Zannettou & Co

Insurance Broker Tips for Businesses

Hello Everyone. Proud to share our sit down with insurance expert Aaron Stephenson discussing general tips about business insurances. 

Want to know more about business insurance covers?

Want to know what’s the difference between insurance company and insurance broker?

Then click on this video!

Overview of this video

Insurance Broker: Aaron Stephenson

Aaron Stephenson has been in the insurance industry for approximately 25 years running an organisation called AMGI. AMGI are general insurance specialists with offices in Sydney CBD, Narellan and other locations around Australia. AMGI is part of a national group which gives them plenty of buying power and products available for their clients.

Key considerations that small business should consider when starting up a business.

Incorporated companies should consider workers compensation cover, public liability, business contents, stock or business interruptions depending on the nature of their business.

Business is progressing, when should a business contact their insurance broker about updating their insurance policy?

The client should contact an insurance broker if there are any changes to the business services, the business has increased their contents significantly, stock or any change of products. It will be a good time to contact the insurance broker and review the insurances.

Aaron Stephenson makes a habit of contacting his client every 6 months. To check and see how things are going and at that stage ascertain whether any changes are required for the client.

What are some of the key advantages of using a general insurance broker to liaise with the insurance company to take out their insurance?

The most distinctive advantages of using a general insurance broker is that the broker works on behalf of the client, gives advice, determine the covers required by the client and seek the most available and appropriate insurance covers.

Dealing directly with an insurance company, the company are unable to provide any advice and only offer products the company got available.

What is the process on making a claim?

A client would contact AMGI, the broker will claim with the insurer, return a claim number, help the client complete the form and help the client through the entire process, with the main aim to achieve the best results for the client.

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Macarthur’s Power Team

Hello Everyone. Proud to share Macarthur’s Power Team with our local experts Shaun Pereira, Jean Galloway and Mario Zannettou.

Want to know more about the Macarthur’s Power Team?

Then click on this video!

Overview of this video

Macarthur property power team, please welcome:

Pereira Realty Group : Shaun Pereira

Galloway Conveyancing : Jean Galloway

Zannettou & Co Chartered Accountants: Mario Zannettou

Accountant: Mario Zannettou.

An accountant makes sure the decisions the clients make from a taxation and financial point of view is financially sound whether it be searching for a property if it be your first home or an investment.

Real Estate Agent: Shaun Pereira.

A real estate agent helps find the right property for the clients based on the accountant financial advice provided. The real estate can also assist the client with what to do with their current home whether it be selling their home or leasing their home.

Conveyancer: Jean Galloway

The conveyancer will look at the client property contract, go through the contract with the client and make sure the property the client is purchasing is the right property. If the client has any concerns on what they can do to their property, a conveyancer can liaise with the counsel to find out any concerns the client has on their property. A conveyancer can also assist you with the sales of your property and get your property on the market.

Why do you need Macarthur’s Power Team?

Its easy, to simplify the process. We are your experts here to guide through the process of your property journey.

Please feel free to call us on 1300 794 387 for a free consultation to discuss your property needs or visit our office located in Queen Street, Campbelltown NSW 2560.

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$66 Personal Tax Returns – We Are Taking Bookings Now

Hello Everyone. Tax time is coming up. Offering flexible time to ensure that you get your tax return done at a time that best suits you. Evening appointments are also available, as well as time available on the weekends. If you’re looking at maximising your tax refund at a time that is convenience to you, contact us and we will take care of the rest.

Tax Returns

Zannettou & Co Chartered Accountants located in Campbelltown are here to help you with your tax returns. Taking the appropriate care by asking you all the right questions when you’re doing your tax return to ensure you receive the best possible outcome.

Our prices           Sole trader: $130

                             Personal tax return: $66

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Happy New Year!

Hello Everyone. Hope everyone had a safe and enjoyable Christmas break and wishing you a happy 2018.

Zannettou & Co Chartered Accountants.

We are excited about 2018 and are proud to announce we will be expanding our team due to high demands  in our financial planning and lending services. Thank you for all the support.

We will  be doing regular videos this year so if there is any specific financial topics you would like us to cover please comment below.

We look forward to working with you in 2018.

Feel free to look at our website for the services we can offer you or visit our office located in Queen Street, Campbelltown NSW 2560.

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Commercial Law Tips When Operating A Business

Proud to share my sit down with our local leading expert in commercial law Rahul Lachman to discuss some general topics regarding business law. If you have any questions don’t hesitate to contact our offices or Rahul at Marsdens Law Group

Are you setting up a new business?

Want to learn more about business operations?

Then click on this video!

Overview of this video

Business engagements.

Business owners should engage in the right professionals to give you tailor advice in regards to the circumstance and the industrial in which your business is in.

Business structures.

The right business structure you choose will significantly affect your business’ legal and operational risk, asset protection, tax obligations, legal costs and clientele. Examples of business structures: company, partnership, trusts and sole trader.

Employment contracts.

Hiring employees: It is important to seek legal advice and ensure the employee contract is written and detailed.

Legally binding contracts.

Legally binding contracts for buying goods and services or buying and selling. It will be beneficial for anyone to enter into a contract to know the duration, liabilities, indemnities, other rights and obligations under the contract for goods and services or buying and selling.

Business expansion.

Expansion of businesses are common, the product business brand and line should be protected. To protect the product business brand and line will require registration with trademarks in Australia. This will allow the exclusive rights to use the trademark within Australia.

Business mistakes.

Mistakes may occur in a business due to wrong business structure, not having things in writing or agreements in place and not obtaining professional legal and financial advice.  It is always beneficial to talk to a professional such as your lawyer, accountant, insurance brokers, financial planner and others in regards to your business. It’s all about asset protection, tax and risk minimisation.

