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Property Investment

The 13 Steps for Property Investment Success

If you’re not a seasoned property investor, making your first property purchase can be a daunting process. To help you on your property investment journey, here are 13 simple steps you can follow: 1. Consult With Your Accountant At Knox Taxation and Business Advisory, we specialise in providing advice in the following areas related to…

Audit Insurance Vs Accounting Insurance

ATO AUDIT COSTS ARE NOT ALWAYS COVERED IN ACCOUNTING INSURANCE Knox Taxation & Business Advisory, in Boronia, want to ask you some very important questions – 1. Have you checked your Accounting Insurance Policy lately? We know you’ll have received your Accounting Insurance Policy (or are about to) for the new Financial Year. Where you…

What Expenses Can You Claim as a Property Investor?

What Property Investment Expenses Can I Claim? So you’ve taken the plunge! You’ve bought that alluring investment property. And you’re more excited than a Cheshire cat with a fresh bowl of Whiskers with hundreds and thousands on top. Now what? Time to start collecting receipts, open a new manilla folder, sit down with the calculator…

3 Things to Consider if Purchasing a Property

SMSF, Tax Depreciation & TID Variation Considerations. Want to know more? ASK US about Property Investment and Capital Gains Tax at Knox Taxation and Business Advisory in Boronia. We’ll take you through the information you need to understand when it comes to SMSF, Tax Depreciation and TID Variations – as well as all of the…

Can You Actually Afford to Become a Property Investor?

Affordability, Structuring and How to Decide on Whom to Invest With… Capital Gains Tax and its ramifications don’t have to be a mystery. But if you don’t ‘get it’, ask us at Knox Taxation and Business Advisory. We’ve got the answers from all angles. Last week we talked about the basic principles of Capital Gains…

Capital Gains Tax

Are your eyes wide open, or just peeping out of the corners? At Knox Taxation and Business Advisory, your Accountants in Boronia, we’re here to help de-mystify what you think you know about Capital Gains Tax, and replace that with sound knowledge and advice. “There’s a lot of talk about buying into an investment property, but,…

Income Splitting & Rental Income Deductions

What’s your interest in Income Splitting? Are you maximising your potential? Are you falsely claiming Rental Property Deductions? DON’T GET STUCK BY DOING THE WRONG THING! Interest and Income Splitting Investment income is the easiest income with which to achieve effective income splitting. For tax purposes, interest income is generally considered earned by the holder…