Accounting Insider - Property, Wealth, Business Tips & Tricks

Following the dramas of Kym’s rental property nightmare (previous episode), Mr Accounting Insider was looking forward to kicking back with a Bintang and enjoying a well earned rest. It started out that way. Kym spared no expense (which is a big deal for an accountant) on a lavish holiday with his family, and enjoyed every minute of it. In fact, taking the time out to clear the mind and step out of his normal routine enabled the creative juices and new business ideas to flow. Towards the end of the trip, Kym and his mate wanted one last motorbike tour. Fast forward a few hours, Kym’s mate is in a Bali hospital with a serious injury. Kym explains exactly what happened, and the issues of medical care and insurance it raises for holidaymakers. Again, enjoy the stories and lessons from Kym Nitschke, the Accounting Insider. About Kym, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke

Just days before Kym's well-earned Bali holiday, disaster struck. One of his tenants contacted him about a problem. And this isn't just any tenant - he's a lawyer who knows his way around the Tenancies Act. So Kym was on his toes, but still expected that the issue could be dealt with on his return from Bali. But on inspection, it became apparent that this wasn't an ordinary problem. An entire wall at the old house was on the brink of collapse, potentially threatening the safety of the tenants AND Kym's investment. Kym's foundations were tested even more than the house. Everything he stands for(and has spoken about on this podcast), including his investment style, property management process and other philosophies were questioned. Find out how Kym handled the disaster just days before his holiday, how his philosophies stood up and what he learned. (**Accounting Insider is now back weekly following Kym's holiday**) About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial ad

So you've decided to break free from the office cubicle and start your own business. What now? Kym Nitschke talks about the key issues you'll need to consider in the first year. Kym talks about goal setting, positivity and inspiration as well as more practical issues such as setting up your company, business plans, cash flow, buying equipment and much more. Let's get started! About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesman, Kym uses his decades of experience to develop

Kym Nitschke is amazed by the favour that medical professionals receive from the tax office and the banks. The fact that many doctors aren't making the most of these benefits is just as surprising. Benefits extend to: - Car, personal and home loans - Entitlements for owners of private practices - Education allowances - Superannuation entitlements Much more! In this episode of Accounting Insider, Kym reveals how doctors can cash in. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for

A Trust is the best friend of an accountant and his savvy clients. Kym Nitschke says there’s much to love about Trusts, including the many tax benefits and ability to protect property and assets. There are also things that many do not know about trusts, including ways to benefit from a deceased estate and pay school fees tax free! Can a Trust help you? Tune in to Accounting Insider and find out. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesman, Kym uses his decades of exp

Kym Nitschke is forever attempting to balance his lifestyle desires with his frugal accounting sensibilities. EBay has allowed him to do just that. Kym talks about the all of the benefits that eBay brings, including time and cost advantages, as well as tips for use and the back story of one of the world’s most influential companies. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesman, Kym uses his decades of experience to develop plans for prosperity. As a Fellow Chartered A

Kym Nitschke loves cars. He owns a Porsche. But, with his accountant hat on, cars are a waste of money. However, if the reality is, most of us need or want a car (or multiple cars). And if you’re going to buy one, Kym has key tips to ensure you're buying smart, including: Car type and brand New or used? Insurance Tax Kym also reveals how a change in importation rules, coming in 2018, will bring amazing benefits for luxury car lovers. If you’re planning to purchase your dream machine in the next couple of years, this is a must listen episode! About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-

Kym Nitschke continues his focus on the key factors for building wealth with property. Continuing the discussion started in episode 10, Kym infuses his insights with learnings from his favourite book, John Fitzgerald’s 7 Steps to Wealth. Today’s episode unpacks: The importance of leveraging finance and the banks The benefits of “DIY” valuations Affordability and doing the right deal The benefits of giving back About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesman, Kym uses his

The federal budget for 2016-2017 was recently handed down by the Australian treasurer Scott Morrison and Kym Nitschke shines a light on some of the issues in focus for the Australian government. Key points include: The Australian Tax Office is targeting the likes of Apple and Google, and the impact could be felt by consumers. Superannuation changes will provide a windfall for property investors. Investing in startups is now much more lucrative. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure a

You own a number of properties, and their value is increasing. Now what? Kym Nitschke talks about the strategies to put in place to reach your end goal, which should be something like: Retire as soon as you can, as well as you can. Kym talks about the importance of setting your plan, outlining clear goals, monitoring and reviewing results. Kym is also revisiting his favourite book, 7 Steps to Wealth by John Fitzgerald, and shares some of the key principles that have influenced his approach to investing. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement

Kym Nitschke LOVES commercial property. In part 8 of his property series, Kym compares the investment opportunity of commercial property with residential. Kym says the benefits of commercial property range from the issues that are out of your control, such as legislation and inflation, as well as the practical issues, such as insurance, repairs and maintenance. Tune in and find out more about commercial property investment. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individual, or business structure advice for a tradesm

