Buying a Property Using Your SMSF

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As the country experiences economic crisis, buying real estate becomes tougher because people’s savings are eaten away by very high prices of commodities. This is the reason why there are an increasing number of people purchasing properties using their money from their Self Managed Super Funds (SMSF).

Before, it has not always been easy to invest in property using superannuation money since it is very expensive. Thanks to the changes in laws, the process of purchasing real estate has been simplified using super funds.

Most people prefer to use an SMSF with their property investing for their retirement years because this process allows them a simple way to eliminate paying income tax as well as capital gains tax.

To learn more on how you can buy properties using your SMSF, watch the video below:

Accountants Perth: The Negative Effect of Not Hiring a Business Accountant

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Running a business is not easy as it seems – keeping your business on the right track is very difficult especially when thinking about your internal operations. When it comes to this, you will then realise how big accounting really is especially when accounting the earnings and expenses of the company.

Accountants Perth

A broad knowledge in accounting is very essential in every business regardless of its size. This is the reason why it is relevant for every company to have an expert accountant to settle all your company’s accounting works.

There are some misconceptions about the value of an accountant to a business. Many people believe that the main purpose of these professionals to a business is only to file tax forms and reduce their client’s tax payments. Another misconception about them is that they are expensive because the services they offer are so simple and can be done by anyone who has basic knowledge on business and commerce.

Because of these misconceptions, many businessmen opt not to get an accountant. That’s the major reason why they fail to properly manage their operations and accounting duties which later results to the failure of the entire business.

Accountants can perform the roles of a bookkeeper, financial consultant, task manager and more. More importantly, accountants are able to provide you the peace of mind of knowing that you are still able to record and manage all your financial statements as regularly as possible.

If you need an accountant to guide you with your business or personal financial planning, please visit Accountants Perth.

 

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