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.
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.
Would you like a fast and accurate income tax return with the maximum possible deductions and minimum fuss?
Prouse Family Accountants has two offices in the Perth Metro Area – one in Marmion, another in Joondalup. Both offices are open, by appointment, Monday to Saturday from 9AM until 7:30PM.
If that’s not convenient – don’t forget – we can come to you. Our mobile tax services are available in 225 Perth suburbs.
How much does it cost?
For personal tax return services, our fees start from $120 including GST. 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.
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.
The Federal Court has held that a student taxpayer who received Youth Allowance was entitled to a deduction for the expenses she incurred in pursuing a teaching degree, as she incurred them in the gaining or producing of her assessable income (being the Youth Allowance).
Court rules you can claim tax deductions against Youth Allowance
The Court basically held that, in order for the taxpayer to receive the Youth Allowance, she had to satisfy the requirements set out in the Social Security Act 1991 (i.e., generally to undertake full-time study throughout the relevant period), which required her to spend money (on such things as student administration fees and text books), so those outgoings were incurred in gaining or producing her assessable income.
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.
You are invited to this must attend information seminar designed for anyone thinking of buying their first home. Hear the answer to important finance questions, such as:
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.
The latest edition of our quarterly general business newsletter, Business Matters, is now available for download from this website.
In this issue:
- New Year’s resolutions for 2009
- IR Law Changes: Fair Work Bill
- Building A Brand
- Dangers of liquidation to avoid tax
- The ATO’s latest hit list;
- Timetable of Tax Office deadlines.
