2024: The Golden Year of Tax Planning

Don’t forget to download the free Fact Sheet for a summary of what is covered in this episode!

In today’s bonus episode, Ben is joined by esteemed guest expert Julia Hartman (founder of BAN TACS and Chief Technical Tax Advisor at Empower Wealth), and together they discuss tax planning strategies and why 2024 is the absolute golden year for tax planning!

Get actionable tips around superannuation contributions, learn the importance of maintaining accurate depreciation schedules, and maximize your legal entitlements when it comes to your investment properties.

It’s more important than ever to get your strategy right before 30^th June, and if you’re looking for an investment-savvy tax accountant that can help, fill out the form here: https://www.thepropertycouch.com.au/tax

Let’s make this financial year the most empowering one yet!

 

Timestamps

• 0:00 – 2024: The Golden Year of Tax Planning
• 04:43 – Tax planning for rental properties
• 11:12 – “Improvements” vs “repairs”
• 22:30 – Useful tip around “first owner” vs “second owner”
• 28:58 – All about depreciation schedules
• 31:47 – Tax tips for FY2024 individual returns
• 38:12 – Why you should delay your bonus?!
• 39:02 – What’s different about superannuation this tax year…
• 46:49 – Take note if you have HECS/HELP debt!
• 50:58 – Still haven’t lodged your FY2023 tax return? Here’s what you need to do.

 

Free Stuff Mentioned

• New to The Property Couch? Download our Binge Guide – 20 of the first episodes condensed into one easy-to-digest booklet!
• We’re giving away FREE copies of our best-selling books: Make Money Simple Again (e-book) and The Armchair Guide to Property Investing (physical book)!
• Check out our brand-new “lifestyle by design” app – Moorr. This free app simplifies how you manage your money using our hugely popular MoneySMARTS system.

 

Previous “Talking Property Tax” Episodes

• The Top 5 Tax Rules Every Property Investor Must Understand
• Tax Planning Tips to Maximise Your Returns (Part I)
• Tax Planning Tips to Maximise Your Returns (Part II)
• Your Ultimate Guide to Reducing Tax on Vehicles, Private Insurance & Land
• Navigating Tax Changes in 2023: Updates to Remote Work Claims, Renting and Victoria’s New Tax Grab
• Maximise Your Returns: Mastering End-of-Year Tax Planning, HECS Hacks, Super Strategies, and More