Umbrella Accountants in North Lakes, Queensland, Australia | Tax preparation service

Umbrella Accountants

Locality: North Lakes, Queensland, Australia

Phone: +61 7 3040 0304

Address: Level 1, Unit 1.03 Norwinn Centre 4509 North Lakes, QLD, Australia

Website: http://www.umbrellaaccountants.com.au

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• Property management company

25.01.2022 Taking in the U.S market, Fitch forecasts home price growth as likely to increase in areas where home sales and new mortgages are driven by migration to smaller cities or suburban and rural areas. Changes in high-density cities as a result of the coronavirus pandemic could prompt a shift in housing demand towards smaller towns and suburban or rural areas. The traditional idea that capital growth is greater the closer you are to the CBD, may not hold in the future.

25.01.2022 House prices in outer Sydney and inner Melbourne have been most affected by weakening economic conditions associated with the pandemic, Corelogics head of research Eliza Owen says.

25.01.2022 The Government has amended the JobKeeper rules to allow more employees to qualify for the JobKeeper payment. This is achieved by extending the eligible employee test to also include eligible employees who were employed on 1 July 2020 (in addition to those employed on the original 1 March 2020 employment date), where they are not currently nominated for JobKeeper payments with another entity. As a result, more employees may qualify for JobKeeper payments from 3 August 2020 (i.e., JobKeeper fortnight 10), if they were employed on 1 July 2020 and meet the other eligibility criteria.

23.01.2022 The Hidden Cost of Housing report showed developers profits were less than taxes and charges which equalled up to one-third of new homebuyer costs; 19 per cent to 34 per cent of the purchase price of a block of land or new dwelling, while foreign buyers paid even more.

23.01.2022 Pimpam Duplex 1 Only - $80,000 Instant Equity on Completion - https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3862361

22.01.2022 The study found that affordable choices for housing and high availability have attracted families to the area from other parts of Queensland and as far afield as New Zealand. Other findings include the fact that nearly a quarter of residents23 per centare 14 years or younger, with a further 12 per cent of the population in the 15 to 24 age bracket, 63 per cent of whom are still living at home. The median weekly rent for a three-bedroom house is $350 and the majority of families live in stand-alone homes with double garages.

22.01.2022 The best tax breaks for small business is the instant asset write-off, a great way for your business to purchase capital assets and get an immediate tax deduction. As part of the COVID-19 Coronavirus Stimulus Package, the instant asset write off threshold has increased from $30,000 to $150,000 (net of GST) per asset acquired. This measure applies to all purchases from 12 March 2020 to 30 June 2020 where the assets are used or installed ready for use, in the business by 30 Jun...e 2020. Examples of tax-deductible items Some of the items that you could look at purchasing before 30 June 2020 include: Cash registers, Coffee Machine, Fridges, Cool Room, for cafes, restaurants, takeaways and the like Cars, vans, utes, trucks, earthmoving equipment Fittings and fixtures, for warehouses, workshops and the like Plant and machinery Computers, laptops, multi-function scanners, for offices Security systems

21.01.2022 Kingston Butter Factory and surrounds in Logan, south of Brisbane Split into two components, the project comprises a theatre and living museum in the butter factory building, along with an outdoor venue with a purpose-built stage and room for up to 5,000 people. With Logans population predicted to grow more than 50 per cent in the next two decades to around 548,000 residents, an uptick in infrastructure investment has seen the development of more than $18 billion of publicly-funded projects under way to support the growing residential population.

21.01.2022 In the face of a projected need to house many more older, marginalised women, Australia needs to increase the available housing options. It could be through crisis accommodation or more ideally through increased long-term affordable and social housing. Anecdotally, Airbnb is already providing an informal stopgap for people in need of emergency accommodation. Some community housing providers reported Airbnb property owners contacting them about leasing their properties short-term for crisis accommodation.

20.01.2022 Since launching in March, 610 of the 667 apartments on offer within the development have sold with several ones and three-bedroom apartments remaining. YPM Group director Bryce O’Connor said the Cottee Parker-designed development had attracted an unprecedented level of inquiries and sales. We know that the local market has been waiting for something quite special to come along.

