The PRWIRE Press Releases https:// 2019-05-22T22:00:09Z Credit Scores Financial Management Advice Chartered Accountants Sydney NSW Investor Investment Specialists 2019-05-22T22:00:09Z credit-scores-financial-management-advice-chartered-accountants-sydney-nsw-investor-investment-specialists Most Australians Don't Know Their Credit Score TLK partners financial planner Matthew Mousa has voiced his concern over figures suggesting that only one in three Australians know their credit score. And, according to Mousa, the worst part is that of the two out of three that don’t, many don’t understand what it is, why they should know it or are too scared to find out. Complicating the issue still further, according to Mousa, is that a large number do not even realise what the score means as far as dealing with financial institutions goes, especially when applying for financing or loans. Why a Credit Score is Important “It’s not the only factor taken into account, but for those looking to finance a house or a car, or open a credit card, their credit score may play a role in whether they succeed or fail,” Mousa said. He added that the higher the score is on the measured bracket between zero and 1200, the better. It could bolster the chances of success when looking for credit, or a home or car loan. And it doesn’t stop there. Opening accounts with communication and utility providers as well as retail businesses may also be affected by the score. Credit scores are not like straight A’s on a school report which results in prizes for achievement. But although Australian financial institutions are not as quick to do so as those in the US; a top score may provide a better deal with lower interest rates and monthly payments resulting in significant savings in the long term. And on the flip side, Mousa warns a low credit score could not only result in a declined loan application but also cause the credit score to drop still further, increasing the difficulty in applying for loans elsewhere. But the good news, he says, is that credit scores can be changed. RELATED ARTICLE: Property Tax Wealth Advice Accountants Kingsgrove Sydney by Expert Matthew Mousa TLK Partners How to Up Credit Scores and Improve Reports Mousa dismisses the urban legend that checking the score regularly might lower it. Instead, he recommends that it is checked regularly to keep up to date on where it stands. Australians also have the right to access their credit report, on which the score is based, once a year free of charge. This lets them make any necessary changes necessary, like correcting any incorrect information on the report, or adjusting how they service their debt. The list of must-do actions to push up the score includes prioritising the biggest loans, but not at the expense of other monthly loan or account repayments. All, both big and small, must be repaid with the required amount, and it must be done on time. Paying more is even better, as bringing down the outstanding balance will reduce your debt to credit ratio, a plus as far as credit ratings are concerned. What to Do When There's No Score Those without a credit score can build a credit history by opening a credit card and making the necessary payments regularly. However, opening too many can be read as showing an over-dependence on debt and will almost certainly knock the score down a notch or two. Mousa said it was strange that most Australians seemed to know little about dealing with credit and its scores because many rely on credit. The country’s close on 25 million inhabitants (2018) has nearly 16 million credit cards in circulation and 37.5 million debit cards. And one in three Australian home-owners have mortgages. RELATED ARTICLE: Renovations Help you Up the Rent Says TLK Partners Property Expert Matthew Mousa TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Investor and Property Acquisition Tax Investment Specialists TLK Partners Sydney 2019-05-19T22:00:28Z investor-and-property-acquisition-tax-investment-specialists-tlk-partners-sydney Does Cash Rule When Buying Investment Property? When considering how to pay for an investment property a number of factors have to be taken into account. One of the toughest is deciding whether to pay in cash or take out a loan or mortgage to fund it. According to TLK partner Matthew Mousa in Sydney, it’s very much a case of choosing which hat fits best for achieving the long term goal behind the property investment, will be most comfortable in the long-term, and keep its shape whatever the weather. When the Numbers Count Choosing the wrong payment could prove disastrous for any of those 1 in 10 Australians who own investment properties. But it is especially tough on three out of four, or close on 75%, of those investors, who own only one. These include young Australians trying to get a foot in the property ownership door while renting elsewhere. But mostly they are made up of mothers and fathers looking to build a retirement nest egg, and who choose (or can only afford) to put all their eggs in a single investment property basket. Their savings and financial futures are tied up in this one-time purchase, and its failure as an investment could be disastrous. RELATED ARTICLE: NSW CGT Chartered Property Tax Investor Accountant TLK Partners Kingsgrove Sydney The When’s and Why’s of Paying Cash Those that pay cash face less stress should the rental market experience a downturn, there’s a recession, or the investor has a minor cash flow hiccup. With a fully paid and operating rental property, there’s always the security of a rental income, even if it has dropped due to these outside forces. Full ownership also keeps open the option to live in it, or the choice to sell it to raise capital. And, best of all there is no need to pay loan or mortgage repayments when the cash flow is taking a knock. Cash also talks loudly when it comes to buying the property in the first place, improving chances of finalising a deal quickly, and getting a bargain in the process. And it cuts down on the frustrations and time involved in negotiating a mortgage or loan. However, Mousa warns that paying cash for the property carries huge risks. It only works if the investor is able to pay for it and still have a large enough left over balance, to maintain the property, pay the necessary levies and taxes, ride the ups and downs in the rental sector, and cover other unexpected expenses such as those spells when the rental stands empty. RELATED ARTICLE: Property Tax Wealth Advice Accountants Kingsgrove Sydney by Expert Matthew Mousa TLK Partners When Mortgages And Loans Fit Best While there can be no choice but mortgages and full or partial loans when an investor does not have access to the amount of cash needed to pay the full purchase price. But they can also be the best choice when the balance after the cash purchase would not be high enough to cover all contingencies. But mortgages and loans have other advantages. They maintain asset liquidity, allowing access to assets when needed, and removing the need to raise a home equity loan against the property during tough times. And they also provide financial leverage because, should the property’s value rise, the return on investment is higher. This is because the increase in value is measured against the amount of cash invested as a deposit, rather than the much larger