Proactive Blogs

Should I buy something to save tax? Around tax season, a common question that we are asked by individuals who have businesses is if they should invest in something to save tax. One of the biggest pieces of advice we can give around this topic is to only purchase something if you genuinely need it […]

When changing accountants it is possible that you receive conflicting information. Although we hope this is not the case, it is possible. We understand and sympathise that this can be frustrating and can cause confusion. At Proactive Accounting we pride ourselves on providing accurate and up-to-date information to our clients. While doing this we have […]

If you have or are thinking of buying an investment property, a depreciation schedule is something that you could find well worth having. These are prepared by Quantity Surveyors and quantify the costs associated with your property, like construction costs as well as contents. The main reason that obtaining a depreciation schedule is important is […]

Many people are uncomfortable with the thought that that they could be audited. One of the questions that we come across is ‘what do I do in the case that I am audited?’ While the auditing process is far from enjoyable, there are steps you can take to make it more smooth and less time […]

For many homeowners the question arises if they are able to claim a portion of the mortgage on their taxes. In the case that you own a business and are running that business from your residence, the answer to your question would be yes. There are, however, a few things that you may want to […]

Tax time – that once a year situation when you can submit a tax return form to the ATO and, hopefully, look forward to your refund.  Time to treat yourself!! However, not everyone is in the happy position that you have overpaid along the way and now eagerly anticipate the refund.  Some people, for a […]