Wednesday, 12 September 2018

BUYING, SELLING, DEVELOPING PROPERTY?


Property transactions are one of the most common and significant dealings which can have varying taxation implications dependant on whether you are an investor or property developer. It is best to obtain advice prior to the transaction occurring.

Langley McKimmie Chartered Accountants have specialist advisers who can assist you with the following areas of advice: 
  • Residential, commercial and rural property
  • Capital Gains Tax
  • Small business concessions
  • Goods and Services Tax
  • Main residence exemption
  • Tax structuring
  • Sub-division
  • Revenue or capital account
  • Self Managed Superannuation
  • Foreign resident withholding clearance 

In recent years the ATO has placed a focus on reviewing property transaction, so to ensure you have the best possible outcome, contact us to discuss your situation.



Please contact Chris Mercieca, Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.   
   

Monday, 10 September 2018

REMINDER - AUGUST ACTIVITY STATEMENTS


Don't forget to lodge your August Activity Statement by 21 September 2018.  Please feel free to contact our office on (03) 5427 8100 if you would like our assistance.

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

Wednesday, 5 September 2018

BENEFITS OF ONLINE ACCOUNTING SOFTWARE



There has been a lot of promotion in recent times over the recent period by online accounting software solutions such as Xero, Reckon online and MYOB pushing their online products, however many people are interested to find out what the benefits are. Below are some of the benefits of switching to an online accounting solution (features can vary between the different software products on the market):

  • Bank account information can be directly downloaded into your file, this means that once set up the bank account transactions will feed directly into your file and you will simply need to code the entries
  • Your accountant is able to have real time access to your file, which means that they can assist you over the phone or log into the file (once you have allowed access) and assist with changes or resolving any bookkeeping issues that you may have
  • The cost is generally direct debited each month for the accounting package so you do not have to deal with the more substantial initial outlay of purchasing a desktop version (and then having to update it each time a new version is released)
  • You can access your file anywhere provided you have internet access, the beauty of being cloud based!
  • Most online accounting packages offer a payroll function as well as invoicing functions
  • You are also able to set rules so re-occurring transactions each month can be automatically coded saving you time and reducing your workload 


Langley McKimmie is partner of MYOB, Reckon and Xero.

Please contact our office to speak to one of our accountants if you would like to discuss further.  Langley McKimmie Chartered Accountants  (03) 5427 8100


We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.  

Wednesday, 29 August 2018

WHY AM I MAKING A PROFIT BUT HAVE NO CASH?


We assist our clients by providing direction in the management of their cash flow - a key factor in the success of a small business.
 


Please contact our office to speak to one of our accountants if you would like to discuss further. Langley McKimmie Chartered Accountants (03) 5427 8100. 

We provide accounting and wealth management services to clients in WoodendGisborne and Macedon Ranges areas within Victoria Australia.