The PRWIRE Press Releases https:// 2019-03-26T03:35:08Z Itoc is the 19th Amazon Web Services (AWS) partner globally to achieve the AWS Security Competency Status 2019-03-26T03:35:08Z itoc-is-the-19th-amazon-web-services-aws-partner-globally-to-achieve-the-aws-security-competency-status-2 Brisbane, Australia; 26th March 2019 For immediate release Itoc is proud to announce that it has achieved AWS Amazon Web Services (AWS) Security Competency, and is the 19th partner globally to be awarded this status.   Achieving the AWS Security Competency differentiates Itoc as an AWS Partner Network (APN) member that provides specialised consulting services designed to help enterprises adopt, develop and deploy complex security projects on AWS. To receive the designation, APN Partners must possess deep AWS expertise and deliver solutions seamlessly on AWS. “Itoc is proud to be one of the four APN partners in Australia and 19th globally to achieve AWS Security Competency status,” said Richard Steven, CEO. “Our team is dedicated to helping companies maintain a strong security posture by providing in-depth solutions that are aligned with AWS security best practises as well as our own internal strategies.” AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise. Itoc applies a holistic approach to efficiently manage risk in consideration of various security aspects such as human behaviours, infrastructure, data category, threat intelligence and most of all, clients. Ensuring that Itoc’s customers comply with the latest security standards is a crucial part of their ongoing security practice. Case in point is Itoc’s ongoing engagement with Judo Capital. Judo Capital is bringing back the craft of relationship banking to transform access to finance for Australia’s small and medium-sized (SME) businesses. Judo is a registered finance company operating under an Australian Credit Licence with the application process underway for a full licence to become a bank. As a cloud-native business, Judo Capital is disrupting the Financial Services industry by driving innovation with 100% cloud-based infrastructure. With this innovation, comes much scrutiny and precedence setting with the compliance and regulatory requirements and auditing reporting for the cloud-native financial services company. With a large amount of private and confidential data to handle, Judo had to be certain its IT is highly secure. From day one, Itoc has been a foundational partner with Judo Capital on their journey, from the design and implementation of Judo’s initial core banking platform on AWS, through to delivering continued innovation, cloud managed services and ongoing security requirements. The AWS platform was designed with security and privacy in mind. Itoc has implemented a Well-Architected security framework based on next-generation security principles, tooling and operating procedures. “At Judo, we believe technology should be invisible, so we can focus on truly valuable relationships with our customers, unleashing them to grow great Australian businesses. Working with cloud based services and security capabilities, provided by Itoc, has enabled us to remain focused on our true mission, while achieving our vision of an IT-less future…” Graham Dickens, CTO Judo Capital About Itoc Itoc delivers solutions that offer speed of innovation and delivery to market whilst observing security and architecture best practices. If cloud is core to the success of service development efforts, Itoc would love to hear from you. Itoc AWS Cloud services Cloud Foundation Cloud Migration IntelligentOps – Next generation cloud managed services Cloud Architecture & Consulting Services Big Data & Analytics Machine Learning Itoc look forward to combining their proven experience in Security, DevOps and our Financial Services competencies to deliver outstanding solutions for customers’ complex, highly-regulated environments. Investment Property Acquisition CGT Tax Accountant Aged Care Kingsgrove Sydney 2019-03-25T22:00:07Z investment-property-acquisition-cgt-tax-accountant-aged-care-kingsgrove-sydney Calculating the Cost Base for CGT Deductions for Investment Properties There is generally great excitement when a rental income property is bought. The new owners have all kinds of plans, and sweet dreams about the extra income it’s going to earn. However, somewhere down the line the property will be sold, and the seller will be confronted by what the tax man euphemistically calls a “Capital Gains Tax event”. If it sounds pretty intimidating, don’t worry, as it’s fairly simple as property tax and acquisitions expert, Matthew Mousaof TLK Partnersexplains. "The profit or loss realised from the sale of a property is the “event”, and could be subject to Capital Gains Tax or CGT as it is referred to. Although CGT is a whole different ballgame, capital works deductions made now can affect the calculations needed for CGT when the property is sold." Deducting the deductions When calculating a Capital Gains Tax profit or loss after the sale of a property, the cost base or reduced cost base is the starting point for calculations. The final, or adjusted, cost base used must exclude any deductions already claimed, or could have been claimed, for capital expenditure. There are two conditions attached to this exclusion: The property was acquired after May 13, 1997. The property was acquired before May 13, 1997, but the money was spent, which gave rise to a capital works deduction after June 30, 1999. How does this work in practice? “Let’s say that you bought a rental property in 1998 for $200 000, and you sold the property in 2017,” Matthew explains. “The cost base in 2017 is calculated at $210 250. However, during the time you owned the property you claimed $10 000 in capital works deductions. You will have to deduct the $10 000 you claimed, to arrive at a new cost base for calculating your Capital Gains Tax. Your new cost base would therefore be $200 250.” Limited recourse debt arrangements If any part of the capital expenditure on capital works deductions was financed by a limited recourse debt, which includes certain hire purchase or instalment sale agreements, excessive deductions for capital allowances has to be included as part of assessable income. But this only applies if the debt was terminated, or wasn’t paid in full. Anyone unsure of what constitutes a terminated recourse debt arrangement, and its implications for assessable income, should consult a tax consultant for clarification on CGT, and any other tax implications of investment property, as it could have far-reaching effects on tax obligations. "Many property investors have been caught out and surprised about CGT triggered by a sale of an asset because they failed to understand CGT fundamentals," Matthew concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviserare