Archive for March 29, 2015

Security Score Home System By Google Being Patented

With the recent news of Google filing a patent for its Security Score home system, one can’t help but wonder of the plans the company has for the home automation and security system. There are reports that DropCam Nest will be integrated in the system as well as Nest Protect which are both smoke detectors.

The patent’s title is called “Security Scoring in a Smart-Sensored Home”. It is said to be detailed with diagrams of various parts of the system such as the smart outlets, smart door knobs and home networks. The patent is said to focus on how devices inside a home can be connected and how “security scores” are going to help homeowners in their security systems. The patent also discusses the possibility of a notification service that could last for a month or a lifetime. The notification will be delivered to the homeowner’s device whenever an intrusion occurs and agencies handling emergency management will also be notified.

An excerpt from the patent states:

“This patent specification relates to apparatus, systems, methods, and related computer program products for providing home security objectives. More particularly, this patent specification relates to a plurality of devices, including intelligent, multi-sensing, network-connected devices, that communicate with each other and/or with a central server or a cloud-computing system to provide any of a variety of useful home security objectives.”

Venture Beat reveals that the Security Score is obviously going to adopt the same learning algorithm that Nest thermostats use. In a nutshell, the device will work like a smart alarm clock and learn the amount of time homeowners get ready before leaving their homes and around that time period, the alarm will be activated. Venture Beat also assumed that the technology used for Nest thermostats such as the motion sensor will be used on the Security Score for its learning mechanism. It also reported that Google is developing a plan that will include all the smart homes in a certain area and connect them together. This way, whenever a break in or a fire happens in a nearby home, the neighbors will be alerted at the same time.

The application for the patent was filed last year 2014 on September 17. The report was only made public this March. The patent as revealed includes the device’s schematic and its hardware description such as smart doorbell and doorknob. While the doorknob has a lock that can be controlled remotely, the smart doorbell is programmed to recognize a person and the homeowner is then alerted by the system with information via voice and visual. Unlocking is made easier because homeowners can use a mobile device as long as it is registered in the system.

Home Buyers In Perth Look For Greater Savings

The real estate industry in Perth is booming. One of the developers in the area is the Aveling Homes. Aveling Homes is a home builder that has received several awards being a dedicated builder. It provides a range of display of homes and lands. The engineers and agents in Aveling Homes work closely with their customers in order to meet their needs and satisfy them.

In Perth, investors are willing to compromise on the location of houses if there is a significant amount of savings from the choice. This is according to a managing director of Realmark, Mr John Percudani. The house and lot expert has a list of suburbs that are adjacent to each other but has significant differences in housing prices.

Typically when housing homes are situated next to upscale markets, there will be a positive effect in the neighboring areas. On top of the list of those that have significant differences is the Peppermint Grove with a price averaging to $3.95 million. This price is three times more than its neighboring housing development which marks at $1.4 million only, the Mosman Park.

On the southern part of the river, the North Coogee stands at $1.3 million which is far more expensive than its neighbors, the Spearwood which is valued at $545,000, Coogee $860,000 and the Hamilton Hill which is valued at $554,000. Rossmoyne which is located at the suburbs border is priced at $1.1 million while its neighboring housing developments, Bull Creek and Willetton are valued at $765,000 and $772,000 respectively.

There was a good reason why there is a big difference between prices in neighboring areas. The managing director also stressed that though other properties were valued at a much lower rate; the properties are of high quality and are situated strategically in the city. The current market conditions suggest that people looking for homes are much concerned with the dollar that goes with the home rather than on the postcodes. Customers are looking for great savings and the trend will just give them a break in finding their new affordable homes.

It is recommended though that buyers should weigh the potential benefits and draw backs of buying high priced housing in suburbs than those in cheaper areas.

Facts Regarding Actuarial Certificates

To obtain an actuarial certificate, there are things that should be taken into consideration. After getting one, there is another matter which concerns tax compliance and how to maintain it. SMSFs’ deducted by various things but the biggest single contributor to this deduction is the ECPI or exempt current pension income. For SMSFs to claim this substantial deduction, actuarial certificates are needed. By now, it is known to many trustees that tax compliance must be done right and properly if they don’t want to get in to trouble. Things must be accurate and tax-exempt income must not be overstated.

Actuarial certificates are not needed when claiming ECPI especially if the funds are already in the pension phase but there are unique cases where these certifications are required by the ATO. Members of the SMSF who transitioned in the pension phase in a certain financial year may claim an income tax exemption depending on the assets that is connected with the pension liabilities. Trustees under SMSF that are almost into retirement may benefit when moving to retirement pensions in order to add to their current income while the fund is still being contributed by them. Certification is important especially in funding where there are members in the pension phase and also in the accumulation. If an asset is not the only source of pension funds then a part of the income can still be included as an exemption from taxes.

The actuary will make a summary of calculation based on various matters such as the financial information regarding the fund, the contributions size and the timing, payments for pension, withdrawals of the lump sum, commutations and the commencement of the pension in order to point out what part of the fund are the pension liabilities. Exemption may be claimed as long as it can be proven that the pension fund meets the minimum standard for pension.

An actuary must know the exact information regarding fund’s transaction before applying for an actuarial certificate. ATO has already expressed its views regarding ECPI deduction and it was fully scrutinized since last year 2014 to make sure all claims are accurate.