Sharman Rose

Welcome to Sharman Rose, your premier accounting and finance institution located in Newcastle West, Tudor Street. As a trusted establishment in the industry, we offer a range of services that cater to your financial needs. Whether you require assistance with accounting, finance management, or simply need advice on tax planning, our team of experts is here to help.

At Sharman Rose, we understand the importance of staying up-to-date with the latest government announcements and regulations. That's why we are pleased to inform you that the government has recently announced an extension of the Pension DrawDown Relief for 2022. This means that the 50% reduction applied to the minimum pension drawdown rates will continue until 30 June 2022. While this information is currently based on a media release, we anticipate it to be implemented as expected.

In light of the ongoing COVID-19 pandemic, many employees have found themselves working from home. However, this has led to confusion regarding travel deductions. The Australian Taxation Office (ATO) has clarified that they do not expect to see claims for traveling between worksites. As we approach the year-end, it is important to stay informed about any updates or changes in tax regulations.

We are pleased to announce that AUSIndustry has launched a customer portal to manage applications for the R&D tax incentive. This portal allows you to conveniently submit your applications starting from 5 July 2021. We encourage you to take advantage of this user-friendly platform to streamline your R&D tax incentive processes.

We apologize for any inconvenience caused by recent technical difficulties. Our office phones have been offline due to issues with the National Broadband Network (NBN). We assure you that we are working diligently to resolve this matter and appreciate your patience.

It's interesting how society has evolved to value concise communication. Google, for example, suggests that posts exceeding 200 characters are too long. Additionally, posts with visually appealing graphics tend to capture more attention. We find this observation intriguing and welcome your thoughts on this matter.

Unfortunately, the ATO computer system has experienced another crash, leaving taxpayers unable to submit their tax returns. This lack of accountability is disheartening, considering that it is the taxpayers who fund the existence of such organizations. Rest assured, we are closely monitoring the situation and will keep you informed of any updates.

As we approach the start of the financial year on 1 July, it is crucial to engage in tax planning. While last-minute "Tummy Rub" tax planning in June is better than no planning at all, it is not as effective as a well-considered business and tax plan. Our team at Sharman Rose is here to assist you in developing a comprehensive plan that maximizes your financial potential.

In conclusion, Sharman Rose is your go-to accounting institution in Australia. With our expertise and dedication to serving our clients, we strive to be the "Bob the Builders" of the accounting world. So, can we fix it? You already know the answer - let's sing it together! Contact us today to schedule a consultation and let us help you achieve your financial goals.