Performance Partners
Industry experts that help you do business better
FLIPRO: FN Hobart/Kingston Teams Up
FN Hobart and FN Kingston (Tas) have collaborated with Flipro on a pre-spring listing drive, leveraging the awesome recreation of properties that Flipro can achieve. You could do the same too.
Go on. Give them a call. You have nothing to lose.
FIRST CLASS HAMPERS: Elevate Your Corporate Gifting
A settlement gift celebrates the end of one journey and the beginning of many more that can be taken together. From the first home buying experience to the realisation of their dream home and everything in between, your vendors and buyers deserve a gift that matters.
Each client’s experience is unique and your investment in their settlement gift should reflect the investment they’ve made in their future. Our Performance Partner, First Class Hampers, takes a strategic approach, offering settlement hamper solutions perfectly targeted to everyone in your customer base.
Take a closer look, here…
MACQUARIE BANK: Six Ways to Protect Your Business Online
Australian businesses know their cybersecurity has never been more vital. Yet, businesses are increasingly falling prey to cybercriminals, losing hundreds of millions of dollars every year. When there is so much at stake, how are business leaders managing the ongoing threat and safeguarding future growth?
Our Performance Partner, Macquarie Bank, offers some important tips in this authoritative article. As you read it, keep in mind the network’s Cyber Security partner, Cynch, is ready to support and strengthen your security.
Here are your Macquarie Bank contacts:
NSW – Stuart Hobden
VIC/TAS – Steven Lunden
QLD – Steven Marinucci
Steven.Marinucci@macquarie.com
SA - Steve Elliott
WA – Jake Mirco
BMT TAX DEPRECIATION: Help Your Landlords Prepare for the New Financial Year
Each new financial year, property investors are actively seeking opportunities to minimise their future tax bills. Beyond assisting them with property management and tenant relations, you have the power to assist your clients in preparing for their upcoming financial year.
In this article, BMT Tax Depreciation explores how.
1 - Address repairs now rather than later
Repairs such as fixing leaking taps, patching holes and cracks in walls and fixing part of a broken gate or fence are all 100 per cent tax deductible.
Addressing the ‘not-so-urgent’ repairs now rather than later will allow your client to claim back the expense in their upcoming tax lodgement, rather than waiting another financial year.
2 - Help them collate expenses
Claiming property-related expenses is certainly a perk of owning an investment property. But doing the paperwork can make it feel more like a chore.
Show your landlords the tools available to make the paperwork easy. For instance, MyBMT is a free tool that includes an income and expenses feature. This allows the user to easily store records and receipts and share them directly with their accountant through the tool.
3 - Ensure they’re claiming depreciation
As a property manager, you can sometimes be the bearer of bad news, so educating your clients on depreciation is a positive tool in your belt.
Depreciation is a tax deduction claimed for the natural wear and tear of an income-producing property and its assets over time. Property investors can claim it each financial year.
A costly myth surrounding this beneficial deduction is that investors need to wait an entire financial year to claim it, but this isn’t the case.
Partial year depreciation deductions are still available and have the potential to fall into the thousands of dollars.
Advising your clients that they can claim a deduction for assets they already own will reduce their taxable income, help them prepare for the new financial year and improve your reputation and ongoing client relationship.
If you want to know more about depreciation or how to help your landlords maximise deductions, call BMT on 1300 728 726 or visit the website.
Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Please contact 1300 728 726 or visit bmtqs.com.au for Australia-wide service.