And we're back with Drue Schofields, owner of the business 4Front Accountants that acts as accountants and advises clients on business strategy. In this episode of Property Investory, learn about the properties Drue Schofields has possession of at the moment, his strategy for buying properties wisely so as to gain the most out of one's purchases and how rental income works to his benefit for his commercial property. We will also be learning about his strategy that he implements for his clients that can make a huge difference when structuring businesses or properties, the importance of not putting all your eggs into one basket, how distribution of the income of a trust to employees or family members works and how one can physical transfer money from a trust and the way this has changed over time.
Delve into the importance of paying tax properly, which Drue Schofield makes sure to do so for his clients, the difference between a director's fee and remuneration through a salary or as an employee and the most important thing for Drue Schofield when his clients leave the office. What's more, we'll be exploring why he went into property rather than other forms of investment, important advice for those looking into investing in property themselves, his viewpoint on risk when it comes to property investment and much, much more!
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