wealth and taxation 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. Expert Aged Care Property Acquisition Tax Advice Accountant in Kingsgrove Sydney 2019-03-24T23:00:49Z expert-aged-care-property-acquisition-tax-advice-accountant-in-kingsgrove-sydney Tax impact of Buying or Selling Second-hand Depreciating Assets Buying or selling second hand assets can cause headaches at tax time. TLK Partners’ property acquisition specialist, Mr Matthew Mousa, offers insight into how to handle these situations, and what effect they have on tax obligations. Tax deductions on depreciating assets Matthew compares dealing with tax deduction claims on long-life assets to finding one’s way through a labyrinth, even when dealing with new items that will help generate rental income. Yet getting through this maze can become even more complicated, he says, when other factors become involved, like the disposal of a depreciating asset. Basically, a depreciating asset is one which has a long projected lifespan as an effective asset in generating income. Deductions against income, originally based on the asset’s initial cost, are spread over a period of years on a sliding scale schedule. This scale takes into account the asset’s dropping value and shortening lifespan as an income generator. Disposal of a depreciating asset When an asset like this can’t (or won’t ever again) be used to facilitate rental income, its tax position as a depreciating asset changes immediately. “Because it is no longer involved in generating an income, it doesn’t count as a deduction on your future tax returns, and therefore stops playing any part in determining future taxes,” Matthew explains. But it can’t just disappear off a return before the books on its tax history, including any remaining depreciation value, have been balanced and closed. There are various ways in which an item like this could have been “disposed” of. The most obvious is that it has been sold, lost or destroyed. A homeowner may have planned to use the asset to generate rental income, and then decided against it; cancelled its installation; or changed the way he uses it, so its sole purpose is no longer generating a rental income. An asset may also have to be “disposed of” if it was considered while in a partnership, but the use of the asset, or the nature of the partnership, has changed since then. “All these reasons are valid ones for its disposal in terms of tax. The bottom-line is that you must be able to affirm that you do not expect to ever use it again for its original purpose,” Matthew says. Balancing adjustment event To change the asset’s status somewhere down the line, when the depreciation process has not been completed, requires levelling the scales on what’s gone out and what’s come in with regard to that asset’s disposal. This involves creating a “balancing adjustment event” on a tax return. To do this, the following steps need to be taken: Work out what value of the depreciating asset remains unclaimed. This becomes the balancing adjustment value. Then take selling price of the depreciating asset, or termination value if it was scrapped, and compare it with the adjustable value. If the termination value (sale price) of the asset is greater than the adjustable value; the difference between the two becomes a form of income which has to be added to assessable income along with income from other sources, including rent. However, it is not included as part of the rent, but instead listed under “Other Income” on a tax return. If the adjustable value is greater than the termination value, deduct the difference on the current return. Purchase of second-hand assets When purchasing a second-hand asset, its price can generally be claimed, in the same way as the cost of a new asset would be claimed for, and subject to the same conditions regarding its projected life-span and purchase price as are applied to new assets. However, if second-hand assets form part of package when a rental property is bought, there are some steps that need to be taken to separate them from the rest of the package. The depreciating assets that come with the rental property must be separated from the price of the property itself based on reasonable values determined by both seller and buyer, and specified as part of the sale agreement. If they aren’t specified, a reasonable cost will have to be determined by the homeowner. If unable to do so, a qualified evaluator will have to be called in. Whichever way it’s done, the owner must be able to show a firm basis for establishing the value. "Sound taxation advice and planning can save heartache and financial surprises," Matthew concludes. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are 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. NSW Wealth Management Age Care Financial Planning Property Acquisition Services TLK Partners' Property Acquisition Expert Matthew Mousa 2019-03-24T22:00:40Z nsw-wealth-management-age-care-financial-planning-property-acquisition-services-tlk-partners-property-acquisition-expert-matthew-mousa Property Owners’ Claim Borrowing Expenses At Tax Time While some rental property expenses can be claimed straightaway, there are a number of expenses which are only deductible over a number of years. Matthew Mousa, Partner and Adviser with TLK Partners, tries to ease your way through the minefield of these sorts of tax claims. The tax laws regarding rental property have changed recently, and it’s important that investment property owners get to understand the new regulations. What expenses are deductible over a number of years? Borrowing Expenses are one of the three different types of expenses that the tax man expects you to deduct over an extended period of time. The others are the Depreciation of Assets and Capital Works Expenses. Borrowing expenses There are certain unavoidable expenses that you will have to pay when you borrow money to purchase an investment property for extra rental income. To start with, you will have to pay the institution that lends you the money for establishing the loan, and you will also have to pay a fee to the mortgage broker. You’ll also be charged for the lender searching for the title deed. Then the lender will send a building inspector to inspect the property and make a valuation. This expense will also be your responsibility. That’s just the start: Preparing and filing the mortgage documents requires stamp duty on the documents, and the expense of this will be yours to carry. And, believe it or not, the lender’s mortgage insurance is also for your account. These are all classified as borrowing expenses that are deductible over a number of years. What borrowing expenses are not deductible? The insurance you are required to take out to cover your mortgage in the event of your death, disability, or unemployment. The Interest the lender