Accounting Services Hunter Valley
Hunter Valley Accountants specialising in Personal & Business Taxation Services
PFP Wealth Group offer a large range of accounting services Cessnock, including personal and business tax returns, property advice, trust and company tax returns, PAYG tax variations, tax planning advice, capital gains tax and SMSF tax returns.
For over 20 years PFP Wealth Group at Cessnock in the Hunter Valley have been empowering individuals, families and businesses to nurture financial success, security and peace of mind. We have built our strong foundations of sound financial advice on trust and transparency, which has enabled us to build and nurture long-lasting client relationships.
Working hand in hand with our Financial Planning and Lending division, PFP Accounting provides taxation and advisory services to our clients, specializing in investment properties and SMSF’s. Our history of dealing with property related taxation requirements ensures that we thoroughly process our clients returns and advice with a view of achieving the best result possible.
Karlie Dicker leads our accounting division, and she strives to ensure no stone is left unturned when assessing our clients tax returns. Attention to detail is paramount when dealing with your tax affairs and the ATO.
Accounting Services Tuggerah – The value of sound financial advice.
Accounting Services Tuggerah – How can PFP Accounting Central Coast Help?
Whether you are an individual, family or business owner, we have the right people and the expertise to help. Our team will take the time to get to know you, so we can find out what you need and how we can be of the most beneficial help to you. Whether that be to achieve your financial goals, grow through your business life, or protect and provide for your family.
PFP Wealth Group has a team of highly experienced individuals that specialise in each facet of financial services, working together to achieve the results you are after and to help you secure your financial future.
Let us take the stress and hassle out of accounting with a personalised service created especially for your needs. We work with individuals and businesses of all sizes. The accounting services we offer range from software set up to monthly or quarterly reporting, filing tax returns, PAYG and self-managed super funds (SMSF). Our specialty is providing businesses with an understanding of their annual financial statements.
We are passionate about our accounting services and our focus is strongly on you and achieving the best results we can.
Book your obligation free consultation today. We have offices in Tuggerah on the Central Coast, Maitland and Shepparton Victoria.
Exceptional Resources for Accounting Services Tuggerah.
Depreciation Schedule
Obtaining a depreciation schedule for your investment property can assist in creating significant tax deductions that can greatly reduce the cost to hold a property. There are 2 types of depreciation, Capital Works and Plant and Equipment, which allow you to claim a tax deduction for the declining value of the asset(s) as it ages. To see if your investment property qualifies, contact one of our friendly staff.
PAYG Variation (ITWV)
A tax variation allows you to claim your negative gearing benefits each month (or pay cycle) instead of annually. This is usually done so that you can reduce the cost to hold a property by reducing your tax paid each month resulting in more funds in your pocket.
PFP Accounting advises the ATO of your reduced income and the ATO in turn notifies your employer to deduct less tax from your pay. This tax variation needs to be lodged each year, usually around May.
Keep Good Records
Like any tax situation, the better records you keep the easier it will be to make sure you are claiming the maximum deductions each year. We recommend keeping a folder with all your property income and expenses recorded so that it is easy to access, saving you time, and resulting in a healthier tax return.
Consider Paying Interest in Advance
Depending on your personal situation, you may be able to pre-pay your loan interest for a year in advance resulting in a greater tax deduction for that year. There can be dangers with this so to see if it suits you please contact our staff.
Claim Your Borrowing Expenses
The loan expenses you incur to obtain an investment property loan are usually a tax deduction. Some costs such as mortgage insurance are often overlooked but can be claimed over a 5 year period. Be sure to check all of the fees the bank has charged you to make sure you are maximizing your deductions.
Capital Gains Tax
Capital gains tax can be a significant tax but sometimes it can be managed with careful tax planning. Selling your asset at the right time and calculating the correct gain plays a vital role in managing the tax you may be liable to pay. Planning your sale requires appropriate advice before you start the process.
PFP Wealth – Offering Sound Accounting Services Tuggerah
As an overall financial planning service, we take pride in getting to know our clients first and then structuring solutions to their financial position so they can achieve the retirement that they deserve. Other services we offer include mortgages & loans, SMSF, financial planning and accounting.
Our client base is typically mums and dads who simply want to get ahead financially or who don’t fully understand what their financial position really looks like. They want to know what they can do to increase their chance of having the retirement they had always dreamt off. The earlier a client comes to us the more chance we can change their lives forever and get them onto a path of financial freedom. Sometimes a lot of changes are required and other times it is some small tinkering that gets them on track. Everyone is different and we treat everyone as an individual.
