Vega Advisory provides personalised and professional accounting & taxation services to individuals, businesses and investors across Australia. As one of the leading and well established accounting and business services firms in Sydney’s Inner West, Vega Advisory provides personalised and professional accounting & taxation services to individuals, businesses and investors across Australia. We provide strategic advice, best tax outcomes and ongoing support to keep you in the strongest financial position possible. At Vega Advisory we understand the unique needs of businesses and pride ourselves on the quality of the service we provide. We work hard with our clients to ensure that they achieve their personal & business goals.
Vega Advisory welcomes the opportunity of providing you with the service you are looking for.
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Our office will be closed from 24 December 2016 and will reopen Monday, 9 January 2017. We also would like to thank all our clients for your continuous support.
Australian Taxation Office
GST and insurance settlement: the terms of an insurance policy may provide that the insurer will only compensate the insured in respect of the actual loss sustained. When an insurer pays out a cash settlement on a claim, it is common practice for the insurer to reduce the settlement amount by 1/11th (the insured input tax credit entitlement) if the insured was entitled to a full input tax credit on the insurance policy premiums. The rationale for doing this would appear to be that the insurer considers they are only required to indemnify the insured for the actual loss incurred. If the insured is entitled to claim a full input tax credit on the replacement item, the insurer may consider that the entity's loss is less than it would have been if they could not claim an input tax credit. In other words, if you choose to use the settlement payment to acquire a vehicle to replace the damaged vehicle, and this acquisition meets all the requirements of section 11-5 of the GST Act, you will be entitled to an input tax credit on the acquisition. The real cost to you of the replacement vehicle will be 10/11th of the GST-inclusive price.
9 bad habits that are killing your productivity - Flying Solo
The following article have some tips that may be helpful for some business owners! http://www.flyingsolo.com.au/working-smarter/performance/9-bad-habits-killing-productivity
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Good Morning from our office at Chullora NSW :)
A quick demonstration of myDeductions
myDeductions | Australian Taxation Office
Our promise to your business! Your work will always be managed by a dedicated client manager who will attend to your business needs and your queries in a timely manner. You no longer have to wait days or weeks to hear back from your accountant!
It's time to get your tax refund from the ATO ... It's Tax time! Our Promotion this year !!! All new clients will receive 30$ off their tax returns' fees. If you are an existing client, refer a friend and both of you will receive $30 off your tax returns's fees - Maximum entitled refund - Fast and reliable service - Have your tax returns completed from the comfort of your own home anywhere in Australia. - Highly qualified professionals with more than 15 years experience. - Booking is essential, call today to book your appointment. - We have offices at Chullora and Campbelltown. for more details, call us at Vega Advisory on 02 9758 7636.