Ben___ replied to the topic Accountant cost query. in the forum The Treasure Chest 21 years, 7 months ago
Have to agree with the mob, you should be able to find a great accountant for <$150/hr. They will probably be more useful too. Had an accountant for my company once that was into big fees and fancy offices, but dumped them pretty quickly.
You often find that expensive accountants are into looking good and managing their billings, rather than…[Read more]
Ben___ replied to the topic Paying interest one year in advance in the forum The Treasure Chest 21 years, 7 months ago
Would also depend on how long you have to wait to get the cash back. Some people with high salary and low investments try to bring forward their tax deductions. If you pre-pay on 29 June, you might have 50% of what you paid back in two weeks.
In general this would not be done by a serious investor, unless you were getting a deduction for the…[Read more]
Ben___ replied to the topic Renting from your own trust in the forum The Treasure Chest 21 years, 7 months ago
Further on renting from your own trust. There are several reasons to do so, eg you move into a former investment property, or you might have some cashflow advantages (depends on your situation I guess).
You might also be doing it for asset protection. I work in a high litigation risk field, and although I own my home outright in my own name, I…[Read more]