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James Tsimopoulos - Accountants & Brokers

@jamestsimopoulos

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👨‍💻Accountants & Mortgage Brokers
🤝Helping everyday Aussies build wealth
❤️Carla, AJ & Lulu
💰Owner of 8x Award Winning @nationwideaccountants

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Labor hasn’t scrapped its new 30% minimum tax on discretionary trusts.

It’s offering a workaround: lock in fixed distributions to nominated beneficiaries and give up the flexibility you had the trust for in the first place.

Create the problem. Add more complexity. Then announce the “solution” like they’ve done small business a favour. by @jamestsimopoulos

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a month ago

And we might get hit with a few more May 12 taken in Adelaide, South Australia by @jamestsimopoulos

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5 months ago

Tax time is here.

Don’t wing it. Don’t guess it. Don’t leave it until the last minute.

DM me and let’s get it sorted properly. taken in Adelaide, South Australia by @jamestsimopoulos

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3 months ago

Rates are up again.

That part we can’t control.

What we CAN control is what you do next.

Better rate? Refinance? Restructure? Different lender? Different strategy?

Don’t just assume you’re stuck with whatever your bank gives you.

If today’s decision has you worried about your mortgage or borrowing power, message me.

Let’s look at the numbers. by @jamestsimopoulos

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a day ago

If rates go up today, congratulations mortgage holders… you’ve been selected to save the economy again.

I get it. The RBA has a job to do. Inflation is too high and interest rates are basically the only button they’ve got.

But households aren’t the only ones creating demand in the economy. by @jamestsimopoulos

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2 days ago

The government says it supports small business. But when owners are buried in tax, red tape and rising costs, how much pressure can they take before something gives?

Breaking the rules isn’t okay. But maybe we should ask why so many small businesses feel like they’re just trying to survive. by @jamestsimopoulos

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5 days ago

Super can be a great investment.

But locking your money away for decades requires one thing…

Trust that the rules won’t keep changing.

General commentary only. Not financial advice. by @jamestsimopoulos

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9 days ago

Wasn’t gonna post today but how can you not talk about it…

What would inflation look like if government spending actually came down?

And what happens when the recent fuel price increases wash through?

I don’t know.

That’s why you run the scenario. by @jamestsimopoulos

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12 days ago

The RBA hasn’t moved… but the banks already are.

Fixed rates are being pushed higher across a heap of lenders.

Does it guarantee another rate rise? No.

But it does tell you what the market is starting to price in. by @jamestsimopoulos

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13 days ago

Social media has made being broke look normal.

Expensive car. New clothes. Holidays on credit. Afterpay everything.

Looking rich and being wealthy are two very different things.

Normal doesn’t mean smart. by @jamestsimopoulos

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14 days ago

Apparently we’re spending too much.

Meanwhile Westpac says take petrol out and card spending actually FELL 0.3% in August.

Maybe we’re not spending more…

Maybe shit just costs more. by @jamestsimopoulos

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16 days ago

House prices coming down sounds like good news for first-home buyers…

Until rates go up and the bank lends you less.

A cheaper house doesn’t help much if your borrowing power is falling even faster.

And for more and more buyers, Mum and Dad are becoming the difference between getting in and missing out.

Prices matter. But borrowing power matters more. by @jamestsimopoulos

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17 days ago