

https://m.facebook.com/story.php?story_fbid=1633167106703929&id=191094590911195

Being asked to get an ABN for work can be ok, provided you aren’t actually an employee.

If you’ve been asked to get an ABN, first check our info on how to tell the difference between an employee and a contractor: https://www.fairwork.gov.au/find-help-for/independent-contractors

insidesmallbusiness.com.au 23/11/2017

Preparation key for SMEs planning a holiday from their business | Inside Small Business

It's all about getting that life/work balance right. With a bit of planning, you business owners can also plan a holiday.

https://insidesmallbusiness.com.au/planning-management/preparation-key-smes-planning-holiday-business

insidesmallbusiness.com.au Tips on planning a holiday and having the peace of mind that your business is in safe hands while you are away.

forbes.com 23/11/2017

The World's Billionaires

In this article it's the first time Forbes has pinned down more than 2,000 ten-figure-fortunes! - Back to work now!

https://www.forbes.com/billionaires/list/3/#version:realtime

forbes.com The Forbes World's Billionaires list is the definitive list of the world's wealthiest people, profiling and ranking billionaires from 71 countries and territories by their estimated net worth.

[11/20/17]   NAB asked small business owners how they describe themselves. 19% of small business describe their ventures as start-ups. Here’s a snapshot of Australian small business and their views on what success looks like to them.

https://www.facebook.com/NAB/videos/1346901468681690/

19/11/2017

There are many costs in starting your own business. Here are a few tips on what you can claim. For more advice just give us a call.

http://www.smh.com.au/small-business/finance/startup-business-costs-whats-deductible-and-whats-not-20170724-gxhhjl.html

17/11/2017
Reliance Accounting -  Toongabbie reached 100 likes! 15/11/2017

Reliance Accounting - Toongabbie reached 100 likes!

Read their latest posts to see what's new and learn more.

10/11/2017

Reliance Accounting - Toongabbie's cover photo

10/11/2017

Reliance Accounting - Toongabbie's cover photo

smartcompany.com.au 29/10/2017

Don’t let your ATO debt harm your business - SmartCompany

Here’s a rundown of what you need to know about tax debt penalties, as well as the best ways to manage your debt before it starts to harm your credit score.

https://www.smartcompany.com.au/partner-content/articles/dont-let-ato-debt-harm-business/#post-132006

smartcompany.com.au The ATO recently announced that it will take “timely” and “stronger action” against small businesses with outstanding debts.

thriveglobal.com 26/10/2017

Strategies For Speaking Your Mind During Meetings

Meetings are a critical place to show your worth, build your reputation, and get your voice heard. But if you’re shy, awkward, unassertive, lacking confidence, or from a culture where it was inappropriate to participate — especially as a junior person. This article has tips to get you through.

https://www.thriveglobal.com/stories/775-want-to-learn-to-speak-up-in-meetings-try-these-7-tips?&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3B4PejxOUER1mEJ2FOAGUf9g%3D%3D

thriveglobal.com Use these ideas to help you overcome your fears.

26/10/2017

Start with why -- how great leaders inspire action | Simon Sinek | TEDxPugetSound

Simon Sinek is such a great marketer, I hope you enjoy his ideas on playing big as much as we do here at Reliance Accounting.

https://www.youtube.com/watch?v=u4ZoJKF_VuA

Never miss a talk! SUBSCRIBE to the TEDx channel: http://bit.ly/1FAg8hB TEDx Puget Sound speaker - Simon Sinek - Start with Why: How Great Leaders Inspire Ac...

ato.gov.au 24/10/2017

Home office expenses for a home-based business

You can definitely claim some of your home expenses when running a business from home. Of course, accurate bookkeeping is imperative - so if you have a questions, please give us a call so that you know you are keeping your records meticulous.

https://www.ato.gov.au/business/income-and-deductions-for-business/deductions/home-office-expenses-for-a-home-based-business/

ato.gov.au If your home is also your place of business, you can claim income tax deductions for a portion of the costs of owning, maintaining and using your home for this purpose. When you sell your home you may be liable for capital gains tax.

