PFS Tax Accountants in Payneham | Accountant

PFS Tax Accountants

Locality: Payneham

Phone: +61 8 8362 3377

Address: 69 Portrush Rd 5070 Payneham, SA, Australia

Website: http://www.pfsfp.com.au

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• Tax preparation service
• Accountant
• Financial service
• Business consultant

24.01.2022 More Tax Planning Tips for Non Time Travellers In my previous article, I mentioned that unless you could travel back in time there was no point in talking to your accountant/adviser in July or August about paying less tax because once the financial year is done youre your only hope is time travel. However if you act now, you can leave the Tardis parked in the shed. The first tip is to take out income protection insurance! The cost is tax deductible and it guarantees your ...financial security and independence when you need it most, i.e., when you are sick/injured and unable to fend for yourself. Other tax planning tips; prepay interest on an investment loan and/or prepay rent on commercial premises. If your spouse earns $37K or less, contribute $3K to his or her super and receive a $540 tax rebate. Tax rebates are good because they reduce your tax payable not your taxable income. Investment loans on properties are usually big bucks, several hundred thousands of dollars. However, an investment loan to purchase a portfolio of managed funds can be circa $100-200K. Managed funds are liquid, low cost, low maintenance and wealth accumulative. Want to know more about how financial advice can improve your life? Call Des Tsagatos 8362 2626 or email [email protected]

22.01.2022 Income protection insurance guarantees financial security as it may pay up to 75% of your income if you are unable to work. The cost is 100% tax deductible. If cash flow is an issue call our financial adviser Des Tsagatos on 8362 2626 to find out how your superannuation can help pay for your income protection insurance

20.01.2022 Improving Lives

17.01.2022 Theres no bad time to seek financial advice, but there are five situations where its more important than ever. If you think financial advice is just about helping you save more for your retirement, think again. No matter where you are in life, getting good financial advice can help put you in the best possible place to achieve your life dreams, and protect you if things dont go to plan. Heres the 5th way your adviser can help you through some of lifes big events. 5. Ta...king time out There may be times in your life when commitments like parenting, taking care of elderly parents, studying or travelling will take priority over full time work. If youre planning on taking a break from work, your adviser can help you understand your financial options for funding this time off. Remember that while youre not working you wont receive any employer contributions to your super. So its important to talk to your adviser to help make sure your retirement savings dont fall behind. Call Des on 8362 2626 for more information.

15.01.2022 There are only 15 business days to the end of the financial year; 15 days is all you have to do your last minute tax planning. This is the equivalent of the last 100 metres of the Melbourne Cup when the whips are cracking and the horses are thundering to the finish line. Your last minute check list includes: pre pay interest on investment loans, and the last chance to get a tax deductible $35k into super assuming you are at age 50 or more. If you are below 50 you can make a... tax deductible $25k contribution to super. The big opportunity for small business is the $20k instant write off on business items including cars. Yes, if buy a car for your business and its under $20K, you can write the whole amount off. Are you unsure of what to do? Call Des Tsagatos, PFS Tax Accountants 8362 2626 See more

14.01.2022 Did you know, you can reduce your tax by making contributions to superannuation and claiming a tax deduction? Previously you had to be self employed to claim a tax deduction on money contributed to super by yourself, however recent changes now allow employed people to contribute to super and claim a tax deduction. Facebook rules wont allow us to give dollar or age numbers; to find out how much you can put into super and claim a tax deduction please call Des Tsagatos on 8362 2626

14.01.2022 Welcome to the New Financial Year! It is now time to book to have your annual tax return done. Give us a call on 8362 3377 to organise your appointment. We speak English, Chinese and Turkish.

13.01.2022 This is going to be a big year for investors. How so? A big change for the better to superannuation came into effect on 1 July 2017. Every investor who is under 65 will be able to have up to $25k contributed into their super and claim all or part of the $25K as a tax deduction! This is really big news especially if you are an employee. Previously employees were not able to make deductible contributions, however now you as an employee can put money into super and cla...im a tax deduction. Heres how it works. If your employer contributes $8k into super on your behalf, you can contribute up to $17K and claim a tax deduction on the $17K you contribute. Investors who wish to reduce the tax payable on their capital gains can use super to make tax deductible contributions up to the $25K limit (includes employer contributions). If you are self employed or under 65 and not working, you will be able to contribute up to $25K and claim a tax deduction.

