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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

ATO Focus On Australian Beneficiaries Of Foreign Trusts

The ATO is targeting Australians receiving payments or assets from foreign trusts, reminding them to include these amounts in their assessable income under section 99B of the ITAA 1936. Ensure compliance by understanding when foreign trust distributions are taxable and how to report them properly.

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LATEST TAX TIPS

ATO’s Latest Guidance on Division 7A: Myths vs. Reality

The ATO is highlighting common Division 7A mistakes, including misconceptions about company funds, loan repayments, and shareholder benefits. Misunderstanding these rules can lead to tax issues. Stay compliant by knowing the key Division 7A requirements and avoiding costly errors.

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LATEST TAX TIPS

ATO Releases New Build-to-Rent (BTR) Tax Incentive Guidance: What You Need to Know

The ATO has updated its Build-to-Rent (BTR) tax incentive rules. From 1 January 2025, BTR owners must notify the ATO of key events to access benefits like a 4% capital works deduction and a 15% withholding tax rate. Learn the new compliance steps to maximise your tax savings.

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