Investor Tip: June 30 is approaching – here are 3 handy tips to ensure you’re organised this year
By | 21st Apr 16

Can you believe we are already in May? If you are an investor you may want to keep in mind a few things to ensure tax time is a stress-free and organised occasion this year.

If you’re an investor, or thinking of investing in property, you might want to start thinking and planning before the end of June with your accountant.

Cash flow budgeting - It’s a good time to really look at your property goals and review your cash flow. It’s easy to get excited about investment opportunities, but it’s important you do your due diligence and know confidently that you can make the loan repayments. We like to advise our clients to have some sort of padding in their budget to ensure their investment doesn’t become a burden when unexpected payments are needed.

SMSF – Self Managed Super Funds – are you managing your own super? If you have some extra dollars, you may want to consider increasing your contributions to your super. Depending on your situation, this may be a tax deduction for any contributions you make.

Depreciations for renovations – we recently wrote an article on depreciation for any renovations made to your investment. Tax time is a busy period for accountants, so ensuring you have all the documents you need will be helpful for everyone.

If you property is managed by Advantage Property Consulting, we guarantee to issue your end of year financial report on the 1st July so you can be prepared for your accountant.