Investment Savvy Accountant / Tax Agent

Discussion in 'Accounting & Tax' started by SeekingAdvice, 14th Oct, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. SeekingAdvice

    SeekingAdvice Member

    Joined:
    27th Mar, 2019
    Posts:
    5
    Location:
    VIC
    Hi everyone,

    I current hold a small portfolio of investment properties and my accountant has been great in managing my tax for me as they have been pretty straight forward (buy + hold, input depreciation etc)

    However I’m in the process of undertaking a development and have been struggling with advice on planning for tax outcomes (ie: is it an enterprise, or isolated profit making scheme, capital or revenue account, etc etc)

    Can anyone suggest an investment savvy accountant / tax agent preferably in Melbourne (or interstate) who I can speak to for some clear advice , to help me structure and plan accordingly.

    Much appreciated
     
  2. Big A

    Big A Well-Known Member

    Joined:
    18th Nov, 2018
    Posts:
    1,995
    Location:
    ?
    Hi @SeekingAdvice , there are a few quality tax agents / structuring specialists on here. While not necessarily located in Melbourne you could probably get all the advice you need via phone or webcam. I have personally used @Terry_w for advice on structuring and compliance, without meeting in person and can tell you he knows his stuff, when it comes to advising on the most suitable structures and strategies to minimise tax.
     
  3. SeekingAdvice

    SeekingAdvice Member

    Joined:
    27th Mar, 2019
    Posts:
    5
    Location:
    VIC
    Thanks @Big A I’ve definitely been reading a lot of @Terry_w ‘s advice on here but not sure if he’s taking on any new clients, will DM him. Appreciate it
     
  4. Paul@PAS

    [email protected] Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    18,445
    Location:
    Sydney
    You may find our developer toolkit provides a good run through for the basics so that you can then have informed discussions regarding structure, tax issues and record keeping. We also offer our clients a simple record keeping tool for developmnets that covers things like GST, taxable payments reporting, recording all costs, BAS each quarter (when / if required) etc
     

    Attached Files:

  5. Morgs

    Morgs Well-Known Member Business Member

    Joined:
    7th Dec, 2017
    Posts:
    1,389
    Location:
    Sydney NSW
  6. SeekingAdvice

    SeekingAdvice Member

    Joined:
    27th Mar, 2019
    Posts:
    5
    Location:
    VIC
  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    35,801
    Location:
    Australia wide
    I have way too many people approaching me atm, so have had to close the shutters for a while.

    Also I am not an accountant or tax agent, but can advise on tax issues as a lawyer (as well as other legal issues)
     
  8. Harper Lee

    Harper Lee Member

    Joined:
    14th Dec, 2018
    Posts:
    18
    Location:
    South Melbourne
    I use Alfa Focus who are in Hawthorn. They are very savvy when it comes to structuring, tax management and asset protection.
     

PFA Property Expo is designed in a way that visitors can gather maximum real estate knowledge with added benefits. Different speakers will be presenting on different topics as where to buy, when to buy in this market...