Brian Goodridge's guest appearances

Brian Goodridge

Business Brain Food

She Renovates

Paint and Panel: The Edge

Craig West

Stacey Brown Randall

Damion Lupo

Jason Miller

John Livesay

John Lee Dumas

Alex Pirouz

Mike Michalowicz

John Abbott

Ross Jeffries

John Demartini

Steve Sims

Bob Burg

Julian Mather

Joshua Belanger

OwlTail

“if I set up a structure today for someone and then they go and change their mind cuz they're a bit wishy-washy on the strategy and they do something different once that property's sold or if they keep it or whatever they end up doing, we can end up with an adverse tax outcome, which is not ideal.” -Brian Goodridge   EPISODE HIGHLIGHTS:  00:00 Intro 00:24 Brian Goodridge of Goodridge Advisory 04:15 Why you need an accountant to help you buy a property 07:01 The first protocol for joint ventures and self-managed super funds 08:33 What are mistakes that renovators can avoid, by getting the right advice from an accountant? 10:26 Joint ventures and partnership agreements 12:57 Joint ventures is like getting married 14:04 The importance of the basics 18:01 Don’t buy a property you haven’t seen yet 22:10 The more work you put into it, the more likely you are to be successful       Resources The School Of Renovating https://www.theschoolofrenovating.com/ Brian Goodridge https://goodridgeadvisory.com.au/   Connect with The School of Renovating  ASK BERNADETTE https://www.theschoolofrenovating.com/podcasts-page  Subscribe to She Renovates Apple Podcast https://apple.co/3faoWlT  Subscribe to Youtube: https://www.youtube.com/c/TheSchoolOfRenovating  Follow on Twitter https://twitter.com/renovatingsc  Follow  on Instagram https://www.instagram.com/the_school_of_renovating  Follow  on LinkedIn https://www.linkedin.com/in/bernadette-janson-3411652b

“if I set up a structure today for someone and then they go and change their mind cuz they're a bit wishy-washy on the strategy and they do something different once that property's sold or if they keep it or whatever they end up doing, we can end up with an adverse tax outcome, which is not ideal.” -Brian Goodridge EPISODE HIGHLIGHTS: <ul> <li>00:00 Intro</li> <li>00:24 Brian Goodridge of Goodridge Advisory</li> <li>04:15 Why you need an accountant to help you buy a property</li> <li>07:01 The first protocol for joint ventures and self-managed super funds</li> <li>08:33 What are mistakes that renovators can avoid, by getting the right advice from an accountant?</li> <li>10:26 Joint ventures and partnership agreements</li> <li>12:57 Joint ventures is like getting married</li> <li>14:04 The importance of the basics</li> <li>18:01 Don’t buy a property you haven’t seen yet</li> <li>22:10 The more work you put into it, the more likely you are to be successful</li> </ul> Resources The School Of Renovating <a href="https://www.theschoolofrenovating.com/" rel="nofollow" target="_blank">https://www.theschoolofrenovating.com/</a> Brian Goodridge <a href="https://goodridgeadvisory.com.au/" rel="nofollow" target="_blank">https://goodridgeadvisory.com.au/</a> Connect with The School of Renovating ASK BERNADETTE <a href="https://www.theschoolofrenovating.com/podcasts-page/" rel="nofollow" target="_blank">https://www.theschoolofrenovating.com/podcasts-page</a> Subscribe to She Renovates Apple Podcast <a href="https://apple.co/3faoWlT" rel="nofollow" target="_blank">https://apple.co/3faoWlT</a> Subscribe to Youtube: <a href="https://www.youtube.com/c/TheSchoolOfRenovating" rel="nofollow" target="_blank">https://www.youtube.com/c/TheSchoolOfRenovating</a> Follow on Twitter <a href="https://twitter.com/renovatingsc" rel="nofollow" target="_blank">https://twitter.com/renovatingsc</a> Follow  on Instagram <a href="https://www.instagram.com/the_school_of_renovating" rel="nofollow" target="_blank">https://www.instagram.com/the_school_of_renovating</a> Follow  on LinkedIn <a href="https://www.linkedin.com/in/bernadette-janson-3411652b" rel="nofollow" target="_blank">https://www.linkedin.com/in/bernadette-janson-3411652b</a>

192 - Why A Property Specific Accountant Is Essential To Renovating with Brian Goodridge