13.01.2022 Tax Planning for Non-Time Travellers Are you able to travel back in time? If the answer is no, then the time for you to tax plan is now. There is no point in going to see your accountant or adviser in July or August to ask about how to reduce your tax bill because unless you have a time machine there is nothing that can be done! However if you seek advice now, you can take action to reduce your tax bill without having to hitch a ride back in time...actions such as making a... personal deductible contribution to your superannuation account. If you are self employed you can put in up to $25K and claim a tax deduction. If you are an employee you can contribute the difference between what your employer has contributed on your behalf and $25K. For example, if your employer has contributed $10K you can contribute another $15K and claim a tax deduction of $15K. Check your super online and see how much has been contributed for the financial year and that will give you an idea on how much you can contribute. Want to know more on how your super can work for you? Call Des on 8362 2626 or email [email protected]

12.01.2022 Renting a home or a unit can be an expensive and lonely option, this idea gives women who are retired or close to retirement another choice to consider

10.01.2022 Changes to Residential Property Depreciation Rules Recent changes to the depreciation of plant and equipment in residential real estate properties which came in to effect on the 9th of May, 2017, mean that investors who purchase a property after May the 9th will no longer be able to claim depreciation on items such as hot water systems and dishwashers. Instead, the cost of the items will be added to the cost base of the property for capital gains tax purposes. However, the depreciation arrangements of existing investment properties will be grandfathered, i.e. not subject to the new rules. Please contact Halimah Valiyff on 8362 3377 to find out how you will be affected by these changes.

10.01.2022 Did you know that fitting solar panels on your business premises will qualify for the $20K depreciation write off? If you fit solar panels on your premises before the end of the financial year and the cost is less than $20k exc. GST, you can claim the whole amount as a depreciation write off. And so you get cheap electricity and a big tax write off. Please contact PFS Tax Accountants on 8362 3377 for more information.

09.01.2022 Halima Nuer spreading the tax and accounting word at the EID Festival.

08.01.2022 We are moving into the last lap of the tax planning race. The goal is to reduce your tax and boost your income. How to reduce your tax? Seek advice! Find out how prepaying expenses can give you a big tax deduction. Can you make a tax deductible contribution to super? Are you eligible for the 50% discount on a capital gain? Can you make use of the $20,000 depreciation write off? Call Des Tsagatos on 8362 3377 to find out how much money you can save.

08.01.2022 Attention small business owners, i.e. businesses with a turnover of less than $2M. The $20,000 business asset depreciation write-off is scheduled to end on the 30th of June, 2017. The next 4 months are your last chance to buy assets of up to $20K, ex GST, and write off the complete cost in this financial year.

08.01.2022 Tax planning? The time is now! This financial year is not yet over, so you can still take action to reduce your tax liability. Have you sold an investment property or some shares and made a profit/gain? If yes, contact us for advice on how to reduce the tax payable on the profit/gain. We can also advise on how to reduce the tax payable on salary or wages. Call Des Tsagatos at PFS Tax Accountants on 8362 3377 for more information. http://www.pfsfp.com.au/our-team

06.01.2022 There’s no bad time to seek financial advice, but there are five situations where it’s more important than ever. If you think financial advice is just about helping you save more for your retirement, think again. No matter where you are in life, getting good financial advice can help put you in the best possible place to achieve your life dreams, and protect you if things don’t go to plan. Here’s the 5th way your adviser can help you through some of life’s big events. 5. Ta...king time out There may be times in your life when commitments like parenting, taking care of elderly parents, studying or travelling will take priority over full time work. If you’re planning on taking a break from work, your adviser can help you understand your financial options for funding this time off. Remember that while you’re not working you won’t receive any employer contributions to your super. So it’s important to talk to your adviser to help make sure your retirement savings don’t fall behind. Call Des on 8362 2626 for more information.