Are you a property investor or thinking about entering the real estate market? Understanding the role of a property accountant could be pivotal to your financial success. While many property owners attempt to manage their finances independently, a specialised property accountant offers expertise that can significantly impact your bottom line.
Beyond Tax Returns
Property accountants do far more than prepare your annual tax return. We provide comprehensive financial management specifically tailored to real estate investments:
- Track rental income and property-related expenses
- Maximise legitimate tax deductions specific to property
- Advise on property depreciation schedules
- Structure investments for optimal tax efficiency
- Provide guidance on GST implications for property transactions
- Assist with record-keeping and compliance requirements
Navigating Complex Property Tax Rules
Australian property tax legislation is notoriously complex and frequently changes. A property accountant stays current with these regulations, ensuring you don’t miss deductions or compliance requirements.
For example, did you know that expenses like council rates, insurance, maintenance costs, and even travel to inspect your property may be tax-deductible? We help identify all possible deductions while ensuring you remain compliant with Australian Taxation Office requirements.
Strategic Investment Planning
Beyond day-to-day accounting, property accountants provide strategic advice to help grow your portfolio. We can assist with:
- Analysing potential property investments for financial viability
- Structuring purchases to minimise tax and protect assets
- Planning for capital gains tax implications
- Advising on the timing of property sales or acquisitions
- Developing strategies for building wealth through property
When Should You Engage a Property Accountant?
If you own even one investment property, working with a specialised accountant can deliver significant value. The complexity increases substantially with multiple properties or when dealing with commercial real estate.
Many of our clients find that the tax savings and strategic advice we provide far outweigh our fees. Plus, having a professional manage your property finances gives you more time to focus on growing your portfolio rather than drowning in paperwork.
At Griffiths Advisory, our team understands the unique challenges and opportunities in the Australian property market. We work closely with you to understand your investment goals and develop strategies that maximise returns while ensuring compliance with all regulatory requirements. Contact us todayto discuss how our property accounting expertise can support your financial success.
Bachelor of Commerce
Certified Practising Accountant
Diploma in Financial Planning
Professional Certificate in SMSF
Approved SMSF Auditor
Phil has been the Managing Director of Griffiths Advisory for 29 years, combining his expertise in taxation, business advisory, superannuation, negative gearing, and wealth creation. He also loves an active lifestyle, indulging in surfing, cycling, snowboarding, and spending quality time with his wife and two children.