19.01.2022 The analysis tracked mobile location data of people visiting the CBD, excluding residents, comparing results between late January, the week of 27 July, and 18 October. Movement in Adelaide CBD is closest to pre-Covid levels at an average of 78 percent, ahead of Perth at 74 percent. Meanwhile in places where large outbreaks have occurred city activity has dropped further since the middle of the year with Melbourne falling from 27 percent to 15 percent and Sydney from 48 percen...t to 44 percent. Activity in Brisbane has picked up 5 percent from the middle of the year but still sits at 66 percent below pre-pandemic levels.

19.01.2022 Once the virus is contained, we expect economic conditions to quickly improve, driving a turnaround in consumer spirits which should flow through to housing market activity. When that will be, remains highly uncertain. Corelogic head of research - Tim Lawless

19.01.2022 The Margin Scheme came about so those in the business of selling real property only paid GST on the Buy / Sell Margin if they werent able to claim GST when they purchased the real property now that they are on selling. The purchaser, however, cannot then claim any GST at all.

16.01.2022 Umbrella Accountants 3rd Wave COVID-19 Stimulus Job Keeper Payments - https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3846853

16.01.2022 State government extending the ban on evictions until the end of the year. Leaving out residential tenancies, the Queensland governments latest announcement pushes the moratorium on evictions in the commercial space to the new date of 31 December 2020. With no mention made about Queensland residential tenants, the end of the moratorium looks set to remain as 29 September.

15.01.2022 Figures released by the Australian Banking Association showed around 429,000 mortgages were deferred. The figures take the total number of loans deferred to 703,000, a value of $211 billion including business loans. Though interest in investment property loans has been deferred, they still have bee accrued, hence are still tax-deductible in the year incurred, rather than paying after the referral period.... If you would like further advice, please contact our office. www.umbrellaaccountants.com.au

15.01.2022 Queensland Construction Sites still open, at least until stage 3 non-essential businesses are considered.

14.01.2022 May JobKeeper Declaration for Employers and Self Employed Businesses - https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3871385

14.01.2022 Grattan Institute program director Brendan Coates said money for social housing, not home buyers grants, was the key to construction stimulus. Large handouts would prompt some more residential construction by encouraging some people to bring forward their home purchases. But under such schemes, governments also end up giving grants to people who would have bought a home anyway.

13.01.2022 For the first time in more than a decade, NSW and Victoria arent the nations top-performing economies. According to the Commonwealth Banks latest State of the States report, Tasmaniawhich usually lags behind the mainlandhas surged into pole position on the back of a growing population

12.01.2022 2020 Tax Time Umbrella Accountants What you need to know & Covid-19 opportunities on this yearsTax Returns. - https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3886586

12.01.2022 "If the tax act became simplified if GST applied to everything, then just maybe this dream is more real. If all industries were the same, if every business conducted themselves exactly the same way, if we all thought and behaved identically then maybe,"

11.01.2022 Specialist Disability Accommodation (SDA) will create a new option for investors in residential housing going forward. This type of specialist house is expected to create superior ROI, underpin by NDIS funding. The SDA market, which is slated to become a $5 billion asset class, is regulated by the NDIA and NDIS Quality and Safeguards Commission. The National Disability Insurance Scheme (NDIS), which is now in its fourth year, will support $700 million in specialist disability accommodation payments annually. Participants in the NDIS have options to incorporate SDA into their NDIS Plans. SDA houses will have options for multi NDIS participants to share the same residence.

11.01.2022 Landscaping expenditure relates to the construction cost directly related to landscaping, (ie) landscape designs, landfill, Lawns, garden beds, (which create artificial landscapes, etc, which are not integral to the installation of building structures, as such not normally give rise to items of plant or other depreciating assets.

11.01.2022 Melbournes housing market is now forecast to decline by 11 per cent, while Sydney and Canberra are set to fall by 10 per cent each over the next six months while Brisbane, Adelaide and Hobart markets are expected to drop by 8 per cent each. However restrictions could start to be lifted by the end of May, the fall in property prices would be significantly smaller!

