The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
The Holistic Accountant
Tax strategies to optimise your borrowing capacity
Want to boost your borrowing power without compromising your long-term tax strategy? In this episode, Stuart and Mena unpack the critical tax strategies that can enhance your ability to secure loans while maintaining wealth-building goals.
They dive into key tactics such as strategically increasing taxable income, delaying deductible expenses, and optimizing distributions from trusts and companies. They also explore loan structuring strategies—like refinancing to lower repayments, using offset accounts, and prepaying interest—to improve serviceability in the eyes of lenders.
Choosing the right ownership structure can also impact borrowing power, and they break down the pros and cons of personal, trust, and company ownership when seeking financing. If you’re looking to invest in property or grow your business while maximizing your tax position, this episode is a must-listen!
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Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
