Box Advisory Services

Property Tax Accounting

Our team of property accountants can advise you on all matters in tax when it comes to purchasing, selling and income tax on your investment property.

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Investment Property Tax Return

When lodging your investment property tax return, you must ensure that you declare all income you have received and the expenses you have incurred with your investment property.

It’s important that you collate all your investment property records. If you use a property manager, you will receive an annual tax statement detailing all income and expenses.

Investment property income may include:

  • Rent received from tenants
  • Rental bond returns
  • Insurance payouts

Investment Property Tax Deductions

Immediate investment property tax deductions can generally claim for expenses concerning the maintenance and management of your property, including interest on loans.

Below are some examples of tax deductions you can claim on your investment property:

  • Advertising for tenants
  • Body corporate/strata fees
  • Council rates
  • Utilities
  • Insurance
  • Interest on loans
  • Legal expenses
  • Pest control
  • Repairs and maintenance (through depreciation)
  • Accounting fees
  • Gardening and lawn mowing
  • Bank charges
  • Property agent fees and commission
  • Cleaning
  • Quantity surveyor’s fees
  • Postage
  • Telephone charges
  • Capital works and improvements (through depreciation)
  • Land tax

Often, you may negatively gear your property if your expenses exceed your income on the property.

Box Advisory Services Property Tax Accounting

Box Advisory Services are property tax specialists focused on property tax accounting. With the help of Box Advisory Services, we can:

  • Afford better asset protection by assisting you in effectively structuring your investment portfolio
  • Improve cash flow on your investment property by claiming various tax deductions on expenses
  • Legally reduce tax liability with your investment properties
  • Claim on all tax deductions that you are legally permitted to
  • Gain access to our finance network to receive the lowest interest rates available
  • Help develop a future investment property strategy

At Box Advisory Services, we aim to maximise your investment property claims as well as protecting your wealth. By appropriately structuring your business, it can have significant benefits in asset protection and reducing your tax liability.

With over 13 years’ experience in property tax accounting, we have developed many bespoke strategies for our clients to benefit them and future-proof their investments in the years to come.

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Frequently Asked Questions

You can either lodge your company tax return directly with the ATO or with a registered tax accountant. Registered tax agents and BAS agents are authorised by the Tax Practitioners Board to prepare and lodge tax returns on behalf of their clients. 

Using a tax professional can help ensure your company tax return is accurately prepared and lodged on time. Tax agents have a thorough understanding of tax planning and can advise on how to maximise your return.

If you are submitting your company tax return directly to the ATO without any prior year returns overdue, then the due date for all 30 June balancing companies is 28 February or 15 May the following year. However, it is important to note that failure to lodge on time can result in penalties from the ATO.

If you have prior year returns overdue, then the due date will be 31 October of the same year. The ATO requires company tax returns to be lodged in a timely manner and will impose late lodgement penalties if deadlines are not met.

Lodgements with registered tax agents with good on-time lodgement track records are offered later company tax return lodgement dates than the initial deadline. Using a professional tax agent can provide more time to prepare your company tax return accurately.

Box Advisory Services are registered tax accountants (Registration: 25452828) with over 13 years of company tax return experience.

Our expert team stays up to date on the latest tax laws and ATO requirements, ensuring your company tax return is prepared correctly and on time.

We offer our clients a special lodgement program arranged with the ATO that affords a later company tax return due date. This provides extra time to gather information and review your company tax return while avoiding late lodgement penalties.

With decades of combined experience, our tax accountants can uncover tax deductions and strategies to minimise your tax liability within the law. We provide personalised tax planning and advice tailored to your unique business situation.

Level Up Your Knowledge Further

  • Long Service Levy NSW – What Does It All Mean?

  • The Due Date for BAS Statements in Australia

  • Understanding the Company Tax Rate in Australia

  • Pty Ltd Meaning & Benefits: What You Need to Know

  • What Happens During an ATO Audit?

  • How Much Tax Will I Get Back? Estimate Your Tax Return for EOFY

Trusted by 10,000 Australian business owners

“A big thanks to Davie and the team for making the transition so easy.”

I run a small contracting business and have started using Boxas for my company and personal accounting. A big thanks to Davie and the team for making the transition so easy. Sean Yee in particular has been incredibly helpful starting from the first Zoom meeting we had. I've been very impressed with Sean's ability and willingness to help. 2
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Edgar P

“I couldn’t be happier with the results. Five stars, hands down!”

I highly recommend Box Advisory Services to anyone looking for top-notch accounting services for their business. The team of at Box are genuinely outstanding, providing personalised and expert advice at every turn. Their approach to accounting is a game changer, making it easy for anyone to engage and understand the numbers behind their business. The level of care and attention I received was exceptional, and I couldn't be happier with the results. Five stars, hands down.
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Michael Dean

“Sean, Davie, Molly and team have all been incredible!”

Sean, Davie, Molly and team have all been incredible! I signed up with Box Advisory Services 4 months ago and I can honestly say that it was one of the best business decisions I have made for my construction business. Their knowledge combined with their customer service are second to none. I would highly recommend them to anyone that is looking for an accountant.
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Patrick

“Very approachable and knowledgeable. Highly recommended!”

I found Box Advisory Services from their director Davie Mach's YouTube channel which provides lots of valuable information on taxation for business owners like me. Have been engaging with them for a year. Very happy about their professional advice especially from Mr Sean Yee who is very approachable and knowledgeable. Highly recommended.
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Owen C

“I cannot recommend Davie and his team highly enough”

I cannot recommend Davie and his team highly enough. From the moment we started working together, their approachability, dedication, and expertise were evident. They've demystified complex accounting issues, offering solutions that are both practical and efficient. Their friendly and helpful service truly stands out. For anyone looking for reliable and knowledgeable accounting support, Davie and his team are the go-to professionals!
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Alex Ip

“Will definately be using Box Advisory services again!”

Had the pleasure of having a consultation with Sean Yee and it was pleasant to know after many different consultants and advisors that Sean was able to provide honest and truthful feedback above and beyond our expectations. Will definately be using Box Advisory services again
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Nicholas Lao

“Exceeded my expectations!”

I have had the pleasure of working with Davie Mach as my accountant and I must say, he has exceeded my expectations. His professionalism and attention to detail have made the financial aspect of my business seamless and stress-free. Davie always goes above and beyond to ensure that I understand all of my financial statements and makes sure that I am fully informed of any important financial decisions that need to be made. He is always available to answer any questions I have and provides clear concise advice. I highly recommend Davie to anyone looking for an exceptional accountant who truly cares about their client's success.
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Rami Alcheik

“Highly recommend Box Advisory Services”

Box Advisory Services really understands how small business work and operate. Davie is a very professional accountant and one of the best in the game. He made accounting easy to understand and I trust him to handle all my businesses. Highly recommend Box Advisory Services for anyone who looking to grow their business.
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Paul Lin

“Davie and the Box Advisory team are incredible!!!”

Davie has helped me from feeling totally out of control with my personal financing no more than a year ago to getting everything in order for me to purchase a property this year. He has taught me so much and always has my best interest at heart!! It's great having him helping me with my personal finances and for my small business! Couldn't recommend this team more highly!
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Barton Tanner

“I would definitely recommend their services!”

I have just signed up with Box advisory services accountants and am very happy with their services. Sean Yee is very responsive and knowledgeable. He's very patient and has an awesome insight in accounts, software and financial statements. He is always happy to help me when I need help. His advice is helpful and meets you where you are in terms of sophistication. He simplifies everything so I am able to understand and goes the extra mile to make sure I understand. I would definitely recommend their services!
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