The recent strawberry sabotage by a reportedly disgruntled employee – and potentially others who appear to have simply jumped on the bandwagon for some terrible reason – is a timely reminder of the importance of business insurance. With many businesses facing difficult economic times due to rising costs, increasing competition as well as changes to consumer…
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
With the end of financial year coming up soon, I thought I would provide some general tax strategies for property investors to consider: 1. Documentation: Keep summaries of all your rental income and expenses. This is much easier if you have your property manager looking after your property where they pay all expenses and collect all income….
Knowing what tax deductions you’re entitled to claim is key to maximising your return on investment – but that’s only half the battle… We have all heard the old saying about death and taxes being the only two certainties in life. This may not be the case when you take superannuation into account but that…
There are more than two million property investors in Australia but many of them never get past owning one property. And those who manage to buy a number of investment properties often hit a growth brick wall because of lending issues or poor asset selection. However others struggle to achieve their financial goals because they…
Housing affordability is the current topic of conversation at dinner tables across the Australia. And for families with Gen Y children, in particular, it’s probably a discussion based around how they’ll struggle to ever buy their own home. For those in Sydney and Melbourne, there’s no denying it has become a lot harder to…
The end of the financial year has now come and gone but investors still need to plan for the year ahead. Some investors look forward to this, while others try to ignore it for as long as possible. Why is that? In my experience, those investors who file their tax returns sooner rather than later…
With an ageing population and ever decreasing government resources, Australians are looking at being less reliant on the social security safety net and planning personal strategies to give themselves a comfortable financial security in later years. Given the vagaries of the stock market, investing in property is being recognised as a less risky way of owning…
Many of the property investors I speak with are often confused about the differences between Line of Credit facilities and Offset Accounts. Understanding how these two types of loan related products can function will help determine the best fit for your property investment strategy. What is a Line of Credit? A Line of Credit (often abbreviated to ‘LOC’) is…
The end of the financial year is upon us once again and it can be an especially busy time for investors. So, with 30 June just around the corner, here are a number of issues that retirees and property investors must understand beforehand. 1. Superannuation After the age of 60, many investors opt to reduce…
Do you make the most out of your potential tax deductions? Do you keep good records to substantiate your tax claims? Well you should because the ATO regularly targets property investors, so it’s important that you know what you can and cannot claim as a tax deduction. Of course expenses incurred in earning income, such as…
