Client Document Portal is here!

We are pleased to announce that our new Client Document Portal is up and running.  This is a convenient and secure way of communicating with your James Gock & Co accountant.  You no longer need to deliver hard copy documents to our office or email files or spreadsheets.

Tax returns and financial statements can also be signed using a secure digital signature.  Contact your James Gock & Co Accountant to setup your Client portal login today.


Client Portal

James Gock & Co – Client Document Portal

Sage One Online Accounting – Certified Adviser

We are pleased to announce that we are now a certified adviser for Sage One Online Accounting.

Sage One is the latest cloud accounting software to enter the Australian online accounting market.  Although it is new to Australia, it is an established and well developed product, already used in more than 12 countries around the world.

Features of Sage One Online Accounting

Simple to use, it provides quotations, invoicing, automatic bank feeds and a customer portal for your clients to view their quotations and invoices.  Priced extremely well for small businesses, Sage One is worth having a look at.

Visit or contact our office at or (02) 9267 1688 for more information.

Try Sage One for Free



Seven tips to save around the house

One of the most effective ways to boost your savings and/or add to your super is to cut costs around the house. Here we outline some effective opportunities for spending less without feeling as if you’re going without.

1 Dress for success

Using an air conditioner or heater in Australia, especially with increasing electricity costs, hits the hip pocket directly. Think of how you might avoid using the air conditioning for a few hours or a few days each week, by dressing differently or better insulating your home. Consumer body Choice says adjusting your air conditioner by a degree cooler in summer and warmer in winter will increase running costs by 10–15%.1

2 Be entertained

Check the entertainment options for which you’re paying. It’s no surprise that a high number of households now have broadband and/or a pay TV subscription. Weigh up the options and determine if you’re getting ‘bang for your buck’ from these services. How much are you spending on TV and movies, and how much do you really use? And are you paying for movies and documentaries when you’re only watching sport channels? Check with your service provider to see what package options are available and customise your subscription accordingly.

 3 Shop around

From car insurance to mortgage costs to mobile phone plans, there could be better options that you’re missing out on. Figure out the services that cost you the most then have an honest conversation with the providers about how you might reduce those costs and then shop around. If they want to keep your business they will often find ways for you to save money or get more value out of the amount you’re paying.

4 Lose the landline

With the availability of unlimited mobile phone contracts, increasing options and quality of voice-over-internet protocol (VOIP) systems, you might find that you no longer require the traditional landline telephone. This will not only save money but it will reduce the chances of receiving human and recorded telemarketing calls. If you can do without it, don’t pay for what you don’t need.

5 Waste less, spend less

When shopping, look at your options when buying individual-sized cartons of juice, yoghurt, fruit, baked beans etc. They cost more and create more waste. It’s likely to be more cost-effective to buy in bulk, which will in turn keep money in your pocket.

6 Do you need it now?

When people begin to properly record their household expenses, many are surprised by the fact that they have become so comfortable with the ‘need it now’ mentality. Do

you need to buy the latest technology when last year’s still does the job? How about the newest mountain bike, running shoes, the most up-to-date fashion or a new car? This is a great way to save yourself thousands of dollars a year – by giving yourself permission to be happy with what you’ve got.

7 Budget, budget, budget

The savings tips highlighted above will only have an impact if you effectively map out your inputs vs outputs. Set yourself goals to work towards and implement the above tactics to give yourself the best chance of achieving them, and speak to your financial adviser to hear more cost-saving tips.


Important information

Andrew Gock of James Gock & Co (ABN 19 372 236 695) is an Authorised Representative of Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.

This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. ‘Count’ and Count Wealth Accountants® are trading names of Count. Count advisers are authorised representatives of Count. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Information in this document is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document. This document is not advice and provides information only. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.

When should retirement planning begin?

Consider a $1,000 investment that returns six per cent annually. Without any further investment it will be worth just $3,207 after 20 years, but jumps to $10,286 after 40 years. Similarly, an annual investment of $5,000 at six per cent return is worth $194,964 after 20 years but skyrockets to $820,238 after 40 years1. Time and compound interest are an incredibly powerful combination.

But it’s not just compound interest that comes into play for those who begin retirement planning as soon as they enter the workforce. There are many other benefits that help ensure a comfortable lifestyle at the end of one’s career.

One is the fact that the longer the investment timeframe, the greater the chance of riding out the volatility in various markets along the way. Another has to do with the development of great investment habits early in one’s working life. Such habits are essential to the development of a desired retirement lifestyle – whether or not you have a high-salary job right now, what actually matters in the long run
is what is in your savings.

