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Introducing The BankLink Service for Self-Managed Super Funds (SMSFs)

January 11, 2012 By

“The BankLink Service provides SMSF trustees with solutions to simplify the accounting process – letting trustees spend less time on accounting compliance and more time with their family.”

BankLink_logo_small

To effectively meet the strict compliance requirements for our Self-Managed Super Fund (SMSF) clients, Prouse Family Accountants has recently implemented The BankLink Service. This will enable us to work more efficiently and accurately with our SMSF clients.

How does it work?

BankLink securely collects electronic copies of your statement information from your bank or financial institution and then delivers this directly to Prouse Family Accountants.

Using BankLink, we can process your transactions and, where additional information is required, request additional information from you.

BankLink benefits for SMSF trustees:

  • Saves time and hassle – you no longer have to send in paper statements .
  • Accurate transactional data for audit purposes
  • Less chance of documentation getting lost or misplaced – by receiving regular transaction information from BankLink, on a monthly basis, we will be able to communicate with you more regularly and collect the paperwork we require.

Is it secure?

The BankLink Service is a totally separate system from internet banking and it does not allow any transactional capabilities on your accounts. You will continue to receive paper bank statements and our practice will simply receive an additional copy.

Your statement information is totally secure, as The BankLink Service complies with the stringent international security requirements of all the major banks and financial institutions.

How to get started

Call the office on 9246 9055 or email: olive@prouse.com.au and we will email you an information pack and a registration form to complete and send to your bank authorising us to receive an electronic copy of your bank statement.

Typically, you will need to allow 2-3 weeks for the BankLink service to be enabled on your business bank accounts.

Filed Under: 2011, Auditing, Book Keeping, News, Self Managed Super, SMSF, Superannuation

Office Closed: 16 December to 9 January

December 14, 2011 By

 

We’re closing the office from Friday 16 December until Monday 9 January

 

christmas_beach_holiday

Prouse Family Accountants has already lodged more than 5000 income tax returns this financial year. Just like previous years, we are closing the office for a couple of weeks to relax, rewind and recharge with family and friends.

Whilst the office is closed we will not be accessing our email or returning phone calls. We will return at 9AM on Monday 9 January 2011.

If we are waiting on information from you to finalise your return then we aim to complete it in January.
Thank you for your referrals

We appreciate our clients and we look forward to working with you again in the coming year. The greatest compliment you can give us is when you refer your friends, family and small business colleagues.

Prouse Family Accountants would like to wish you a Merry Christmas and we hope you make a safe and successful start to 2012!
 

Merry Christmas

Rob Prouse
Prouse Family Accountants

PS: If you need some help getting organised then click here to download our tax return checklist (PDF).

Filed Under: 2011, Joondalup Office News, Marmion Office News, News

2011 Tax Return Services

June 20, 2011 By

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

We can prepare income tax returns for:

  • Salary and wage individuals
  • Rental property owners
  • Pensioners and self funded retirees
  • Fly in/Fly out workers
  • Small business owners
  • Sole traders, partnerships, companies and trusts
  • Self managed super funds

Call the office on 08 9246 9055 when you are ready to make your appointment.

What time can I make an appointment?

Our Marmion office is open – by appointment – weekdays from 8:30AM 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 9AM until 7PM.

To make an appointment call 08 9246 9055 or email marmion@prouse.com.au and we will telephone you to make an appointment.

What paperwork and information do I need to bring?

In a nutshell, we need to see details of your personal, investment and business income and any details of any expenses you have incurred to receive that income.

Don’t Panic! We have created an income tax return checklist to help you organise your paperwork and give you some guidance on what can and can’t be claimed on your 2011 income tax return.

Click here to download our 2011 tax return checklist [PDF]

Can you come to see me?

Yes. We are pleased to offer mobile tax return services in more than 200 Perth suburbs. Mobile appointments can be made 7 days a week between 9AM and 7PM.

[Read more...]

Filed Under: 2011, Joondalup Office News, Marmion Office News, Mobile Tax Returns, News, Tax Returns

Prouse Family Accountants joins the Stirling Business Association

July 28, 2010 By

sbaProuse Business Tax Accountants has recently joined the Stirling Business Association – a non profit association based in the City of Stirling that provides representation, support and networking opportunities to small business owners in the local area.

We are pleased to offer our small business services to SBA members. If your business is based in the City of Stirling and you are considering a new accountant then please contact us on (08) 9246 9055.

Filed Under: Business Matters, Marmion Office News, News, Small Business

Oops! Common Errors on Personal Tax Returns

July 7, 2010 By

These are the most common errors we find on personal tax returns previously lodged by clients using the Tax Pack or ATO e-Tax.

Incorrect, missing or understated:

  • Bank interest income
  • Share dividends and franking credits
  • Capital gains and losses
  • Personal or Business income
  • Home Office and Work Related Expenses
  • Depreciation on Rental Property fixtures and fittings
  • Borrowing costs and other expenses associated with rental properties
  • Education tax refund expenses

We recommend you use our tax return checklist to make sure that your tax return is complete before it is lodged. Click here to download our 2010 Income Tax Return Checklist (PDF).

