Get it right with rental accounting

The property market is certainly hot in Wellington right now with pricing at an all-time high with no sign of abatement. Anyone seeking to invest or review their existing portfolio will no doubt be aware that legislation has / is changed and changing. Picking up an investment property is no longer a simple matter and much needs to be taken into consideration. Clear thinking, a level head and unemotional decisions need to be made, and that’s where Human Accounting excels.

​Decisions Decisions.

The idea that just ‘picking up’ a property for either development or rental purposes to create easy additional income, or a nest-egg for the future, is no longer the simple task it once was. The days of buying a simple bach or crib by the sea for a pittance have long gone. However, that doesn’t mean that good margins cannot be made in the property market, and Human Accounting have all the skills you need to understand obligations and keep one step ahead with your finances.

Adding it Up

There’s a lot to consider when looking at not only the obvious expenses such as taxation of profit, but also insurance, rates, depreciation and a whole list of expenses that you may or may not be aware of. Knowing that your accountant is knowledgeable and informed about current practices will give you peace of mind. In turn you can relax and get on with the job in hand.
Is your accountant fully qualified? So many small businesses claim to be able bookkeepers and ‘number-crunchers’, yet only a qualified charted accountant has invested the time in really understanding the law and regulations that need to be met. Human Accounting carry a wealth of certifications and the right qualifications to get the right results for you.

Reputation

Not only do you need to know that your accountant knows their stuff, but reputation is vital. Have they been audited themselves by Inland Revenue? Regular audits take up time and can be arduous to complete. A qualified chartered accountant such as Human Accounting, with a great reputation ensures a smooth process with government departments

Strong Foundations

Like every building, your investment must also be built on strong foundations. There are many ways an investment can be structured, and Human Accounting understands this may sometimes be complex or confusing. They make it easy and will explain the different options. This will enable you to make a clear decision. Be it a company, body corporate, family trust or something else entirely, Human Accounting knows all.

​Key to Success

Human Accounting has a specialist in property accounting who will help you understand how to gain the most from your investments. The extensive experience and knowledge they have makes the process simple and straightforward. Covering commercial property, rental investment, tax and returns, you can be sure they have it covered.