Archive for the 'News' Category
We have been very busy this July. We have already lodged more than 900 individual income tax returns. This week the ATO has started to release client tax refunds and issue assessment notices.
Tax refunds are now being deposited into client bank accounts – or our trust account (if your fees are being deducted) – and we are now receiving lots of assessment notices via Australia Post.
ATO takes approx 3 weeks to process 2010 tax refunds
This week, we have received more than 250 assessment notices. Our administration team – Olive, Rachel, Lynley and Sally – are processing tax assessment notices as quickly as possible. Client tax refunds are being transferred every day. We would like to thank all of our clients for their patience.
Do you want a fast tax refund service?
Simply organise your tax records, get us to complete your electronic tax return for lodgement, pay our accounting fees up front and have the ATO deposit your tax refund directly into your bank account. Download our tax return checklist to help organise your records.
Call 9246 9055 to make your appointment
Evening and Saturday morning appointments are very popular again this year and we encourage you to book your tax return appointment 10-14 days in advance.
The Marmion and Joondalup offices are open – by appointment – Monday to Saturday between 9AM and 7PM. If that is not convenient, we continue to provide mobile tax return services.
Our mobile tax accountants travel as far north as Yanchep and as far south as Mandurah. Mobile tax return appointments are available seven days a week and can be booked outside business hours – at no extra cost.
Prouse Family 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.
One of our team, Arthur McInnes, is happy to provide SBA members with a free 30 minute consultation to discuss your future accounting and taxation requirements.
Please call the office on 9246 9055 for more information.
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.
Perth is a big place! Prouse Family Accountants has two offices: one in Marmion and one in Joondalup. Each office has its own website.
Existing Marmion Clients
If you normally see Rob, Michael, Julie, Jacci, Howard or Arthur – then this is your office website, please remain on this page.
Existing Joondalup Clients
If you live in the Northern Suburbs and see Carel, Matthew or Tracey – please click here and visit our Joondalup office website.
More than 300 000 taxpayers who have already lodged their 2008/9 tax return are still waiting for the ATO to issue their notice of assessment and pay their tax refunds.
This situation is affecting many of our clients who have lodged after 1 January 2010.
Since the the Tax Office installed a new multimillion-dollar computer system to process claims in January, there is a growing list of delays, glitches, errors and problems.
Recent media coverage about the problem:
- Article: Tax Office admits delays with income tax refunds
- Article: Refunds delayed by new system and Child Support Agency
- Article: ATO sorry your tax refund is overdue
What can we do if you are affected?
If you have lodged your tax return after early January 2010 and have not received your notice of assessment then you may be affected. The ATO will pay interest on all tax refunds that are more than 30 days late if their system is responsible for the delay.
We continue to contact the ATO on behalf of our clients on a regular basis – and through our professional body, the NTAA – provide feedback to the ATO.
These glitches are creating hardships and cashflow problems for some of our clients. Unfortunately, there is very little we can do except process refunds and send out assessment notices as soon as we have received them.
If clients wish to contact the ATO directly, they may do so on 13 28 61 or visit this ATO website for more information.
For more information, please contact us on 08 9246 9055 or send an email to: marmion@prouse.com.au
The Tax Office has recently upgraded their computer system and there are significant delays processing income tax returns.
If you lodged your return after 4 January 2010 then we have not received your assessment notice – or tax refund – yet!
The ATO have started processing income tax returns again and they hope to have cleared backlog of tax assessment notices – and tax refunds – before the end of the month.
For more information – click here to read the ATO Press Release – or contact us via telephone: 08 9246 9055.
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.
The Festive Season of 2009 is upon us! Time certainly flies.
We will be closing our office on Friday 18 December 2009 and returning to work on Wednesday 6 January 2010.
We will continue to check our email throughout the holiday period – although we might take a day or two longer to reply to some emails.
We would like to wish every a Merry Christmas and a safe and Happy New Year.
Peace be with you and your families.
It’s been a year since we expanded and we’re pleased with the feedback from our clients. They find us efficient, flexible and extremely convenient with offices located in Marmion and Joondalup and a mobile service.
Do you need a fast tax refund?
Simply organise your tax records, get us to complete your electronic tax return for lodgement, pay our accounting fees up front and have the ATO deposit your tax refund directly into your bank account. Download our tax return checklist to help organise your records.
We would like your email address
We want to provide you with an electronic copy of your completed tax return; share the latest taxation news and information; and make you aware of other opportunities and services that may interest you. It also helps us to save time, maintain our low fees, reduce paper usage and protect the environment.
We can assist with a lot more than tax returns.
If you are considering investing in property; buying your first home; starting or buying a business; financing a vehicle; business or equipment; need insurance or want to invest in superannuation then please contact us. This office and its partners can help you.
To make an appointment please call us on 9246 9055.
For more information send an email to marmion@prouse.com.au
Bye for now!
Rob Prouse
Director & Tax Agent
The latest edition of our quarterly general business newsletter, Business Matters, is now available for download from this website.
In this issue:
- Develop an ethics policy for your business
- Contingency planning
- 50% Investment Allowance
- Division 7A Loans
- Turning failure into success
- Reviewing your PAYG instalments
- The ATO’s latest hit list;
- Timetable of Tax Office deadlines.