Planning early and visiting a financial adviser can help ensure the structure of your investment plan is suitable for your specific needs and wishes. It helps free up funds that can be used for other purposes throughout your life, whether it be other investments, travel, building a house or enjoying a hobby. Retirement will be looked after by the long-term plan, and therefore gives you greater flexibility with how you
use your other savings in the meantime – whether it’s confidently holding investments outside of the superannuation environment, or simply enjoying greater cashflow.

Many early adopters of a superannuation or retirement plan make regular visits to financial advisers throughout their lives, ensuring their financial knowledge remains up to date. The simple fact that they begin their financial education before most even start thinking about retirement means they are ahead of the game, as they will make fewer financial missteps along the way.

Finally, the more time people spend putting money into superannuation, the more they are able to take advantage of changing overnment policies, such as co-contribution schemes and low-income superannuation schemes.

If you know a young person who has recently entered the workforce, you can share your knowledge about the benefits of seeing a financial adviser and encourage them to get on the path for a healthy financial future sooner rather than later.

1 Calculations have not been adjusted for inflation and interest is compounded annually. These sample calculations are for general information and illustrative purposes only. They do not represent advice specific to any particular investor. Count Financial makes no warranty as to the accuracy, reliability or completeness of any information contained herein. Investments are subject to a number of risks and the repayment of capital or the investment performance of any financial product covered is not guaranteed. Investors should seek independent financial advice.

Compound interest calculator found here:

Retirement planning calculator found here:

Important information
Andrew Gock of James Gock & Co(ABN 19 372
236 695) is an Authorised Representative of Count Financial Limited  ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.

This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123

Moving House? Treating a dwelling as your main residece after you move out

A common question from clients is in regards to capital gains on their home.  Generally, your main residence, ie, your home, is exempt from capital gains tax (CGT).  

 In the situation where `you live in your home or main residence and then cease to occupy it, you can choose to continue to treat that property as your main residence, under the Rules of Absence.

 If your home is acquired after 19 September 1985, the following Rules of Absence determine if your home is subject to capital gains tax (CGT) when you eventually sell or transfer it.

 Your original home can continue to be treated as your main residence
only if you do not own the dwelling you now live in.

Rules of absence

The main residence exemption can apply:

  1. indefinitely, if you vacate the main residence and leave it vacant or do not use it to produce assessable income (i.e. rent)
  2. For a maximum of 6 years if the home is used to produce assessable income while you are absent.  You are allowed another maximum period of 6 years after each time the home is re-occupied as your main residence.

Note:  A taxpayer does not need to re-occupy the dwelling before the sale or transfer of the property to retain the main residence exemption.

Examples: Renting and Leaving Your Original Home Vacant

Example 1: Home that is rented for 6 years and then left vacant


John owned a house for 20 years.  He stopped using it as his main residence for the last 10 years while he moved back with his parents. During this period, he rents it out for six years and leaves it vacant for four years.

 During the 10 year period, John can choose to treat the dwelling as his main residence for the period after he ceased living in it and disregard any capital gain or capital loss he makes on the sale of the dwelling.  

The maximum period the dwelling can continue to be his main residence while it is used to produce income is six years.  It does not matter whether the period during which the home is used to produce income is a single block of six years or several shorter periods, as long as the total period it was used to produce income is no more than six years.

Example 1a: Home that is rented more than one period totalling more than six years and left vacant

Using the previous example, in the last 10-year period of ownership, John stopped living in the house.  He rented it out for 6 years, left it vacant for 1 year, then rented it out for the next 4 years.  Because he did not live in the property between renting it out, the maximum period of main residence exemption is 6 years.  If he sold the property after owning it for 21 years, the fraction of 4 years / 21 years will be applied to calculate the capital gain.

Example 2: Home that is rented out more than one period totalling more than six years and re-occupied each time

A house is occupied by Matthew as a main residence for 3 years.  He is sent overseas for 6 years and rents out his home.  He moves back to Australia after 6 years of absence and re-occupies the house for 1 year.  He is sent overseas again and rents out the house for a further 6 years.  He then sells the house.

 If Matthew does not own the residence he lives in overseas, he can choose to continue to treat the house as the main residence during both absences, with each absence being not more than 6 years.  On disposal of the house, no capital gains tax is payable.  It is important that between each period of rental, the property is re-occupied and not merely left vacant.

Andrew Gock is an authorised representative of Count Wealth Accountants.  ‘Count’ and Count Wealth Accountants are trading names of Count Financial Limited, ABN 19 001 974 625, Australian Financial Services Licence Holder Number 227232.  Head Office: Level 19, 1 Alfred St, Sydney 2000 Registered Finance Broker (ACT) #173 106 645.
General advice warning:  The advice provided is general advice only as, in preparing it, we did not take into account your investment objectives, financial situation or particular needs.  Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives.