Feb22538 APAC Insider- Business Awards 2023 BasedintheeasternsuburbsofMelbourne,PropertyTaxSolutionsspecialisesinprovidingaccounting, structuring, and taxation services for investment property owners and property developers. We spoke with Michael Armstrong at Property Tax Solutions to find out more about the company’s enduring success following its recognition in the APAC Business Awards 2023. With clients across Australia and around the world, Property Tax Solutions has built a robust reputation for expert services that cater to the needs of their diverse client base. This base extends from first time developers to large-scale, experienced developers, with Michael and the team able to adapt their services according to the unique requirements of both parties. Those requirements include offering smart tax strategies, asset protection, and addressing estate planning issues – all of which the team achieves with a practiced skill and diligence. Operating as a leader in this space, Property Tax Solutions needs to be trusted entirely to work in the best interest of the client, as Michael explains in more detail. “Our philosophy behind client service revolves around trust, expertise, and personalised attention. We believe in building strong relationships with our clients, understanding their unique needs, and providing tailored solutions. To maintain our high standards, we invest in continuous professional development for our team, ensuring they are updated with the latest industry standards and practices. “Regular internal reviews and client feedback mechanisms are key to our quality control, ensuring consistent excellence in our service delivery. Our approach is to combine technical expertise with a deep understanding of our clients’ businesses, fostering long-term partnerships built on reliability and mutual respect. With all that in mind, the company’s success has been maintained throughout a period of significant uncertainty in the APAC region. The greater market earlier this year was defined by fragmentation, where certain locations and properties were outpacing others in terms of capital growth. But there have been other challenges too, as Michael moves on to discuss. “One challenge has been in securing development financing. Developers face the common challenge of securing financing. They are increasingly exploring diverse financing options, including non-bank lending and leveraging partnership. On the side, a challenge that is facing the greater construction industry immensely at the moment: rising costs. Developers are combating rising construction costs by adopting sustainable building practices and seeking cost-effective solutions. Tools like Cordell Estimator Platinum are being utilised to track price fluctuations of building material.” However, that push towards sustainable alternatives is opening opportunities for investment, which is also an area that Michael and Property Tax Solutions are keeping a close eye on. “Finally, we’re facing a market fluctuating on the back of changing economic conditions: developers must adapt to economic fluctuations, including interest rate changes and broader economic shifts. They are focusing on adaptability and informed decision-making to position their projects successful. Yet, while property development in Australia faces challenges like financing, rising costs, and land acquisition, the dynamic market conditions and population growth offer significant opportunities for innovation, growth, and profitability.” With an internal culture that enhances the qualities that have made Property Tax Solutions a dominant force on the Australian industry, the company has moved confidently from strength to strength in the years since its establishment. Ultimately, the future of Property Tax Solutions is one of continued growth and expansion, as it continues to deliver best-in-class services to its clientele. Michael enthuses, “Our chief goal is to continue to learn and grow and help our clients along their property development journeys.” Company: Property Tax Solutions Name: Michael Armstrong Email: michael.armstrong@ propertytaxsolutions.com.au Web Address: www. propertytaxsolutions.com.au Address: Unit 1403, 661 Chapel Street, South Yarra, VIC, 3141 Telephone: 03 8080 9254 Most Trusted Property Development Tax Advisory 2023 - Australia Oct23645
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