Bookkeeping & Accounting for Real Estate
Real estate transactions involve substantial sums of money, complex financial transactions, and numerous expenses. Effective financial management in real estate requires careful budgeting and planning. At Oysterhub, we specialise in providing bookkeeping & accounting services for Real Estate companies and agents like you to help elevate your business and achieve greater efficiency and profitability.
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Why You Need An Accountant for Real Estate
Year after year, countless Real Estate companies and agents find themselves feeling trapped in the never-ending cycle of business complexities— from overwhelming pending paperwork, relentless dealings with the ATO, overwhelming tax liabilities, and a lack of reliable business advice. If you’re currently caught in this overwhelming web, there’s hope with Rescue Tax Accounting.
Starting a business should be a exciting journey, not an overwhelming challenge. Oyster Hub provides specialised assistance to Real Estate companies like you and help you navigate through the complex ATO requirements with ease. We offer a comprehensive one-stop solution for Accounting, Taxation, Bookkeeping, Payroll, and Business Advisory services, allowing you to focus on growing your business without being bogged down by reporting and administrative burdens.
How Our Accountants for Real Estate Can Help:
- Timely and Easy ATO Compliance
- Rescue Tax Accounting
- Minimise Tax Liabilities
- Personalised Business Support
Are you Looking for a Real Estate Accountant?
Meet Adarsh, Co-Founder for Oyster Hub Accountants & Business Advisors. He has a strong passion for working with Real Estate, committed to helping them reach their business, financial, and family goals.
Adarsh and his team of tax accountants, business advisors, and financial brokers are experts in their field and possess extensive knowledge and experience.
Adarsh is an award-winning accountant who recently won the prestigious Australian Accounting Awards as the Chief Financial Officer.
He has been recognised in various industry publications and events for his focus on helping business owners find purpose and balance while managing their businesses.
In a recent campaign by Intuit QuickBooks, he was named “The Wizard of Accounting.”
There is a wizard in every business and we empower small businesses to make a better business to create a difference.
To learn more about Adarsh and his wizardry in accounting, avoid sloth accountants and talk to a real one today!
HOW WE CAN HELP
How Can We Help with Your Real Estate Business
Oyster Hub goes beyond traditional accounting services by offering cloud accounting software solutions that enhance our client’s financial success. Our dedicated team of accountants provides personalised attention and expert guidance, particularly during complicated situations, ensuring seamless integration and utilisation of the cloud accounting software.
Unlock your financial potential with these Cloud Accounting Software Solutions
Are you a start-up business struggling to keep up with your accounting and bookkeeping?
Explore How We Help Real Estate Scale their Business
As you add new properties or expand operations, the complexity of financial transactions increases. A standardised accounting process can help streamline good financial management, allowing you to allocate resources wisely, identify cost-saving opportunities, and optimise operational efficiency. Oyster Hub is an award-winning accounting firm with a perfect one-stop solution for Real Estate like you.
Just like finding the perfect location for a successful real estate investment, our team is here to cater to all your business needs
Are you overwhelmed with the amount of paperwork stacking up on your desk? Do you feel like you’re falling behind or getting chased by ATO for overdue lodgments?
Rescue Catchup
Accounting For Real Estate
Rescue Catchup Accounting is the ultimate accounting solution tailored to meet the unique needs of Real Estate like you. Our streamlined accounting process are tailored to meet your unique business needs, making it easier than ever say goodbye to overwhelming paperwork piling up on your desk and those dreaded ATO chase for overdue lodgments.
We understand the urgency and complexity of managing your financial records and tax compliance. By implementing robust accounting practices, our expert team helps you efficiently allocate resources, present precise financial information, and maintain a high level of transparency throughout your operations.
It’s time to take control of your business and finances – let us help you you on your journey to tax savings and business optimisation.
1. Make A Call
Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.
2. Comprehensive Assessment
Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.
3. Second Opinion Report
Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!
4. Report Walkthrough
We will schedule a 1-hour meeting in-person, via Zoom, or on the phone to go over the Second Opinion Report with you. This is to ensure that you have a clear understanding of the report’s contents, all your questions are answered, and that you fully agree with the next steps to take.
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Accounting & Taxation Services for Real Estate
Prior tax planning in Real Estate can optimise outcomes and avoid unexpected tax liabilities. With tax-efficient strategies, Real Estate companies and agents can save costs, increase cash flow, and achieve overall success in the dynamic and competitive market.
Our comprehensive bookkeeping and accounting services are designed to keep you on top of your financial records. Let us help you lay the groundwork for lasting success.
