What can our tax accountants do for you?
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.
Do you need a small business accountant?
Are you ready to take your business to the next level? Here are just some of the benefits from working with Taxpro to help support your business venture's growth. Legal structure support We work with entrepreneurs, tradies, and freelancers to help guide them on the best way to structure a business for performance and compliance from the outset. We can help support your business plan with forecasting and financial projections which would help you choose the right setup can actually save you tax in the long run. It is an exciting time, but it also can be challenging in that each business is different and there’s no one size fits all approach. There are four main business structures commonly used by small businesses in Australia. We’ll guide you through the options based specifically on your business, to find out what works best for you. Expert tax advice If you have already started your business but are ready to take it to the next level, then we can help you make the right tax decisions so when you do scale up, you are paying the [...]
Errors in property investors tax returns have sparked ATO crackdown
The ATO has sent a warning to property investors after it found rental income and deduction errors in more than 70 per cent of tax returns audited last year. It has found that investors have been failing to declare all rental income or any capital gains from selling an investment property as well as incorrectly claiming deductions on their rental properties. The ATO now has better oversight through third-party data sources such as sharing economy platforms, rental bond authorities and property managers. Some of the more common mistakes are: Incorrect interest claims for the entire investment loan where it has been refinanced for private purposes Incorrect classification of capital works as repairs and maintenance Apportioning deductions for holiday homes when they are not genuinely available for rent. Partners splitting income and deductions Incorrectly claiming capital works, such as immediately claiming the full amount for a kitchen renovation, instead of spreading it over a number of years Claiming deductions on redrawn mortgage loans used for personal expenses In particular, platforms such as AirBnb and Stayz are being closely looked as they have now become very [...]
Get a tax refund? Here’s some smart ways to spend it!
It can often feel like a bonus when you get a tax refund. The average tax refund is almost $3000, and up to 80% of taxpayers can expect money back, so although it can feel like a headache to do your tax return, there could well be some extra cash coming your way to commend you for your efforts! We recommend that you talk to one of our expert tax accountants to help assist you with your tax returns. They know all the up-to-date information about what deductions you can claim (things can change year to year) so make sure you don’t miss out. Pay off high interest debt This should be your priority as high interest loans and credit cards can easily get out of hand. List all the debt you have and start with the one that has the highest rate of interest. Especially anything over 5%. By using the extra cash from your tax return to wipe bad debt, you can save you so much more in the long term and can stop it spiralling out of control. Have a mortgage? [...]
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