24/10/2017

You can definitely claim some of your home expenses when running a business from home. Of course, accurate bookkeeping is imperative - so if you have a questions, please give us a call so that you know you are keeping your records meticulous.
Post

intheblack.com 24/10/2017

6 economists who predicted the global financial crisis and why we should listen to them from now on

These were the economists who predicted the global financial crisis and the US housing bubble. There are plenty of insights in this article that we could heed for the immediate future.

https://www.intheblack.com/articles/2015/07/07/6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on?utm_source=exacttarget&utm_medium=email&utm_term=INTHEBLACK%20Opt%20in&utm_content=https%3a%2f%2fwww.intheblack.com%2farticles%2f2015%2f07%2f07%2f6-economists-who-predicted-the-global-financial-crisis-and-why-we-should-listen-to-them-from-now-on&utm_campaign=INTHEBLACK+-+Edition+19+-+25+August+2017+-+Opt+In_24-August-2017

intheblack.com These were the economists who forecast the 2008 global financial crisis (GFC) and the US housing bubble. So what lessons should we heed for the immediate future?

22/10/2017
19/10/2017

Do you run your own Business ?
If you are running your own business, you wear a lot of hats. Being torn in so many directions may mean that working on your business takes a back seat. This is a mistake, as your business won’t grow unless you set sometime aside to work on new business ideas and strategies. There are many ways you can increase your man power in your business and it doesn’t have to be permanent or expensive. You can engage people to do specific projects, assist you with mundane tasks or simply help you catch up on overdue must-dos. Why not consider the following options: • Virtual Assistants • Business Consultants • Individuals seeking work experience • University Graduates • Apprentices • Senior Citizens • School Mums. The key is to match your job specific requirements to the skill of the individual needed and then having the right platform to attract the best candidate. So if your business can’t afford to employ permanent staff why not give these options a go, it might be all you need to help you move forward.

[09/03/17]   Don’t fall for this tax time phone scam!!!

It’s tax time, and the Australian Taxation Office is warning people to be on the lookout for increasingly sophisticated scammers, many of whom are now imitating genuine ATO phone numbers to fool caller IDs.

Here is one example of these scam calls recorded:

“As per our recent audit, we have identified incorrect sorted tax filings, and we regret to inform you that your account has been marked delinquent on account of tax avoidance,” the robotic voice reads.

“As our letters sent to your registered address have also returned unsigned, and undelivered resulting into [sic] a petition note to be filed against your name, including a warrant for your arrest.

“Now before the case is sent for execution, and you receive the legal course of notification, to reach our concerned officer call on 03 83 ... 630. The number again, 03 83 ... 630. Resolve your matter immediately.”

IF YOU GET THIS PHONE CALL, HANG UP IMMEDIATELY.

According to the ATO, 48,084 scams were reported between July and October last year. Already this year, the tax office has received more than 17,000 scam reports. Of these, 113 Australians handed over $1.5 million to scammers, while 2500 provided some sort of personal information such as tax file numbers.

“You’ll either get a ‘too good to be true’ message, or a threatening, scary one. The phone call scams are in a similar sort of vein. In Australia, 74 per cent of people use a tax agent, so the ATO should be contacting the tax agent rather than the client directly.”

Source: News.com.au

[09/03/17]   ‘They probably know more than you do’: Sophisticated ATO tech leaves nowhere to hide, experts warn😯.

“If you’re doing the right thing you’ve got nothing to be worried about,” said Andrew Gardiner, spokesman for the National Tax and Accountants Association".“But the systems have become much more sophisticated with data analysis — information sharing within government departments is broadly available. They are able to isolate data, target people more accurately. It’s like anything — the systems you’re using now, you would have dreamt of three years ago.”

The bottom line, according to Mr Gardiner, is that if businesses or taxpayers are cheating and not paying their share, “the increasing sophistication of the tax office now means these people will be caught, prosecuted and face penalties and interest on the unpaid tax”.

THINGS YOU PROBABLY CAN’T CLAIM

• Trips between home and work — unless carrying bulky work-related goods

• Car expenses that have been salary sacrificed

• Meal expenses for travel unless you were required to work away from home overnight.

• Private travel or private transport of bulky goods or equipment

• Everyday clothes to wear to work — such as a suit or black pants — even if your employer requires you to wear them

• Deductions for cleaning eligible work clothes without showing how you calculated the cost

• Higher education contributions charged through the HELP scheme

• Self-education expenses if the study is not connected with your current job

• Private use of phone or internet

• Upfront deductions for tools and equipment costing more than $300 each. These must be depreciated over time

Source: Australian Taxation Office

Telephone

Address


Office 2, Level 1, 15 Portico Parade
Toongabbie, NSW
2146

Opening Hours

Monday 09:00 - 18:00
Tuesday 09:00 - 18:00
Wednesday 09:00 - 18:00
Thursday 09:00 - 18:00
Friday 09:00 - 18:00
Other Tax preparation in Toongabbie (show all)
A D Barnett & Co A D Barnett & Co
Suite B 1 Cornelia Rd
Toongabbie, 2146

Small business taxation specialists