- Annual Company Tax Returns & Financial for Real Estate
- Preparation of consolidated reporting for Group Entities
- Lodgement of Fringe benefits tax (FBT) reports
- Lodgement of Real Estate Business Activity Statements
- Lodgement of Contractor Reports (TPAR) for Real Estate
Our Tax Refund Review Process is designed to help you navigate the complexities of tax filings, identify potential opportunities for refunds, and ensure compliance with the latest tax regulations.
1. Make A Call
Start your journey to tax savings by giving our team a call. We’ll help you determine if your business is eligible for a Second Opinion, and discuss the information we need from you to complete the review.
2. Comprehensive Assessment
Our team will conduct a thorough analysis of your information to identify any areas that could be improved. We will focus on uncovering opportunities that will save you time, reduce your current year’s tax bill, and enhance the overall business performance.
3. Second Opinion Report
Once our team has completed the review, we’ll create your Second Opinion Report which includes a detailed overview of our findings and recommended solutions. The report is yours, no strings attached!
4. Report Walkthrough
We will schedule a 1-hour meeting in-person, via Zoom, or on the phone to go over the Second Opinion Report with you. This is to ensure that you have a clear understanding of the report’s contents, all your questions are answered, and that you fully agree with the next steps to take.
Feeling lost? here are some related tags to help you navigate!
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Bookkeeping & Payroll Services for Real Estate
Detailed financial records enable real estate professionals to identify potential risks and financial challenges early on, allowing real estate businesses to optimise spending and reduce unnecessary expenditures.
Our team of experienced bookkeepers and accountants use innovative technology to streamline your financial processes and catch any mistakes before they become a problem.
This is how we help Real Estate through Bookkeeping:
- Fixed Fees for Bookkeeping & Payroll
- Cloud Bookkeeping Software
- Receipt Capturing connected to your software
- Dedicated Bookkeeping Expert
Modern bookkeeping software automates tasks like data entry, transaction categorisation, and report generation, freeing up time for real estate professionals to focus on strategic and revenue-generating activities. Additionally, these solutions seamlessly integrate with real estate-specific software such as property management systems and CRM platforms.
How do you know you are using traditional methods for your bookkeeping services:
- You keep collecting all your receipts in a shoebox.
- You manually record all of your business receipts and bank transactions.
- Your bookkeeper doesn’t provide regular updates on your business’s cash flow position.
- You have to follow up on your bookeeper or accountant for business reports.
Whether managing a few properties or a large portfolio, cloud-based accounting can adapt to changing needs. It offers accessibility, cost-effectiveness, security, integration, scalability, and other features that empower real estate professionals with the tools they need to manage their finances efficiently and stay competitive in a dynamic market.
Cloud Accounting Software we Use
Join countless Real Estate who have already discovered the power of financial efficiency with leading cloud accounting software providers: Xero, QuickBooks Online, and MYOB – cloud accounting solutions that bring you streamlined finances, greater control, and informed decision-making.
In Real Estate, bookkeeping and accounting play crucial roles in effectively managing finances. While these two functions might appear similar at first glance, there are distinct differences that set them apart.
Bookkeeping focuses on recording and organising financial data. Accounting is the interpretation and presentation of that data to business owners and investors.
Bookkeeping typically consists of:
- payroll
- invoicing
- receipts and bills
- recording business transactions
Accounting typically consists of:
- financial statements and reports
- budgets
- tax returns
- analysing business performance
By understanding the distinction between bookkeeping and accounting, Real Estate companies and agents can ensure that their financial records are accurately maintained, analyzed, and presented.
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Finance and Lending Solution for Real Estate
In Real Estate, obtaining finance approval can be a challenging process.
Real estate is a capital-intensive industry, and most individuals and businesses involved in it require access to significant amounts of capital to finance property purchases, development projects, or property improvements. Finance and lending solutions bridge the gap between investors, developers, and homebuyers and the funds needed to participate in the real estate market.
We can help you with:
- Low Doc Home Loan Solution for Real Estate
- Commercial Property & Warehouse Finance
- Asset & Equipment Finance for Real Estate
At Oyster Hub, we are dedicated to helping Real Estate companies and agents find their pearls.
Capital is crucial for purchasing properties, funding developments, and covering operating expenses. Instead of tying it all up in a single payment, leverage financing and explore multiple opportunities simultaneously.
Oyster Hub don’t settle for surface-level assistance; instead, we dive deep into your specific requirements, challenges, and goals.
- Assessing Financial Needs: To better understand your financial landscape, our experts will conduct a thorough evaluation of your business and financial statements to determine the amount of funding needed and the best loan options for your specific circumstance.
- Gathering Documentation: We guide you through the process of gathering all the necessary documentation for the loan application. This includes financial statements, tax returns, bank statements, business plans, and any other supporting documents required by the lenders.
- Preparing a Strong Application: Our team assists in preparing a strong loan application that highlights your business’s strengths, financial stability, and growth potential. We ensure that all the relevant information is presented in a clear and compelling manner to enhance your chances of approval.
