Prouse Family Accountants joins the Stirling Business Association

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.

Download 2011 Tax Return Checklist

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.

44 days left to take advantage of the Investment Allowance

The Federal Government’s Investment Allowance provides the perfect opportunity for eligible small businesses to purchase BRAND NEW motor vehicles, machinery or office equipment.

The Federal Government’s Investment Allowance or small business tax break provides a "one-off" bonus tax deduction; over and above the standard depreciation allowance.

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Business Matters: June Issue Available

The latest edition of our quarterly general business newsletter, Business Matters, is now available for download from this website.

business_matters_mini_june2009 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.

Download Business Matters (PDF)

Tax Office Alert: ATO data matching gets better and better

The ATO has announced that it will be undertaking a number of data matching programs to identify taxpayers who may not be meeting their taxation obligations.

The ATO will request and collect:

  • details of approximately 2.5 million individuals or entities that have purchased or acquired a motor vehicle valued at $10,000 or higher, from the Roads and/or Traffic Authorities of each State and Territory;
  • information on amounts paid to personal services entities by labour hire firms, placement agencies and computer consultancies; and
  • information on amounts paid by mining companies to contractors and sub contractors.

If you have a few questions about data matching or any other taxation matter then please contact us on 9246 9055 and make an appointment.

New Small Business and General Business Tax Break

Recently, the Federal Government announced that it would introduce a temporary ‘investment allowance’, providing an additional 10% deduction for tangible depreciating assets acquired between 13 December 2008 and 30 June 2009.

The Government has now ‘upped the ante’, increasing both the amount and the scope of this allowance.

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GST Audit: Are You Prepared?

taxoffice_audit

In troubling times, the last thing your business needs is a GST audit and a visit from the Tax Office.

Are your records up to date? Are there any gaps, holes or incorrect entries? Are you certain everything has been recorded correctly?

Arthur McInnes worked at the Australian Tax Office for 19 years. He spent 8 years there as a GST auditor.  Arthur knows and understands the system — and now that he’s joined Prouse Family Accountants, he’s available to help you!

GST CHECKUP FOR JUST $374

For just $374 Arthur will come to you and spend some time at your business premises reviewing your paper and electronic records and reports.

He will look for errors, gaps and incorrect information; explain how the ATO may view your business records; and provide suggestions for how you can improve your records and reduce your audit risk.

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