Perth FIFO accountant?

Discussion in 'Accounting and Tax' started by Wirra436, 31st Aug, 2012.

  1. Wirra436

    Wirra436 Member

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    Anyone in Perth who can recommend a good fly in fly out worker accountant that has good IP experience too?

    Zone Rebates seeing I work offshore/Nth West WA
    Travel allowances?
    Claiming membership and training courses?
    Claiming tools and clothing?

    The old H&R block just doesn't cut it anymore......

    Cheers

    Wirra
     
  2. ScottyB

    ScottyB Member

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    Wirra,

    From my experience the majority of FIFO accountants are poor and overcharge as they try and justify it with their "Knowledge"

    You don't need a specialist accountant, your zone rebates, Clothing, Memberships etc are very easy and don't require an expert, you can either claim for them or you can't. I did all my own this year and managed a very nice rebate of 5k all completely above board.

    I would recommend you source an excellent IP accountant and then make sure they list and claim for your standard FIFO stuff, as the IP side is much more complicated.

    Regards

    ScottyB
     
    Jake D likes this.
  3. Rolf Latham

    Rolf Latham Member

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    Hiya

    Kevin Zani works with a few of my clients from various backgrounds

    FIFO stuff wont be an issue for him

    BEAUMARIS BUSINESS SOLUTIONS

    Taxation & Business Advisors, CPA
    phone 08 9228 2260

    ta
    rolf
     
  4. coastymike

    coastymike Member

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    I know James at www.houseofwealth.com.au is up to speed on the FIFO issues. Might be based in Melbourne but with the internet these days I dont think distance is an issue.
     
  5. Rixter

    Rixter $uper Investor (Retired)

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    I agree...Im also in Perth and James has been doing our taxes for a number of years now.
     
  6. regrow

    regrow Member

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    Yep I'm a FIFO and my accountant is in Vic also.

    Also unless you are working on Barrow Island you don't qualify for the zone rebate as far as I've been told by my accountant.

    A lot of guys claim it as they say their accountant says its ok. But it's your signature on the return and the ATO won't go after them if you are audited. More than happy to be corrected on this though.

    Regards
     
  7. redwing

    redwing Progress Not Perfection

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    I thought it was amount of days above the 26th parallel Regrow, though maybe I'm showing some age on that one?
     
  8. HD_ACE

    HD_ACE Game-Changer

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    There is more than one zone allowance depending on distance. The amount depends on being in that zone for over a certain amount of days. Can be over more than one financial year too. So you should be able to claim it.

    Cheers
     
  9. Wirra436

    Wirra436 Member

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    yeah you are right, its over 183 days in a 365 day period.

    however im an offshore FIFO worker, I could ******** and say that I work in the exmouth (learmonth) area, cause obviously I am on an oil rig only 50kms from the land, but I would fall short when the ATO asks me to show proof that i was in the exmouth land region haha.

    really no point :cool:

    http://www.ato.gov.au/individuals/content.aspx?doc=/content/46068.htm
     
  10. ScottyB

    ScottyB Member

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    Correct Regrow.

    I work on Barrow and qualify for the zone rebate.

    Regards

    ScottyB
     
  11. regrow

    regrow Member

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    That's what I thought. If you then get on a chopper and fly to a rig, platform etc then you are not allowed the rebate.

    Regards
     
  12. geminiper

    geminiper Member

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    Wirra,

    I have been using a good accountant in Perth, can give the contact details to you if you still need.

    Jay
     
  13. EagerAchiever

    EagerAchiever Member

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    There are 2 zones within Australia and then there are the "special zones". There is a ruling that relates to this TR 94/27. Not too hard to work it all out either.

    http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR9427/NAT/ATO/00001

    The Australian master tax guide (CCH publishing) isn't a bad read if you want to be up to speed with the latest offset rules. Not cheap (over $100) but well worth it in my book.
     
  14. westminster

    westminster P Plate Developer

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    I am happy to recommend Steve Wilson at Infront Accounting in Perth.
     
  15. redwing

    redwing Progress Not Perfection

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    I recently read a blurb about some of the resource companies offering salary sacrificing for flights
     
  16. hematite

    hematite Member

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    I can verify that at least one miner does :)

    Some even reimburse fares back to your home....

    Some colleagues live in Bali/Thailand and fly in to work on the company tab.
     
  17. Perry Kleppe

    Perry Kleppe Member

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    Wirra GR8 fifo tax consultants specialise in FIFO workers and also Property Investment. You can check out the website at www.gr8fifoconsultants.com.au

    Advice is free and you only get charged a fee for lodging a tax return. In my experience more often than not FIFO's are claiming many things they shouldn't rather than missing claims and the key is to make sure you dont fall into this catagory. ATO penalties and fines are far more difficult to justify than a small cost for good advice.

    ScottyB did get it right with his suggestions on what is claimable but depending on your specific personal circumstances and structure you may also be entitled to other stuff as well

    Make sure your advice and service comes from a registered tax agent
     
  18. redwing

    redwing Progress Not Perfection

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    Hey Perry

    Checked out the site and your the Managing Director and Founder :D

    PS: your link above didn't work, lucky google is my friend