2011 Income Tax Return Services

Prouse Joondalup Accountants prepares 2011 income tax returns from 1 July 2011.From 1 July 2011, Prouse Family Accountants in Joondalup will be able to prepare and electronically lodge individual and business income tax returns for the 2010/11 financial year.

Our business has grown substantially in the last 12 months. Our Joondalup office lodged an additional 700 income tax returns in 2010 (when compared to 2009) and we are looking forward to helping all of our clients – existing and new – with their 2011 income tax return.

Call the office on 08 9400 8400 when you are ready to make your appointment.

What time can I make an appointment?

Our Joondalup office is open Monday to Thursday from 9AM until 7:30PM (last appointment at 7PM). On Fridays we are open from 9AM until 5PM and on Saturdays from 9AM until 1PM.

Mobile tax return services are available on weekdays from 3PM until 7PM.

To make an appointment call 08 9400 8400.

[Read more...]

BankLink: The best accounting solution for small business clients

“The BankLink Service provides small business clients of Prouse Family Accountants with solutions to simplify the accounting process – letting small business owners spend less time on accounting and more time on their business (or with their family).”

BankLink_logo_small

For a small monthly fee,  BankLink automates and streamlines your accounting by virtually eliminating manual data entry and the collection of receipts and bank statements.

You don’t have to spend hours doing your books with software (like MYOB or Quickbooks) that is often complex and expensive to use.

And, BankLink makes it easy for Prouse Family Accountants to send your business regular financial information so you can make well informed business decisions.

[Read more...]

Do you need a Joondalup accountant?

Prouse Family Accountants in Joondalup specialises in supporting families by providing tax, business, investment and superannuation accounting services.

We build successful business relationships with our clients who value our knowledge, experience and network of professionals. We speak to our clients in plain English (or Afrikaans) and answer questions with minimal jargon and maximum detail.

We help families and businesses.

We return phone calls quickly and answer emails – and we charge reasonable fees that represent value for money for our clients. We also offer an afterhours mobile tax return service to our clients.

We are personal tax accountants and business accountants and advisers

Our client base is diverse – with families from various circumstances, backgrounds, cultures, countries and occupations. We also have considerable experience assisting and introducing new migrants to the Australian income tax and GST system.

We provide more than income tax return services

Prouse Family Accountants in Joondalup provides clients with a complete range of professional accounting and financial services including:

  • Preparation of financial statements
  • Bookkeeping & GST
  • Buy, sell or start a business
  • Budgets and cashflow analysis
  • Profit and cost analysis
  • Form partnership, trust or company
  • Assistance with finance, mortgages and business insurance   
  • Choosing the right software (business or property investment)
  • Questions about capital gains tax (property, business, shares)
  • Buying your own home
  • Buying a rental property
  • Investment property tax advice
  • PAYG income tax variations
  • Financial Planning
  • Self managed superannuation funds

If you would like to make an appointment, then please call our office on 08 9400 8400 to make your appointment.

2010 Rental Property Tax Return

c107723_s

If you have an investment property then your are required to include a rental property schedule with your income tax return.

We’ve attached a blank schedule below. It shows the information categories used by the ATO to calculate your rental return.

Download a blank rental property schedule

What can I claim?

Taxpayers with rental properties incur a number of expenses. Most of these are completely tax deductible. These expenses include:

  • c260780_a_thumb Interest paid on the investment loan
  • Management fees and charges
  • Advertising for tenants
  • Council rates and taxes
  • Insurance premiums paid
  • Body corporate and strata fees
  • Repairs and maintenance
  • Depreciation on furniture and fittings

For a more exhaustive list, please contact us or register online. If you are thinking of investing in property or have a few unanswered questions then please make an appointment to see one of our friendly accountants.

009 Rental Property Tax Returns. Prouse Family Accountants. Call 9246 9055 to make an appointment.Don’t forget to ask us how a depreciation report could save you thousands of dollars in tax every year

If you are considering investing in property or have already purchased an investment property then we are the perfect tax accountants for you. Most of us have invested in property ourselves and we are more than happy to help you maximise your returns.

Appointments: please call (08) 9400 8400

Where does your business fit? ATO Small Business Benchmarks

ATO Small Business Benchmarks. Prouse Family Accountants. The Australian Tax Office recently announced that they will be keeping close tabs on the performance of small businesses and subcontractors. The ATO has released more than 70 industry benchmarks for a wide range of business activities.

The benchmarks look at small business performance (sales, turnover and profit) and the value of costs and inputs (materials, wages, tools etc) and produce a series of guidelines and formulas that help small business owners – and the tax office – measure their actual performance against the benchmarks.

The purpose of benchmarks

  • compare a business with others in the industry to assess performance
  • check that tax obligations are being met, in particular the recording of all cash transactions
  • work out if a business needs to adjust its record-keeping practices, and
  • assess whether the Tax Office is likely to select a business for an audit or review.
  • identify businesses that may be avoiding their tax obligations.

[Read more...]