investment made when an investor paid the full purchase price in cash. Mousa points out that when it comes to choosing to finance for a long term investment like property, it can prove to be both time-consuming and frustrating. The pros and cons, and expert advice such as that provided by TLK Partners' property acquisition division, need to be taken into account before an investor, and particularly a first-time one, makes a decision. RELATED ARTICLE: Investment Property Acquisition CGT Tax Expert Matthew Mousa of TLK Partners Kingsgrove Sydney TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Property Investors Split Income Advice Chartered Accountants Sydney NSW Are Investor and Property Acquisition Investment Specialists 2019-05-19T22:00:12Z property-investors-split-income-advice-chartered-accountants-sydney-nsw-are-investor-and-property-acquisition-investment-specialists Property co-owners and the income split When two or more investors own a rental property together, whether it is rented out all year round or only part-time, the division of rental income is defined by the legal interest that each owner has in the property. Property acquisition and tax expert Matthew Mousa of TLK Partners explains the two different categories this legal interest fall under. Is the legal interest as joint tenants or tenants in common? Co-owners who are Joint Tenants divide the income and expenses related to that property on an equal 50/50 basis. The interesting point to note here is that division of income and expenses in terms of legal interest overrides any verbal or written agreement that the two owners may have. “It is irrelevant if one is earning more than the other and would like to incur fewer taxes by claiming a greater proportion of the rental loss,” Matthew explains. “The division must be in terms of legal interest.” Co-owners who own the rental property as Tenants in Common may have an unequal legal interest in the property, for example, a 30%/70% split. “If this is the case, you would then divide the income and expenses related to the property in terms of your legal interest, in this case, 30% and 70%, again regardless of any other agreement you might have made with the other owner.” Anyone unsure of whether they fall into the category of Joint Tenant or a Tenant in Common should reference the title deed to clear up the matter. RELATED ARTICLE: Private Investors Property Income Has Tax Implications Says TLK Partners Expert Matthew Mousa When is an investor considered to be running a rental property business? Matthew explains that the tax man considers someone to be an investor who is not necessarily engaged in a rental property business, as long as the person doesn’t spend an inordinate amount of time engaged in rental property activities, doesn’t co-own very many properties, and doesn’t derive their income exclusively from the rental property. If someone is deemed to be in the rental property business, the agreement between the partners takes precedence over the legal interest in the properties. The income and expenses associated with the business must be divided in terms of the partnership agreement. RELATED ARTICLE: Superannuation Tax Estate Planning Private Wealth Financial Planning Sydney TLK Partners "Investor's trust TLK Partners to advise them of the best legal structures to maximise their return on investment," Matthew concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Financial Expert Thomas Mousa Says Election Outcome A Win for Business 2019-05-18T22:21:47Z financial-expert-thomas-mousa-says-election-outcome-a-win-for-business Morrison Answers Business Owners Prayers NLP leader and devout Christian, Scott Morrison, had his prayers answered last night in an election victory of biblical proportions. The shock win has been described as a ‘miracle’ by Australian political commentators, which saw the NLP defy the polls with major swings in Queensland and Tasmania ending opposition leader, Bill Shortens, political career. “I believe in miracles,” Morrison said in his victory speech. While the win may not appear to be in the same league as ‘David and Goliath’ or ‘Noah’s flood’, but for the majority of Australians and business owners, it just may be. We asked financial expert Thomas Mousa, director and partner of Sydney based TLK Partners, to comment on the effects of the NLP’s win for businesses. The NLP’s primary election policy was tax cuts. Tax cuts will provide tax breaks for more than 10 million Australians and simplify the system by removing the 37 per cent tax bracket entirely. “The implication for business is simple, lower PAYG tax implications as the tax brackets are adjusted,” Mousa said. The measures will cost the Treasury $158 billion over 10 years. “From July 2022, the government will raise the 19 per cent tax bracket from $37,000 to $45,000 and from July 2024, the plan is it will reduce the 32.5 per cent rate to 30 per cent and do away with the 37 per cent rate,” Mousa says. “Ultimately, this will make a flat 30 per cent tax rate for anyone earning between $45,000 and $200,000, which is a much-simplified tax system,” Mousa stated. The NLP’s simulations demonstrate a worker earning $200,000 a year will get a tax cut worth $11,640 compared with $1205 for someone earning $50,000 a year. Either way, the outcome for businesses is a win for cash flow. RELATED: TLK Partners Kingsgrove Aged Care, Financial Assets Specialists and Wills Retirement Experts Explains Estate Planning in Sydney Another key election promise of the returning government for business is an Instant asset write-off. Businesses with revenue greater than $50 million can write-off assets against their taxable income. Previously, businesses with revenue greater than $10 million were excluded from the scheme. The NLP has also increased the threshold from $20,000 to $25,000. Medium businesses stand to benefit more from the new expanded instant asset write-off than their smaller counterparts who are required to elect to use simplified depreciation to access the write-off. Mousa comments, “This is great for medium-sized business, however, a small business entity that does not elect to use simplified depreciation may be excluded from accessing the instant asset write-off both under the small business and medium-sized business definitions.” “A more beneficial change for small business owners would perhaps have been to extend the instant asset write-off to all small business entities irrespective of whether they elected to use simplified depreciation for small business or not,” Mousa says. RELATED: TLK Partners Sydney, NSW Aged Care and Financial Income Protection Expert Delivers Investors Tax Wealth Clients Warning to Australian Investors "Business owners trust TLK Partners to steer them in the right direction and to assist them in maximising their business assets," Mousa concludes. Political pundits are praying that Scott Morrison, having now won the vote of Australians in his own right, will have a period of political stability as Morrison is the seventh Australian Prime Minister in 11 years. And the people said, "Amen." TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Advisersare financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, and it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Property Tax Admin Deductible Accountants Sydney NSW Are Investor and