Gatherum-Goss & Assoc in Blackburn, Victoria, Australia | Financial service

Gatherum-Goss & Assoc

Locality: Blackburn, Victoria, Australia

Phone: +61 3 8813 0162

Address: 2-6 Albert St 3130 Blackburn, VIC, Australia

Website: http://www.gatherumgoss.com

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25.01.2022 2015/16 VARIATION CHECKLIST NOW AVAILABLE Our 2015/16 Variation checklist is now on our website, follow the link below. If you have not already submitted yours, now is the time to request a 2015/16 PAYG Withholding Variation. A new variation must be submitted every year, they do not follow-on from the previous year. One way in which a property investor can improve their cashflow is by lodging a PAYG variation. A PAYG variation is an application to the ATO requesting that your... employer reduce the amount of tax withheld from your regular salary or wage payments, to reflect the expected rental loss from your investment property. This is effectively a way of reducing the amount of tax you pay each payroll cycle, rather than receiving a large lump sum refund at the end of the financial year, and can be a great help in making mortgage repayments and cash flow.

23.01.2022 WELCOME LINDA HAMILTON - OUR MORTGAGE BROKER Gatherum-Goss & Assoc, as Part of Paris Financial are proud to announce that Linda Hamilton has joined our team. Linda is our new Manager of Lending and Finance. Linda has an in depth understanding of all facets of consumer and commercial lending and finance having previously worked as a Finance Broker from 2000 - 2007. From 2008 until recently Linda worked at one of the Big Banks as a Relationship Manager. Linda has excellent c...lient management skills and has the ability to coordinate intricate deals effectively and efficiently. She is well respected for her wealth of knowledge within banking and finance and has mentored several individuals within this sector. Linda has more than 17 years' experience working in the Banking and Finance sector and is passionate about finance. Career highlights include: Nominated in 2011 and 2013 for National Customer Service Excellence Award from over 500 Business Bankers. Awarded National Customer Service Excellence Award in 2013 from over 500 Business Bankers. Recognition for top 10 Customer Service results in 2008 & 2009. Professional Qualifications: Diploma of Finance and Mortgage Broking Management MFAA Credit Advisor Paris Financial Lending & Finance is a full member of the Mortgage & Finance Association of Australia, and provides clients with a comprehensive service backed by experience and product knowledge. From an initial appointment to determine a client’s borrowing requirements through to assistance with all aspects of the borrowing process, this service can tailor a solution that meets the client’s needs with both business and consumer products sourced at competitive rates from the big 4 banks through to boutique lenders with their specialised products. OUR VISION Our vision is to provide cost effective finance solutions and assistance to achieve financial stability and success by providing needs-based finance solutions. OUR SERVICES We have access to over 30 bank and non-bank lenders which ensures we source the most competitive lending packages available to suit your needs. The service provided will keep you up to date and informed throughout the entire finance process from initial appointment, application stage, through to funding and settlement. Linda will ensure the finance process is seamless and will liaise directly with your accountant to discuss the finance structure and obtain the required information for your loan application. Linda is also available to meet with you conveniently at our offices. You can contact Linda on 0419 734 947 Paris Financial Lending & Finance ABN: 84 417 079 462 Australian Credit Licence: 392025 Suite 5, 2-6 Albert St (PO Box 309) Blackburn Victoria 3130 P: (03) 8393 1000 M: 0419 734 947 F: (03) 8393 1099

23.01.2022 LAND TAX - THE GOOD, THE BAD AND THE UGLY - API Article When you buy your first (or even second) investment property, land tax is likely the last thing on your mind. Even less likely if you’re buying a new family home and have decided to keep the old one and rent it out. With land tax rates skyrocketing in some states over recent years, this can be a nasty surprise. Land tax is imposed by all state and territory governments in Australia, except for the Northern Territory. It’...s based on the cumulative value of all unimproved land that you own, other than your principal place of residence, in any particular state. It’s calculated on the total land ownership of an individual or entity at 31 December each year. Each state/territory government has its own land tax rates and exceptions or surcharges so it’s important to check these and understand what your liability may be. Links to each states rates are at the bottom of this article. Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix and Bec Mackie.

17.01.2022 IS OFFSET OR REDRAW THE BEST? I had a conversation with a client a few weeks ago that went something like this: So, you’ve just signed your property purchase contract, congratulations! followed by my asking Will you be living in it or renting it out? and Have you got the finance sorted?. My client, let’s call her Rachel, has a mortgage broker that she’s used before, so we discussed the loan structures and how her intentions for the property can influence the type of loa...n that may be best for her. Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix and Bec Mackie on August 18, 2015.

17.01.2022 TAXING DEVELOPMENTS - API Article In recent months I’ve had a number of conversations with clients who are building new residential properties, a couple intending to keep the property and rent it out and some intending to sell for a profit. When I informed these clients of the potential tax implications of selling, they were quite surprised that GST could apply and they wouldn’t necessarily be eligible for CGT discounts. There has also been a couple of recent ATO cases where ...the tax office has determined property sales to be profit-making, rather than realisation of capital assets, so it’s important to have all your ducks in a row. How the sale of the new property is treated for tax purposes all comes down to your original intention at the initial time of purchase (and the ability to prove this intention to the ATO). Proof of your intention may include items like email correspondence with your accountant and minutes of meetings. There are three possible categories and subsequent tax implications ... Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix.

15.01.2022 2015 TAX CHECKLISTS NOW AVAILABLE Tax Checklists for Individuals, Trusts, Companies and Super Funds are now available on our website. Follow the link below!

08.01.2022 TAX IMPLICATIONS OF RENOVATING FOR PROFIT - API ARTICLE We’re regularly asked about the tax consequences of renovating to sell for a profit and the answers and issues that may arise often surprise clients. Here’s some information on renovating for profit and the significance of substantial renovations. A few weeks ago, a client came to see me and one of the things we discussed was the fact that they’d just moved house. They’d purchased an old property in a good inner-Melbourn...e suburb. While they lived there they’d renovated the house, including a new kitchen, new bathroom and .... Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix and Bec Mackie on September 15, 2015.

06.01.2022 The RBA Board announced their decision to leave the cash rate unchanged at historical lows of 2.0% this afternoon. Click on the link below to read RBA Governor Glenn Stevens' media release for a summary of the basis of this decision.

06.01.2022 INTEREST RATES REMAIN UNCHANGED - OCTOBER 2015 RBA Governor Glenn Stevens media release on 6 October 2015. At it's meeting today, the Board decided to leave the cash rate....

04.01.2022 USING THE MARGIN SCHEME WHEN SELLING NEW RESIDENTIAL PROPERTY - API Article When building new residential property with the intention of selling for a profit, the biggest consideration, apart from income tax, is GST. Following on from last month, where we discussed the tax consequences of different types of developments, this month we take a more in-depth look at how you can use the ‘Margin Scheme’ to reduce your GST liabilities.... The margin scheme’s been around since the inception of GST but has seen many changes over the years as the ways it can be applied have been redefined. Normally when you sell new (or substantially renovated) residential property you are required to remit one-eleventh of the sale price to the ATO as GST. When you use the margin scheme, the amount of GST you have to remit is reduced to one-eleventh of the margin. In this case, the margin is the difference between what you purchased the property for and what you sell it for, it is not your profit margin. Click on the link below to read more of this great article written for the Australian Property Investor Newsletter by Pat Mannix and Bec Mackie on July 16, 2015.