5 Tips for Reducing Your Tax Liability When You Own Investment Properties

23 November 2020
Categories: , Blog

When you own investment properties, you have to report the funds you collect from rent as income, but luckily, you also get to deduct a lot of expenses. To ensure you keep your tax liability as low as possible, consider implementing the following tips. 1. Use an Expense Tracking App To ensure you never miss a deduction, you may want to invest in an expense tracking app. There are all kinds of options on the market, but they all work about the same. Read More

Tax time sucks

About Me

I swear, no matter what I do I get stressed out at tax time. I'm not very good at keeping track of my paperwork. For many years I felt like everyone else must have some kind of secret in how they got big tax returns and I ended up with a bill every year. Then I realise what the 'trick' was - having a great accountant. Finding the right accountant not only helps to ensure that I get the maximum tax return but it also makes the whole process a lot less stressful as he gives me tips like taking photos of my receipts on my phone so I can´t lose them. This blog has tips on finding a better accountant for your tax return if you are a little disorganised like me.