Property Acquisition Investment Specialists 2019-05-18T22:00:56Z property-tax-admin-deductible-accountants-sydney-nsw-are-investor-and-property-acquisition-investment-specialists Property Tax: What admin fees can be claimed? Continuing its focus on immediately deductible expenses with regard to rental properties and tax, Matthew Mousa, tax expert and partner at TLK Partners in Sydney, takes a closer look at some of the administrative expenses rental owners can deduct immediately. RELATED ARTICLE: How Part-Year Rentals Affect Property Investors Tax Claims Says TLK Partners Expert Matthew Mousa Corporate body fees and charges Matthew explains that body corporate fees and charges are normally split into two different categories i.e. fees for day to day administrationas well as a general purpose sinking fund, and maintenance and contributions to a special purpose fund. “Rental property owners are allowed to claim for fees used by the body corporate to administer and maintain the rental property, as they can reasonably be considered legitimate expenses in maintaining the rental property and improving the generation of rental income,” Matthew says. Likewise, contributions to a general purpose sinking fund are permitted, as the general purpose sinking fund is used by the body corporate to fund maintenance of a capital nature of the common property. Examples of this use would be the repainting of the common property. However, contributions to a special purpose fund, generally assumed to be used for additions and renovations to the common property of a capital nature, are not claimable as deductions, Matthew warns. “In this case, owners would only be able to claim contributions to this fund under the capital building works regulations according to which deductions are usually spread over a period of several years.” Lease document expenses Costs incurred during the preparation, registration and stamp duty on a lease agreement are deductible in relation to the use of the rental property for rental income. This also applies to the surrender of a lease in areas of Australia where most property is held from the crown on a 99-year leasehold. Property agent’s fees and commissions Owners of rental properties are allowed to claim any fees and commissions charged by a rental property agent or manager for the management and inspection of the property, and for the collection of rent on their behalf. They are not, however, allowed to claim for expenses charged by an agent for the acquisition or sale of the rental property. "As stated earlier, all these expenses are viewed as immediate, and owners are allowed to claim them in the year they were incurred," Matthew concludes. RELATED ARTICLE: Impact Of ALP Tax Change Proposals By Aged Care, Estate Planning and Private Wealth Management Accountant Financial Expert Thomas Mousa of TLK Partners In Sydney TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Property Tax Deductible Accountants Sydney NSW Are Investor and Property Acquisition Investment Specialists 2019-05-17T22:00:10Z property-tax-deductible-accountants-sydney-nsw-are-investor-and-property-acquisition-investment-specialists Property Investor Advice: Interest, Land Tax and Other Deductibles In examining immediate deductions associated with rental properties, TLK Partner and property acquisition tax expert Matthew Mousa takes a closer look at certain areas like interest, council rates, land tax, legal expenses, tax-related expenses and mortgage discharge expenses. Interest on loans The interest charged on a loan raised to acquire an investment rental property is deductible. If, however, the owner changes his mind and decide to use the property for personal use, they can only deduct the interest charged on the loan until their intention for the property changed. “As long as the property is rented, or available for rent, you can also claim the interest on loans used to purchase depreciating assets, repairs and renovations,” Matthew clarifies. “The deduction applies from the time you take out the loan, even if you use the loan to finance major renovations on a property you intend to rent out to tenants when the renovations are complete.” As of 1 July 2019, Australian investors will lose the right to claim all expenses, including interest, associated with the holding of land intended for income producing assessable future income. "It's referred to as an 'integrity measure’ to be introduced to wipe out fraud, whereby investors had been claiming the deduction of interest on land that had not ultimately been used by that investor as an income-producing asset," Matthew explains. However, most banks in Australia offer loans that can be used to buy a rentable property and, at the same time, get a new car. In this scenario, he says, property owners may only deduct the proportion of the interest on the loan used to buy the property - the interest charged for the section of the loan used for buying the car may not be deducted. RELATED ARTICLE: CGT TAX Accountants Sydney NSW Are Investor and Property Acquisition Investment Specialists Land tax The critical thing about land tax deductions involves the time-period for which the owner is liable for it. “This is not dependent on when you submitted a return, or when the tax office issued an assessment. Instead, it involves a strict relationship between what tax year the liability occurred in, and what year’s rental income it can be deducted against. These two must match completely,” Matthew says. The timing of land tax liability differs from state to state. In many states, the liability is for the period during which the owner used the property to generate rental income. “A land tax assessment can be made, and an arrears land tax assessment issued, but this might not be done in the same year during which you were renting the property out to tenants,” Matthew explains. If an owner receives an arrears land tax assessment and pays the arrears, the land tax deduction must be against the rental income for the same year the arrears tax assessment in which it refers. So if the arrears assessment refers to rental income earned in 2017, an owner can only deduct it against that year’s income, even if the assessment was only issued, and paid, during 2019. If the investor sells the property, and there is a land tax adjustment, the owner will need to declare the amount they get back as an income for the year in which this pay-out is received. Legal expenses Matthew says, legal expenses are deductible for the costs incurred for evicting a non-paying tenant; the legal fees for court action for loss of rental income; and defending damages claims for injuries to a third party incurred on a rental property. Other legal expenses relating to the purchase or sale of the property and defence of a title deed, are deemed of a capital nature and so are not deductible. Mortgage discharge expenses Mortgage discharge expenses generally involve penalty interest payments for discharging, or paying off, the mortgage early. This penalty interest is deductible if a mortgage secured the money loaned to purchase the rental income property, and the owner’s ability to pay the mortgage off would be affected by the inclusion of penalty payment for doing so. Matthew says, "The mortgage discharge expense is also deductible if the penalty interest payment was made to free