Retirement Bonds
Managing your Retirement Living
As people age, many choose to move into supported living and Retirement Villages are becoming increasingly popular. That is, people having their own unit in a village area, with shared activities and increased support compared to what they would get living at home.
“Owning” a Unit in a Retirement Village is not necessarily the same as regular real estate ownership. There are many ways that you can occupy a unit in a Retirement VIllage
The most common forms of occupation are Licence, Long-term Lease, and Strata Title Ownership. Many of these involve the payment of a bond that can be repaid or passed on to family members when a resident leaves their Retirement Village accommodation.
At CBKBS Business Solutions we can help families manage retirement living and retirement bonds.
Here is a quick rundown of the common retirement living structures.
common retirement living structures
A Licence Agreement
A Licence arrangement means ownership remains with the developer. The older person that wants to move in pays a licensing fee allowing them to occupy the premises. Some of this money may be returned at the end of their occupation.
Long Term Lease
Another option common is the long term lease. There are more obligations on the owner of the property and the contract of lease gives some certainty to the resident of the apartment.
Strata Title
In some Retirement Villages, ownership of a unit is sold and a purchaser can take ownership of a strata title. This is similar to owning any other unit where you have ownership over a property. You will have ongoing body corporate fees to cover shared costs for communal spaces, but you will also get some say over the ongoing nature of these shared spaces and the running of the village.
At CBKBS Business Solutions we can ensure you have access to the right advice, allowing you to make informed choices before a family member moves into a Retirement VIllage.
No matter your choice of accommodation, the team at CBKBS Business Solutions can help you manage Retirement Bonds and payments.
At CBKBS Business Solutions we know how hard it can be for you to understand different retirement living options and any Retirement Bonds you may need to pay. It’s not your area of expertise. If you’d like help with Retirement Bonds to give your family some certainty with planning, please get in touch today for a no obligation quote.
Contact us today to learn more about our Retirement Bond management services
Bookkeep
Are you looking for an experienced bookkeeper to maintain and support your business? A bookkeeper is responsible for providing accurate and up to date financial information regarding your business. Keep your books on track with CBKBS.
Payroll
When starting a business it is always a great idea to have people in your corner that know what they are doing. You need support and someone who can minimise stress, having a bookkeeper that can also manage your Payroll is one stress you no longer have. CBKBS are happy to help with the management of your payroll, giving you more time to spend on more important things.
EOFY Adjustments
Preparing for the end of the financial year can be pretty daunting if you do not know what you are doing, no matter what stage you are in within your business. You always need someone on your team who can prepare you and know exactly what they are doing. CBKBS are helpful, knowledgeable and experienced.
Budgetting
Budgeting can be a hard part of any business and home life, finding a bookkeeper who can not only keep on top of all of your paperwork with the ATO but can help you budget and get on track is a priceless tool to have a part of any business. CBKBS are a vital part of every operation they are involved with, having many years of experience, Carla can get your finances on track.
Retirement Bonds
Planning the next chapter in your life or just planning ahead. It is always good to get your ducks in a row, CBKBS are experienced in retirement bonds and are very happy to walk you through the process. Get in touch with CBKBS today so you don’t need to worry about tomorrow.
Work Cover
Whether you are self employed, sub contracted or employed by a company, looking after your own wellbeing should come first. Unexpected things can happen in life and we would always like to be in the best position. CBKBS can help you understand why you need work cover, why it is important and how to go about it. Call CBKBS today for the safety of yourself and others.
Accounting Software
Accounting software is fast paced and always evolving, having a bookkeeper who is up to date with all accounting software is an absolute must these days. In modern day society it is so important that your bookkeeper has your best interest in mind. CBKBS are always learning and will always put your business first.
BAS & IAS
Are you on top of your BAS and IAS? Or are you looking to find a bookkeeper who can help you through all stages of your business activities. It can be fairly daunting starting a new business and not knowing what to pay and when to pay it. When hiring CBKBS to look after you and your BAS and or IAS you will confidently know you are being looked after.
Business Health Check
Finding a good bookkeeper is hard but finding a great one is even harder. CBKBS will handle all of your bookkeeping needs, including a business health check. A small business health check is an in depth look into your business finance. It is an easier way to find any issues or potential issues and will give you ways to resolve any problems. CBKBS highly suggest every business get a business health check.
Preparing Reports
When hiring a bookkeeper, you are employing someone to oversee your business and make sure that your business is always in order. From informing of government regulations and grants to preparing your annual reports. CBKBS will prepare reports for you so you are able to track and is a measurable format of what your losses and profits are from the year. CBKBS recommended receiving reports so you can keep your business on track.
Rescue Jobs
Are you in need of a bookkeeper who is experienced in rescue jobs? If your books are older than three months old and you are in any of the following scenarios, you will be in need of a rescue job: Need to lodge outstanding BAS for months or years, Behind in your superannuation contributions, Behind in your tax return lodgement A lot of time people put off doing or catching up on their lodgements due to the fear of a bill from the ATO. Unfortunately for every quarter that you miss or that your lodgement is overdue, you will face penalties. CBKBS can take the stress away from letting your bills get on top of you.
Some of the locations we service:
- Carrum Downs Bookkeeping
- Mount Eliza bookkeeping
- Frankston bookkeeping
We are industry specialists as:
- Mechanic bookkeeper
- Nursing Home bookkeeper
- Hospitality bookkeeper
