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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.
Are you ready for the switch? – Single Touch Payroll
Single Touch Payroll is a reporting system that companies with 19 or less staff will need to comply with by 1 July 2019. It works by sending remuneration information such as wages, deductions and super from your payroll or accounting software direct to the ATO as you run your payroll. This means businesses using a paper-based reporting system will need to make the digital switch very soon. There have been some concerns from the small business community about the potential cost of electronic reporting, however the Government has reassured companies within the ‘micro-employers’ category that they ‘will not be forced’ to purchase payroll software. Businesses with 4 or less staff will still need to comply but alternative solutions including low cost payroll software, phone apps and online portals are available (and being developed). The roll out of Single Touch Payroll to all employers (businesses over 20+ staff needed to comply by July 2018) ensures that all Australians get their full superannuation entitlements and it gives greater transparency. Previously, employee reporting was completed at the end of the financial year, but now employees will be [...]
Budget 2019-20 focus on SME’s – Instant asset write off
Instant asset write off for SME’s increased, expanded and extended The 2019-20 federal budget announcement on 2 April 2019 has backed small and medium-sized businesses through tax relief and by increasing and expanding access to the instant asset write off. In a move to provide small and medium sized businesses with greater incentives to invest and grow, the instant asset write-off threshold has been increased to $30,000, the eligibility has expanded to companies with a turnover of less than $50 million giving medium sized businesses access to the scheme, and the cut-off date has extended to 30 June 2020. This means that if you buy an assetand it costs less than $30,000 before this date, you can write off the business portion in your tax return for the relevant income year. The threshold applies on a per asset basis, so eligible businesses can instantly write off multiple assets. Prior to the announcement last week, the scheme was only available to businesses that generated less than $10 million a year, the claim was also set at $20,000 and the deadline was in June this year. Described by the Government [...]
Time’s running out for a free mortgage brokering service
If you are thinking about taking out a home loan or refinancing an existing loan using a mortgage broker, this may be the last year you will be able to do so without having to pay upfront fees under the proposed changes. In a radical shake-up to the mortgage broking industry, the Royal Commission’s final report published on the 4 February 2019, has called for the ‘commissions’ paid by banks to brokers for selling their product to be axed, giving more power to the big four banks. Banking in Australia is dominated by four major banks: Commonwealth Bank of Australia, Westpac Banking Corporation, Australia and New Zealand Banking Group, and National Australia Bank. To explain how it works at the moment, our mortgage broker Reece, sources a home loan or refinances an existing loan for you. This is a personal service where he will search the whole market to source the right products for you and then negotiate with the lenders on your behalf to facilitate them competing for your business. As part of this process we use the big four banks as well as other [...]
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