the taxpayer of having to continue to pay interest on the loan." RELATED ARTICLE: Sydney Aged Care Property Acquisition Tax Expert Explains Why Property Owners Claim On Borrowing Expenses Matthew Mousa of TLK Partners Sydney "Investors must maximise their investment portfolio, and the best way to do that is by leveraging legal taxation deductibles, that is our daily occupation," Matthew concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Property Acquisition Investor Aged Care Investment Financial Planners Sydney NSW 2019-05-17T06:56:08Z property-acquisition-investor-aged-care-investment-financial-planners-sydney-nsw How to Make your Investment Property Work For You Traditional property investment may hinge on the long-term returns it brings in terms of capital growth. But for many Australian investment property owners, the short term returns provided by rental properties are their reason for buying the property. They don't have the time or money to wait for the property value to grow and provide capital gains. But for a rental to be successful, and that rental income to flow, the property has to be operational and occupied as soon as possible, says Matthew Mousa, TLKPartners’ financial and property acquisitionadviser. Why Australians Invest in Property Investment properties account for more than a quarter (or 2.6 million) of Australian dwellings, and most are individual investments. The owners' reasons for investing in the first place are varied. But the most common one according to close on 80% of 1,000 survey respondents was, “I want to set myself up financially for the future”. Other popular responses claimed it was more beneficial than shares, tax benefits, retirement preparation, and negative gearing, in that order. A far smaller 33% cited capital gains as the reason for investment. Yet more than half their owners are claiming losses on their tax returns. RELATED ARTICLE: Millennials Investment Property Advisor Chartered Accountant TLK Partners Kingsgrove Sydney Open for Business Immediately Mousa says that tenants are the lifeblood of property investment, and determine its success or failure. However, many first time investors seemed to be unaware of the urgency to get the property running and occupied. Instead, they are spending too much time (and money) on unnecessary renovations and touch-ups or beautifying the premises in the belief that this is necessary to attract the right tenant. Instead, Mousa says the most crucial requirement is that the property is available, it's in good condition, and it is clean, safe and functional. Unnecessary extras and frills are unlikely to push up the rent, and may even be a deterrent should potential tenants not feel at home with the style. He says the vacancy rate in the area largely controls the rental rate and advertising spend, and the number of tenants looking for a home. And the type of tenant a property attracts is mostly governed by its location. Unless a low vacancy rate replaces choice with desperation, tenants will opt for rentals in areas which provide security, ease of access, and convenience. Students will look for a place close to the university, and office workers will want the shortest commute to work. Families, on the other hand, will probably opt for a house close to schools, shopping centres and hospitals. RELATED ARTICLE: Impact Of ALP Tax Change Proposals By Aged Care, Estate Planning and Private Wealth Management Accountant Financial Expert Thomas Mousa of TLK Partners In Sydney Keeping the Property Working Post-occupation maintenance of the property is vital, according to Mousa, both for the owner and the tenant. If maintenance is handled correctly and timeously, it can encourage good tenants to stay long-term and provide a stable rental stream, instead of packing their bags and leaving which could result in a break in the income flow until another tenant is found. And proper maintenance will not only keep the property in shape and the tenant happy, but it will prevent its market value from sliding down. For maintenance to be kept up to date, a capital budget is needed, preferably amounting to about 5% of the annual rental income. This is to cover the costs of small projects like replacing blinds, gutters, smoke alarms and so on, as well as bigger ones that arise less regularly, like a bathroom or kitchen, refurbishment, painting the property, or replacing an appliance like a stove or fridge. RELATED ARTICLE: Private Investors Property Income Has Tax Implications Says TLK Partners Expert Matthew Mousa Think Long Term Finding the right tenant, one who pays the rent regularly and on time, who keeps your property clean, and doesn’t cause a nuisance, may seem like a dream come true for a property investor. But keeping one is even more important, says Mousa. Making the tenancy work for the owner involves having the right background checks and systems in place when choosing a tenant, so as to protect the rental business and income. Making it work for the tenant calls for the owner to provide them with a comfortable home on a well-maintained property, be consistent and professional, charge a market-related rent with reasonable increases, and attach fair terms and conditions. "Property investors trust TLK Partners to steer them in the right direction and to assist them in maximising their return on investment," Mousa concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Advisersare financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, and it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Millennials Investment Property Advisor Chartered Accountant TLK Partners Kingsgrove Sydney 2019-05-15T22:00:58Z millennials-investment-property-advisor-chartered-accountant-tlk-partners-kingsgrove-sydney Rent or buy? Australian Millennials Face Tough Property Choice Millennials born into an Australia regarded as a country of home-owners, picket fences, and 20 to 40 employment tenure, have found themselves in a quandary when deciding whether to follow in their parents’ footsteps into home ownership. But TLK Partners’ wealth planning adviser Matthew Mousa, says a growing number of millennials are starting to realise they can mix the best of the old and the new by taking an “investment now, home later” approach to buying a property and getting someone else to help pay their way by renting it. Struggling to Keep Up With the Pace Now in their early 20s to late 30s, the millennials born in the dying decades of the 20th Century have found their lives, like the world they live in, changing at a pace that has affected where they live and how long they will live there. Caught in a 21stCentury world of bills, insecure job markets, soaring property prices and the growing need for larger mortgages and bigger deposits, increasing numbers have abandoned the previous generation’s dreams of long-service watches and lives spent in one place. Instead, they chose to follow (and live close to) the money, no matter where it took them, and how often it did so. And they stuck to that decision even when it meant becoming permanent renters. Mousa said this led to a ‘deal with it tomorrow attitude’ to long-term wealth planning in general, and housing in particular. However, according to the NSW wealth planner, millennials are now warming to the idea that they can benefit from property investment by swapping their