charges you. The Stamp Duty that’s charged on the transfer of the property. This is not to be confused with the stamp duty on the mortgage documents, which is deductible. Certain rules govern the deductions If your total borrowing expenses are less than $100, you can claim the total amount in the year you took out the loan. However, if your total borrowing expenses are more than $100, you will have to deduct them over five years, or the length of the loan agreement, whichever is shorter. This means, if your loan is repayable over three years, the deductions are calculated over three years, and not five years. If you repay your loan earlier, you are allowed to deduct what’s left of the borrowing expenses in the year that you repaid the loan. If you took out the loan during your first income year, you can only claim a proportional amount of the borrowing expenses you would normally claim for a full year. If you took out the loan, say, three months into the new tax year, you would only be able to claim 75% of what you would claim the next year, and every year thereafter, until the three or five year term is completed and the loan is paid off. The same proportional calculation will be necessary in the final year. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are 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. Financial Wealth Management Property Acquisition Accountant Kingsgrove Reveals Renovation ATO Tax Benefit 2019-03-22T22:00:40Z financial-wealth-management-property-acquisition-accountant-kingsgrove-reveals-renovation-ato-tax-benefit Renovations Help you Up the Rent Says TLK Partners Property Expert Matthew Mousa Well-kept properties can result in better rent, but owners shouldn’t over-spend on renovations. Property Acquisition specialist Matthew Mousa of TLK Partners advises on improvements that will be both easy on the budget, and show extra return on investment. Some rental property investors might be unsure of where and how to invest renovation dollars for maximum return. “As a property investor myself, it’s easy to spend a fortune and over-capitalise on the property,” warns Matthew. “Rather invest in cost-effective upgrades on key areas, known to attract tenants. Not only will you draw people who are prepared to pay a little extra, but they are also more likely to care for it during their stay.” Bathrooms and kitchens are two of the major areas – one represents the heart of the home, because it is where food and nourishment originate, while the other is a haven for relaxation and de-stressing. These two rooms could easily become a ‘wow’ factor. However, most importantly, they should be spotless, and leave a squeaky-clean impression. Sprucing Up The Kitchen Representing the heart of the home, a tatty kitchen will turn away potential tenants. It should be spotless, and leave a squeaky-clean impression. A full-blown kitchen renovation is a costly exercise, but there are ways of improving the space and creating a ‘wow’ factor without blowing the bank. Matthew recommends looking at and changing the small details. Add a splash back behind the stove or sink or replace the existing ones with fresh tiles. Splash backs serve a double function in protecting the wall from damage, but can also be a striking feature with clever tiling choice. Do the counter-tops and cabinet doors look tired? A granite top will make an impressive feature, while new doors with fresh hinges and modern handles will transform old cupboards. Another practical improvement is the addition of clever lighting, to brighten the space and improve its function. Cleaning Up The Bathroom “Keep good design and classic style in mind when you consider renovating the bathroom of the rental property,” advises Matthew. He warns against overly-modern or trendy fittings as they can easily date in a few years’ time. Owners could, however, add contemporary touches with modern towel bars and vanity shelves. Once again, the importance of a brilliantly clean look cannot be overemphasised. Light Up With Flair Dark and dingy is a definite no-no if you are looking for a higher rent. Apart from lights being an expression of style, it is most important that your rental property is well lit. “Remember to open blinds and switch the lights on where necessary when you’re showing the property, as light and airy looking properties hold much more appeal,” says Matthew. Lighting and light fittings can create ambiance in any room, and the variety of styles of lighting available is infinite. It can be used to create any look and feel of your choice, from rustic to industrial. Just be careful not to go too way out there – tenants want to add their own personal touches to make the rental property their home, and they don’t necessarily have the same taste in décor as the owner does. So choose something functional, classy, tasteful and fairly neutral. When faced with dark corners or rooms, skylights or installed windows are a wonderful source of light and sun, and can often make all the difference in bathrooms and kitchens by lighting them naturally. Choose energy efficient long-lasting lighting, not only to reduce tenant’s electricity bills but also to care about the environment. Happy Tenants Stay Longer Renovating rental properties from time to time not only holds the bonus of collecting more rent each month during the tenant’s lease period, but could save other costs in the long run. "Remember, if tenants love their home, they will stay longer, so investors will save on advertising and screening costs. It really is best to show it off the property its best light," Matthew concludes. TLK Partners are real people just like you with hobbies like property investment; Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are 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. Sydney Investors Aged Care Financial Income Protection Tax Expert and Wealth Planner Matthew Mousa From TLK Partners 2019-03-22T21:00:07Z sydney-investors-aged-care-financial-income-protection-tax-expert-and-wealth-planner-matthew-mousa-from-tlk-partners Part-Year Rentals Affect Property Investors Tax Claims Says TLK Partners Expert Matthew Mousa Tax rental income statements record every dollar received on investment properties, but it doesn’t reflect how many dollars an investor actually takes home. Rental property investors, will have had to settle a lot of bills in order to receive the dollar bills listed as income – without doing so, they would have received a lot less. But what happens if an investment property is only rented out for part of the year? TLK Partners’ property specialist, Mr Matthew Mousa, looks at the tax implications. Sam and Jane were looking for tenants, but made it way too difficult for anyone to rent their property. They asked for references even for short term tenants, and barred children and pets. And they also