- Connecting with Lenders: As experienced finance brokers, we have established relationships with a network of lenders specialising in small business loans. We connect you with the right lenders, matching your needs and increasing your chances of securing favourable loan terms.
- Managing the Process: We act as your advocate throughout the loan application process, liaising with lenders, providing necessary updates, and addressing any queries or concerns. Our goal is to make the process as smooth and efficient as possible, saving you time and reducing the stress associated with loan applications.
By following these steps, clients are able to navigate through the loan application process, ensuring that they present a strong case to lenders and improve their chances of obtaining the financing they need towards greater success.
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Tax Planning & Business Structures Setup for Real Estate
Our Tax Planning expertise will give you a strategic advantage, identifying tax-saving opportunities and ensuring full compliance with tax laws. Entrust us with your accounting and bookkeeping tasks, so you can free up your time to redirect on core business activities and strategic planning.
If you find yourself burdened with high tax bills and haven’t reviewed your business structure, you might be missing out on valuable opportunities to minimise your tax affairs.
- Review of your current business structure to minimise tax
- Prepare Tax Planning report for your business
- Implementing Tax Strategies to minimise tax
- Review of Over PAID tax for previous financial years.
Our tax-saving strategies are backed by a promise that if we can’t deliver a refund or a better outcome moving forward, you won’t be charged for our service.
Getting To Know Your Business
By getting to know you and your business, we gain a deeper understanding of your current situation and long-term goals which allows us to develop a tailored plan to help you get where you want to be in the future! Let us walk you through:
- Comprehensive Analysis of your Tax Payments
- Thorough analysis of your past accounting practices
- Outline the steps to take during tax planning and implementation process
Identifying Your Business Goals And Growth Patterns
After our initial consultation, we conduct a comprehensive analysis to identify your future goals and growth patterns.
- Introductory analysis of your business objectives and strategies
- Understanding the factors that led to higher taxes in the past
- Develop a plan to recoup overpaid taxes
- Explore how legal structures can impact your tax liability
- Streamlining your business processes with automation
Prepare Tax Saving Strategies Reports
When we have identified your business and growth patterns, we will provide personalised tax strategy reports outlining your potential tax savings.
- Offer an impartial tax assessment to determine if you’re overpaying
- Provide actionable advice on how to reclaim excess taxes paid
- Proactive tax planning for the future
- In-depth analysis to clarify your situation
Implementing Tax Strategies
Following the delivery of your detailed tax savings report, we’ll schedule a meeting to ensure the smooth implementation of the recommended strategies.:
- Establishing target dates for executing the recommended strategies
- Schedule quarterly reviews to monitor progress
- Identify your financing needs for implementation
Selecting the right business structure profoundly influences real estate taxation, with each option having its pros and cons. The decision hinges on factors like the number of owners, liability considerations, investment goals, and tax planning strategies. With an optimal structure in place, real estate professionals can navigate the tax landscape with confidence and pave the way for financial success in their ventures.
Ready to build a stronger financial future? Book a discovery call now
Looking Under the Hood For Over PAID TAX for Real Estate
If you are a Real Estate company or agent with a turnover under $10m and you feel like you’ve overpaid taxes as a sole trader, company, or trust, our look under the hood solution will suit you.
Discover how our specialised tax services can help you unlock potential tax savings, optimise your business structure, and put more money back into your pocket.
- Review your ATO Lodgements: We will review your past 2 years ATO lodgments to understand why you have PAID high tax while yuer business cashflow may be low.
- Review your business Structure: Creating a budget for the business and implementing cost-saving measures. This also involves forecasting of the business’s cash flow so that the client can make informed financial decisions.
- Review of your Accounting & Bookeeping Process: Providing financial reports that will give insights into the business’s financial health. This may include balance sheets and financial statements.
- Virtual CFO Coaching for Real Estate: Providing financial reports that will give insights into the business’s financial health. This may include balance sheets and financial statements.
Need an expert wizard?
Come and have a chat with our friendly staff about your next big steps.
RESCUE EXPERTS
How to Know That You Need a Rescue Accountant
Get a SECOND rescue opinion for your Small Business for your previous year’s tax returns if you have PAID High Tax Bills.
We find that most business owners are heading toward a business crisis if they identify the following in your business.
Drowning In Paperwork
Low Business Cashflow
Paying High Tax Bills
Accountant is working like a sloth
IMPACT
Is Your Business Creating an IMPACT ?
Small business owners constitutes to approximately 94% of all businesses in Australia. As a business owner, are you making a positive making an IMPACT on the community, for your loved ones, or for yourself? What’s your legacy?
