Field Kiriakidis Accounting

26/03/2025

https://www.instagram.com/reel/DHU8f4kxS-Z/?igsh=N3BvcHc2dW5laGVq

Remember why we are all working for.

02/03/2025

https://au.finance.yahoo.com/news/massive-ato-change-coming-in-weeks-for-struggling-aussies-doesnt-seem-fair-225626735.html

The ATO are targeting poor lodgers of BAS.

The tax office is trying to claw back tens of billions of dollars of debt and small businesses will be targeted under a new scheme.

21/02/2025

Big news.
https://www.afr.com/wealth/tax/family-trusts-may-seek-1b-in-tax-refunds-after-landmark-decision-20250220-p5ldo8 #:~:text=Family%20trusts%20incorrectly%20penalised%20by,landmark%20court%20victory%2C%20experts%20say.

Family trusts incorrectly penalised by the Australian Tax Office should act now to lodge objections, lawyers say.

20/12/2024

https://www.fool.com.au/2024/12/19/how-much-superannuation-do-i-need-to-retire-on-100000-a-year/

Hoping for a retirement of enjoying the finer things in life? Here's how much superannuation one needs today to retire on $100,000 per year.

17/11/2024

Our annual golf day and proud sponsorship of our club. Preston Lions Football Club

06/07/2024

Avoid Tax Time Scams: 7 Essential Tips to Protect Yourself

Tax season is a hotspot for scams. Here is CPA Australia's guide to safeguard your personal information and financial security:

👀 Spot the Signs: Watch for grammatical errors or unusual language in emails and SMS.

📲 No Links in SMS: The ATO removed hyperlinks in unsolicited SMS to help spot scams—beware of any links or QR codes.

📧 Check Email Senders: Look for anomalies in sender addresses like extra letters or numbers.

❗ Beware of Urgent Requests: ATO never asks for passwords or sensitive info urgently via email or SMS.

✅ Verify Social Media: Official ATO accounts have verified logos—report any suspicious accounts.

🗣️ Social Media Caution: ATO won't discuss personal accounts on social media—report any such interactions.

🌐 Verify Contacts: Unsure? Contact ATO directly to verify legitimacy.

Stay vigilant and share these tips to protect yourself and others from tax scams 👉 https://bit.ly/4cIu9N0

27/06/2024

https://www.instagram.com/reel/C8alZhDSkDM/?igsh=MXUwdnoydXY5aW50ZA==

27/01/2024

https://www.instagram.com/reel/C2MMv6IR7Lj/?igsh=cXJ4bHhjbDRsNzl6

31/12/2023

Always front of mind.

03/12/2023

https://www.instagram.com/reel/CyyfSrXRRju/?igshid=ODhhZWM5NmIwOQ==

16/09/2023

Depleted savings, credit card debt leave economy on last legs’

Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming recession, says turnaround specialist Michael Fingland.
‘Depleted savings, credit card debt leave economy on last legs’

Maxed-out credit cards together with household savings at a 20-year low are alarming portents for the looming recession, says turnaround specialist Michael

The founder and CEO of Vantage Performance said the increased costs of servicing a mortgage had depleted cash built up during the pandemic and it was business as usual for credit card debt.

“Inflation is coming down because the household savings rate is now at such a low level,” he said on the latest Accountants Daily podcast. “Also through Covid the average credit card balance dropped by a third … it’s just tipped back up at the end of the June quarter, back up to the peak of where it was pre-Covid.”

“The economy, in terms of discretionary spending, is now exhausting itself.”

“Look at the US and Europe – when you go into a recession with a very low household savings rate the recession is worse because there’s just no buffer.”

11/09/2023

There’s a lot to be across when it comes to tax time 🤯

Before you complete your 2023 Tax Return, find out what’s new for individuals and any changes that may affect you. Visit www.ato.gov.au/whatsnew