PAP031: Is the Instant Asset Write-Off dead? With Brian Goodridge

Summary So many people don’t want to think about tax until it’s too late, but once you’ve listened to Brian Goodridge you’ll be positively inspired to do something about your tax situation! Brian is a different kind of accountant. He’s great at explaining the various different angles you can exploit to make yourself tax efficient and profitable in the long term. See some of Brian’s top tips below:  Don’t get too hung up on avoiding tax. You can cost yourself money in the process.  Tax planning is much more than just something you do in April and May. You should work it into your whole year.  Beware of using savings indefinitely. Be honest with yourself with when you want to use the money.  Don’t think about tax as a one-year thing. So many people do everything they can to save tax in year one, but they end up paying more in year two as a result.  Do you really have a ‘tax problem’ or do you have a ‘cashflow problem’? Don’t blame it all on the tax! In this episode of Business Brain Food you will learn:  The difference between tax minimisation and tax avoidance  How to manage your accountant properly  The right length for your goals  How to manage your super balance  Tax-efficient investments  Instant asset write-offs explained Resources mentioned in this episode:  If you’re a business coach, business adviser or would like to become one, go to: https://maxmyprofit.com.au/business-exceleration.html  Brian is offering a free 15-minute strategy session exclusively to BBF listeners. Contact him through his website: https://goodridgeadvisory.com.au/  All previous BBF episodes &amp; show notes can be found at http://www.businessbrainfood.com.au  Join the Business Brain Food Facebook Group: https://www.facebook.com/groups/BusinessBrainFood/  Twitter: https://twitter.com/bfewtrell Call to action: DON’T LEAVE YOUR TAX PLANNING TO THE LAST MINUTE!!! People like Brian can help you get on top of your tax the whole year round. Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that! Until next time, have a profitable day! Cheers, Ben Fewtrell 02 8808 5500

Summary So many people don’t want to think about tax until it’s too late, but once you’ve listened to Brian Goodridge you’ll be positively inspired to do something about your tax situation! Brian is a different kind of accountant. He’s great at explaining the various different angles you can exploit to make yourself tax efficient and profitable in the long term. See some of Brian’s top tips below: Don’t get too hung up on avoiding tax. You can cost yourself money in the process. Tax planning is much more than just something you do in April and May. You should work it into your whole year. Beware of using savings indefinitely. Be honest with yourself with when you want to use the money. Don’t think about tax as a one-year thing. So many people do everything they can to save tax in year one, but they end up paying more in year two as a result. Do you really have a ‘tax problem’ or do you have a ‘cashflow problem’? Don’t blame it all on the tax! In this episode of Business Brain Food you will learn: The difference between tax minimisation and tax avoidance How to manage your accountant properly The right length for your goals How to manage your super balance Tax-efficient investments Instant asset write-offs explained Resources mentioned in this episode: If you’re a business coach, business adviser or would like to become one, go to: <a href="https://maxmyprofit.com.au/business-exceleration.html" rel="nofollow" target="_blank">https://maxmyprofit.com.au/business-exceleration.html</a> Brian is offering a free 15-minute strategy session exclusively to BBF listeners. Contact him through his website: <a href="https://goodridgeadvisory.com.au/" rel="nofollow" target="_blank">https://goodridgeadvisory.com.au/</a> All previous BBF episodes &amp; show notes can be found at <a href="http://www.businessbrainfood.com.au" rel="nofollow" target="_blank">http://www.businessbrainfood.com.au</a> Join the Business Brain Food Facebook Group: <a href="https://www.facebook.com/groups/BusinessBrainFood/" rel="nofollow" target="_blank">https://www.facebook.com/groups/BusinessBrainFood/</a> Twitter: <a href="https://twitter.com/bfewtrell" rel="nofollow" target="_blank">https://twitter.com/bfewtrell</a> Call to action: DON’T LEAVE YOUR TAX PLANNING TO THE LAST MINUTE!!! People like Brian can help you get on top of your tax the whole year round. Also, if you are enjoying these Business Brain Food podcasts, then make sure to share them via social media sites or email the links to family and friends. A lot of time and effort goes into producing each of these podcasts with the goal in mind of the more people we can inspire about business the better. You can help us do just that! Until next time, have a profitable day! Cheers, Ben Fewtrell 02 8808 5500

BBF252: Tax minimisation tips and traps with Brian Goodridge