Managing an Airbnb or short-term rental sounds like easy cash, but what about the tax side of things? In this episode, Glen and accountant-turned-money-coach Erin Davis break down everything you need to know about tax obligations, record keeping, and even the CGT implications for short-term rentals. Erin also shares her journey from a decades-long career in accounting to empowering women in business with financial confidence through money coaching. The touch on:

👉🏻 income from short-term rentals - what you need to declare

👉 record-keeping tips to avoid ATO headaches

👉🏾 calculating deductions for Airbnb income

👉🏽 how renting a room impacts your CGT exemption

👉🏿 the six-year rule for principal place of residence

👉🏼 what to do before renting part of your property

Check out Erin's podcast, The Erin Davis Show wherever you're listening to this podcast.

Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here

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To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.

SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

Hosted on Acast. See acast.com/privacy for more information.

Let's talk life insurance! Financial adviser Phil Thompson from Skye Wealth joins Glen on this episode to answer all your spicy questions including:

👉🏻 can insurance companies ask you to do a genetic test?

👉 how do insurers consider vaping and recreational drugs?

👉🏼 help! I lost my insurance cover when I switched super funds

👉🏾 can I get insurance if I’m terminally ill?

👉🏿 why you shouldn’t move insurers regularly

👉🏽 trying to apply for cover while investigating a health concern

👉🏻 getting exclusions or loadings removed

👉 can I reapply for cover if I've been denied in the past

👉🏼 stepped vs level premiums and are level premiums a scam?

👉🏽 getting cover with pre-existing conditions

👉🏾 life insurance for children

Thanks to Skye Wealth for supporting this episode! Connect with the Skye Wealth team here

📒 Sort Your Career Out & Make More Money by Shelley Johnson & Glen James: https://amzn.to/3B1rQaB

We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.

SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

Hosted on Acast. See acast.com/privacy for more information.

In today’s episode Glen chats with Jane* about her financial, career, and living situation, exploring the exciting options ahead. From a potential career pivot into the arts to a $90k boost from nan to help her and her sisters enter the property market, Jane has some big decisions to make. *Name changed for anonymity.

Thanks to Skye Wealth for supporting our Thursday show! Connect with the team here

We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.

To get help, and to check out our online courses, books, resources and downloads (+ our disclaimers and warnings), click here.

Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs.

SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.

Hosted on Acast. See acast.com/privacy for more information.