Best accountant for investment property
We have helped investment property owners claim maximum tax deductions and save money by 40%.
When it comes to investing in real estate, having the right accountant on your team can be critical.
Whether you are a first-time investor or a seasoned property pro, the best accountant for investment property in Australia will have the skills necessary to ensure that your investments are as profitable and successful as possible.
With the right support, you can rest assured knowing that your investment strategy is not only well-informed, but perfectly aligned with all of the laws and regulations governing investment in real estate.
So if you are serious about investing in real estate, be sure to partner with one of the top accounting professionals for investment property in Australia today.
Let's discussPractical bookkeepers
for investment properties
At CleanSlate, our team is experienced in handling the unique financial needs of real estate investors, so you can trust us to provide accurate and efficient support for your investments.
Cost Effective
Our experts can help you find cost-effective customized solutions that will save you time and money in the long run.
Asset advice
We help you identify right ownership structures that can help achieve financial security and long term goals of business growth.
Accounting advice
Our team of experienced accountants will provide you with clear, comprehensive financial statements that offer complete clarity on your financial situation.
Taxation consultancy
Our seasoned team offers the best advice on taxation that can ensure the prompt filing of your taxes.
Fixed monthly fee for
a defined scope of services
Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:
Cancel anytime
Unlimited support
Quick onboarding
Only Bookkeeping & BAS
Only bookkeeping and BAS (Does not cover tax returns, payroll and super):
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
- Full financial statements
- QuickBooks subscription
- Annual business tax return
- 2 x directors' tax returns
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping & Tax combined
For bookkeeping, BAS and tax returns (but no payroll or Super included):
- Annual business tax return
- 2 x directors' tax returns
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping, Tax & Payroll
All inclusive package: Bookkeeping, BAS, payroll, Super and tax returns:
- Annual business tax return
- 2 x directors' tax returns
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Add-Ons:
Businesses often require assistance with certain additional accounting tasks. To ensure flexibility to our clients, we offer hourly billing options for these additional tasks.
Accounts payable
Manage your bills, pay your vendors on time, and keep your cash flow in check.
Accounts receivable
Streamline your invoicing, track payments, and manage your cash flow efficiently
Multi-currency
Xero multi-currency allows you to receive payments in 160 currencies
How is accounting for investment property different?
When it comes to accounting for investment property, there are a few key things that you need to take into consideration.
For one, you will typically have to complete more detailed records and reporting than you would with other investments, as these types of properties often need more specialized maintenance and management.
Finally, the tax implications of owning an investment property are also unique and complex, and require careful consideration before any decisions about asset ownership or allocation are made.
Overall, accounting for investment property is a nuanced process that requires a solid understanding of both financial rules and market factors.
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What does accounting for
investment properties include?
Simplified bookkeeping
Our seasoned accountants helps you manage the complex process of bookkeeping, even if you own multiple properties.
Tax compliance
We help you stay up-to-date on changing tax laws and keep track of any required reporting deadlines or requirements.
Efficient system
We have the people, technology and process to develop an efficient system for helping you manage business.
Detailed reports
Our reports give you detailed insights into key performance indicators so you can identify areas where changes need to be made.
Why choose CleanSlate for your investment property accounting?
When it comes to accounting for investment properties, there is no one better suited to the task than our team at CleanSlate.
Benefit from our in-depth knowledge and experience in property management
Ensure your investments are managed effectively and yielding maximum returns
Stay up-to-date with the latest tax laws, regulations and market trends
Get peace of mind that your investment portfolio is being taken care of by experts
Call now
Client reviews
If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!
Frequently
asked questions
Capital gains on investment properties are usually reported as part of your taxable income. To accurately account for these capital gains, you must first determine the cost basis of the property, which includes any costs associated with buying or improving the property.
You may also need to adjust this cost basis for inflation and other factors. Once you have determined the cost basis, you can calculate the capital gain by subtracting the cost basis from the proceeds of selling the property.
You may be able to include certain costs of ownership in the property's cost base, which can help reduce your capital gains tax liability when you eventually sell it.
Yes, there are a number of tax deductions available to investment property owners in Australia. These include deductions for:
- interest payments,
- repairs and maintenance costs,
- insurance costs,
- legal fees, and
- other expenses related to the ownership or use of the property.
You are also eligible to claim depreciation as a non-deductible expense.
In addition, you may be eligible for capital gains tax exemptions or incentives if you meet certain criteria, such as claiming the main residence exemption or investing in an affordable housing scheme.
You should speak to a tax professional for more information on which deductions you may be eligible for.
To maximize the potential return on your investment property, it is important to approach the investment holistically. Start by conducting thorough research about the current real estate market in your area, as well as analyzing other factors that may impact property values in your region.
Next, examine different investment strategies for maximizing income from your property, such as renting to short-term vacationers or offering flexible leasing arrangements for individuals with changing lifestyles.
Additionally, it is crucial to take steps to protect your investment from potential risks like natural disasters and fluctuations in the local economy. With a multi-faceted strategy and a long-term focus, you can ensure that your investment property will yield the greatest possible return over time.
There are many benefits to investing in property in Australia, including:
- The Australian property market has been consistently strong for many years, providing investors with good capital growth potential.
- Australia has a stable political and economic environment, making it a safe place to invest.
- There is a wide range of properties available in Australia, from inner-city apartments to rural farmhouses, giving investors plenty of choice.
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