11.01.2022 People in Australia say you dont need double glazing because we live in a temperate climate and Europeans come here and say, Ive never been as cold in my home country of Iceland as I am here in your country in winter thats because our houses are built to incredibly poor standards. University of South Australia research fellow Stephen Berry said the standards set for Australias residential buildings were simply not sufficient for the climate in which they were builtwhatever the season

11.01.2022 Urgent - New JobKeeper Rules Allow more employees to Qualify from 3rd August 2020 - https://mailchi.mp//urgent-action-jobkeeper-rules-amended-

10.01.2022 Griffith University has unveiled $1 billion plans to leave Mount Gravatt Campus, create a new campus at Roma Street Station and build a $80 million bioengineering centre on the Gold Coast

10.01.2022 The design for 88 Merivale Street, South Brisbane by Koichi Takada Architects is marketed as the greenest residential building in the world.

06.01.2022 Outside the two capital cities, the market is more balanced and indeed we are seeing an increase in demand for housing across regional Australia. This sentiment was reflected in a consumer confidence survey by insurer Budget Direct which found 60.52 per cent of people predicted property prices would fall up to 20 per cent between April and September.

06.01.2022 It will prescribe a proportionality principle, which Scott Morrison said is simply [t]hat the turnover reduction of the tenant needs to be reflected in the rental waiver of the landlord. What is important as part of this code is that both parties negotiate in good faith, Scott Morrison said on Friday.

05.01.2022 Prior to the Covid-19 outbreak, the new runway had been set to effectively double Brisbane Airports capacity, bringing more visitors to the region and allowing Brisbane residents a greater choice in airlines and destinations.

04.01.2022 Great video on how to put the COVID-19 expected property downturn into a historical perspective.

04.01.2022 This would all lead to population shifts for Sydney, Brisbane and Melbourneout of inner suburbs and middle suburbs and into outer suburban areas and towns. A similar result was seen on a global scale, pushing residential developers to re-think the value of home offices.

03.01.2022 Rental Property Owners affected by COVID-19 - https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3866357

03.01.2022 NSW government lifts bans on on-site auctions and open home inspections May 4, 2020 From next weekend, New South Wales real estate agents will be able to move back to conducting traditional open-for-inspections and on-site auctions after they were banned six weeks ago to slow the spread of Covid-19. ... NSW Treasurer Dominic said that the industry had been "adaptable to transitioning" to virtual inspections and online auctions.

03.01.2022 Job Keeper Official Applications Start on Monday 20th April 2020 What you need to do as an employer - employee - self employed - now ASAP! https://mailchi.mp/umbrellaaccountants/rc8s859sh3-3853389

02.01.2022 Weve seen some tenants already request a freeze on their rent commitments despite the fact they are not experiencing hardship, Mitchell said. This simply puts undue pressure on the system and makes it more difficult for genuine cases to be attended too. Domain senior research analyst Nicola Powell said the market now favoured renters.... Tenants have more bargaining power, Powell said. Those with good tenants will do everything in their power to keep them.

02.01.2022 The consensus, among property industry experts, is that the Home Builder Scheme will help level out demand for residential house and land packages in greenfield sites on the outskirts of capital cities, and renovations throughout. As the Scheme is short-lived, (to 31st December 2020), it is not expected to overly drive up the prices by the value of the scheme $25,000. If you like to discuss further, please contact our office.

02.01.2022 Melbourne Residential listings dropped 13.2 per cent in the latest data released by SQM Research, pulling the national listing figure for August down 6.3 per cent. According to the Victorian government, stamp duty accounted for $6.01 billion of its total $19.1 billion revenue in 2018-2019; the major contributor to the state behind payroll tax. As the Victorian state government is heavily reliant on property stamp duty revenues, there must be a significant state revenue collapse occurring.

01.01.2022 Adelaide and Canberra were the only capital city markets to record higher yields over the March quarter relative to the previous three month period. Sydney remains the most expensive rental market, with a current median rental value of $577 per week.