At Oyster Hub, our co-founders share a close working relationship with small business owners like yourself. Our mission is to help you create a business that brings joy, makes a positive impact, and leaves a lasting legacy. This is only possible if you are able to free yourself from from the day-to-day operational tasks. We are here to guide and support you in making a positive impact.
HOW TO WORK WITH US
How our expert Accountants work with Real Estate
Oyster Hub takes pride in our team of expert accountants who are well-versed in the unique financial needs and challenges faced in Real Estate. Our dedicated professionals understand the industry inside out, allowing us to provide tailored financial solutions that drive your business towards success.
Step 1:
Let us delve into your business needs and drive it to success. Schedule your discovery call now.
Step 2
Our team will conduct a thorough analysis to identify the gaps and potential areas for improvement.
Step 3
We are dedicated to providing the support you need so you can focus on doing what you love.
Why Choose Oyster Hub Wizard Accountants?
Managing your business’s finances can be overwhelming. With Oyster Hub, our award-winning accountants can provide expert aid and support to help you expand your business while maintaining complete tax compliance.
When you work with us, you are bound to get the best results. Whether you need help with bookkeeping, tax planning, or financial reporting, we’ve got you covered.
Oysterhub understands the importance of effective communication for successful business operations. Our team of experts is well-versed in cloud technology and proficient in utilizing video conference platforms like Zoom and Microsoft Teams Meetings so you can you can connect and collaborate with us seamlessly from anywhere you are.
Oysterhub does not only take your small business and startup to new heights. We empower every small business owner to unlock their inner wizardry, enabling them to achieve their goals while making a profound social impact in their communities.
Moreover, we are proud advocates of the UN’s Sustainable Development Goals— inspiring our clients to amplifying their value and impact while driving positive change in the world.
Every businesses comes face to face with unique challenges when it comes to managing their accounting, bookkeeping, and finance needs. Our team of experienced professionals go beyond simply crunching numbers and tailor our services accordingly, allowing you to focus on what matters most: driving your small business towards unparalleled growth and scalability.
Sorting out payroll, taxes, and accounts can be an arduous task and could be better spent on completing new projects.
Countless clients have experienced a significant boost in revenue by redirecting their focus back into their core operations while allowing our skilled accountants to handle their financial matters. When you partner with us today, you will experience the difference our expertise can make for your business while providing additional support to fuel your business’s growth.
Clear financial records are the compass that guides successful businesses towards profitability. At Oyster Hub, our experienced accountants specialise in putting your financial records back on track.
In a world brimming with opportunities, we believe that every individual and business possesses a unique Pearl waiting to be discovered.
From managing budgets to optimizing staff resources and closely monitoring your profit and loss, we provide the insights you need to drive your business forward.
Let Oyster Hub be your trusted guide in uncovering the hidden treasures within your business and life. We will focus on finding your pearl so you can enjoy doing the things you love the most.
In the aftermath of the COVID-19 pandemic, numerous business owners find themselves grappling with tax debts, causing significant financial strain. Our expert team is dedicated to surmounting these tax debt hurdles by implementing highly effective strategies tailored to your unique circumstances.
If you find yourself being hounded by the Australian Taxation Office (ATO) and have received distressing correspondence and notices, it is crucial to take immediate action.
Did you know that a staggering 80% of errors in small business finances are directly related to bookkeeping and tax? These mistakes can have a significant impact on your bottom line, leading to penalties, fines, and even potential legal consequences.
Running a business is no easy feat. At Oysterhub, we specialize in helping small businesses regain control of their financials— from struggling with bookkeeping, overdue tax lodgements, mounting ATO debts, and dwindling business cashflow. Our tailored solutions are designed to address your specific needs for regaining control and working towards resolving ATO tax debts.
Get in Touch With Our Team of Professional Tax Accountants Today
Our team is accessible in Penrith, Parramatta, and Blacktown, as well as surrounding areas. We offer a wide range of services with the intention of adding value to your finances.
Our expert team is well-versed in the Real Estate industry to provide customised support that aligns perfectly with your business goals. From strategic financial planning to tax optimisation and cash flow management, we got you covered. Contact us today to get started.
Lets Have A Chat
We focus on relationships with our clients, being available to answer any business, accounting, or tax questions you have.
What People Love About Us
I have never found a more passionate finance broker than Vik and his team at Oysterhub. We were about to lose our house when our business took a down shift. Vik saved us from getting a finance deal approved when banks shut the door at us. It's great to work with people who actually care about people not just profits.
I have never seen someone more passionate tax accountant than Adarsh about wanting to help people save time on their menial processes - makes me wonder the experiences in business he has gone through but I'm not complaining I am thankful for it. He is the only tax accountant who has helped me save an extra 8-10 hours per week on lazy accountant tasks and facilitate in enabling me to put these tasks to more productive areas.
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