Tax, Business & Estate Advice
The practice is currently closed and will not be taking on new clients until further notice for personal reasons.
Existing clients are now being managed by our trusted partner HMS Accounting. The ATO is aware of the situation.
Current client records are with HMS Accounting, you can contact Hayley Simpson to discuss using the details below:
My name is Grant Mackinnon. I am a Registered Tax Agent (#24618419), Accountant, Bookkeeper and advisor based in the Inner West of Sydney around Newtown and Erskineville.
I have expertise with:
I do not generally supply flat rates. I feel that a flat rate tends to penalise clients that are more organised with their paperwork and therefore not very good value for the client. Additionally, accounting software has become more automated, so the need for extensive bookkeeping support is overkill. I see part of my service is to identify inefficiencies within my clients' business and help reduce these. I feel a flat rate approach can contradict this philosophy.
Hourly rate $65 for monthly clients
Tax Advice and Returns
While I try to quote my work as best I can before starting, every return is different. The more organised clients are, the more efficient I can be - so I can charge you less money. I do all the returns myself, I don't hand them off to an unqualified junior, or outside service, hence the premium on the quick and fast big brand names. For a Very Rough guide:
Really good at doing your business but are finding the admin side of things a little confusing and the numbers aren't adding up? Do you want a more hands on tax accountant? Don't want to be "handled' just every time a ATO reporting is due?
Software & Accounting Partnerships
Software Currently Used:
Nobody pays 50% tax
One of my pet peeves is hearing a politician (Of many political persuasions) saying "You are/will be paying 50% in tax". This is either deception on their part or poor planning on the tax payer's part. You would need to have an income of over 6 million dollars directly to you in the 2014/15 year to be paying more tax than you would keep in your pocket. This includes paying all additional levies (excluding HECs - but you would clear any debit long before then). Even if you include additional taxes (GST, stamp duties, Payroll) it's still unlikely that you would be dragged over the 50% mark. An article that explains this in better detail than I could is "Rich pay half income in tax"