CHN Herold Ross is a Chartered Accounting firm located in Ringwood, in the eastern suburbs of Melbourne. As a professional services firm we pride ourselves on our high standards, technical skills and our lateral approach to solving the varied challenges facing our clients. In today’s rapidly changing business environment we recognize that our clients want a firm that offers accuracy, proactiveness, accessibility, affordability and innovation, all things that CHN Herold Ross aspires to provide.
(what we do every day)
Every day, we help our clients to understand and choose the most appropriate actions to;
(what we are striving to become)
CHN Herold Ross is to be regarded as Melbourne's most professional and trusted profit, wealth and taxation advisors.
(what is non-negotiable)
Integrity & Respect
Accountability & Commerciality
Innovation, Passion & Fun
Posted: Wednesday, 7 Sep, 2016 by CHN Herold RossThinking of starting a new business? Here are some key things you need to consider before starting your own business. THE FUNDAMENTALS If you have a great idea and have decided to turn it into a business good for you! You are not alone; every week hundreds of Australians begin the start-up business journey but having a great idea and having a great business are two different things so...
Posted: Wednesday, 7 Sep, 2016 by CHN Herold Rossclient alert tax news | views | clues Share economy participants reminded of tax obligations The ATO has reminded people who earn income in the share economy that they have tax obligations. The type of goods or services you provide, and how much you provide, will determine what you need to do for tax.Popular sharing economy services include: providing...
Posted: Wednesday, 31 Aug, 2016 by CHN Herold RossBusinesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year The tax office uses the information you report about payments you made to contractors to detect contractors who have not: lodged tax returns included all their income on tax returns that have been lodged. Watch the video below and...
Posted: Tuesday, 30 Aug, 2016 by CHN Herold RossFrom 1st July 2016 accountants generally are no longer exempt from ASIC regulations restricting the provision of advice regarding Self Managed Super Funds (SMSFs). This means we had to become authorised to advise under the Australian Financial Service (AFS) licencing system by that date. The good news for both us and you is that we have now completed all the required training and other ASIC...
Posted: Tuesday, 23 Aug, 2016 by CHN Herold RossIf you use your car for work purposes you are entitled to claim the expenses that relate to the business usage. There are now only two methods you can use to claim car expenses. To be eligible to claim under these methods you must own the car and keep appropriate records for each method.If you use someone else's car for work purposes, you may be able to claim the direct costs (such as fuel) as a...
Posted: Wednesday, 3 Aug, 2016 by CHN Herold RossAs you may know the OneDay to Conquer Cancer benefiting the Peter MacCallum Cancer Centre is coming up on October 22nd. The Peter Mac Centre is Australia's only public hospital solely dedicated to cancer and home to Australia's largest cancer research group. One of our own, Andrew Morris, is joining in this year to help support this fantastic cause. Here's what the great man had to say....
We are very happy and appreciate the expertise, support, honesty and guidance we receive from you and all the staff at CHN Herold Ross.As owner manager of a small business, the everyday operating is difficult enough, without trying to keep abreast of the accounting and ever changing tax rules.Staffing, technology advancement, computer software updates, reporting regulations…. the ever evolving changes necessary within the business.Imagine the mess we would get ourselves into! Doesn’t bear thinking about.
So, we take this opportunity to thank you along with all the CHN staff, for your professionalism, your accessibility when we hit a hiccup and for your genuine interest in our business.
Bruce Shepherd | Bob Watson Service Centre
Andrew, Mark & the team at CHN Herold Ross have been guiding us for all of our 28 years in business and have contributed greatly to our wealth creation plan.
They have always been very professional and sound in their business & tax advice and have been willing participants in assisting us with our in-house accounting methods to ensure accuracy with economy.
I have no hesitation in recommending their services.
Shane Doran | Doran Printing
As a busy design studio, we have little time for for anything else other than helping our clients. So naturally, we are wrapped when our accountants, CHN Herold Ross, consistently make the preparation of all our end of year bookwork simple and quick.
When the time comes to sign the documents, we even get a practical review of the past year and what action we can take for the future to minimise our tax and maximise our profits.
Peter King | Burst Creative