EndureGo Tax
suite 40 level 1/23 Narabang Way, Belrose NSW
suite 40 level 1/23 Narabang Way, Belrose NSW
EndureGo Tax is a professional registered CPA firm, lead by a highly experienced CPA with the fellowship Status of John Cheng. It is our core belief that We will do things that matter to you, things that will make a difference for you. Those things would be the aspects of business accounting and taxation services which we can provide to you effectively and in a simple manner to help your business to grow.
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What kind of accounting services do you provide?
EndureGo Tax, a leading professional CPA firm in Sydney, NSW, would be able to provide a holistic accounting and taxation service to your business to help your business to grow. We provide the aspects of accounting and taxation services, including
1. Company formation
2. Trust set-up;
3. Application of ABN TFN for business;
4. Company and trust tax returns;
5. Individual tax returns;
6. Negative gearing investment property tax returns;
7. Tax audit
8.Tax planning,
9. SMSF set up;
10. SMSF tax return;
11. Non-profit organisation tax return,
12. Testamentary trust tax return.
13. Pre-insolvency
Why is it so important for businesses to hire a great accountant?
A great accountant is not just a number cruncher or bean counter; a great accountant should also be an excellent coach to the business, who needs to make sense of the numbers and help our business to grow. At EndureGo Tax, our mission is to add value to your business by using our in-depth accounting, business and tax knowledge.
What do you love most about your job?
What I love most about my job is about seeing that their business is flourishing, and they keep their tax lodgement on time and can work with us to put those accounting numbers into use to help the business bottom line grow. So, if I hear that they are doing well in their business and their kids and family are benefiting from that corner business, the team at EndureGo Tax would feel thrilled.
What inspired you to start your own business?
What inspired me to start my own business is to utilise and create a boutique team at EndureGo Tax. Hence we can use our in-depth and highly refined accounting and tax experiences to help small businesses grow. We value our experiences; we also pride ourselves on keeping open and ongoing support to our clients by providing quick responses to client queries. Business owners are doing it through, and they need an anchor to come to where they can ask questions and seek guidance so that boat can sail further into the ocean.
Why should our clients choose you?
At EndureGo Tax, we have a combined professional industry experience of over 40 years; we are the right size accounting team for any business that wants to grow in the future. We can provide high-quality and comprehensive accounting and tax services to your business and are good at keeping that open communication channel. Hence you are dealing with an accountant you can find, who you can talk to, and not an accountant you always can not speak to.
Can you provide your services online or remotely? If so, please add details.
At EndureGo Tax, we pride ourselves on offering our services remotely very securely. This is because we had invested heavily in technology. Hence we would be able to receive and send data to you safely. Therefore your data do not get compromised.
What changes have you made to keep your customers safe from Covid-19?
At EndureGO Tax, we pride ourselves on covid safe. Hence we would always provide sanitiser at our office free for clients to use; we also offer a mask to the client when they want to wear it.
tax audit
Did your business receive that nasty letter from the Australian Taxation Office – ATO, advising you that they will need to audit your paperwork and invoices for the lodged tax returns? At EndureGo Tax, as the leading CPA accounting firm in Inner West Sydney Ashfield, Northern Beaches Belrose and Adelaide, we are specialists in providing tax audits.
We have an excellent success track record in dealing with ATO and helping the clients come out from the tax audit without paying too much shortfall tax penalty. An important tip that we would like to share with you is that it is imperative to evaluate the situation and form a strategy as early as possible during a tax audit. Also, it is essential to keep an open communication channel with the ATO to minimize any consequences of the tax audit.
It is essential to foster collaborative and open communication when dealing with the ATO auditor to facilitate an optimal outcome. It is imperative to understand the critical concern in any tax audit case, see what the ATO auditor is looking for, and try to give the ATO auditor the relevant and concise information to be satisfied with the audit case. If not, the audit case might open up to other years and other related entities.
Business Business Activity Statement
Small to medium businesses are our area specialisation. We can keep you on time and compliant with your business activity statements, whether monthly, quarterly or annual. Let EndureGo Tax take care of the paperwork so you can take care of business.
As the leading CPA accounting firm in Inner West Sydney Ashfield, Northern Beaches Belrose and Adelaide, our team of professional accountants would be in a position to assist you.
For help with Business Activity Statements, feel welcome to email us at hello@endurego.com.