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Conveyancing Tips When Investing In Property

Hello Everyone. Proud to share our sit down with conveyancing expert Jean Galloway discussing general tips about investing in property. 

Want to know more about purchasing a property whether it be for investing or residential?

Then click on this video!

Overview of this video

What is a conveyancer role?

A conveyancer is an expert specialist in the property market with a license to do legal work such as preparing documents, giving legal advice on contracts and explaining the implications.

Growth in Macarthur property market.

The growth in the Macarthur region suburbs including Airds, Blairmount, Bradbury, Campbelltown, Catherine Field, Claymore, Currans Hill, Denham Court, Glen Alpine, Gilead, Harrington Park, Ingleburn, Leppington, Leumeah, Menangle Park, Minto, Oran Park, Raby, Rosemedow, St. Andrews, St. Helens Park and Wedderburn has risen and many investors are here to maximise rental income by buying an older house and building a granny flat (making it a dual dwelling property).

What should you consider when investing in a property?

Consider engaging in the right professionals before investing in a property. Professionals such as your accountant, financial planner, and mortgage broker could help with your investment repayments, other unexpected payments required, tax obligations and much more.

Conveyancing Changes.

As of 1st July 2018 electronic settlements will be compulsory in all matters settling in NSW. This will be a more efficient approach and prevents problems that can occur during the settlement.

Found the right property, what’s next?

Once the client finds the property they’re going to purchase and spoken their accountant, broker and real estate agent. The client may consider contacting a conveyancer. A conveyancer can help provide reports such as pest or building and view the contract to find any discrepancies that might affect your plans for the property.

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Macarthur Region Property Investment

Hello Everyone. Proud to share our sit down with real estate expert Shaun Pereira discussing general tips about investing in property in the Macarthur region. 

Interested in property investment?

Want to know more about the Macarthur region property investment growth?

Then click on this video!

Overview of this video

Macarthur Region – Property Investment.

The Macarthur region suburbs include Airds, Blairmount, Bradbury, Campbelltown, Catherine Field, Claymore, Currans Hill, Denham Court, Glen Alpine, Gilead, Harrington Park, Ingleburn, Leppington, Leumeah, Menangle Park, Minto, Oran Park, Raby, Rosemeadow, St. Andrews, St. Helens Park and Wedderburn is currently booming with enquiries from people who are looking to buy properties in this location. The value for rental yield is estimated at 3.9 – 4.2% on properties.

Who should you contact if you’re interested in property investment?

It would be best to contact an accountant, mortgage broker and real estate who are professionals in their field and can help you with your property investment needs.

The Macarthur region property investment: Top 3 recommendations by Shaun Pereira.

Suburbs such as St Andrews, Raby and Eagle Vale are properties that can potential receive a higher rental income as there is potential of making the property a dwelling property i.e. building a granny flat turning 1 rental income into 2 rental incomes.

Making money out of the rental market.

The demand for the rental market is popular and there is a potential to receive great returns with investing in property.

Purchasing a property with a real estate agent expert.

Once the client spoken to the mortgage broker, accountant and got their preapproval. Seeking a real estate expert who helps to find out what property you’re after, the style you like, the suburb you’re after and have a plan with the best options that suits you can benefit you. 

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Why your Accountant and Mortgage Broker should work together?

Hello Everyone. Proud to share our sit down with finance broker Michael James from the loan market discussing why your accountant and mortgage broker should work together.

Cant decide if you want your accountant and mortgage broker to work together?

Then click on this video!

Overview of this video

Mortgage (Finance) Broker: Michael James.

Michael is a finance broker with loan market who assist clients to obtain finance that may include commercial loans, residential loans, assets and equipment finance.

Working with Zannettou & Co Chartered Accountants.

Zannettou & Co Chartered Accountants located in Campbelltown, servicing the Macarthur region are professionals who are here to help our clients with their needs and reaching their goals.

Regulations for Lending.

Over the years, the government has introduced a range of regulations. The changes may affect the clients borrowing capacity as well as there is eligibility.

Eligibility for Lending.

Lenders look at various type of income when assessing a loan. The way an accountant prepares the client information to the broker is the difference between clients obtaining finance or even obtaining the amount of finance they might require.

How to find the right loan using a mortgage broker?

Brokers have a lending panel of over 30 different banks and lending institutions. This enables the broker to draw upon all the different credit policies that all those banks have and matching the client to the right loan that would allow them to maximise their borrowing potential and making sure that they’re eligible for the loan that they’re applying for.

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Managing Tax Debts

I recently engaged a client who was in debt with the Australian Taxation Office. The advice provided by their previous accountant was to take out a mortgage against their home to pay off the entire existing tax debt. The client trusting their former accountant followed the advise and took out a loan against their home to finalise the debt. The problem was the client was now starting to go backwards again with their taxation debt and contacted me to obtain a second opinion.

When I reviewed the client situation the previous accountant had not investigated other alternatives nor had approached the tax office regarding what arrangements could be organised regarding a payment plan for the debt. The loan the client had obtained was also not the best product on the market due to the rushed nature of the transaction. To compound the frustration the previous accountant had charged for his time to provide this advice.

Outcome

Following my review the client and I put in place cash flow management tools as well as organised a payment arrangement with the tax office with the new taxation debt that was starting to arise. The client has also since refinanced the loan to a better loan product through a trusted referral partner that will also save the client money.

If you have a tax debt or feel you are going backwards with the tax office or with your current accountant don’t hesitate to get in touch with us to discuss how you can start moving forward.