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Considering purchasing an Investment Property?

3 potential benefits in owning an investment property.
  1. Consistent rental income
  2. Substantial tax benefits
  3. Capital growth
The main focus of this article will be to provide further detail on point two, which is to explain the numerous tax benefits of owning an investment property. Tax benefits relate to the ability to claim various deductions. Examples of the 2 major claims for rental properties are depreciation and loan interest. Examples of other deductions include property management fees, repairs, council rates etc. Depreciation on investment properties There are 2 types of depreciation that can be claimed on the property.
  1. The structural elements of a building:
    1. Roofs
    2. Windows
    3. Fences
    4. Flooring
  2. The mechanical or removable plant & equipment assets within the property:
    1.  Carpets
    2. Hot water systems
    3. Air conditioners
    4. Blinds.
The standard depreciation rate for capital works that relate specifically to the structure of the property is set at 2.5% p.a of the construction costs, which...

March 2015 Practice Update

March – 2015 Practice Update covers following points
  • Small business company tax cut to go ahead
  • Deductibility of a 'working with children check'
  • Time limits for family assistance payments
  • ATO update regarding the 'Director Penalty Regime'
  • 'Single Touch Payroll' on the horizon
  • Pension deeming rates to be lowered
Click here for – March 2015 Practice Update...

What is ‘Management Accounting’?

On Friday 20th March 2015, Roger G Anthony was invited by Zimsen Partners Pty Ltd to provide a valuable insight into “Management Accounting”.  Highly qualified, with an MBA and a Master of Financial Management and prior to his retirement from the Finance Industry, Roger had also held professional membership, such as FCPA, FCMA, FCCA, FCIM.  Roger has had a very wide career experience, having held Senior Executive positions, such as Finance Director, CFO and Finance Manager. He began the presentation by defining Management Accounting. Management accounting is a profession that:
  • Involves partnering in management decision making
  • Devises planning and performance management systems
  • Provides expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy.
A video clip from Professor Roger Gee explaining the difference between “Management Accounting” and “Financial Accounting” was then projected.  This...
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