Trust Duties In a recent Sunday Star Times article is a summary of Trust Duties which will be beneficial to anyone who has a trust or is a Trustee of a trust: The standards a Trustee must meet include: Being … Continued
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Watch out for the Principal
When investors are looking at buying investment properties, most investors work on the interest costs. But what about the requirements from your bank to repay Principal? Investors For the first year or two, most banks will make an attractive … Continued
Are you looking at buying a rental? Here is a simple review of a property advertised to give you some ideas as to what to look for…
Facts: Purchase Price = $315,000 House and Sleep out in Auckland Income: Rent – 50 weeks at $550 per week 27500 As a % of total house 8.73% Less Expenses: Accounting 1000 Bank fees … Continued
Tip 3 – How To Get More From Your Current Rental (The Twist)
Often the return on a rental property can be improved by utilising what is already available, rather than trying to buy another rental property. Big Section If one of your rental properties has a large section, you could look at … Continued
Looking to improve the performance of your rental property?
The simplest and easiest way to improve a rentals financial performance is to increase the rent. You obviously don’t want to rush into ‘just increasing the rent’, but rental properties are businesses, and need to be run as such. Any … Continued
Christmas Newsletter
2011 Xmas Newsletter How to improve the return on your rental properties Check out our Facebook page over the Christmas holidays to hear tips from Ross on how to improve the performance of your rental property. http://www.facebook.com/pages/Coombe-Smith-Chartered-Accountants-Waikato/232312306778900 Provisional Tax … Continued
Christmas Hours
Seasons Greetings Our office is closing on Thursday 22nd December 2011 at 12.00pm. We will reopen on Monday 9th January 2012. We wish all of our clients and colleagues a Merry Christmas and keep safe over the jolly season! For … Continued
Great Lending Options
Great Lending Options: Recently I had a meeting with Westpac’s Business Development Manager in Hamilton. We talked about great lending options that could work for you and your business. Commercial Property: If you are an Owner-Occupier, then Westpac will look … Continued
To Gift, or not to Gift!
Gift Duty was abolished as at 1st October 2011. There are a number of important issues to consider with your accountant and lawyer, before deciding to gift the full debt owing from you to your Trust. Gifting all the debt … Continued
Saving on Interest!!!
Saving on Interest!!! 6 September 2011 Interest is a major expense for Businesses and Investors, there are often ways to SAVE THOUSANDS in interest. We will explain a few examples and tricks you can use. 1) Case Study – Business … Continued