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  • Profile photo of InvestabitInvestabit
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    Hi Beaka,
    I am a QS who specialises in depreciation, so take my advice with a pinch of salt!!!
    I believe you would be mad not to engage the best QS you can get. Particularly a PPOR turned into an IP can be a ATO target
    kind regards
    George

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    Hi AndrewH,
    Remember that your depreciation is also 25% or so less on a construction.
    kind regards
    George

    Profile photo of InvestabitInvestabit
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    Hi KateMelb,
    Not that I know of, but of course the accountant, as a member of the TPB, would have to declare the commission. I would be interested to know of any accountants who get commission.
    kind regards
    George

    Profile photo of InvestabitInvestabit
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    H Guys,
    Let me say upfront that I am a QS who ha specialises in depreciation.
    The bottom line is that you get what you pay for.
    If you don't have  referal from someone you trust, then ask for references not from clients but from accountants who see  wide range of depreciation schedules from a wide range of QS's
    SAde to say that in 13 years of business not one client has bothered to check, go figure!!!
    kind regards
    George

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    Profile photo of InvestabitInvestabit
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    The focus is too often on the QS fees, when it should be on the results. A fee difference of $ 50- $ 100 is insignificant if the results vary by $ 2000-$5000

    Profile photo of InvestabitInvestabit
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    Hi Guys and Gals,
    A good QS will pick up up plant and articles ie Hot water unit, Lights, Carpets, Blinds even on a property built in 1971. Then there is the method used called " Cost to the taxpayer" which increases the value of P&A . BY the way is anyone claiming Stamp Duty and Legal fees in their depreciation ?
    kind regards
    George

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    Scott No Mates,

    I, as a QS who specialises in depreciation, agree with you there, A lot of online services are bad value for money in the sense that you are only paying for computor time, not getting any technical support from their QS. Do some research, make sure you know what you are getting
    kind regards
    George

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    jacqui_03,
    A good online service with support from the  QS should produce the same result
    kind regards
    George

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    jacqui_03

    You are still better off getting an experienced(in depreciation) QS to do your depreciation He could/should find more than ten times his cost
    kind regards
    George

    Profile photo of InvestabitInvestabit
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    thanks, number 8

    Profile photo of InvestabitInvestabit
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    For anyone who may be interested see this article http://www.aaaonlinepds.com.au click on " WHEN IS AQS REPORT NOT A QS REPORT"

    Profile photo of InvestabitInvestabit
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    energy4anarch,
    Disagree there, they are, in my companies at least, very different services at fees that refect the input made by myself
    The sole reason why I continue with my full service company is that the inspection of a property leads to extra tax deductions that an average owner would not know about
    You are right about getting what you pay for. I really do hope you are happy with your result and would love to hear from you in due course
    kind regards
    George

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    energy4anarchy.
    Please let me know in due course, if you were happy with the process and resulting schedule.
    kind regards
    George

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    energy4anarchy,
    For years I avoided starting an online depreciation company, believing that the time and cost of an inspection more than covered the cost( and still do), in actual fact I guarantee it!!! However I sucummbed to this when a friend of mine who lives in bendigo told of the difficulties they had in obtaining a depreciation quote, never mind the report. The more I looked at the concept, the more it made sense, the only problem being the cost to market it nationaly Remind me to buy shares in Google!!!
    By the way my full service fee is more than depro at $550 and my  the online service is $275
    kind regards
    George

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    Energy4anarchy,
     The reason I would like to know is that I am a QS with a online depreciation company and a full service(including inspection) company The online depreciation compay is limping along while the full service company is booming! I thought it would be the other way around. I would really like some feedback from someone who has used an online service
    kind regards
    George

    Profile photo of InvestabitInvestabit
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    Hi Guys,
    Has anyone tried a online depreciation service? I would be keen to know if you were happy with the process and result at a lot less than $450
    regards
    George

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