Justin, Author at Boanco

Rental Property Tax Deductions Checklist

Leave a Comment / Property Finance, Tax, Tax deduction / Justin

Deductible Expenses Fees for bookkeeping services, accountants, and accounting software Renting out the property is advertised Agent commissions and fees for property management Bank fees for accounts used for paying bills and collecting rent Fees for body corporate (excl special purpose levy contributions for improvements, initial repairs) Borrowing costs, such as broker commissions, valuation fees, […]

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Should You Buy Property Now or Later?

Leave a Comment / Accounting, Property Finance, Real Estate / Justin

After the Reserve Bank raised the cash rate for the first time in a decade, everyone who has an interest in property is now wondering what happens next? Will the housing market crash? Will inflation create a recession? Should I buy a property now? Above all, the key concern for homeowners, property investors and people

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How to pick a trustworthy accountant

How to get ready for a rate increase

8 Reasons Why You May Need a Financial Advisor

Leave a Comment / Accounting, Tax Planning / Justin

To have a comfortable financial future, one needs to have a good financial plan. Comprehensive financial planning allows you to better manage your finances and avoid a shortage of funds in case of an emergency. However, creating a financial plan is not an easy task. Therefore, we recommend that you seek the assistance of a

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Are Financial Advisers Worth It?

Leave a Comment / Family Fund, Investment / Justin

It’s a huge decision whether to work with a financial adviser or handle your investments independently. Not everyone needs to work with a financial planner or consultant on an ongoing basis. Professionals who specialise in financial planning and management are known as financial advisers. When you are having a family, being laid off, saving for

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Prepare for EOFY – Tax Planning Strategies

Leave a Comment / Accounting, Tax Planning / Justin

As we enter the new fiscal year, we’ve put together a list of facts to consider when planning your EOFY tax return. If you are considering tax planning issues for June 30, 2022 and beyond, the following information will provide you with some information. Tax planning in Australia involves several considerations, including: comparing the different

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Changes to Superannuation

A Guide To Buying an Investment Property

Leave a Comment / Investment, Property Finance / Justin

Buying an investment property can be an effective strategy for creating wealth and protecting your future. It can help improve cash flow, offers tax benefits, and is considered to be more stable than other investments. Many Australians do not take the first step in buying an investment property, thinking it is prohibitive and completely out

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First Home Buyers Scheme – Buy your first home with 5% deposit

Leave a Comment / Investment, Property Finance, Uncategorised / Justin

The federal government has announced that it will expand access to its Home Guarantee Scheme, which lowers the barrier to entry for first-time buyers and single-parent families into the housing market and does away with the need for mortgage insurance. With a deposit as little as 5% for first-time homebuyers or 2% for single-parent households,

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