Odyssey Tax & Accounting

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Odyssey Tax & Accounting Odyssey offers a broad range of Accounting and Tax Services to business clients and individuals.

19/10/2024

Oh the night is only young!!! We couldn’t have done it without our awesome sponsors - Odyssey Tax & Accounting. They have not only donated to Telethon but they are here to hit a ball with Gary Lyons

Go Gazza and Levi for Telethon Kids Charity Tennis Event

🚀 October Insights: What You Need to Know! 🚀Tax Time Shock? Not on our watch! 💰Get ahead by notifying your employer abou...
02/10/2024

🚀 October Insights: What You Need to Know! 🚀

Tax Time Shock? Not on our watch! 💰
Get ahead by notifying your employer about study loans, checking your tax-free threshold, and considering PAYG instalments. Let’s keep that tax bill in check!

⏰ Reminder for Employers:
Super contributions for the September quarter are due by 28 October 2024. Don’t get hit with SG charges!

📱 myGovID is now myID!
No changes for users—just a fresh name and the same great access!

🔒 ATO Fraud Protections Enhanced:
If you’ve been a fraud victim, accessing your ATO info just got easier. Stay secure!

📊 SMSF Asset Valuations:
Trustees, start gathering your asset evidence now to avoid audit delays!

🔍 ATO Data-Matching:
The ATO is on a data mission—make sure you’re compliant!

Feel free to share and reach out with questions!
📞 Contact Us:
🌐 odysseyta.com.au
📞 +61 08 9381 2266
✉️ [email protected]

🌟 Choosing the Right Trustee for Your SMSF: Key Insights 🌟When setting up your Self-Managed Super Fund (SMSF), selecting...
05/09/2024

🌟 Choosing the Right Trustee for Your SMSF: Key Insights 🌟

When setting up your Self-Managed Super Fund (SMSF), selecting the right trustee—individual or corporate—is crucial. Here’s a concise guide to help you make an informed decision:

💰 Cost vs. Complexity
Individual Trustees: Typically have lower setup costs but can become complex to manage as your fund grows.
Corporate Trustees: Involve higher initial costs but offer streamlined administration and potential long-term savings.

🛡️ Asset Protection
Corporate Trustees: Provide enhanced protection by separating personal and SMSF assets, reducing risk from personal financial issues.

🔄 Ease of Management
Corporate Trustees: Simplify the addition or removal of members and streamline administrative tasks.

📈 Legal & Financial Benefits
Corporate Trustees: Often offer better loan terms and limit personal liability, providing added peace of mind.

Choosing wisely can make a significant difference to your SMSF’s future success! 📊✨

🔹

Feel free to share and reach out with any questions!

📞 Contact Us:
Website: www.odysseyta.com.au
Phone: +61 08 9381 2266
Email: [email protected]

19/12/2022

On the road again, or taking a ride on a big jet plane? ✈️🌏

If your travel is related to your work, and you stay away from your home overnight, you may be able to claim a deduction!

Whether you’re flying to meet with a client, or attending a conference, just make sure:
✔️ you spent the money yourself, and weren’t reimbursed
✔️ the expenses are directly related to your work, and
✔️ you’re keeping good records.

For more high-flying info on what travel expenses you could claim, visit
www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/Transport-and-travel-expenses/

13/12/2022

🏡 Own a rental property? There are some important records you need to keep! 🧾

Zaara’s across what rental income she needs to declare and the expenses she can claim, but her record keeping isn’t quite up to scratch.

By keeping the right records, Zaara will be able to work out exactly how much income she’s earned, which deductions she can claim, and provide proof if needed!

If you own a rental property, read about the records you should be keeping at www.ato.gov.au/Individuals/Investments-and-assets/Residential-rental-properties/Records-for-rental-properties-and-holiday-homes/

07/12/2022

I can invest in whatever I want 🚗
I can access my super whenever 💰
I’ll do it all myself 💪

There are a lot of myths out there when it comes to self-managed super funds (SMSFs) even though they can be a great way to take control of your retirement savings.

From creating an investment strategy, to keeping good records and finding an auditor, you are responsible for running an SMSF which takes a lot of time, effort and money.

If you’re thinking of starting an SMSF, make sure you’re across what’s involved first at www.ato.gov.au/thinkingSMSF

Address

Unit 10, 100 Hay Street Subiaco
Perth, WA
6008

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 12pm

Telephone

+61893812266

Website

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