perma-renter status for that of a perma-vester. Millennials Making Property Work for Them Millennials compelled by their careers to stay in urban areas with soaring rents are looking into the option of buying cheaper and smaller properties than those their parents’ bought. They are choosing locations outside the city centres or in rural areas and renting them out for returns that will help pay their own rent in the city, fund their lifestyle or contribute to mortgage payments. Mousa said that although property prices dropped by an average of 2,4 per cent (or a staggering $133 billion) in Australia towards the end of 2018, particularly in the country’s largest cities like Melbourne and Sydney, most investors still see property as a good investment option. Prior to this dip, figures tracking the Australian housing market over the last quarter century showed that house values enjoying a 6.8% growth rate, rising by an average of 412% during the period to over $450,000 from just over $100,000 in 1993. And if it keeps going that way for the next quarter century, house values could reach an average price of $2.9 million. And if it doesn’t, the recent drop in prices might open the door to young investors like the millennials entering this investment arena in greater numbers, before prices start to rise again. "Investors of any age and at any stage of their lives require solid advice, and that is what we provide," Mousa concludes. Related Article: Property Tax Wealth Advice Accountants Kingsgrove Sydney by Expert Matthew Mousa TLK Partners TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Advisers are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs. This material is of a general nature only, and it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published. Syndicated by Baxton Media, the Market Influencers. Gartner Says 40% Of Gen Z Employees Regret Accepting Job Offer 2019-05-15T01:47:21Z gartner-says-40-of-gen-z-employees-regret-accepting-job-offer 14 May, 2019 — A growing number of candidates are regretting their career decisions, according to business research and advisory firm Gartner, Inc. In 2018, 40% of Gen Z respondents reported that they would not repeat their decision to accept the job offer they had accepted and only 51% said they could see themselves having a long career at their organisation. Candidate regret leads to turnover, low engagement and low productivity; more than one-third of candidates who regret their decision intend to leave their position within 12 months. “To address this increase in candidate regret — and stem the ensuing issues with underperforming talent and/or high turnover — organisations need to better understand what Generation Z candidates want,” said Lauren Smith, vice president of Gartner’s HR practice. Gen Z candidates, those born from the mid-1990s to the early 2000s, are the first digitally native generation to enter the workforce and understand that innovation and change are a constant. To ensure they are staying relevant as technology and business processes advance, Gen Z workers are keen to leverage various types of development opportunities, from training programs and boot camps to continuing education. Data from Gartner’s Global Labour Market Survey found that in 2018, 23% of Gen Z candidates listed development opportunities as a top attraction driver, compared with only 17% of their millennial predecessors in 2013. Along with development opportunities, Gen Z candidates expect flexibility in their work arrangements. In addition to the ability to work from any location, these workers believe work should accommodate play and play should be incorporated in work. “With this latest crop of workforce entrants, we are seeing an increased focus on work-life integration and the ability to pursue interests simultaneously both in and out of the workplace,” said Ms. Smith. New Priorities Compensation is no longer a guaranteed method for keeping the young workforce in seat, according to Gartner. In 2018, 38% of Generation Z candidates said that they would leave a job because of compensation, compared with 41% of millennials in 2013. Gen Z candidates also differ from their millennial predecessors on seeking a defined career path. According to data from Gartner’s Global Labour Market Survey, in 2018, only 25% of Gen Z candidates listed future career opportunities as a top attraction driver when considering a job; in 2014, 34% of millennials felt the same way. Managing Differently “Given that today’s graduates are focused on learning and developing skills, employers looking to gain a career commitment from their Gen Z employees must ensure they offer these opportunities,” said Ms. Smith. “Our research shows that more than anyone, it’s an employee’s manager who influences the type of development an employee gets on the job.” In today’s digital age, graduates know they possess unique skill sets that are very much in demand and make up for a lack of experience. Management approaches must adapt to this new reality and shift from an “always-on” approach to a “Connector” manager approach. Connector managers foster meaningful connections for their direct reports to and among employees, teams and the organisation to develop an employee’s specific capabilities. Not only are managers crucial to ensuring their employees’ portfolio of skills stays relevant — a key concern of Gen Z — but they can improve the performance of employees by up to 26% and triple the likelihood that their direct reports will be high performers. “Employers who want to capitalise on the influx of Gen Z candidates into the labour market must consider how best to appeal to these individuals and reduce the desire for them to seek alternative career opportunities,” said Ms. Smith. About Gartner ReimagineHR Gartner experts will provide additional insight into the labour and talent issues at the Gartner ReimagineHR Conference, taking place October 28-30 in Florida. Gartner ReimagineHR is the premier event for HR leaders around the world. Join Gartner and senior HR executives to hear key insights and learn actionable strategies necessary to support organisational performance. Gartner ReimagineHR will also be held August 6-7 in Sydney, and September 18-19 in London. Follow news and updates from these events on Twitter using #GartnerHR. About Gartner for HR Leaders Gartner for HR Leaders brings together the best, relevant content approaches across Gartner to offer individual decision makers strategic business advice on the mission-critical priorities that cut across the HR function. Additional information is available at http://www.gartner.com/en/human-resources/human-resources-leaders. About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organisations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organisations in more than 100 countries — across all major functions, in every industry and enterprise size. To learn more about how we help decision makers fuel the future of business, visit www.gartner.com. # # # Gartner Survey Shows CIOs in Australia and New Zealand Are Making Slow Digital Business Progress 2019-05-15T00:59:45Z gartner-survey-shows-cios-in-australia-and-new-zealand-are-making-slow-digital-business-progress Sydney, Australia, May 15, 2019 — While 30% of organizations in Australia and New Zealand (ANZ) are now starting to scale and harvest value from their digital investments, the remaining 70% are still evolving their digital business foundations, falling behind in rethinking business models, uplifting consumer experiences and shifting from project to product centricity, according to a survey from Gartner, Inc. The Gartner 2019 CIO Agenda Survey gathered data from 3,102 CIO respondents in 89 countries and across all major industries, including 161 respondents from ANZ. Brian Ferreira, vice president Executive Programs at Gartner, said digital resilience will be required for ANZ organizations evolving toward digital business maturity this year. “CIOs must step up to lead their enterprises through a year of predicted tightening economic conditions, competition from digital giants and political volatility. It’s more important than ever to maintain momentum during times of uncertainty, not only for digital business transformation, but also for long-term business viability.” According to the survey, digital initiatives are the highest priority for 25% of ANZ CIOs in 2019. Revenue/business growth is ranked second (16%), ahead of customer experience and cost optimization/reduction (tied for third at 10%). Cost optimization/reduction has jumped from No. 10 priority in ANZ last year to No. 3. Flat IT budgets The survey results indicate that transformation toward digital business is challenged by flat IT budget growth of 1.5% in ANZ in 2019, which is increasing less than the projected 1.9% inflation rate. This is compared with the 2.9% growth that CIOs globally expect this year. Flat IT budgets in ANZ will limit capacity to meet the leading CIO priority of digital initiatives. “The risk during these uncertain times with limited budgets is to make short-term investment decisions, which can slow or even reverse digital business transformation progress,” Mr. Ferreira said. “For those who stick to their plans and focus on the long-term vision, the returns will be there.” The top five areas in which ANZ CIOs will invest new or additional funding in 2019 are: business intelligence and data analytics (54%); cybersecurity and information security (40%); core system improvements and transformation (34%); cloud services or solutions (32%); and customer/user experience (31%). AI and analytics shape the CIO technology agenda The CIO Agenda survey indicates that disruptive emerging technologies will play a major role in reshaping business models in ANZ as they change the economics of all organizations. Twenty-seven percent of ANZ CIOs expect AI to be the most disruptive technology for their organizations in 2019, taking the top spot away from data and analytics, which now occupies second place at 22%. According to the survey, 77% of ANZ CIOs are already using AI technology. The top three ways AI is being used is for process optimization (32%), chatbots (26%) and computer-assisted diagnostics (21%). “The rapid shift to AI looks revolutionary on the surface, but ANZ CIOs aren’t very innovative in creating uses for AI,” said Mr. Ferreira. “They need to experiment more to identify a greater range of uses within their organization if they’re going to keep up with the innovators and disruptors in the market who invest more in it.” C-Suite reporting lines lagging global trend Only one in three ANZ CIOs report to CEOs, compared with 43% of CIOs in typical-performing organizations globally, and 56% in high-performing organizations. One-third of ANZ CIOs report to a COO, and 17% to a CFO. As a result, IT is failing to influence business change and growth, according to Gartner. “ANZ CIOs have the chance to step up to become more influential business leaders, but most are not seizing that opportunity to drive change,” Mr. Ferreira said. “Those that take the lead with their business peers can drive innovative thinking in business models, consumer experience and moving from a project to product focus in how technology is delivered.” Gartner clients can learn more in the report “2019 CIO Agenda: An Australia and New Zealand Perspective.” Additional analysis is available in the complimentary webinar replay "2019 CIO Agenda – Australia and New Zealand Perspective" available now. About Gartner IT Symposium/Xpo Learn more about CIO leadership and how to drive digital innovation to the core of your business at Gartner IT Symposium/Xpo 2019. Follow news and updates from the events on Twitter using #GartnerSYM. Upcoming dates and locations for the 2019 Gartner IT Symposium/Xpo include: June 3-6: Toronto, Canada September 16-18: Cape Town, South Africa October 20-24: Orlando, Florida October 28-31: Sao Paulo, Brazil October 28-31: Gold Coast, Australia November 3-7: Barcelona, Spain November 11-14 - Goa November 12-14 - Tokyo About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and organization size. To learn more about how we help decision makers fuel the future of business, visit www.gartner.com. # # # Scoot propels customer experiences with Dell Boomi-fuelled data analytics 2019-05-14T03:26:47Z scoot-propels-customer-experiences-with-dell-boomi-fuelled-data-analytics Singapore – May 14, 2019 – Dell Boomi™ (Boomi) has announced that budget airline, Scoot, is using the Boomi integration platform for uninterrupted data sharing across the expanding organisation, allowing it to adapt more quickly to changing market conditions and therefore improve passenger experiences. Scoot, the low-cost arm of Singapore Airlines, operates a global network of 66 cities across 18 countries and territories across Asia-Pacific, Europe and the United States, offering customers a cheaper alternative for travel. To provide these affordable services, Scoot relies on extensive data generated from its customers’ bookings and various internal systems. “Boomi gives us a dedicated, cloud-based integration tool that aligns to our all-cloud strategy, and is therefore able to handle the high volumes of system-to-system data transfer that our business model requires,” said Jason Chin, Vice-President – Information Technology at Scoot. “With the various features the platform provides, we will be able to connect our entire organisation to create a single source for our data, with the knowledge that this information is up to date and accurate. We will then be able to better understand our business and customers, and deliver the products and services that passengers want – before, during and after their flights.” Scoot implemented the low-code Boomi integration platform to replace a series of outdated connectors which did not provide the level of automated data management the organisation required. Its former integrations limited communication between Scoot’s systems and restricted access to data, inhibiting the potential of its sharing capabilities. These bespoke integrations were also code-heavy, consequently demanding substantial maintenance. This has been particularly beneficial amid Scoot’s expansion – the airline has grown from 20-plus to 60 routes following the consolidation of TigerAir into the Scoot brand – accelerating the organisation’s time to market despite the significant increase in customers and employees. Scoot has also been able to achieve this while maintaining its IT resources – as Boomi does not require the consistent upkeep of traditional integration technologies, it allows Scoot to achieve more with less. “The airline industry contains among the most diverse sets of customers, and with that comes the ongoing challenge of adapting to the demands of passengers,” said William Fu, Managing Director Asia at Dell Boomi. “By creating a centralised data repository using the Boomi integration platform, Scoot is able to establish a greater level of insight into its business, and in turn make business decisions nimbly as the market changes to bolster its competitiveness.” About Dell Boomi Boomi, an independent business unit of Dell, quickly and easily unites everything in your digital ecosystem so you can achieve better business outcomes, faster. Boomi’s intelligent, flexible, scalable platform accelerates your business results by linking your data, systems, applications, processes and people. Harnessing the power of the cloud to unify everything inside and outside of a business, Boomi gives more than 8,200 organizations the agility to lead the future. For more information, visit http://www.boomi.com. © 2019 Boomi Inc. Dell, Boomi, and Dell Boomi are trademarks of Dell Inc. or its subsidiaries. Other names or marks may be the trademarks of their respective owners. Special note: Statements in this material that relate to future results, future hiring, and future events or investment are forward-looking statements and are based on Boomi’s current expectations. In some cases, you can identify these statements by such forward-looking words as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “confidence,” “may,” “plan,” “potential,” “should,” “will” and “would,” or similar expressions. Actual results, hiring, customer trends, and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors, including the challenge of finding and onboarding new personnel, marketplace trends, ongoing management attention to the market, the uncertainties associated with technology changes and the development and release of new technology. Boomi and Dell Technologies assume no obligation to update any such forward-looking statements. Gartner CEO Survey Shows Priorities Shifting to Meet Rising Growth Challenges 2019-05-08T23:06:17Z gartner-ceo-survey-shows-priorities-shifting-to-meet-rising-growth-challenges STAMFORD, Conn. May 8, 2019 — Growth continues to top the list of CEO business priorities in 2019 and 2020, according to a recent survey of CEOs and senior executives by Gartner, Inc. The most notable change in comparison to last year’s results is that a growing number of CEOs also deem financial priorities important, especially profitability improvement. The annual Gartner 2019 CEO and Senior Business Executive Survey of 473 CEO and senior business executives in the fourth quarter of 2018 examined their business issues, as well as some areas of technology agenda impact. In total, 473 business leaders of companies with $50 million or more and 60% with $1 billion or more in annual revenue were qualified and surveyed. “After a significant fall last year, mentions of growth increased this year to 53%, up from 40% in 2018,” said Mark Raskino, vice president and distinguished analyst at Gartner. “This suggests that CEOs have switched their focus back to tactical performance as clouds gather on the horizon.” At the same time, mentions of financial priorities, cost and risk management also increased (see Figure 1). “However, we did not see CEOs intending to significantly cut costs in various business areas. They are aware of the rising economic challenges and proceeding with more caution — they are not preparing for recession,” said Mr. Raskino. Figure 1: Top 11 Business Priorities of CEOs Source: Gartner (May 2019) New Opportunities for Growth The survey results showed that a popular solution when growth is challenged is to look in other geographic locations for growth. Responses mentioned other cities, states, countries and regions, as well as “new markets” would also include some geographic reach (though a new market can also be industry-related, or virtual). “It is natural to use location hunting for growth when traditional and home markets are saturated or fading,” said Mr. Raskino. “However, this year the international part of such reach is complicated and compounded by a shift in the geopolitical landscape. Twenty-three percent of CEOs see significant impacts to their own businesses arising from recent developments in tariffs, quotas and other forms of trade controls. Another 58% of CEOs have general concerns about this issue, suggesting that more CEOs anticipate it might impact their businesses in future.” Another way that CEOs seem to be confronting softening growth prospects and weakening margins is to seek diversification — which increasingly means the application of digital business to offer new products and revenue-producing channels. Eighty-two percent of respondents agreed that they had a management initiative or transformation program underway to make their companies more digital — up from 62% in 2018. High Hopes for Technology Cost management has risen in CEO priorities, from No. 10 in 2018 to No. 8 today. When asked about their cost-control methods, 27% of respondents cited technology enablement, securing the third spot after measures around people and organization, such as bonuses and expense and budget management. However, when asked to consider productivity and efficiency actions, CEOs were much more inclined to think of technology as a tool. Forty-seven percent of respondents mentioned technology as one of their top two ways to improve productivity. Digital Skills for All Executives Digital business is something the whole executive committee must be engaged in. However, the survey results showed that CEOs are concerned that some of the executive roles do not possess strong or even sufficient digital skills to face the future. On average, CEOs think that sales, risk, supply chain and HR officers are most in need of more digital savvy. Once all executive leaders are more comfortable with the digital sphere, new capabilities to execute on their business strategies will need to be developed. When asked which organizational competencies their company needs to develop the most, 18% of CEOs named talent management, closely followed by technology enablement and digitalization (17%) and data centricity or data management (15%). “Datacentric decision-making is a key culture and capability change in a management system that hopes to thrive in the digital age. Executive leaders must be a role model to encourage and foster data centricity and data literacy in their business units and the organization as a whole,” Mr. Raskino said. Gartner clients can read more in the report “2019 CEO Survey: The Year of Challenged Growth.” Gartner IT Symposium/Xpo 2019 Learn more about leadership and how to drive digital innovation to the core of your business at Gartner IT Symposium/Xpo 2019. Follow news and updates from the events on Twitter using #GartnerSYM. About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and organization size. To learn more about how we help decision makers fuel the future of business, visit www.gartner.com. Synology Host Solutions Exhibition alongside Computex, 2019 2019-05-08T22:30:00Z synology-host-solutions-exhibition-alongside-computex-2019 Data lies at the core of every industry transformation. Synology provides a wide array of solutions to ensure business continuity. Join us to explore the