4 ways a financial adviser can improve your tax effectiveness
If you are preparing your tax return and are alarmed to see you owe the tax office a large amount, it might be time to start seeing a financial adviser. Here are some of the ways that a financial adviser can improve your tax effectiveness.
Optimise your debt
Debt that is used for investment purposes, such as a mortgage over an investment property or a margin loan over a share portfolio, has tax deductible interest payment whilst debt on credit cards or a loan for the family home is not tax deductible.