PFS Tax Accountants

28/01/2025

26/06/2023

Thank you Hong Kong Cultural Association for organising this taxation seminar and providing us the chance to meet with your passionate community. Thank you Halimah for your knowledge with the community.

30/09/2022

Director ID Application deadline is approaching fast.... 30th of November 2022!

All Directors of Australian companies will now need to verify their identity as part of a new Director ID (DIN) requirement. A director identification number (director ID) is a unique identifier you will keep forever. It will help to prevent the use of false or fraudulent director identities. Direc

02/05/2022

07/03/2022

https://www.paynehamfinancial.com.au/news/have-a-family-trust-you-could-be-affected-by-a-new-ato-ruling

Have a family trust? You could be affected by a new ATO ruling.

02/03/2022

Belated Christmas lunch, and farewell Munia!

01/12/2021

保护您的信息
说到身份犯罪，您知道要注意什么吗？
身份证件对于税务骗子来说就像黄金。 他们可以使用您的驾照、护照和税号等信息来：
偷你的退税和退休金
以你的名义进行退款欺诈
接管你的业务并向您的商业活动报表(BAS) 提交修改。

01/12/2021

PROTECT YOUR INFORMATION
When it comes to identity crime, do you know what to look out for?
Identity documents are like gold to tax scammers. They can use things like your driver’s licence, passport and tax file number to:
* steal your tax refunds and super
* commit refund fraud in your name
* take over your business and submit amendments to your BAS.

27/07/2018

Welcome to the New Financial Year! It is now time to book to have your annual tax return done.
Give us a call on 8362 3377 to organise your appointment. We speak English, Chinese and Turkish.

04/06/2018

More Tax Planning Tips for Non Time Travellers

In my previous article, I mentioned that unless you could travel back in time there was no point in talking to your accountant/adviser in July or August about paying less tax because once the financial year is done you’re your only hope is time travel. However if you act now, you can leave the Tardis parked in the shed. The first tip is to take out income protection insurance! The cost is tax deductible and it guarantees your financial security and independence when you need it most, i.e., when you are sick/injured and unable to fend for yourself.

Other tax planning tips; prepay interest on an investment loan and/or prepay rent on commercial premises.
If your spouse earns $37K or less, contribute $3K to his or her super and receive a $540 tax rebate. Tax rebates are good because they reduce your tax payable not your taxable income.

Investment loans on properties are usually big bucks, several hundred thousands of dollars. However, an investment loan to purchase a portfolio of managed funds can be circa $100-200K. Managed funds are liquid, low cost, low maintenance and wealth accumulative.

Want to know more about how financial advice can improve your life? Call Des Tsagatos 8362 2626 or email [email protected]