URGENT! Quantity Surveyor – Tax Depreciation Quantity Surveyor Specialist

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TYPE OF WORK

Full Time

SALARY

AUD 1,600 - AUD2,500

HOURS PER WEEK

40

DATE POSTED

Nov 18, 2024

JOB OVERVIEW

**Please read experience requirements carefully**

Quantity Surveyor – Tax Depreciation Quantity Surveyor Specialist
https://tdqs.com.au/
Type of Employment: Full Time
Salary Range: AUD$8 per hr - AUD$10 per hr

Company Overview:
TDQS specializes in tax depreciation and quantity surveying services, providing expert support to individuals and organizations in managing asset registers, capex updates, and replacement costs. Our deep knowledge of local and national regulations helps our clients maximize tax deductions, ensuring compliance and protecting against financial, legal, and reputational risks.

TDQS offers a comprehensive range of Quantity Surveying services, including cost planning and estimating, bills of quantities preparation, and tender documentation and analysis to support project budgeting and procurement. They manage contract administration, provide value engineering to optimize costs without compromising quality, and conduct project cost control and financial reporting to ensure budget adherence.

TDQS also provides insurance valuations, risk management, life cycle cost analysis, and feasibility studies to assess project viability and financial sustainability. Their services are designed to help clients make informed decisions, manage costs effectively, and enhance the overall value of their projects.

Description:
We are seeking a Quantity Surveyor with at least 5 years of experience who has an interested to develop specialisation skills in tax depreciation and asset management. The ideal candidate will be skilled in preparing comprehensive depreciation schedules, estimating replacement and refurbishment costs, and ensuring compliance with industry standards. This role is critical in supporting our clients with precise and optimized tax solutions, enhancing their financial outcomes while maintaining regulatory compliance. The candidate can be a member of Philippine Institute of Certified Quantity Surveyors (PICQS) / Royal Institution of Chartered Surveyors (RICS) or in the pathway of becoming a member of PICQS / RICS.

Responsibilities

1. Tax Depreciation & Capital Allowances:
o Able to follow instructions and use company’s procedure to prepare tax depreciation schedules, asset register, capex update and write-off allowances
o Understand the difference between depreciating assets (Division 40) and Capital Works (Division 43)
o Able to identify and categorize depreciating assets accurately according to industry standards and relevant tax codes e.g. residential vs commercial properties.
o Able to measure and quantify depreciating assets accurately and efficiently
o Willing to learn tax code and utilise AI to assist in tax coding depreciating assets according to its industry
o Able to price depreciating assets and match back to construction cost trade and elemental given for the same output
o Assess and make appropriate allowances for each trade/element, aligning them with construction costs and percentage allowances for preliminaries and professional fees
o Able to estimate refurbishment costs for capital works purpose and back dated to its historic costs
o Able to prepare elemental reinstatement cost assessment for buildings and contents
o Prepare elemental cost estimate and apply preliminaries and fees accurately according to project specifications.
o Stay updated on changes to tax depreciation laws and regulations, ensuring all schedules and assessments are compliant.
o Ensure that all depreciation schedules and assessments meet ATO and other regulatory requirements.
o Review and refine internal processes and procedures to ensure ongoing compliance with local tax legislation.
o Review client operations and procedures to identify potential compliance risks and provide guidance on corrective actions.
o Train and mentor team members, ensuring quality standards are met and projects are delivered on time.
o Prepare clear and detailed reports that communicate the results of tax depreciation and cost assessments to clients.
o Maintain comprehensive records of all assessments, calculations, and recommendations for audit and reference purposes.

Key Responsibilities (Secondary Role):
2. Quantity Surveying:
o Cost Planning and Estimating: Prepare detailed cost estimates for construction projects, including feasibility studies, preliminary budgets, and detailed cost plans. They help clients understand the financial implications of design decisions.
o Contract Administration: Managing contracts between clients and contractors, ensuring compliance with contractual terms, assessing progress claims, and certifying payments. Handle variations and disputes.
o Tendering and Procurement: Managing the tendering process, including preparing tender documentation, evaluating bids, and recommending suitable contractors. Assisting in selecting procurement methods and negotiating contracts.
o Value Engineering: This involves identifying cost-saving opportunities without compromising on quality. Working with the design team to optimize project costs by suggesting alternative materials, construction methods, or designs.
o Cost Control and Reporting: During the construction phase, quantity surveyors monitor costs, assess progress against the budget, and prepare regular financial reports. They forecast final costs and advise on any corrective actions needed.
o Feasibility Studies: Conduct feasibility studies to assess the financial viability of proposed projects, taking into account costs, revenues, and potential risks.
o Insurance Valuations: They provide valuations for insurance purposes, ensuring properties are adequately insured and covered against risks such as fire, flood, or other damages.

Requirements:
• Proficiency in industry-standard estimation software and financial modeling tools.
• Experience with Australian tax regulations, especially related to property and asset depreciation.
• Ability to work independently and manage multiple projects simultaneously while meeting deadlines.
• Proven track record of delivering high-quality, compliant tax depreciation schedules and assessments.

*Quantity Surveying*
A minimum of 5 years+/- of experience in quantity surveying with a focus on tax depreciation and asset management.
• Bachelor’s degree in Quantity Surveying, Accounting, Finance, or a related field.
• Member of RICS, AIQS, PICQS or equivalent professional bodies.
• In-depth knowledge of tax depreciation schedules, Australian depreciation legislation, and asset categorization.
• Strong analytical skills with the ability to accurately estimate costs and assess the value of depreciating assets.
• Exceptional attention to detail, ensuring all assessments and reports are precise and compliant.
• Excellent written and verbal communication skills for preparing reports and client presentations.

Benefits:
• Competitive salary and performance-based bonuses.
• Opportunities for professional growth, continuous learning, and skills development in a supportive environment.
• Opportunities to be the Manager who lead and manage a team of off-shore talent quantity surveyors.
• Access to Advanced Technology and Infrastructure and estimating software.
• Flexible remote working arrangements.
• Collaborative work culture with a focus on innovation and client satisfaction and results.

Application Process:
1. Send us a 2-5min video introducing yourself and why you'll best fit this role and our team culture
2. Include a copy of your resume + link to your LinkedIn profile
3. Prepare three (3) Contact referrals (2x professional and 1x personal) to be contacted after progressing past the first interview
*Please submit your video, resume and case study answers to aleana@purposeadvisory.com.au

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