data life cycle and discover infinite possibilities of file access, storage, and backup. Synology will be hosting its own Solution Exhibition alongside Computex 2019 and you're invited! Join Synology at their new HQ in Taiwan! Date: 29th May 2019 - 31st May 2019 Time: 10am - 6pm Venue: Synology HQ - TPKA in Taipei Far Eastern Telecom Park (1F, No.1, Yuandong Rd., Banqiao Dist., New Taipei City 220) 8-minute walk from the Far Eastern Hospital MRT station (Exit 3) For more information: https://event.synology.com/en-global/solutionexhibition_2019 If of interest and for RSVP, please contact: Shazana Roseli at shazana.roseli@taurusmarketing.com.au, John Wanna at john.wanna@taurusmarketing.com.au or Stacey Toskas at stacey.toskas@taurusmarketing.com.au +61 029415 4528 Genesys Taps Former Cisco, Microsoft and Skype Exec Tony Bates as CEO 2019-05-07T00:29:59Z genesys-taps-former-cisco-microsoft-and-skype-exec-tony-bates-as-ceo Genesys® (www.genesys.com), the global leader in omnichannel customer experience and contact centre solutions, today announced Tony Bates as its new Chief Executive Officer (CEO), effective immediately. Bates succeeds Paul Segre, who will continue with Genesys as Chairman of the company. “In my 12 years as CEO, I’ve had the privilege of working with the best team in the industry. We have repeatedly disrupted the market, most recently with our cloud and artificial intelligence (AI) innovations, and ended 2018 with $1.5 billion in revenue – our best year yet,” Segre said. “I couldn’t be more thrilled to step into a new role as chairman at this high point in the company’s history and welcome our new CEO, Tony Bates, at a time when there’s so much opportunity for Genesys.” Bates has decades of experience and success steering business-to-business and business-to-consumer companies through industry transitions and rapid scaling. This includes leading Cisco’s Service Provider business and growing its Enterprise and Commercial division to more than $20 billion in annual revenue. As CEO of Skype, Bates expanded the business to over 170 million connected users. Once Skype was acquired by Microsoft, Bates became President responsible for unified communications before serving as Executive Vice President of business development and developers. In addition to his role at Genesys, Bates will continue his appointments on the board of directors at both VMWare and eBay. The company also announced today that President Tom Eggemeier will transition into a new role as a partner at one of the company’s private equity investors, Permira. Presently, the Permira Funds and Hellman & Friedman own a combined majority stake in Genesys. “The opportunity to lead Genesys at this pivotal moment is truly an honour,” said Bates. “With its next-generation cloud business growing 85% year over year and rapid injection of AI throughout its customer experience platform, Paul and Tom have done an incredible job building Genesys into a market leader with a remarkable customer base. Especially noteworthy is its PureCloud offer, which is one of the fastest growing SaaS businesses ever, on par with high-growth companies like Zoom [1]. The immense opportunity ahead of us is clear, and I intend to ensure that we capitalise on it.” Brian Ruder, partner and co-head of Permira’s technology team commented, “With Tony at the helm, Genesys is poised to continue achieving record revenue, profitability, customer success and business impact in the market, building on the incredible foundation Paul and Tom established for the company. We are thrilled to keep working with Paul as chairman of Genesys, and to welcome Tom to Permira, where he will continue to help the Genesys team drive growth and bring his talents to our entire technology portfolio as well.” Tarim Wasim, partner at Hellman & Friedman said, “Tony brings years of proven success leading technology businesses as they navigate change and drive rapid growth. We welcome his energy, direction and leadership as Genesys builds on its recent momentum. We would also like to thank Paul and Tom for their stewardship, deep engagement and strong initiative in propelling Genesys forward as the undisputed leader in the customer experience market.” [1] Source: Based on publicly available financials from SEC filings (with exception of Genesys PureCloud) Zoom: Total revenue from FYE Jan 2017 to FYE Jan 2019 Genesys PureCloud: PureCloud revenue from FYE Dec 2017 to FYE Dec 2019 (budgeted) The Association Specialists Expand into Vibrant Melbourne 2019-05-06T03:23:13Z the-association-specialists-expand-into-vibrant-melbourne The Association Specialists (TAS) are fast becoming Australia’s leading provider of association management services, having secured two Melbourne based businesses, expanding their footprint and strengthening their expert team locally. Earlier this year, The Association Specialists acquired the client base of Professional Association Management Specialists (PAMS) and from 1 May 2019, CLEMS Association and Event Management is under The Association Specialists’ brand. These two Melbourne businesses will be brought together under one roof at the current CLEMS office. Sue Gillard, the previous owner of CLEMS will manage this operation, looking after a diverse client portfolio of associations and accompanying events. ‘The immediate scale we have now, coupled with The Association Specialists’ support from Sydney means we can offer the highest level of association management and event management services in Melbourne,’ said Ms Gillard. Francis Child, Managing Director at The Association Specialists, is delighted to have developed a strong presence in Melbourne and one which has been built from two organisations with fantastic reputations. ‘We look forward to building a highly successful business under Sue, using the reputations of CLEMS and PAMS coupled with the expertise of The Associations Specialists,’ said Mr Child. The new office in Melbourne will give The Association Specialists the infrastructure and expertise to continue leading association management services in Australia. Kicking off the new union, The Association Specialists will host their Strategic Board Series on 21, May in Melbourne – an event for industry professionals to share and learn from thought leaders in the Association and Not-For-Profit sectors. For more about The Association Specialists, visit: theassociationspecialists.com.au -ENDS- For media enquiries, please contact: Debbie Bradley, Group Account Director, Zadro | debbie@zadroagency.com.au +61 2 9212 7867 | +61 429 761 189 About The Association Specialists The Association Specialists (TAS) have been adding value to Associations Societies and Community Groups for over three decades. They provide a broad range of specialist services to their clients, ranging from coordinating major conferences and management of member activities, through to specialised sales, marketing and accountancy services. Holding 200+ events per year and over 20 large scale conferences per year highlighting their outstanding capacity. Over 75 Associations and other clients trust The Associations Specialists to skilfully manage their associations and events. TAS are committed to being industry leaders by growing their infrastructure and resources to deliver the highest quality results. 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