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Expert Tax Accountants in Perth
Our team of tax accountants make the accounting process simple, so you can focus your time on doing what you do, better. Whether you need to lodge a tax return, start a business, or require on-going support with your accounts, we crunch the numbers and don’t let opportunities pass you by.
What our clients say
Taxpro always takes the time to explain everything to us so we fully understand how we are going financially and with this information we have been able to grow our business to what it is today.
What I really appreciated most, is I can simply text, email or phone any time if I need advice or support and the job was never too small or too complicated for Joseph and the staff at Taxpro.
Latest news
Stay up to date with all our latest news, guidance and regulatory information from our tax accountants here. We like to focus on the practical implications of changes to tax, insurance and financial planning legislation as well as offering insights on topical issues relevant to our clients.
Claiming motor vehicle expenses – what’s the latest?
We are regularly asked by individuals, sole traders and small businesses how much they can claim for their work vehicle(s), what expenses can be claimed, and how to provide evidence. This includes home-based businesses, which increased in 2020 due to the pandemic. If you use your own car for work purposes, this may be a car you own, lease or hire car under a hire-purchase agreement, you can claim a deduction using either the cents per kilometre method or logbook method. Cents per kilometre You can claim up to 5,000 business kilometres per car per year and from 1 July 2020, the rate increased to 72 cents per kilometre regardless of the size of your engine. Written evidence is not required to be kept, however the ATO has started to ask more questions to deduce if 5,000 kilometres are actually being travelled each year. So, you do need to be able to show that you were required to use your car for work, and how you calculated your claim. In terms of depreciation deductions, if you are using the cents per kilometre basis, you can't claim a deduction [...]
Remember to register – JobMaker credits begin to pay out in February
JobMaker: Employers could receive over $10k over 12 months per new employee Under the new JobMaker Hiring Credit scheme, businesses who hire/have hired eligible young people from 7 October 2020 – 6 October 2021 that are aged between 16-29 years, will receive $200 a week per employee, or $100 per week if the new employee is aged 30-35 years. The requirements are that it must be a new job, and the employee must work 20 hours per week. Eligibility of the young person requires them to have been receiving JobSeeker, Youth Allowance or the Parenting Payment for at least one of the three months before they were hired. Eligibility of the business requires them to be registered for PAYG Withholding and report to the ATO through Single Touch Payroll, not be receiving JobKeeper payments, hold an ABN and be up to date with tax and BAS lodgements. For the first JobMaker period (7th October 2020 – 6th January 2021), you will be able to claim the credits from 1stFebruary 2021 until 30 April 2021. Credits are paid in arrears and claims are made each [...]
Mortgage and Finance case study
How a couple with a poor credit score almost halved their mortgage interest rate! A couple looking for their first home loan approached our Taxpro Mortgage and Finance broker in February 2020. At the time, one had credit card defaults from four years prior where they hadn’t been too diligent with repayments. This had resulted in a poor credit score. The other person actually had no credit history because they had never had a credit card or loan before such as a personal loan or a car loan. This person would have been looked at unfavourably by lenders because they wouldn’t be able to tell if they were responsible with credit. It can be difficult for lenders to consider a home loan application if there is a poor credit history, however, our Taxpro mortgage broker did a great job in finding two options. The better of the two options for the couple was a variable loan with a 4.74% interest rate with around $2,500 upfront risk fees. The mortgage application was accepted and to help save money in the long term, the couple decided [...]
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