Kym’s commercial property had been vacant for two years. He knew he had to take drastic action. Finally, a potential tenant showed interest. But they wanted Kym to fit the building out, and furnish it. It sounded reasonable, but Kym didn’t have the cash available. So, as he often does, he took it upon himself to get the job done. Kym takes you through the hands-on project, how he used the outsourcing services of UpWork and Alibaba and how he ended up with drastic cost savings and a very happy tenant. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan

For Kym Nitschke, an accountant and qualified builder, building and renovation has become a key part of his property investment strategy. Before becoming qualified, Kym started with a major renovation of his own home, which was completed for at a fraction of the quotes he received from major builders. For Kym, it was a matter of developing a great plan, finding the right people and developing relationships. The project also had unexpected business development benefits for his accounting practice. He shares the highs and lows, key lessons and his usual quirky stories. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is

Kym Nitschke swore he'd never invest in property again. After making some mistakes in his first property investment, that cost him money and brought about a lot of stress, he thought that property was risky and he was bound to lose. But after finding inspiration and courage from a number of places, Kym re-entered the market armed with a wealth of experience and lessons learned. He hasn't looked back. Kym shares the insights that helped him get back on the horse, and find success in property. About Kym Nitschke, accountinginsider.net: Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a hi

When investing in property, there are common mistakes that many people make. In part 4 of Kym Nitschke's Investing in Property series, you can learn how to avoid the pitfalls. Kym covers a range of issues, including: - Holding debt on the wrong property - Misconceptions about tax “benefits” - Fixed vs Variable rates - Property management - Insurance And much more ... Kym shares personal stories and lessons learned that will help you become a better property investor. About Kym Nitschke, accountinginsider.net : Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his ability to provide practical, wealth building solutions for all people and circumstances. Whether it is minimising tax for a multi-million dollar business, a retirement plan for a high net worth individu

Going from one to two properties is perhaps the hardest step when building your property portfolio. It’s a step that many don’t make, but when you do, it immediately puts you in the top percentage of wealthy people. Kym Nitschke, property investor and accountant, helps you make the jump with his insightful tips. Kym talks about the importance of having a strategy, and what you can do to get the best valuation possible in your first home (so the bank will lend you money for your second!). He talks about good and bad debt, how to finance your properties and the tax considerations. Kym has a key strategy: Never sell. He tells you why, in episode 4 of Accounting Insider. About Kym Nitschke, accountinginsider.net: Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individuals and businesses. Key to Kym’s success has been his a

To buy the perfect property at the best price, you need to be different. Being different, and separating himself from other buyers and investors, has enabled Kym Nitschke to secure amazing residential and commercial property deals. In part 2 of Accounting Insider’s property series, Kym reveals the steps and secrets to his success. He walks you through the process, from the conventional to the quirky. Kym also shares his “letter principle”, an approach that enables him to be the first person knocking on the seller’s door, even before the real estate agent! Connect with Kym via our website, accountinginsider.net Nitschke Nancarrow Accountants - nitschkenancarrow.com.au Produced and hosted by Andrew Montesi, Apiro Consulting - apiroconsulting.com About Kym Nitschke: Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200 individual

Kym Nitschke turned a small herd of cattle into a multi-million dollar property portfolio. The relatively small sum of cash from the sale became the deposit on his first home, bought as a 21 year old. Getting started is one of the toughest issues for many would-be property investors. In this episode, Kym offers his tips for first home buyers, including finance and the type of property best suited for kicking starting a property portfolio. Kym, who also has a building licence, says renovating his properties has been key to his success. He shares lessons learned, and potential traps, for those who are looking at DIY options. Tune in for valuable property development tips. The property series will continue in following episodes. Connect with Kym at accountinginsider.net Nitschke Nancarrow Accountants - nitschkenancarrow.com.au Produced and hosted by Andrew Montesi, Apiro Consulting - apiroconsulting.com About Kym Nitschke, accountinginsider.net: Kym Nitschke is an accountant, financial adviser and e

Kym Nitschke is no ordinary numbers man. Along with his growing accounting and financial advisory practice, he’s also a property developer and licensed builder. In the first episode of Accounting Insider, Kym shares his personal story - entering and then leaving the rat race, key learnings from a mentor, growing a client base to over 1200 and how he built his multi-million dollar property portfolio. Kym also sets the scene for the Accounting Insider series, where he’ll share finance tips, tricks and lessons, and interview clients and business people to find out how they found success. Connect with Kym at accountinginsider.net Nitschke Nancarrow Accountants - nitschkenancarrow.com.au Produced by Apiro Consulting - apiroconsulting.com About Kym Nitschke, accountinginsider.net: Kym Nitschke is an accountant, financial adviser and entrepreneur who lives and breathes the advice he gives his clients. Since taking charge of Nitschke Nancarrow Accountants in 2007, Kym has grown the firm’s client base to 1200