Property tax advice in Melbourne CBD?

Discussion in 'Accounting and Tax' started by Coffey, 17th May, 2015.

  1. Coffey

    Coffey Member

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    I've been a regular reader of Somorsoft for the past 12 years, first time poster!
    My husband and I are doing a townhouse development in Melbourne (east brighton) and realise we now urgently need tax advice ASAP, before we get any deeper.
    Can anyone recommend an accountant who specialises in property tax and is based close to the cbd? It's virtually impossible for either of us to escape the city during business hours. Any advice greatly appreciated!
     
  2. Paul@PFI

    Paul@PFI Tax, SMSF & Planning

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    I handle SS and property clients located all over Australia. Face to face is so '90s and often a time consuming process involving travel etc. Happy to discuss basic concepts, ideas and your strategies in a no cost phone consult and define likely advice you need and potential cost. Sometimes its simple and sometime not.
     
  3. Prop_Perspectiv

    Prop_Perspectiv Member

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    Good to know.....;)
     
  4. coastymike

    coastymike Member

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    From my experience and discussion with clients many of them do prefer the face-to-face. Having a coffee and chat is something some clients enjoy.
     
  5. Paul@PFI

    Paul@PFI Tax, SMSF & Planning

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    How's that work if you are working remotely out of your overseas office Mike ? :D

    Sure it nice to sit down a chat but when travel etc are incorporated someone somehow has to pay for the time. In our industry time = $ at the end of day. Especially metro city traffic where Parramatta to Hornsby can take 2hrs at the wrong time of day. I'm concerned for the client time being 4 hours to see me for 1. I would think less than 1 in 20 want a face to face and find it more efficient for work to finalise to draft then issues and concerns, strategies etc are discussed. Effective communication doesn't always need facial contact. (Esp mine)

    I guess many of my SS / investor experiences are driven by those seeking best price for efficient use of time to keep the fee reasonable. Same with expecting clients to provide reasonable summaries etc. Anyone who has given me a shoebox or fiftyfive scans will know what I think of that...I tell them. They have to pay for me to deal with every single page. If I can avoid that they save.
     
  6. coastymike

    coastymike Member

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    Easy enough. When I'm at the resort Wilson does the face to face in Melbourne and Terry face to face in Sydney. Fortunately I follow the e-myth approach and have travelled the world the past 4 years. So agreed the virtual approach does work. Nothing better than doing a tax return or tax advice during the day and swimming with whale sharks in the evening or sitting on the beach with a beer chatting with friends. Beats going home to the suburbs every day just to pay the bills. My bills are paid for for life now. Visiting the Taj Mahal, shopping at the night markets in Bangkok, living it up in Boracay, deep sea diving in the Maldives, skiing in Switzerland. That's the average weekend for me.

    I agree a virtual approach is a more efficient option and with technology these days it doesn't matter where you are but some clients still prefer meeting face to face.

    Learnt that over many years in practice.
     
  7. Paul@PFI

    Paul@PFI Tax, SMSF & Planning

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    Esp the complex ones.