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Suite 501, Level 5,
7 Secant Street,
Liverpool NSW 2170

Call Us Today On 02 9600 7760

An Experienced Team of

Chartered Accountants In Sydney

Qualified and Trusted Accountants

Accounting Firm in Sydney

A Quality Accounting Firm in Sydney Specialising in Businesses

At Silver & Young we offer comprehensive range of financial services for your personal and business needs. Our purpose is to create the best practice strategies and help you achieve financial goals within your organization. 

By providing you with optimal solution, we aim to help ease the burden of compliance, saving your precious time and money so you can invest back into growing your business.

Find out how we can help you and your business by contacting our office on (02) 9600 7760. We look forward to working with you!

LATEST TAX TIPS

SME Recovery Loan Scheme Extended to 30 June 2022

As the Coronavirus pandemic continues to pose new challenges, the government’s financial assistance continues to expand. One of the government’s economic responses is the SME Recovery Loan Scheme (the Scheme) which was intended to aid in the recovery of the economy and provide ongoing assistance to SMEs dealing with the economic consequences of the coronavirus outbreak.

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LATEST TAX TIPS

NSW Omicron Support Grant – Now OPEN

NSW Government has released its 2022 Small Business Support Program to support businesses that have been impacted by the recent Omicron wave of Covid-19.

Business owners are encouraged to apply themselves via the Service NSW Website – https://www.service.nsw.gov.au/transaction/apply-2022-small-business-support-program

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LATEST TAX TIPS

Expansion of Single Touch Payroll

All employers in Australia will be required to report wage information under Single Touch Payroll (STP) rules, commencing 1 July 2019. STP previously only applied to larger employers of 20 or more, but this has now been expanded to all employers and includes owner’s wages. Sole traders with no employees would not be required to report.

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LATEST TAX TIPS

Re-contribution of COVID-19 Early Release Super Amounts

Introduction You can now re-contribute funds that you have taken out under the COVID-19 early release of super program. Contributions can be made between 1 July 2021 and 30 June 2030. COVID19 re-contribution amounts are not a new type of super contribution. They are considered a personal contribution but will not count towards a person’s

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LATEST TAX TIPS

Increase in releasable First Home Super Saver Scheme amounts

Introduction On 11 May 2021, as part of the 2021–22 Federal Budget, The Australian Government announced changes to the First Home Super Saver (FHSS) scheme to increase the contributions that can be counted towards the maximum releasable amount to $50,000 and improve the scheme’s operation. This increase will come into effect from 1 July 2022.

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LATEST TAX TIPS

NSW Flood Support Payments 2022

The flood recovery rental support payment assists NSW residents who are unable to live in their homes due to storms and floods in February and March 2022. The one-time payment of up to $18,000 will be used to assist pay for short-term lodging of 14 nights or more booked on or after 22 February, 2022.

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