Generated by All in One SEO v4.9.0, this is an llms.txt file, used by LLMs to index the site. # Covino & Co Accountants & Business Advisors in Norwood, Adelaide ## Sitemaps - [XML Sitemap](https://covinoco.com.au/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [News](https://covinoco.com.au/news/) - [Important tax update: Changes to ATO interest deductions](https://covinoco.com.au/covino-co-updates/important-tax-update-changes-to-ato-interest-deductions/) - From 1 July 2025, the Australian Taxation Office (ATO) will no longer allow deductions for General Interest Charges (GIC) and Shortfall Interest Charges (SIC) incurred on overdue or underpaid tax liabilities. What this means for you Any ATO interest incurred on or after 1 July 2025 is non-deductible, regardless of whether the debt relates to an earlier year Interest - [Guide to Access JobKeeper Payment](https://covinoco.com.au/covino-co-updates/guide-to-access-jobkeeper-payment/) - myGovID - Explained Relationship Access Manager (RAM) - Explained Guide for accessing ATO Business Portal for JobKeeper payments With all the recent updates, legislative changes and our newsletters over the last 4 weeks we’re aware that it’s been probably overwhelming but we believe it’s important to keep you aware of all the available information. - [Stop the Press: JobKeeper Update](https://covinoco.com.au/covino-co-updates/stop-the-press-jobkeeper-update/) - On the 14 April 2020 the ATO has release some further guidance on JobKeeper. Turnover Test How to calculate a fall in turnover for the first fortnight of JobKeeper Payment starting 30 March 2020 (30 March 2020 to 12 April 2020). To work out your fall in turnover, you can compare either: GST turnover for - [New Government Financial Assistance](https://covinoco.com.au/covino-co-updates/new-government-financial-assistance/) - A new announcement from the Australian Government today, has provided a much needed life-line for businesses. JOBKEEPER PAYMENT In summary: For employers who declare that their business has/will have a 30% decrease in turnover (comparable to same period last year) Employers must have eligible employees as at 1 March 2020 to receive this payment Eligible - [JobKeeper Payment Scheme - Further Clarification](https://covinoco.com.au/covino-co-updates/jobkeeper-payment-scheme-further-clarification/) - We have been inundated from business clients with some of the workings of JobKeeper Payment which the government announced on the 30th of March 2020. Although the legislation has not yet been passed by parliament (expected Wednesday 8 April 2020), yesterday the government released further clarification on its workings, which we thought it prudent - [Second Covid-19 Stimulus Package](https://covinoco.com.au/covino-co-updates/second-covid-19-stimulus-package/) - On the 22nd of March 2020 the Australian Government announced a second round stimulus package in response to the Covid-19 enhancing the first stimulus announced on the 12 March 2020, such is the anticipated impact of Covid-19 will have on the Australian economy and society. We anticipate further stimulus and announcements all in an effort to cushion - [4 quick points to remember when claiming work-related expenses](https://covinoco.com.au/covino-co-updates/4-quick-points-to-remember-when-claiming-work-related-expenses/) - To claim work-related expenses, keep in mind these 4 points: 1. You must have spent the money yourself. 2. You were not reimbursed for the money spent. 3. The expense must be directly related to earning your income. 4. You must have a record to prove it. Work expenses reimbursed to you by your employer - [11 deductions you (probably) can’t claim](https://covinoco.com.au/covino-co-updates/11-deductions-you-probably-cant-claim/) - 1. Trips between home and work. Generally, you can’t claim a deduction for these because they’re considered private travel. 2. Car expenses for transporting bulky tools or equipment, unless: you need to use your bulky tools to do your job your employer requires you to transport this equipment there is no secure area to store - [ATO cracking down on your work-related expenses!](https://covinoco.com.au/covino-co-updates/ato-cracking-down-on-your-work-related-expenses/) - Did you know that the ATO scrutinises every tax return? This year, the ATO is cracking down on taxpayers claiming incorrect ‘other’ work-related expenses. It’s important to make sure you don’t claim more than you are entitled to! The ATO uses real-time data to compare taxpayers with others in similar occupations and income brackets, to - [Coronavirus (COVID-19) Stimulus Package](https://covinoco.com.au/covino-co-updates/coronavirus-covid-19-stimulus-package/) - Update on the government's stimulus package released for Coronavirus (COVID-19) ## Pages - [Home](https://covinoco.com.au/) - Trusted accountants and business advisors in Norwood, Adelaide. Taxation, SMSF, business growth strategies tailored for South Australian businesses. - [Jack Lam](https://covinoco.com.au/about-us/meet-our-advisors/jack-lam/) - With over 14 years of experience in accounting practice in Adelaide , Jack is a Certified Practising Accountant known for delivering practical, client-focused solutions. He has extensive knowledge across a wide range of accounting software, including Xero, MYOB, QuickBooks, and other cloud-based platforms—helping businesses of all sizes improve efficiency and stay compliant. Jack strives to - [Lending Assistance](https://covinoco.com.au/services/finance-assistance/) - We offer in-house mortgage and finance broking services with Capital Star Finance Solutions. These services can include: Residential property finance Commercial property finance Business loans including equipment finance Self Managed Super