demanded final approval, despite advertising their premises through an agent. To top it all, not one prospective tenant earned that approval. In Steven and Sally’s case, they advertised their “rental” through an agent, but restricted it to being only available outside school holidays, when there was no demand for renting a property in a remote location with difficult access. They also had no tenants during that year. Both couples had their expenses claims rejected immediately by the tax office. “If the Australian Tax Office has cause to believe the property was not truly ‘available to rent’, it will not sanction expenses claims, because owners made it too difficult for tenants to rent their property,” Mousa warns. “While it is sometimes hard to believe it, the tax authorities are trying to play fair – they only want their share of the rental money you have actually pocketed.” But they want investors to play fair, too, by claiming deductions only on expenses directly related to earning it. So expenses that investors incurred for personal use of the house don’t cut it as far they are concerned. Every homeowner has expenses running their properties and they can’t claim them against tax. The overall principle is that investors can only claim expenses with regard to costs while your property was actually rented out, or while real intention was being shown to make an income out of the property, which is when, as tax authorities term it, it was genuinely “available to rent”. Stating entire income and then claiming the costs of earning it, changes the gross income to a nett income, giving a far more valid picture of what profit was made, not just your bank account balance. It is from this final clean figure that the tax authorities slice their share of the pie in the form of taxes, Mr Mousa explains. However, the final figure changes, because the claimable expenses do, if a rental property does not operate all year through. The taxman also accepts that there are good years and bad years for rental property owners, when they simply don’t have many tenants. Yet, as an owner, investors go on having expenses involved in trying to attract tenants, so some expenses involved are still claimable even when rental income is low. Apportion Expenses If either of the above couples had indeed managed to land a tenant, even for a short period, they would fall into the category of those rental property owners who have to apportion expenses according to how much of the year the premises were rented out, or were honestly available for rent. Joining them are owners who openly rent out their houses for a short period of the year, using it themselves the rest of the year, and those who do the opposite, using it themselves for a short holiday, and making it available for rent the rest of the year. Any expenses that come up while used personally or by friends are enjoying the property privately, can’t be claimed. So these taxpayers will also have to do apportionment claims. Apportionment means that those costs directly tied to rental income can only be claimed in proportion to how much of the year tenants helped you generate it. If tenants rented your property for 35 weeks of the year, the expenses would be multiplied by 35/52 to determine the claimable share of the year’s expenses. Some Exceptions To The Rule Exceptions are those expenses brought about during the course of the rental process. These include estate agents’ commission, advertising for tenants, phone calls to fix damage tenants caused, and the cost of removing any rubbish they left behind. Matthew Mousa is a partner at TLK Partners, a company that takes care of the wealth management and accounting needs of ordinary folk, small and medium businesses, and high value individuals. TLK Partners, Chartered Accountants and Wealth Management Company website, or call (02) 8090 4324. 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. AIIA celebrates ongoing government–industry collaboration on digital transformation 2019-03-21T02:06:25Z aiia-celebrates-ongoing-government-industry-collaboration-on-digital-transformation Sydney, Australia – 21 March 2019 -- The Australian Information Industry Association (AIIA), the peak member body for the ICT industry, is celebrating the progress made by government and industry since a memorandum of understanding (MOU) was signed with the Digital Transformation Agency (DTA) one year ago. Michael Keenan, Minister for Human Services and Digital Transformation, was the keynote speaker at the AIIA hosted Ministerial Luncheon held on Tuesday 19 March at the National Press Club. The event marked the anniversary of the shared commitment to continue to deliver the Australian Government’s Digital Transformation Agenda. In his valedictory speech, Minister Keenan emphasised he is an ongoing supporter of the MOU between the DTA and AIIA, highlighting some of the positive outcomes benefiting the industry. The MOU was entered into on 13 March 2018 in order to facilitate practical ways for the DTA and AIIA to engage industry and government agencies in meaningful dialogue. During the first year, participating AIIA members have benefited from ongoing updates on the DTA’s activities relating to its digital transformation agenda. This included the opportunity for AIIA members to contribute directly to DTA on user research. Commenting on the anniversary of the AIIA and DTA MOU, Ron Gauci, CEO of the AIIA, said: “We’ve made great progress identifying opportunities for the parties to exchange information and draw on expertise to deliver better government online services for individuals and businesses. “Our members think this has been a ‘great start’ for industry and government agency dialogue. We hope this model will continue to evolve, and that it can be applied across other agencies.” Several initiatives and activities have been undertaken to support the opening of the dialogue. These include: Regular meetings between DTA CEO and AIIA CEO Cadence meetings between AIIA members and DTA Senior decision makers Being part of the October 2018 USA delegation visiting the following AIIA member offices: Amazon, Microsoft, Salesforce, IBM, Cisco, Infosys, Qlik, WIPRO, Singtel Innov8 and Oracle. The delegates also attended think tanks such as the World Economic Forum and the Information Technology and Innovation Foundation, as well as startup incubators at Berkley SkyDeck and the Australian Landing Pad, all showcasing innovative Australian technology start-up companies. # # # About AIIA The Australian Information Industry Association (AIIA) is Australia’s peak representative body and advocacy group for those in the digital ecosystem. Since 1978 AIIA has pursued activities to stimulate and grow the digital ecosystem, to create a favorable business environment for members and to contribute to Australia’s economic prosperity. We do this by delivering outstanding member value by providing a strong voice of influence; building a sense of community through events and education; enabling a network for collaboration and inspiration; and developing compelling content and relevant and interesting information. Media Contacts For more information please contact: Jeffrey Coote Tel: (02) 8355 3130 jeffrey@filteredmedia.com.au METRICS RAISES $300 MILLION FOR MCP INCOME OPPORTUNITIES TRUST IPO - AHEAD OF SCHEDULE 2019-03-21T00:42:47Z metrics-raises-300-million-for-mcp-income-opportunities-trust-ipo-ahead-of-schedule Alternative asset manager, Metrics Credit Partners Pty Ltd (Metrics) is pleased to announce that due to the high number of applications received for the initial public offering of the MCP Income Opportunities Trust (MOT), The Trust Company (RE Services) Limited in its capacity as responsible entity of MOT (RE) has decided to close the offer of new units, except for applications under the Priority Offer.   