A thief was caught after stealing some paintings from the Louvre in Paris, when his getaway van ran out of fuel. Given bail at his first hearing, a reporter asked him on the steps of the courthouse how he forgot such a vital part of his plan.
“Simple,” said the thief, “I had no Monet for Degas to make the Van Gogh.”
I know it is corny and I had to say it aloud with an Italian accent a couple of times before I ‘got it’ but the moral is important.
Have you planned and are you prepared for the end of the financial year?
We have sophisticated software in place to help reduce accountancy fees by giving our investors a comprehensive report on income and expenses handled through our office. You need to have a Quantity Surveyor prepare a depreciation schedule for the property. I did a podcast earlier in the year with Bradley Beer. He tells how you can save tax.
http://planinsek.com/pay-less-tax-understanding-depreciation-investment-properties/
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