Filed Under: Personal Finance, Tax Returns, Tax Tips

Rob Prouse – Registered Tax Agent

June 30, 2010 By

Rob Rob is the founder and managing director of Prouse Family Accountants and holds a Bachelor’s Degree from the WA Institute of Technology (now Curtin University). He is a Registered Tax Agent and Fellow of the Tax Institute of Australia (TIA) and the National Tax & Accountants Association (NTAA). Rob has been in private practice for more than 20 years. Given his extensive experience, Rob can assist any client with their taxation and accounting matters.

An avid sportsman, Rob has also operated a variety of successful small businesses in Perth including an indoor sports centre and a tennis pro-shop. Rob’s specialist skills include company administration, superfund and company auditing, financial management, advanced taxation planning, property investment and development and general taxation advice.

Rob is based in Marmion and is MYOB software proficient. As an NTAA Fellow he is an approved auditor for self managed superannuation funds.

Contact Information

Tel: 08 9246 9055
Fax: 08 9243 0996
rob@prouse.com.au

Prouse Family Accountants MARMION
10/19 Sheppard Way
PO BOX 2210
MARMION WA 6020

Filed Under: Staff Profiles

2010 Rental Property Tax Return

June 29, 2010 By

I have an investment property. How can I get myself organised?

Property Tax Accountant | Business Tax Accountants 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:

  • 009 Rental Property Tax Returns. Prouse Family Accountants. Call 9246 9055 to make an appointment.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 Property Tax 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 in Perth 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) 9246 9055

Filed Under: Investing, Rental Property, Tax Returns

Download 2011 Tax Return Checklist

June 24, 2010 By

Checklist_ProuseMaximise your tax refund and minimise your accounting fees with the help of one of our free tax return checklists.

Individual Tax Returns

It pays to be well organised. Our tax return checklists are designed to help you prepare your receipts, payment summaries and paperwork so that we can prepare your tax return as quickly and as affordably as possible.

DOWNLOAD OUR PERSONAL TAX CHECKLIST

Small Business Tax Returns

If you own and operate a small business – either as a sole trader, partnership, company or trust – then ideally, you will be able to prepare a set of reconciled accounts in MYOB, Quickbooks or Cashflow Manager before making an appointment.

DOWNLOAD OUR SMALL BUSINESS TAX CHECKLIST

We have created this checklist to help clients get their paperwork organised and to give you some guidance on what you need to provide your tax account and what can and can’t be claimed on your 2010 tax return.

If you have any questions or need additional information then please don’t hesitate to contact the office via telephone on 08 9246 9055.

Filed Under: Downloads, Small Business, Tax Returns, Tax Tips

It’s June. The month to watch for dodgy tax schemes

June 10, 2010 By

lemon The ATO has launched a new awareness campaign to help taxpayers protect themselves against promoters marketing dodgy tax and investment schemes.

From the ATO press release:

Don’t let yourself get a lemon

Are you considering a tax-effective investment?

It’s important you have all the facts to make an informed decision.

Some investments offer tax benefits such as reducing assessable income or increasing deductions, but end up being outside the law. You can check with the ATO to ensure promised tax benefits will be available.

Find out as much as you can about an arrangement before investing. Make sure the arrangement has a prospectus or product disclosure statement and get independent advice about the promised tax benefits from a professional advisor. A person associated with the scheme is not independent.

Start by visiting www.ato.gov.au/investing and read the Investigate before investing fact sheet. It provides information about tax effective investing and how to detect potential tax avoidance schemes.

You can also check if the arrangement you’re considering is covered by an ATO product ruling confirming the tax benefits, or if a Taxpayer alert has been issued warning about the arrangement.

Doing your research will help you avoid negative consequences including having to repay tax and incurring interest and penalties.

For more information

Please contact us via telephone or email if you have any questions.

Filed Under: News, Tax Office Alerts

Carel van der Merwe – Prouse Joondalup Accountants

June 7, 2010 By

Carel van der Merwe. Prouse Family Accountants. JoondalupCarel is the managing partner at the Joondalup office and holds an honours degree in Accounting from Stellenbosch University , is a Fellow of the the National Tax & Accountants Association (NTAA), an approved auditor of self managed superannuation funds and a member of the South African Institute of Chartered Accountants, in alliance with the Institute of Chartered Accountants Australia.

Carel has 20 years of business experience as owner of his own businesses and has been a financial director of listed manufacturing companies with operations in South Africa, Europe, the United Kingdom, USA and Asia.

Carel can offer his clients a variety of specialist skills including assistance with tax planning, establishing business and structures, financial and general business management, business valuations, business finance and immigration tax matters.

Carel van der Merwe is proficient with MYOB, Quicken and Cashflow Manager accounting software and is available for mobile tax returns.

Contact Information

Tel: 08 9400 8400
Fax: 08 9301 5511
carel@prouse.com.au

Prouse Family Accountants JOONDALUP
5/140 Grand Bvd
JOONDALUP WA 6027

Filed Under: Staff Profiles
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