MOT has received applications in excess of the maximum subscription level of $300 million as set out in the PDS (as defined below), the RE has decided to close the Cornerstone Offer, Broker Firm Offer and the General Offer as at 5:00pm Sydney time on 20 March 2019.    The Priority Offer available to existing unitholders of the MCP Master Income Trust (ASX: MXT) remains open and will close at 5:00pm Sydney time on 12 April 2019.   Key Highlights: ·      Maximum Subscription amount of $300 million raised within 9 days of the offer opening on 12 March 2019.  ·       MOT targets cash income distribution of 7% p.a. which is intended to be paid quarterly, with a total target return of 8-10% p.a., net of fees. These are targets only and may not be achieved*.  ·      The Trust seeks to provide exposure to a portfolio of private credit investments. ·      MOT ASX listing set for 29 April 2019 (proposed ASX:MOT).   “We are pleased to have received extremely strong demand for MOT from investors, as they seek to diversify their portfolios into defensive alternative assets,” says Metrics’ Managing Partner, Andrew Lockhart.  “MOT will provide investors with a means to gain exposure to the difficult to access private credit market and an investment that is uncorrelated to listed equities or bonds,” Mr Lockhart added.Once completed, MOT will be the second ASX-listed trust managed by Metrics, the first being the MCP Master Income Trust (ASX:MXT), which listed on the ASX in October 2017.     Applications received by the RE under the Broker Firm Offer or the General Offer may be scaled back to the extent that further applications under the Priority Offer (up to a cap of $25 million) are received by 12 April 2019.   Grant Samuel acted as Financial Adviser, Pinnacle Investment Management as Distribution Partner and MinterEllison as legal adviser.   Taylor Collison acted as Lead Arranger and Joint Lead Manager, Ord Minnett and Wilsons acted as Joint Lead Managers, and Bell Potter and Shaw Partners acted as Co-Managers.    The product disclosure statement for MOT was issued on 25 February 2019 and supplemented by the supplementary product disclosure statement dated 13 March 2019 (together the PDS). About Metrics  Metrics is an Australian alternative asset management firm specialising in fixed income, private credit, equity and capital markets. Metrics’ investment team has significant experience in corporate and institutional lending and currently manages wholesale funds with assets in excess of $3.4 billion.    Media contact: Georgie MorellMorell & Co 0438 008383Georgie@morellandco.com This document is prepared by Metrics Credit Partners Pty Ltd (ABN 27 150 646 996 AFSL No. 416 146) and is issued by The Trust Company (RE Services) Limited (ABN 45 003 278 831 and AFSL No. 235150) (Perpetual) the responsible entity and the issuer of the units in the MCP Income Opportunities Trust ARSN 631 320 628 (Trust). This document has been prepared without taking account the objectives, financial situation or needs of individuals. Before making an investment decision about the Trust persons should read and consider the product disclosure statement for the Trust dated 25 February 2019 as supplemented by the supplementary product disclosure statement dated 13 March 2019, (PDS), carefully and in its entirety, consider the appropriateness of the information having regard to their objectives, financial situation and needs, and obtain advice from an appropriate financial adviser. The PDS is available at www.metrics.com.au. The Trust Company (RE Services) Limited (Perpetual) and Metrics Credit Partners Pty Ltd do not guarantee investment performance or distributions, and the value of your investment may rise or fall.   * Target cash income distributions and total target returns are only targets and may not be achieved. It may take up to 6 months until the target Portfolio Construction is achieved and before the target returns may be expected to be achieved. Please refer to the PDS for further information.              Aged Care Property Investors and Financial Wealth Acquisition Tax Expert Mathew Mousa From TLK Partners Kingsgrove 2019-03-20T21:00:18Z aged-care-property-investors-and-financial-wealth-acquisition-tax-expert-mathew-mousa-from-tlk-partners-kingsgrove Private Investors Property Income Has Tax Implications Whether in money or in kind, anything investors are given that’s linked to their rental property, is considered to be income, and the Australian Taxation Office wants to know about it. Property and tax expert TLK Partners’ Matthew Mousa runs through some of the less well-known forms of “rental income” from the Australian Taxation Office. So for tax purposes, rental income only refers to a tenant’s weekly or monthly cheque, right? Wrong, says Matthew. “If investors are renting out a property to earn a return on their investment, any payment received is considered part of their income, whether cash or in kind. And what comes in, must go out – in the form of information on your tax return.” Disclosing straight-up rental payments is par for the course, but what are the other forms of income associated with a rental property? These equally relevant, but less obvious forms of rental income are the ones to be mindful of, he cautions. Payments in kind If an investor let young Joe live on their rental property for free, as long as he keeps the garden looking good and the swimming pool clean, as well as doing small maintenance jobs, their tax situation could be complicated, Matthew explains. The same applies when someone like Chloe, who has parents on a farm, agrees to pay part of her rent in fresh potatoes. Or perhaps Sam, who’s in the premier league, gives the investor season tickets for rugby, in return for accommodation. According to the Australian Tax Office this "income" must be disclosed in these