Call:  03 9870 1300

1st Floor, 2-8 Railway Ave, RINGWOOD EAST, VIC, 3135

Tax News

Audit & Assurance Services

Retirement & Wealth Management

Taxation & Business Advisory

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.

OUR MISSION
(what we do every day)

Every day, we help our clients to understand and choose the most appropriate actions to;

  1. Improve their business growth, profitability and cashflow through strategic planning;
  2. Protect and grow their net wealth; and
  3. Legally minimize their taxation.

OUR VISION
(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.

OUR VALUES
(what is non-negotiable)

Integrity & Respect
Accountability & Commerciality
Innovation, Passion & Fun


 

May 2018

client alert tax news | views | clues ATO closely examines work-related car expenses The ATO is concerned about taxpayers making mistakes or deliberately lodging false claims for work-related car expenses, and has announced it will be closely examining claims for these expenses in 2018 tax returns. Last year, around 3.75 million people made a work-related car expense claim, totalling about $8.8...
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May 2018 Budget Edition

federal budget  |    May 2018 PERSONAL TAXATION Personal tax rates: staged seven-year reform plan starting from 2018–2019 In the 2018–2019 Budget, the Government announced staged tax relief for low and middle income earners. The Government is proposing a major seven-year, three-step plan to reform personal income tax. Step 1 will see a new, non-refundable low...
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April 2018

client alert tax news | views | clues ATO embarking on e-Audits The ATO has recently published information about the “e-Audit” technology it uses as part of its tax compliance activities. These audits involve the ATO performing computer tests on a taxpayer’s own electronic records to verify that the data is accurate and complete and that the taxpayer has complied with relevant...
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March 2018

client alert tax news | views | clues Bill to implement housing affordability CGT changes As part of the 2017–2018 Budget, the Federal Government announced a range of reforms intended to reduce pressure on housing affordability. Legislation has now been introduced into Parliament that proposes to: remove the entitlement to the capital gains tax (CGT) main residence exemption for foreign...
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February 2018

client alert tax news | views | clues ATO guidelines: profit allocation within professional firms The ATO has become aware that its guidelines on Everett assignments and the allocation of profits within professional firms are being misinterpreted for some higher-risk arrangements, including the use of related-party financing and self managed superannuation funds (SMSFs). The guidelines have been...
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December 2017

client alert      tax news | views | clues December 2017 Consultation paper: combating phoenix activities The Federal Government has released a consultation paper proposing company and tax law reforms to combat phoenix activities. Phoenix activities involve stripping assets from a company that’s in debt and transferring them to another company to avoid paying the first...
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October 2017

client alert tax news | views | clues Bill to increase Medicare levy The Medicare Levy Amendment (National Disability Insurance Scheme Funding) Bill 2017 has been introduced to implement the Government's 2017–2018 Budget announcement to increase the Medicare levy by 0.5% to 2.5% from 1 July 2019 in order to help finance the National Disability Insurance Scheme (NDIS). Nine other...
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Our Happy Clients 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

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