All Topics / Help Needed! / Need a new accountant in Sydney

Viewing 11 posts - 1 through 11 (of 11 total)
  • Profile photo of BungeeBungee
    Participant
    @bungee
    Join Date: 2016
    Post Count: 4

    Hi all
    New to the forum, have one IP and ready to buy two more this year.
    My accountant does not know enough about property so it’s time to move on, I got a surprise land tax bill as I bought in a family trust, he never advised me this would happen and I believe there is a way to set up a company as a nominee to avoid this. I believe he should of at least warned me I would get hit for land tax. Plus he charged me $200 for a letter to the bank for re-finance! So it’s time for a change.

    I need an accountant that can handle self employed with property, north west of Sydney would be preferred but not essential. If you have a great accountant or know of one that fits the bill please let me know.

    Profile photo of BennyBenny
    Moderator
    @benny
    Join Date: 2002
    Post Count: 1,416

    Hi Bungee,
    I can recommend Nick Moustacas of Strategic Wealth Management. He is VERY experienced in many aspects of investing as well as accounting, as you will find out. He is not in Sydney’s North-West though (he is in Hurstville).

    To call him and check him out, Phone:(02) 9580 3353

    Benny

    Profile photo of BungeeBungee
    Participant
    @bungee
    Join Date: 2016
    Post Count: 4

    Awesome! Thanks Benny,

    Profile photo of BuyersAgentBuyersAgent
    Participant
    @knightm
    Join Date: 2005
    Post Count: 338

    Good to know about that one Benny. This mob are also excellent for property structuring etc. Also the wrong part of town for @bungee, sorry.
    http://wscgroup.com.au/home?subSiteId=1

    BuyersAgent | Precium
    http://www.precium.com.au
    Email Me | Phone Me

    South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    Hi allNew to the forum, have one IP and ready to buy two more this year.My accountant does not know enough about property so it’s time to move on, I got a surprise land tax bill as I bought in a family trust, he never advised me this would happen and I believe there is a way to set up a company as a nominee to avoid this. I believe he should of at least warned me I would get hit for land tax. Plus he charged me $200 for a letter to the bank for re-finance! So it’s time for a change.
    I need an accountant that can handle self employed with property, north west of Sydney would be preferred but not essential. If you have a great accountant or know of one that fits the bill please let me know.

    Accountants are not allowed to advise on land tax as this is a state tax and constitutes legal advice. Yet, he should have mentioned the dangers and suggested you get legal advice.

    Not sure what you mean by a company ‘nominee’. If a company is acting as trustee this doesn’t change anything however if the company is acting in its own right it would get the land tax threshold, but then there are different aspects to consider.

    You could try Paul at Price FInancial who is in northwest Sydney somewhere – Thornleigh maybe.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of BuyersAgentBuyersAgent
    Participant
    @knightm
    Join Date: 2005
    Post Count: 338

    …or meet with Terryw he is wisdom personified!

    BuyersAgent | Precium
    http://www.precium.com.au
    Email Me | Phone Me

    South Coast NSW Independent Buyers Agent - Wollongong to Batemans Bay and Regional NSW. DOWNLOAD OUR FREE 14 POINT PROPERTY BUYER'S CHEATSHEET to avoid painful mistakes at precium.com.au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I am not an accountant, but a lawyer specialising in ‘structuring’.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Paul Gerrard is great

    Paul Gerrard
    Accounting & Tax Manager

    Price Accounting Services Pty Ltd
    http://www.pricefinancial.com.au
    Unit 11, 1 Central Avenue
    Thornleigh NSW 2120
    Ph 02 9875-2444 (61-2-98752444)
    Fx 02 9481-0594 (61-2-94810594)

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of ABAB
    Participant
    @ameetvbhat
    Join Date: 2015
    Post Count: 21

    Hi Guys,
    Any recommendations for an investment focused tax agent/accountant in or around Melbourne?
    My current agent who is also a broker doesn’t seem to be investment focused at all. To me he seems to be lacking in a lot of areas including structuring of loans and I was pretty much in the same situation as Bungee – Although we don’t own IPs through a trust I believe the division of titles could have been structured more appropriately to minimize land tax . We own IPs as husband and wife under joint ownerships and I was only aware of what land tax is once I got the letters in the mail. :)
    Regards,
    AB

    Profile photo of BungeeBungee
    Participant
    @bungee
    Join Date: 2016
    Post Count: 4

    Thanks everyone for the references. Maybe I could talk to you Terryw about structure. I am keen to see if there are ways to invest with the trust and avoid land tax. I use the trust to protect assets as I own a professional services business. I will email you, I need someone like you on my team.

    Profile photo of BungeeBungee
    Participant
    @bungee
    Join Date: 2016
    Post Count: 4

    Paul Gerrard is great
    Paul GerrardAccounting & Tax Manager
    Price Accounting Services Pty Ltdhttp://www.pricefinancial.com.auUnit 11, 1 Central AvenueThornleigh NSW 2120Ph 02 9875-2444 (61-2-98752444)Fx 02 9481-0594 (61-2-94810594)

    Awesome, getting closer to home :-)

Viewing 11 posts - 1 through 11 (of 11 total)

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