Read more about BAS in our Frequently Asked Questions.
Do I need to register for GST?
Under Australian taxation law, a business must register for GST when its turnover (gross income minus GST) reaches $75,000 and above.
What if my business is growing but is still below the $75K threshold?
A business should register for GST when the expected turnover exceeds the $75,000.00 threshold during the coming 12 months. However, if you feel your sales are below $75,000 but still want to register for GST, you can register for GST voluntarily. It is important to note that you need to register for GST when your expected sales in the coming twelve months exceed the $75,000.00
What if I fail to register for GST?
If you are required to register for GST but fail to do so, and you did not collect the GST for your customers, and if the ATO starts to audit, then the business requires you to pay back GST – which will involve a shortfall penalty plus interest.
Can I register for GST if my turnover is below $75K
Simply put, the answer is yes. If you are registered for GST and your turnover is below $75,000.00, you are only required to lodge an Annual Business Activity Statement.
How often do I need to submit BAS statements?
Annually when turnover is below $75,000.00
Quarterly when turnover exceeds $75,000.00
Monthly when turnover exceeds $20,000,000.00
As a leading professional CPA accounting firm with offices in Ashfield, Sydney, and North Beach, Adelaide, we’re ready to get your finances and tax affairs optimized. Call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.
Bookkeeping
Are you a sole trader, partnership, trust or company and find it is tedious and mundane to do the bookkeeping for the business day in and day out? Well, we can help you to streamline your bookkeeping services.
Enduego Tax is a perfect choice for you. As one of the most specialized and experienced leading CPA accounting firms in Inner West Sydney Ashfield, Northern Beaches Belrose, and Adelaide, our experienced bookkeeper will be able to guide you along the way. In addition, we will provide an affordable bookkeeping solution to you. Our hourly rate for a bookkeeper ranges from $45 to $50 plus GST per hour, and we will help you streamline your bookkeeping process.
We are confident that you will experience high cost and tax savings by using our bookkeeping service.
Please come and talk to us. Our clients include businesses from diverse industries, including tradies, builders, freelancers, IT professionals, beauticians, hairdressers, contractors, franchises, allied healthcare businesses, construction, wholesalers, medical professionals, couriers, and share riders and more. We use online, cloud-based software packages, such as Quicken, and Xero Accounting software, which accountants and businesses trust worldwide.
No job is too small or too big for us. So please give us a call on 1800 841 312 hence we can start the journey together with you.
Company Trust Business Tax Returns
Are you a small to medium-sized business owner looking for a qualified, experienced accountant?
At EndureGo Tax, we believe an accountant should be a part of your business, a collaborator who can work with you to provide solutions tailored to your business’s unique needs.
We will ensure the timely lodgement of your activity statements and tax returns with an extensive and holistic range of taxation and accounting services. We will provide you are optimally structured for taxation purposes and, using every legal strategy, ensure your compliance and maximized tax returns.
As a leading professional CPA accounting firm with offices in Inner West Sydney Ashfield, Northern Beaches Belrose, Adelaide, we can also help you implement strategies to boost your sales and grow your customer base.
We also specialize in tax audits. As a result, we have saved many of our clients thousands of dollars by avoiding tax audit penalties, interest charges and the numerous associated tax audit costs. We can always negotiate a better outcome for you with the ATO.
We had at one time helped a client to save up to $200,000 in shortfall tax penalties and interest by opening up a proper negotiation channel with the Australian Taxation Office.
If you’re interested in taking your business to the next level, call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.
Self Managed Super Fund
A Self Managed Superannuation Fund (SMSF) is a super fund set up for those who wish to manage their superannuation assets by themselves.
Australian Taxation Office recommends that you have at least $200,000 in the fund to be economically feasible to set it up.
Are you a trustee of Self Managed Super Fund? As one of the most specialized and experienced accounting firms in Ashfield, Inner West Sydney, Northern Beaches and Adelaide, our professional accountants will be able to guide you along the way.
Our principal John Cheng was an SMSF Auditor before he resigned from the role. Although he has since left, however, as a prior auditor of SMSF, he has extensive experience in the compliance aspects of SMSF. As a result, he will be able to work with the auditor to ensure your fund is compliant.
As the leading CPA firm and highly experienced accountant and tax agent in Inner West Sydney, Northern Beaches and Adelaide, we can provide an affordable solution to meet your self-managed super fund SMSF needs.
