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How To Legally Reduce Your Tax, and Offset Negative Cashflow In Your Property Portfolio w/ Catherine Simons | #214

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Taxes and property investments can be a maze, but fear not! 

Things tend to go awry for many with tax variations and variable incomes. But our team steps in to ensure your tax rates are on track. 

I chatted with Catherine Simons, an expert accountant at the WSC group. 

We covered why property prices rise despite interest rates, inflation, and regional markets. 

Tax variations are handy forms filed with the ATO at the year's start, ensuring a flat tax rate throughout. It avoids big payouts and keeps cash flowing. 

For property investors, tax variations offer benefits like improved cash flow and faster debt repayment. 

Even with rising interest rates, you can claim a significant portion of property costs in tax deductions. 

Just remember…

… do good record-keeping and avoid mixing personal expenses. 

Catherine shared fantastic advice. 

So check out the podcast for more insights. 

Trust me, it's worth a listen!

If you love this episode, email us at podcast@dashdot.com.au, and don’t forget to subscribe, rate, and share this podcast! 

See you on the inside! 

 

In this episode, we cover:

  • 00:00 Coming up
  • 03:37 Tax variation: The day-to-day magic for savings! 
  • 06:36 Boosting property investments: Tax variations made easy. 
  • 09:11 Your situation, your solution: Apply tax variations personally. 
  • 13:45 Oops! Tax variations gone wrong? Let's fix it. 
  • 16:02 Pay raise = Higher tax? Let's break it down. 
  • 20:26 Negative cashflow? Don't worry, we've got you covered. 
  • 22:43 Tax tips galore! Essential info on this topic. 
  • 26:27 Loan payoff proportions: What you need to understand. 

 

About Catherine

Meet the incredible Catherine Simons, Deputy Managing Partner and Chief Operating Officer of WSC Group! She's an absolute wizard when it comes to rental property investment and providing expert advice to small to medium-sized businesses.

Whether you're a property investor looking to maximize your returns or a business owner seeking valuable insights, Catherine has got you covered. With her wealth of knowledge and expertise, she's your go-to person for all things rental property and business-related.

Stay tuned as Catherine shares her invaluable tips and strategies that can take your investments and business ventures to new heights.

 

Connect with Catherine

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