What are the tax and investment considerations for a Granny Flat above versus a Tiny Home below? Income Tax Return Reporting - Income Streaming Tiny Homes Tiny home ownership does not have to follow the ownership interest of the underlying property ownership. For...
Secondary Dwelling From December 2023 the Victorian Government has passed planning changes to make it easier to build Granny Flats - or "small secondary dwellings", on existing homes. The Victorian Premier Jacinta Allan revealed that planning permits will no longer be...
The ATO is particularly targeting property investors that are not using the help of a specialist property tax accountant like Umbrella Property Accountant, due to the high error rate being discovered from ATO Audits. The ATO Audits into self-preparers have uncovered...
The Umbrella Accountants Team is focused on ensuring your accounting systems have integrity so you can make informed business decisions based on the figures being correct.
Are they qualified and experienced in bookkeeping and accountancy principles and hold the necessary qualifications?
Are they backed and supported by a Professional Organisation?
Do they have Professional Indemnity Insurance?
Up to date on taxation laws which restrict the services bookkeepers can provide?
Do they abide by professional code of conduct?
Do they understand the ATO Safe Harbour Provisions?
Ensuring your bookkeeper is qualified
Building a good working relationship with your bookkeeper
Work in collaboration with your bookkeeper of choice as a team
Looking at cloud based accounting systems, Point of Sale, Inventory, HR, CRM, Job Flow & Project Management, etc