Fund finance products Please contact our office if you would like to discuss how we can help you or your business with financing solutions. - [Anastasia Tarasova](https://covinoco.com.au/about-us/meet-our-advisors/anastasia-tarasova/) - Anastasia’s role includes client services and administration of the firm. She is responsible for ensuring that our clients have a positive experience throughout the delivery of the firm’s professional services. Anastasia provides support and communication to both clients and advisors, ensuring that both parties are fully informed and engaged with the process of the professional - [Troy Kennedy](https://covinoco.com.au/about-us/meet-our-advisors/troy-kennedy/) - Troy is a Chartered Accountant with over 17 years of experience having worked in several fields including public practices, finance, and the public sector. He has experience in dealing with small to medium sized businesses in retail, manufacturing, and professional services. He enjoys communicating with clients to gain insights into their business and use this - [John Wilkinson](https://covinoco.com.au/about-us/meet-our-advisors/john-wilkinson/) - John is a Chartered Accountant with 20 years experience working in the industry. He joined Covino & Co in 2006 and has been in the role of Team Leader for the previous 6 years. John has extensive experience dealing with a diverse group of clients in a range of industries from building and construction, property, - [Christopher Covino](https://covinoco.com.au/about-us/meet-our-advisors/christopher/) - Christopher is a Chartered Accountant with 13 years of experience, having worked in accounting practices in Melbourne and Adelaide. His experience is across many clients in a wide range of different industries including professional services, construction, hospitality, retail and manufacturing. He holds excellent knowledge of Xero and uses these skills to assist clients to setup - [Accounting](https://covinoco.com.au/services/accounting/) - With the ever changing technology in accounting based software, we have all the tools to assist you in the following areas: Preparation of statutory financial statements Review of internal financial accounts Specialists in cloud based accounting Assistance in the setup and use of Xero, MYOB, QuickBooks Assistance in the setup and use of business related - [Michael Fan](https://covinoco.com.au/about-us/meet-our-advisors/michael-fan/) - Michael is a Chartered Accountant with over 8 years experience in private practice, having extensive knowledge in Tax Planning, Capital Gains Tax and SMSF. Michael is driven by the need to provide great service and advice to clients/business owners. "Numbers can tell stories" - Michael truly believes that it is essential to understand the needs - [What we do](https://covinoco.com.au/about-us/what-we-do/) - We strive to become your trusted advisor that can assist in a range of financial and business matters that may arise. Covino & Co adopts an integrated solutions service approach with our clients, providing services in Accounting, Taxation, Business Advisory, Superannuation and Lending Assistance. Our firm wants to help you achieve your financial and business - [Superannuation/SMSF](https://covinoco.com.au/services/superannuation-smsf/) - Superannuation is a key element to create and sustain the lifestyle of your choice once retired. It is a landscape of constant legislative changes and seems to be ever evolving. We pride ourselves on keeping up to date on these changes to ensure we provide sound advice and services to our clients regarding Superannuation. We - [Jim Covino](https://covinoco.com.au/about-us/meet-our-advisors/jim-covino/) - Jim Covino has been advising and assisting businesses and individuals for over 30 years. His strong client focus saw him commence the practice 1991 and during that time he has maintained his enthusiasm in collaborating with clients to deliver effective positive outcomes to their challenges. His strong analytical & strategic thinking together with taxation knowledge - [Changing Accountants](https://covinoco.com.au/changing-accountants/) - Have you been receiving the service and attention you think you deserve from your accountant? Would like to move your business to a firm which really cares? We can help you with the process! Many people think that changing accountants to be a tedious process which can disrupt the day to day operations of their - [Business Advisory](https://covinoco.com.au/services/business-advisory/) - We consistently strive to offer services that deviate from those offered, by what some would call the ‘traditional accountant’. The umbrella of Business Advisory covers many aspects of your business ranging from business coaching with monthly or quarterly meetings to three-way forecasting. This allows us to become an integrated solutions service provider for the financial - [Taxation](https://covinoco.com.au/services/taxation/) - We prefer a proactive relationship with our clients when it comes to Tax & Compliance. This area of our firm is where we build the basis of our integrated solutions service for our clients and allows us to gain a greater understanding of their circumstances. We provide assistance and advice in the following areas of - [Meet our Advisors](https://covinoco.com.au/about-us/meet-our-advisors/) - [About us](https://covinoco.com.au/about-us/) - [Contact Us](https://covinoco.com.au/contact-us/) - Enquiry Form - [Services](https://covinoco.com.au/services/) ## Categories - [Covino & Co Updates](https://covinoco.com.au/category/covino-co-updates/) ## Tags - [coronavirus](https://covinoco.com.au/tag/coronavirus/) - [covid-19](https://covinoco.com.au/tag/covid-19/) - [stimulus](https://covinoco.com.au/tag/stimulus/)