Archive for the 'Tax Returns' Category
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:
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.
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
Following a recent computer upgrade, the ATO is now experiencing significant delays processing income tax returns. If you lodged your return after 4 January 2010 then you are affected by this problem.
We are still waiting for assessment notices and tax refunds lodged after 4 January 2010.
Once we have received them, we will forward them onto our clients as quickly as possible. We have been advised by the ATO that all outstanding assessments should be processed by the end of the month
Click for more information. If you have any questions: Call 9400 8400
We try to be innovative and stay connected with our clients and customers. We’ve just created a Facebook page for our company.
We encourage our clients to become a fan of Prouse Family Accountants on Facebook. Please use the discussion feature and watch out for news, updates and special offers.
Please stay connected and make sure we have your current contact details. We would like to use electronic forms of communication a lot more in 2010 – its more convenient for our clients and saves money and paper in the long run.
Prouse Family Accountants understands that many taxpayers find it difficult to arrange time off work to travel to one of our offices to have their tax return prepared within standard business hours.
Many working families choose to avoid the hassle of arranging baby sitters or child care and appreciate our friendly, experienced staff preparing their return from the convenience and comfort of their own kitchen table or lounge room.
Personal Tax Returns prepared on the road from $143
If you own a rental property, have invested in shares or operate a business then your tax return is going to be more complicated – and our fees will be higher.
Fees can be paid up front or deducted from your tax refund. We accept payments by cash, cheque, credit card or internet bank transfer.
Typically, a tax return takes between ten to fourteen days to be processed and assessed by the ATO.
