Total Members: 158,197

DAMProperty

  • DAMProperty replied to the topic Which Myob Package in the forum Legal & Accounting 12 years, 9 months ago

    I have designed my own spreadsheets that I use for my investment property bookkeeping business because I couldn't find any software that did what I wanted.  That is, work out my holding costs before tax, after tax, how much did the property cost me to buy, work out borrowing costs, re-allocate depreciation.  The spreadsheets calulate the ho…[Read more]

  • DAMProperty replied to the topic Which Myob Package in the forum Legal & Accounting 12 years, 9 months ago

    I don't think MYOB or Quickbooks are good for property investing as they are more designed for businesses.  Accountright Plus includes the payroll which you said that you didn't need.  I'm not sure if Quicken will do what you want.

  • DAMProperty replied to the topic Car Parks in the forum The API magazine have done a 12 years, 9 months ago

    The API magazine have done a couple of articles on car parks.  The latest was in their November 2009 issue.  They had a case study from someone who purchased one – he did it because he didn't have a car space for his job and so he bought one for use at that time.  He purchased it with cash, was able to sub-lease it if he wanted to, had to pay bo…[Read more]

  • DAMProperty replied to the topic Paying negative gearing with income tax as you go in the forum Creative Investing 12 years, 9 months ago

    If you are self-employed (sole trader) you can do the same thing on your BAS Return. Only problem is that you probably don't know your earnings so it makes it a bit hard.  The actual name for this is the PAYG Withholding Variation Application.  Or 15-15 form.  The name changed from 221D some years ago.  Here is the link from the ATO's webs…[Read more]

  • DAMProperty replied to the topic Is stamp duty tax claimable for IP? in the forum Legal & Accounting 12 years, 9 months ago

    I'm a bit late in replying and can see that Terryw has answered your question. 

  • DAMProperty replied to the topic Is stamp duty tax claimable for IP? in the forum Legal & Accounting 12 years, 9 months ago

    Did you set up the $45k as a separate loan on your PPOR?

DAMProperty

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,197

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!