All Topics / Legal & Accounting / Accountant costs

Viewing 13 posts - 1 through 13 (of 13 total)
  • Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 18, 2013 - 5:12 am

    HI Everyone

    I own IP portfolio and my accountant charged me $1000 (including gst) for my 2011/12 tax return.  I have been using the same accountant for the last 5 years.  The accountant initially charged me $600 (including gst) when i first started using his services.

    I am a bit concerned because he seems to be increasing his fees every year but the no. of properties I own haven't increased.

    Please help me by confirming if the fee charged is reasonable.

    I would also appreciate if anyone could recommend an accountant who specialises in property and located around the inner west.

    Thanks

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    January 18, 2013 - 6:55 am

    Depends on the quality of service/advice and complexity of your finances.

    Your accountant may have simply changed his/her method of charging. If you don't believe it's value for money then try a different one.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711
    January 18, 2013 - 7:23 am

    My accountant charges me around $1000 including the investment properties. How many properties do you have? Are you from melbourne?

    Profile photo of TaylorChangTaylorChang
    Participant
    @scha9799
    Join Date: 2009
    Post Count: 234
    January 18, 2013 - 7:28 am

    Apart from the fees.

    Do you think he is helping you achieving your goal ? like give you some advise or suggestion ?

    if not, I think it's the time to shop around since no of properties not change, complexity didn't change then why the fees keep going up ??

    Ask some other accountants

    TaylorChang | Finance Broker
    Email Me | Phone Me

    Home loan | Commercial loan | 0414 691 517

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271
    January 18, 2013 - 8:15 am

    It depends on the number of properties. Also do you have SMSF related structures?

    Regards

    Shahin

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 19, 2013 - 12:10 am

    $1000 is a lot for one individual with investment property.

    Inner west of which country/state/city.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271
    January 19, 2013 - 2:46 am

    There is no way an accountant would charge $1k for one property – good to know exactly how many properties we are talking about.

    Regards

    Shahin

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
    Email Me | Phone Me

    Residential and Commercial Brokerage

    Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 19, 2013 - 9:15 am

    Thanks for your response Jamie.

    My accountant has never given me any advice.

    Could you please recommend an accountant in NSW?

    Regards

    An

    Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 19, 2013 - 9:17 am

    HI Joe

    I have 4 IP and I'm located in Sydney.

    Thanks

    Regards

    An

    Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 19, 2013 - 9:21 am

    HI

    yes I am started to shop around.  My accountant hasn't been able to offer me any advise. 

    Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 19, 2013 - 9:24 am

    Hi Terry

    I am located in Sydney.  I would appreciate if you could recommend an accountant in Sydney who specialises in property.

    Thanks

    An

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 19, 2013 - 9:34 am
    an3 wrote:
    Hi Terry

    I am located in Sydney.  I would appreciate if you could recommend an accountant in Sydney who specialises in property.

    Thanks

    An

    Try Martin at http://www.houseofwealth.com.au (I am a consultant to HOW)

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of an3an3
    Participant
    @an3
    Join Date: 2006
    Post Count: 7
    January 20, 2013 - 10:21 am

    Thanks Terry!

Viewing 13 posts - 1 through 13 (of 13 total)

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