All super funds must comply with the SIS Act, ITAA 1936, and ITAA 1997. The trustees are required to oversee these compliance requirements.
For example, it is crucial to ensure that the timely lodgement of the SMSF tax affair or the fund will become non-compliant. If the compliance breach is severe, the fund will lose its concessional status. Some possible penalty includes
That the fund remains non-complying every year; its assessable income is taxed at the highest marginal tax rate.
In the year it becomes non-complying, it must include in its assessable income an amount equal to the market value of the fund’s total assets less any contributions the fund has received that are not part of the fund’s taxable income.
Winding up the Self Managed Super Fund
Disqualify the trustee to become the trustee of the Self Managed Super Fund.
Sometimes, the Australian Taxation Office can impose criminal sanctions against the trustee for non-compliance
There are many advantages to SMSF. The main two reasons for choosing an SMSF over a regular fund are the cost advantages and the control that members get over their own investment decisions.
For example, for a self-managed super fund, the trustee of the SMSF has more discretions as to what to invest; however, it must be within the SIS Act Scope. The SMSF can invest in a residential dwelling or commercial property. The SMSF, however, the investment must adhere to the SMSF strategy to be compliant.
When you are opening up the SMSF, you factor into the ongoing fee and appoint a professional accountant or tax agent to manage the bookkeeping aspect of the SMSF to ensure it is compliant.
Individual PAYG income tax return
Are you certain you’re maximising your tax return?
Paying tax is unavoidable, but why pay more than the law requires you? EndureGo Tax expertise in individual tax returns and tax advice will maximize your tax return by ensuring you’re claiming the full extent of all your work-related deductions.
Once you engage us, we will also advise improving your future tax position. Our chartered professional accountants have an agile and up to date understanding of recent changes to the law. More than any other recent event, the COVID19 pandemic has changed our world and tax and superannuation laws. Let us show you the silver lining in these recent changes.
Read about some recent COVID-19 related changes and they could benefit you.
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If you worked from home during the lockdown, you’re entitled to claim 80 cents per hour office running costs rather than the previous 52 cents per hour.
Listed are just some areas in which we can increase your tax return.
Education, training and continuing professional development (CDP)
Work-related motor vehicle expenses
Miscellaneous work-related expenses
Donations
Travel
Our fee can also be claimed as a deduction
As a leading professional CPA accounting firm with offices in Ashfield, Sydney, and North Beach, Adelaide, we’re ready to get your finances and tax affairs optimized. Call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.
Do Your Tax Returns In Our COVID-safe Office environment or Online.
In-Office Tax Returns
Book a tax return appointment with one of our professional and friendly staff at your local EndureGo office
Online Tax Returns
Get your tax return done online. It’s quick, easy to complete, and painstakingly checked by our expert staff. Online Tax Returns with EndureGo Tax are easily the fastest way to get your tax refund.
If you want value-added tax accounting, call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.
Specialized Services
If it involves numbers and businesses, we can help you. Our specialist expertise includes:
Bookkeeping
Sole trader & partnerships returns
Self-managed super funds
BAS preparation
Financial statement preparation
Property investment tax advice
Tax planning and advice
Company & Trust Accounting
If you want value-added tax accounting, call EndureGo today for an initial free 15-minute telephone consultation with John and his team on 1800 841 312.
Negative Gearing and Investment Property
What Is Negative Gearing?
Gearing is when you borrow money to invest in an asset (typically property). The income earned from your investment property is either positively or negatively geared. A property is negatively geared when the income generated from the property is less than its costs (loan repayments and other property-related expenses). Negative gearing tax law permits you to claim the loss as a tax deduction, reducing your taxable income. Consequently, negative gearing can make property investment a surprisingly accessible means of wealth creation. It can help you reduce your tax and sometimes give you a substantial tax refund.
Since the value of negative gearing is its capacity to reduce taxable income, it is essential not to miss any claimable deductions, especially depreciation expense from the building, the bank fee, or the amortization of the lender mortgage insurance. – every cent counts.
EndureGo will ensure you claim every legal deduction and advise on structuring your investment to optimize your tax position. Our perspective is always holistic. We look at your entire financial profile and deploy negative gearing in the manner that best suits your individual needs.
To discuss how negative gearing can work for you, call one of our friendly staff on 1800 841 312 or email us at hello@endurego.com.
