Are you a new client or have you seen us before? Would you like to save some time preparing your next tax return?

We are trialling an online individual income tax return questionnaire. This online service is most appropriate for individual salary and wage tax returns.

Simply enter your details using the form below and we will contact you shortly to finish your income tax return.

Comments or questions are welcome.

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Our business has grown substantially in the last 12 months. Our Joondalup office lodged an additional 700 income tax returns in 2010 (when compared to 2009) and we are looking forward to helping all of our clients – existing and new – with their 2011 income tax return.

Call the office on 08 9400 8400 when you are ready to make your appointment.

What time can I make an appointment?

Our Joondalup office is open Monday to Thursday from 9AM 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 3PM until 7PM.

To make an appointment call 08 9400 8400.

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]

How long does it take to prepare a tax return?

• For a single salary and wage tax return we allow thirty minutes for each appointment;
• For couples, or individuals with rental properties, investments or small businesses we allow at least one hour for each appointment.

How long does it take the ATO to process my tax refund?

Typically, the ATO takes 10-14 days to issue a notice of assessment and income tax refund.

How much does it cost?

A typical tax return costs between $140-$170 depending on complexity. Of course, if you have foreign income, businesses or investment properties then your accounting fees will be higher.

We prefer payments by EFTPOS or credit card but also accept payments by cash, cheque or internet transfer.

Call 9400 8400 to make an appointment

If you have any questions then please contact us via telephone or email joondalup@prouse.com.au

“The BankLink Service provides small business clients of Prouse Family Accountants with solutions to simplify the accounting process – letting small business owners spend less time on accounting and more time on their business (or with their family).”

For a small monthly fee,  BankLink automates and streamlines your accounting by virtually eliminating manual data entry and the collection of receipts and bank statements.

You don’t have to spend hours doing your books with software (like MYOB or Quickbooks) that is often complex and expensive to use.

And, BankLink makes it easy for Prouse Family Accountants to send your business regular financial information so you can make well informed business decisions.

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.

Using your data, we can prepare income tax returns, financial reports, budgets and GST business activity statements quickly and without thousands of dollars in book keeping fees.

• Click here to see a video demonstration

Benefits for your business

• Simplifies and automates your accounting process
• Saves you time and money – virtually eliminates manual data entry and reduces time spent on bookwork
• Accurate and secure data supplied to your accountant daily, weekly or monthly
• Timely financial reports to help with business decision making (cash flow, P&L etc)
• Reduces stress – you don’t need to understand accounting, you’ll have fewer queries from your accountant, and you won’t need to supply receipts, bank statements or files from other accounting software

Is it safe and secure?

Absolutely. BankLink is completely secure and has achieved PCI DSS (Payment Card Industry Data Security Standard) compliancy — a security standard set by the major credit card companies. You do not disclose your bank passwords at any time and the service does not have any internet banking capabilities.

Electronic copies of your transactions are sent to Prouse Family Accountants under strict international security measures, in accordance with the requirements of all the major banks. Your transaction data is supplied in encrypted form and cannot be accessed by anyone other than us.

Is it expensive?

No. Packages start from $99 per month (including BAS lodgment) and our BankLink clients consistently spend a lot less money on accounting fees than small business clients with MYOB or Quickbooks.

Less stress + Better financial reports + More time for you + No bookkeeping fees

Banklink removes the need for internal bookkeepers and accounting packages to deal with the GST and Business Activity Statement. It removes the need for computer hardware, accounting software, and monthly bookkeeping or time cost of maintaining a stand alone accounting system eg MYOB, Quickbooks etc .

How to get started

Call the office on 9400 8400 and make an appointment with Carel, Matthew or Tracey or email joondalup@prouse.com.au.  

We will then provide you with a written quote for BankLink and give you 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.

We build successful business relationships with our clients who value our knowledge, experience and network of professionals. We speak to our clients in plain English (or Afrikaans) and answer questions with minimal jargon and maximum detail.

We help families and businesses.

We return phone calls quickly and answer emails – and we charge reasonable fees that represent value for money for our clients. We also offer an afterhours mobile tax return service to our clients.

We are personal tax accountants and business accountants and advisers

Our client base is diverse – with families from various circumstances, backgrounds, cultures, countries and occupations. We also have considerable experience assisting and introducing new migrants to the Australian income tax and GST system.

We provide more than income tax return services

Prouse Family Accountants in Joondalup provides clients with a complete range of professional accounting and financial services including:

• Preparation of financial statements
• Bookkeeping & GST
• Buy, sell or start a business
• Budgets and cashflow analysis
• Profit and cost analysis
• Form partnership, trust or company
• Assistance with finance, mortgages and business insurance   
• Choosing the right software (business or property investment)
• Questions about capital gains tax (property, business, shares)
• Buying your own home
• Buying a rental property
• Investment property tax advice
• PAYG income tax variations
• Financial Planning
• Self managed superannuation funds

If you would like to make an appointment, then please call our office on 08 9400 8400 to make your appointment.

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

The Australian Tax Office recently announced that they will be keeping close tabs on the performance of small businesses and subcontractors. The ATO has released more than 70 industry benchmarks for a wide range of business activities.

The benchmarks look at small business performance (sales, turnover and profit) and the value of costs and inputs (materials, wages, tools etc) and produce a series of guidelines and formulas that help small business owners – and the tax office – measure their actual performance against the benchmarks.

