Specialised Tax Accountants Central Coast
We bring you the best possible solutions for your company.
Based at Tuggerah, our team of specialist tax accountants Central Coast, provide many tax accounting services for individuals and businesses.
We offer a complete range of taxation services for Central Coast residents including personal and business tax returns, advice on the appropriate structure/ entity to purchase a property, trust and company tax returns, PAYG tax variations, tax planning advice and more.
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 client’s returns and advice with a view of achieving the best result possible.
Access expert, specialist advice around tax planning, financial strategy, SMSF management and asset protection.
Karlie Dicker leads our accounting division, and she strives to ensure no stone is left unturned when assessing our client’s tax returns. Attention to detail is paramount when dealing with your tax affairs and the ATO.
Tax time can be stressful and knowing what to claim and what deductions you need to make as well as having multiple jobs or investments can make it more complex than you would like. Let the team at PFP Wealth on the Central Coast take care of all your taxation needs and give you peace of mind to know that your tax returns have been lodged according to Australian taxation laws.
The value of financial adivce.
Tax Accountants Central Coast – Financial Solutions to suit you or your business
Why Choose PFP Wealth Tax Accountants Central Coast?
Tax time can be very confusing, not knowing what you can and can’t claim as a tax deduction. Having an experienced Central Coast accountant looking after your tax correctly is the first step to ensuring you get the right refund without incurring the ire of the ATO.
Many people put off filing their tax returns for many years and some have never filed. Reasons vary why people do not file their tax returns such as procrastination, fearing penalties or tax bills and some fear child support may catch up with them. Here at PFP Wealth, your Central Coast accounting team, we make it a stress-free process and encourage our clients to get ahead each year by having documents ready throughout the year.
Experienced Tax Accountants Central Coast
We have a team of highly experienced accountants and financial planners that will work with you every step of the way to achieve the right outcomes for you or your business. We pride ourselves in our client services and our honesty, integrity and old fashion good services are what drives us to meet your high expectations. We build lasting client relationships so we are there for the long term to guide you through your financial journey.
PFP Wealth Groups consists of three separate companies including PFP Lending (mortgage broking company), PFP Private Wealth (Financial Planning) and PFP Accounting (Accounting firm). We all work together to provide all our clients with quality advice in a wide range of financial areas. You won’t be disappointed working with our experienced team.
Additional accounting services
Our taxation services are not just limited to property.
- Advice on the appropriate structure/ entity to purchase a property
- Personal Tax Returns
- Business tax returns
- Trust/ Company tax returns
- PAYG tax Variations
- Tax Planning Advice
- Capital Gains Tax Analysis and advice
- SMSF Tax Returns
Need a personalised solution for your financial situation?
PFP Wealth Group specialise in a range of financial planning services including accounting, financial planning, mortgages and loans and SMSFs. We specialize in building wealth through the accumulation phase of our clients. We work with each client individually to tailor solutions to fit your specific circumstances.
Exceptional Accountancy Resources.
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.
The Benefits of using Tax Accountants Central Coast
Many people choose to file their own tax returns without employing a professional tax accountant or tax agent. Tax is a complex business and you may be missing out on a lot of occupation-specific deductions if you choose to file your taxes on your own.
Our specialist accountants are trained to spot opportunities to get the most out of your tax return: quickly and accurately.
Time-Saving
Hiring a tax accountant to do your taxes for you is actually more time saving than doing it alone. Our team know exactly what they are doing and know what deductions can be made to increase your tax return.
We make the process as convenient and hassle-free as possible.
You will need to have information ready for us which includes
- Payment summaries and Income Statements
- Lump Sum and Termination Payment Summaries
- Government payment statement
- Interest from banks and investments
- Other incomes such as rental properties, business, capital gains tax
- Deductions that can include but not limited to, motor vehicles, travel, uniforms, professional development
- Home office- particularly during COVID
- Telephone, computer and internet
- Offsets such as health insurance, IAS statements or details of PAYG and spouse details including taxable income
No Stress
Lodging your own tax return means it is your responsibility to get everything right. If you make a mistake, no matter how small, the ATO may decide to audit your taxes.
Choosing to use PFP Wealth Tax Accountants Central Coast means that you are compliant with tax laws and you can be sure that your return has been accurately prepared.
Less Complex
If your financial situation is a little more complex, sitting down with a tax accountant is the best way to work through the intricacies of your finances and what you’re entitled to claim. If you have several jobs, earn additional income through the sharing economy, run a business, own rental property or juggle an investment portfolio, please contact our team of Central Coast Tax Accountants at PFP Wealth.
Experienced Tax Accountants Central Coast, NSW
PFP Accounting Services provide taxation and advisory services to clients, specialising in investment properties and SMSF’s, as well as individuals.
If you are looking for a tax Accountant Central Coast, speak to the professionals at PFP Wealth today.
Alison
Arcadia vale
Avoca
Avoca Beach
Awaba
Bar Point
Bateau Bay
Bensville
Berkeley Vale
Blackwall
Blue Bay
Blue Haven
Booker Bay
Bouddi
Budgewoi
Budgewoi Peninsula
Buff Point
Bushells Ridge
Calga
Canton Beach
Cedar Brush Creek
Central Mangrove
Chain Valley Bay
Charmhaven
Cheero Point
Chittaway Bay
Chittaway Point
Cogra Bay
Colongra
Copacabana
Crangan Bay
Daleys Point
Daniel Island
Davistown
Dooralong
Doyalson
Doyalson North
Durren Durren
East Gosford
Empire Bay
Erina
Erina Heights
Ettalong Beach
Forresters Beach
Fountaindale
Glenning Valley
Glenworth Valley
Gorokan
Gosford
Green Point
Greengrove
Gunderman
Gwandalan
Halekulani
Halloran
Hamlyn Terrace
Hardys Bay
Holgate
Horsfield Bay
Jilliby
Kangy Angy
Kanwal
Kariong
Kiar
Killarney Vale
Killcare
Killcare Heights
Kincumber
Kincumber South
Kingfisher Shores
Koolewong
Kulnura
Lake Haven
Lake Munmorah
Lemon Tree
Lisarow
Little Jilliby
Little Wobby
Long Jetty
Lower Mangrove
MacMasters Beach
Magenta
Mangrove Creek
Mangrove Mountain
Mannering Park
Mardi
Marlow
Matcham
Mooney Mooney
Mooney Mooney Creek
Mount Elliot
Mount White
Narara
Niagara Park
Norah Head
Noraville
North Avoca
North Gosford
Ourimbah
Palm Grove
Palmdale
Patonga
Pearl Beach
Peats Ridge
Phegans Bay
Picketts Valley
Point Clare
Point Frederick
Pretty Beach
Ravensdale
Rocky Point
San Remo
Saratoga
Shelly Beach
Somersby
Spencer
Springfield
St Huberts Island
Summerland Point
Tacoma
Tacoma South
Tascott
Terrigal
The Entrance
The Entrance North
Toowoon Bay
Toukley
Tuggerah
Tuggerawong
Tumbi Umbi
Umina Beach
Upper Mangrove
Wadalba
Wagstaffe
Wallarah
Wamberal
Warnervale
Watanobbi
Wendoree Park
West Gosford
Wondabyne
Woongarrah
Woy Woy
Woy Woy Bay
Wyee
Wyee Point
Wyoming
Wyong
Wyong Creek
Wyongah