instances. “Investors will have to put a market value on any of these, from the rental value of Joe’s accommodation, to what the spuds or season ticket would have cost and add it to the rental income. Investors may be entitled to deduct some of the young man’s “rent” in terms of the legally deductible parts of the services he performs. But as far as income goes, his “rental” does need to be included to balance the tax books.” Bond monies and tenant insurance pay-outs If investors keep part of a tenant’s security bond because they didn’t pay the rent, or because you have had to repair damage after a tenant moved out, it classifies as income. The same applies if insurance company pays out for rental lost because a tenant left. Reimbursements There are times when the investor receives money in lieu of damage to get repair work done to their property. "If a tenant gives money towards the cost of the repair, again that money must be recorded as income," Matthew says. "This is especially important if the investor wants to claim the repair cost as a deduction," Matthew continued. Government rebates The same principle applies for rebates as it does for reimbursements. If the investor installs a solar system to supply hot water, for instance, the government may provide a rebate. “As the solar system is a depreciating asset for which the investor will want to claim tax relief over a period of some years, they can’t claim for the entire value, if they didn’t actually pay the full amount because of the rebate received,” Matthew says. When the amount claimed exceeds the amount spent In some more complicated cases, as with limited recourse debt arrangements, financing, refinancing and notional loans, investors may not end up paying the full cost of the initial capital expenditure either. However, they may well want to claim deductions for this expenditure on a depreciating asset. In a similar way to the rebate situation, they could end up claiming for money they have not spent. The unpaid section has to be recorded as income, in order to balance a claim for the full expenditure. TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Adviser are 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. IT’S NEVER BEEN EASIER TO PLAN A FUNERAL 2019-03-18T23:29:59Z it-s-never-been-easier-to-plan-a-funeral-1 eziFunerals is pleased to announce the release of its latest video to help consumers plan a funeral online. Whether you are planning a funeral for yourself or for a loved one, our latest funeral planning video can help you learn more about our innovative platform. You’ll find out how to create a basic funeral plan in just minutes, and how you can connect with funeral directors in your area. Our eziFunerals planning platform is confidential, secure and free.   Watch our new Video   Funeral planning the easy way Peter Erceg, Owner and Founder of eziFunerals said “our SaaS funeral platform is simple and flexible. It’s up to the user whether to do comprehensive funeral plan or just connect with funeral directors online and get a Quick Quote. We want to empower consumers to take a more active role in the funeral arrangements, than they typically have done in the past. Our system lets you plan at need or in advance, leaving your family with a detailed record of exactly what you want. That type of information is invaluable when it comes time to make final funeral arrangements.” Among the features of the eziFunerals System are: Detailed funeral planning options. The ability to nominate a Funeral Guardian to take care of you final wishes. Connect with independent funeral homes Australia wide. Free funeral resources and guides. Create an Advanced Health Care plan. Private and secure storage of personal end of life records. Big savings on time and funeral costs. According to Peter Erceg, “eziFunerals is a leader in an industry that is slow to change. eziFunerals is constantly evolving. Our latest features, including ‘Advanced Health Care Planning’, significantly improves the interface for people using mobile devices. End of Life planning is not something that most of us want to do, so we use today’s technology to make it as easy and convenient as possible.”   How it works Go to www.ezifunerals.com.au Register as a new Funeral Consumer, or simply login to your account. Select a Planning module option and follow the steps provided in each section.   Learn More About Death & Funerals in Australia Read our FREE funeral guides View our BLOGS & ARTICLES Get your FREE Book: ‘What Kind of Funeral'   About eziFunerals eziFunerals supports individuals and families cope with end of life decisions, death and funerals. We are an independent, Australian-owned and operated company, and are not a subsidiary of any other corporation. We are not part of any other funeral company.   Classic Funding Group joins the lending panel for Connective 2019-03-18T04:07:49Z classic-funding-group-joins-the-lending-panel-for-connective Classic Funding Group announces today a new partnership with Connective, Australia’s leading aggregator, as an Equipment and Business cash flow finance lender. Connective has over 3600 members and provides services to mortgage, Commercial and Asset Finance brokers. Classic Funding Group, once a broker themselves, has built long standing relationships with asset finance brokers.  We have recognised that the broking community is changing with aggregators being the catalysts in encouraging new technology adoption and upskilling. With the recent Royal Commission proposals the speed of change could well accelerate. ‘I am delighted to partner with Connective. Their values of collaboration, trust and doing the right thing, align so well with our own’ says Paul Rathbone, CEO, Classic Funding Group. ‘We expect many mortgage brokers will look to broaden their portfolios in the future and believe that our lending solutions will work well for all Connective brokers.’ Brent Starrenburg, Head of Asset Finance, Connective, is on a mission to empower brokers through partnerships by making sure that they deliver real value for long term business growth together with the provision of lender choice. He welcomes Classic Funding Group to their lender panel, as a finance provider with some different working capital and asset solutions. ‘Enquiries are already coming in from Connective’, comments Gavin Judd. ‘It’s exciting for our sales team to be out across Australia meeting new brokers. We’re looking forward to supporting growing their business and meeting their clients finance needs’. _____________________________________________________________________ About Classic Funding Group Classic Funding Group is a leading alternative lender to the banks, providing finance solutions across Australia to small and medium businesses, large enterprises, Government bodies and education institutions both direct and through accredited broker partners. The company’s range of solutions includes Equipment Finance and Leasing, Clean Energy Finance, Debtor and Trade Finance. About Connective Asset Finance Connective Asset Finance is a leading asset finance aggregator providing members with access to an extensive lender panel, products and daily commission payments. Connective brokers are giving the tools, training and support to be successful in a dynamic industry. Members receive resources including the industry's leading software platform, Mercury, to manage clients and execute your marketing, personalised business development, compliance support, and the choice to diversify your offering and revenue streams with access to additional products.   