The purpose of benchmarks

• compare a business with others in the industry to assess performance
• check that tax obligations are being met, in particular the recording of all cash transactions
• work out if a business needs to adjust its record-keeping practices, and
• assess whether the Tax Office is likely to select a business for an audit or review.
• identify businesses that may be avoiding their tax obligations.

Two types of benchmarks for the small business sector have been developed by the ATO.

• performance benchmarks: based on information small businesses report to the Tax Office on income tax returns and business activity statements (BASs); and
• input benchmarks: based on information industry participants and trade associations provide to the Tax Office.

Who has been benchmarked?

More than 70 industries have been benchmarked including:

• Baking
• Bricklaying
• Cleaning
• Concreting
• Hair Dressing
• Painting
• Roof guttering
• Roof painting and repair
• Timber floor installation

Visit the ATO website for the complete list of benchmarked industries

What does it all mean?

To start with, your business performance will be compared to the average performance of your industry category, based on the information supplied in your tax returns and activity statements.

If your trading results do not conform to your industry’s norms, the data-matching system at the ATO will flag your business for tax auditing or investigation.

Don’t panic! We can help you.

We can compare your business with the industry benchmarks monthly, quarterly or annually. Contact us if you would like some more information.

The MYOB business survey found that getting affordable and reliable business advice was a difficulty for more than one in four Australian small businesses.

Newly established and businesses with fewer than 20 employees had the most difficulty.

We provide affordable taxation and business advice

Our office can advise small business clients in the following capacities:

• Establishing new business structures and registrations
• Budgets, cashflow projections and profit analysis
• Taxation planning
• Records and book keeping
• Cost benefit analysis of equipment, staff and services
• Investment and financing analysis
• Determining insurance and financing requirements
• Determing the right software package

Our partners can also assist with:

• Superannuation
• Risk and General Insurance
• Home Loans, Investment, Vehicle and Equipment Finance
• Wills, Probate and Estate Planning
• Contracts, Leases and Business Settlements
• Property Settlement Services
• Property Management Services
• Computer support and software training

Tax deductible business advice from $110

To make an appointment please call 9400 8400 or use the contact form below.

Cashflow Manager is a simple book keeping application for small and home based business owners.

Simply record your receipts & payments transactions in columns. Users don’t need to know anything about accounting and everything is right there on the screen for you to review. Each column has a ‘GST’ type that automatically calculates the GST & makes your BAS Statement a breeze.

It’s inexpensive and doesn’t require hours upon hours of intensive and expensive on-site training. The program is so simple that it comes with a full, no questions asked 90 day money back guarantee so there is no risk in giving it a try.

Key Features

System Requirements

Microsoft Windows 2000/XP or Vista
512M of RAM
150M of disk space
CD or DVD Drive

Pricing and Availability

Cashflow Manager is not available in stores and is only available directly from selected accounting firms and business organisations.

The recommended retail price is $249 but we are pleased to offer our clients a copy of the latest version of Cashflow Manager for $209.

It comes with a 90 day money back guarantee.

To order Cashflow Manager for $209 please call the Joondalup Office on 9400 8400

Other versions of this software with payroll and rental property management modules are also available.

Explore our website to find out more about our people, in-office and mobile tax return services and strategic partners. You can contact us to arrange an initial appointment if you would like to become a client.

Find out how we help business clients establish and develop their businesses. Bookkeeping, GST, finance and business advisory services are available.

We can also assist with financial planning and finance, tax effective investment in rental property and self managed superannuation funds (SMSFs).

If you would like additional information about us or any of our services please contact us online or telephone the office on 9400 8400.

Click here to visit our Marmion Office website

• Superannuation Strategies
• Retirement Planning
• Risk Management/Insurance
• Debt Consolidation
• Investment Planning
• Estate Planning
• Mortgage Reduction Strategies / Debt Management
• UK Pension Transfers and South African Annuities
• Self Managed Superannuation Funds
• Business Insurance i.e. Buy/Sell or Key Person Cover
• Funding Private School Education

About Prestige Wealth Partners

A financial planning practice based in the northern suburbs and established to provide a strong client focus delivered through high levels of personal services, Rebecca Newton and Prestige Wealth Partners provide a unique, consistent and cost effective financial planning service.

Prestige Wealth Partners is a strategic alliance partner of Prouse Family Accountants and is strongly recommended to all of our clients: personal, business and SMSF.

The initial appointment is complimentary and you are under no obligation to proceed.

About Rebecca Newton

Rebecca Newton is the founder and principal of Prestige Wealth Partners and holds the Certified Financial Planning Degree from the Financial Planning Association. Rebecca has worked in Financial Services since 1995 in various roles.

Rebecca’s primary aim is to develop lifetime plans for clients by clearly understanding their personal situations and financial goals. She has accumulated considerable technical knowledge in the areas of wealth, insurance and superannuation planning on a personal and business level. This knowledge is applied in conjunction with fundamental financial planning principals to all client portfolios.

Rebecca was nominated for the 2008 and 2009 Association of Financial Advisers Rising Star Award and currently sits as the Secretary on the WA Committee of the Financial Planning Association.

Contact Rebecca

Tel: 0422 423 130
Fax: (08) 9206 2965
rnewton@prestigewealthpartners.com.au

PO Box 1289
INNALOO WA 6918

The advisers of Prestige Wealth Partners can provide financial services as
Authorised Representatives of Professional Investment Services Pty Ltd, ABN 11 074 608 558, an Australian Financial Service Licence holder (No 234951)