Silver and Young Chartered Accountants

Welcome to Silver and Young Chartered Accountants, located at 7 Secant Street, Liverpool NSW 2170, Australia. As a trusted institution specializing in accounting, establishment, finance, and a point of interest, we work closely with other Accountants & Solicitors to deliver high-level services in highly specialized accounting and taxation fields.

Compliance obligations are crucial for the smooth operation of any business, and at Silver & Young, we understand the importance of fulfilling these obligations. Whether it's preparing financial statements or completing business tax returns, our dedicated team ensures your compliance, providing you with a solid platform for future planning.

We also offer assistance in setting up and managing self-managed super funds, saving you time and effort. Let us ease the stress by helping you maintain the health of your fund today.

At Silver & Young, we offer a comprehensive range of financial services to meet your personal and business needs. Our goal is to create best-practice strategies and help you achieve your financial goals within your organization. By providing optimal solutions, we aim to alleviate the burden of compliance, saving your precious time and money, allowing you to invest back into growing your business.

In these challenging times, we understand the impact of the Coronavirus pandemic on businesses. That's why we stay updated with government financial assistance programs. The SME Recovery Loan Scheme is one such initiative aimed at aiding the recovery of the economy and providing ongoing assistance to SMEs affected by the pandemic.

Additionally, the NSW Government has released the 2022 Small Business Support Program to support businesses impacted by the recent Omicron wave of Covid-19. We encourage business owners to apply for this program via the Service NSW Website.

As of 1 July 2019, all employers in Australia are required to report wage information under the Single Touch Payroll (STP) rules. This reporting obligation now applies to all employers, including sole traders with no employees.

Furthermore, we want to highlight the 'small business technology investment boost.' Small businesses can enjoy an additional 20% tax deduction to support their digital operations and digitalize their processes. Additionally, they can claim a 20% tax deduction for external training courses delivered to employees by registered training providers.

If you have recently lodged your 2023 tax return and found that you owe money to the ATO, we understand the frustration. We have compiled five reasons why you might have a tax bill this year, providing insights and guidance to navigate the situation.

At Silver and Young Chartered Accountants, we pride ourselves on our expertise, professionalism, and dedication to helping businesses thrive. Contact us today to discuss how we can assist you in achieving your financial goals and ensuring compliance in this ever-changing economic landscape.