Avi Networks doubles revenue and customer base as legacy load balancing giants fade 2019-03-11T23:58:56Z avi-networks-doubles-revenue-and-customer-base-as-legacy-load-balancing-giants-fade Avi Networks doubles revenue and customer base as legacy load balancing giants fade Continues to outpace incumbents with over 250 new features for traditional, multi-cloud, and container deployments SYDNEY — March 12, 2019 — Avi Networks, the leader in multi-cloud application services, today announced that it has more than doubled its revenue and number of customers each year for the past three years. Hundreds of global enterprises — including the world’s largest financial services, media, and technology companies — now use Avi Networks for their core applications across data centres and clouds. The world’s largest enterprises are replacing their legacy ADCs (application delivery controllers) with the Avi software platform for both data centre and cloud use cases. Over 80 percent of enterprises, in head-to-head evaluations, select Avi Networks over a hardware or software appliance from traditional vendors. “There’s a reason we take so many customers from legacy vendors,” said Avi Networks CEO Amit Pandey. “We remain the only enterprise-grade solution that deploys consistently across all environments. In response, legacy vendors are developing siloed solutions for each environment or attempting to modernise through acquisitions. “Meanwhile our architecture and controller technology is years ahead and getting better all the time. It’s no wonder that enterprises are choosing Avi Networks for their business critical applications.” Instead of managing hundreds of physical or virtual appliances, Avi customers can dispatch services like load balancing and web application firewall to any application using one centralised interface. Avi’s technology effortlessly spans bare-metal servers and private and public clouds, making it a natural choice for hybrid and multi-cloud environments. In addition to running anywhere, Avi Vantage works equally well with containerised applications. Avi’s new Universal Service Mesh integrates Istio to extend a single fabric across clusters, regions, and clouds to manage, monitor, and secure traffic externally and internally. This year, Avi Networks has also updated its platform with over 250 new features, including advanced controller and process analytics, client log streaming, and the release of Avi SaaS — the world’s first cloud-managed load balancing solution. Avi’s growth includes recent office expansions in Australia, India and the Netherlands to support research and development facilities around the world. The expansion follows Avi’s $60 million Series D funding last year, which added Cisco Investments to Avi’s existing investors. Avi’s total funding is $115 million. About Avi Networks Avi Networks delivers Multi-Cloud Application Services by automating intelligence and elasticity across any cloud. The Avi Vantage Platform provides a Software Load Balancer, Intelligent Web Application Firewall (iWAF), and Universal Service Mesh to ensure a fast, scalable, and secure application experience. Avi Vantage is delivered with SaaS or customer-managed options. Customers enjoy 90% faster provisioning and 50% lower total cost of ownership. Avi is backed by leading investors including Cisco Investments, DAG Ventures, Greylock Partners, Lightspeed Venture Partners, and Menlo Ventures. Contact George Tsoukas, ANZ Regional Vice President, Avi Networks. georget@avinetworks.com +61 (0) 419 310 900 Property Development Trends 2019-03-07T04:52:17Z property-development-trends WHAT DEFINES PROPERTY DEVELOPMENT? Property development is a process operating in business terms that involves different stages of buying, renovating, re-leasing and sales of lands, regardless empty or developed, and even current buildings. Property development is also commonly known as real estate development in some parts of the world. This property development process is tedious yet can be quite fruitful if it is successfully accomplished and ready for building construction. THE DIFFERENT STAGES OF PROPERTY DEVELOPMENT PROCESS. So, how does a property development process start? There are several stages for a real estate company to successfully complete this process, namely the research stage, the negotiation, and purchasing stage, the approval stage, the documentation stage, the pre-construction stage, the construction stage and lastly the completion stage. During the research stage, the respective real estate company will usually gather their elite team, which consists of finance managers, risk evaluators, surveyors, civil engineers, and project managers, so to gather information and understand better on the land or building on sale. This team will have to analyze the advantages and disadvantages of plan proceeding, securing the financing and development site, and evaluating the risks while coming up with several plans to mitigate these risks. Once all the details are affirmed and the team is given the green light to proceed from their management, the team members will then proceed to find property agents to negotiate the land or building prices, draft contract and buy. After purchase, the real estate company will be able to hire a civil engineer or civil planer who understands the law, regulations, and guidelines, so that the government grants a designing or planning license and followed by approval from them. The fourth stage is to get an experienced civil engineer to work along with the other engineers in the team on the current layout of development design and get approval. After which, a project manager will then be involved in the fifth stage so that the project manager will be able to select the best-fit team of construction contractors to work on the actual building layout and endorse a contract with the contractor During the construction stages, the team and project manager will need to understand and plan ahead for unforeseen circumstances, due to climate changes, and try to complete the construction within the stipulated timeline, so to