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Newbie wanting to minimse tax without compromising borrowing capacity
Hello all,
I am new to this space and am hoping to lodge my past 2 years tax returns using the minimal tax approach. I don’t currently pay any tax as I get paid in crypto currency which means I could state that my taxable income is zero however, I am concerned when I decide to go for a home loan they will ask for my previous years’ tax returns to prove my income as a means of determining how much I can borrow.
Is it best to state the amount I was paid and then declare in my ‘other work expenses’ the amount to bring it under the tax free threshold?
I am willing to purchase the tax minimising modal and I am assuming this module has the downloadable forms with the declarations that were advised in the webinar to send in?
Happy for any advice , thank you in advance,Max
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4 Replies
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There’s a Q and A tonight with Mark, you could ask your question there. If you decide to go then get there early and cut and paste your question into the chat and put Q… before your question…. https://solutionsempowerment.org/event/general-qa-september-18/
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Thanks for the response! I couldn’t make the live Q & A unfortunately. I shall perhaps try next time. Do these calls happen every week? Do they take place within this platform?
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They have them twice a month two weeks in a row, you can check when the next one is here… https://solutionsempowerment.org/self-study/qa-with-founder/
solutionsempowerment.org
Q&A Sessions with Founder (Upcoming / Recorded) – SolutionsEmpowerment.org
Q&A Sessions with Founder (Upcoming / Recorded) – SolutionsEmpowerment.org
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Great. Thanks so much!
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