Chieftains

Welcome to Chieftains, a leading institution located at 20 Enterprise Drive in Bundoora, Australia. We specialize in accounting, establishment, finance, and are a point of interest for professionals in various fields such as medical, engineering, legal, veterinary, architecture, and business services.

At Chieftains, we offer comprehensive services to small and medium-sized businesses, from start-up to eventual sale. Our team provides assistance with setup, ongoing reporting, and all other financial matters, including financial planning. Whether you're an individual or a couple investing in property, we can help you navigate tax implications, negative gearing, and loan finance.

We also provide support for buying or selling a business and offer expertise in business valuation and due diligence. Our experienced professionals are here to guide you through these complex transactions and ensure a smooth process.

In light of recent developments, we want to keep you informed about important changes. The government has announced an extension of the JobKeeper payment scheme until March 2021, providing continued support for businesses affected by the current situation. We can help you understand the implications and navigate through these changes.

Additionally, new super carry forward rules allow you to maximize your contributions if your superannuation fund balance is less than $500,000. We can assist you in understanding and leveraging this new rule to optimize your financial situation.

For individuals with income from investment properties, it's crucial to review your expenses and gather necessary records for the 2020 financial year. Our team can guide you through the process of declaring income and ensuring compliance with tax regulations.

We understand that running a small business involves various expenses, both common and specific to your industry. Our experts can help you navigate these expenses and ensure you are maximizing your financial resources.

While the current circumstances may not be business as usual, it's essential to prepare for your business tax return. Organizing your documents now will streamline the process and ensure you can get back to focusing on your business.

In recent times, the Australian Taxation Office (ATO) has introduced new measures to ensure PAYG withholding obligations are met. We can help you understand these obligations and ensure compliance to avoid penalties.

Furthermore, there is a superannuation guarantee amnesty available for eligible employers with unpaid super obligations. We can guide you through this process and help you take advantage of this opportunity.

In response to the COVID-19 pandemic, the ATO has introduced a 'working from home shortcut' measure, allowing individuals to claim running expenses while working from home. Our team can help you understand and utilize this measure to your advantage.

The JobKeeper payment is a government package designed to support businesses and not-for-profits significantly impacted by the pandemic. We can assist you in understanding the eligibility criteria and maximizing the benefits for your organization.

We also want to keep you informed about the new mandatory commercial tenancy code, which requires both parties to negotiate new leasing arrangements for the next six months. Our team can provide guidance and support throughout this process.

Lastly, recent changes in legislation have extended personal liability for company directors regarding employee PAYG withholding tax and superannuation. We can help you navigate these legal obligations and ensure compliance.

If you have any inquiries or require assistance, please feel free to contact us at (03) 9478 3333 or email us at enquiries@chieftains.com.au. Our office is located at Suite 25, 20 Enterprise Drive in Bundoora, VIC.

At Chieftains, we are committed to providing exceptional financial services and support to professionals and businesses in Australia. Let us help you achieve your financial goals and navigate through these challenging times.