reach the certain construction milestones at different stages. Once the construction is completed, the property company will then discuss and make a decision on how they should proceed with this completed construction and how they are to be able to earn profits from it. WHAT IS THE CURRENT TREND IN THE PROPERTY DEVELOPMENT INDUSTRY? For investors who are interested in the property development industry, it will be ideal for them to check on the current trend, before making decisions for their investment plans. There are different types of trends currently in the property development industry, like the build-to-rent or to invest due to capital flows. The build-to-rent trend is appealing to most investors in planning to have a stable passive income monthly after investing a huge sum of money into a building or an apartment unit. Capital flows are usually more for foreign investors, who are not residing in Australia, but at the same time helping to boost Australia’s economy in a positive way. Property development trends are constantly fluctuating and changing over the years. However, the country’s economy also largely depends on such property development for boost and growth, so as to maintain their current standard of living. IXUP introduces secure data analytics as on demand SaaS model 2019-03-06T23:37:07Z ixup-introduces-secure-data-analytics-as-on-demand-saas-model 7 March 2019: IXUP Limited (ASX: IXU) (“IXUP” or the “Company”), a technology company that secures data analytics, has announced a flexible on-demand software-as-a- service (SaaS) delivery option which will be available to clients in April. This additional deployment model will extend the Company’s market opportunity and enable it to capitalise off the growing use of SaaS technologies in the enterprise space. The SaaS deployment options will enable clients to purchase IXUP’s technology as a subscription-based license and access the secure and governed analytics platform through Microsoft Azure. It allows quick and easy access to IXUP’s secure data analytics technology, with minimal set-up costs, fast deployment and immediate access to analytics. The SaaS model will expedite time to value, save costs and encourage multi-party data analytics use by new clients who will benefit from a range of software bundles at different price points. The growing trend of organisations using cloud technology is driving new buying and consumption expectations, with client behaviour increasingly favouring subscription-based options. This is in line with a shift seen in the market toward a reduction of capital investment in traditional data analytical systems and services. IXUP CEO, Peter Leihn, said: “IXUP’s strategy is based on our core belief that combining one organisation’s insights with that of others delivers new value for customers. However, this can’t occur without the absolute confidence in the security and governance of the analytics and the use of that data. “Offering IXUP’s unique technology through the well proven SaaS model, represents an important progression in the realisation of our beliefs. We are making it quicker and easier for organisations to purchase and deploy IXUP’s platform where and when they want, while creating a platform for forward thinking organisations to partner with likeminded third parties for deeper and more valuable insight.” The Company’s SaaS model will provide a differentiated set of offerings to the market through the following solutions: IXUP Light TM: For new-to-IXUP customers looking to use our encryption technology to gain a capped number of insights per month through data partnerships; and IXUP Expert TM: For larger sophisticated data scientists and organisations that require multiple and repeated data collaboration enquiries per month. This is in addition to the Company’s current Platform-as-a-Service (PaaS) offering renamed: IXUP EnableTM: Designed for IXUP’s Super Collaborators who wish to leverage the platform to conduct secure collaborations with their key clients, on their own Microsoft Azure infrastructure. The addition of the SaaS model to the Company’s sales offering will strengthen IXUP’s go- to-market and sales approach and will address new and expanded market opportunities. -ENDS- About IXUP IXUP Limited (pronounced ‘eyes up’) is a listed technology company (ASX: IXU) that secures data analytics and delivers insights within a governance framework. The platform encrypts and connects data from multiple sources, solving the problems of data loss and misuse by enabling data owners to remain in complete control of their data. IXUP was listed in 2017. For more information visit www.ixup.com. Media Contact Jeffrey Coote Filtered Media +61 2 8188 3616 jeffrey@filteredmedia.com.au BBX Australia is proud to announce its strategic partnership with SKJR Securities 2019-03-06T23:16:17Z bbx-australia-is-proud-to-announce-its-strategic-partnership-with-skjr-securities BBX Australia is proud to announce its strategic partnership with SKJR Securities to provide its business members with access to more competitive financial products to support business growth Business owners in Australia now more than ever need reputable, sound and compliant financial advice to assist them in navigating the current financial pressures of lending. At SKJR Securities we have extensive knowledge of the banking industry and therefore we have the resources and connections to obtain financial options that are tailored to your individual circumstances. Click Here To Know More About SKJR Securities SJKR Securities Expertise: ✔ New Home Loans ✔ Personal Loans ✔ Private Funding ✔ Refinances ✔ Investment Loans ✔ Debtor Finance ✔ Financial Health Check✔ Business Loans ✔ Leasing If you require a reliable assessment of your borrowing capacity, we can arrange a pre-approval for your loan.  This process involves assessment of your income and credit details.  Filled form will enables you to be prepared to make an offer on a property, or investments, home loan, and commercial purposes with greater confidence. We Are Here For Your Financial Health Check Apply For a No Obligation Financial Health Check Apply for new funding Need a finance broker to help you manage your loans, whether it’s personal or commercial?  Welcoming SKJR Securities.  We can help you find the lending products to fund anything from a new home loan to a complex commercial deal.  At SKJR Securities we have extensive knowledge of the banking industry and therefore we have the resources and connections to obtain financial options that are tailored to your individual circumstances. Follow BBX on social media to get news, promotions and more.Check out our community and partnership available hereOr you would like to talk to us and register your business as our partner! We want to hear from you!Please contact us via email at info@bbxworld.com