Better Organize Your Documents for Taxes with Rosalie-Anne Mandich

The Very Real Estate Effect Investing in Quebec

In this episode, Axel interviews international tax lawyer Rosalie-Anne Mandich on crucial aspects of taxes and financial organization for investors.

Rosalie-Anne stresses the importance of clarity and organization in presenting documents to professionals. She provides practical tips for efficient paperwork, emphasizing the need for accurate facts in tax planning, particularly for real estate structures.

The conversation introduces "geometry for tax," a visual approach simplifying complex real estate tax structures and real estate investors are cautioned against potentially damaging advice and misinformation.

The episode concludes with insights on timely communication and feedback in tax consultations, considering the unique challenges faced by real estate investors.

Tune in for a concise guide to navigate tax and financial processes effectively.

What you will learn if you listen to the episode:

• The significance of organizational efficiency in financial matters to save time and costs when consulting professionals.

• Practical advice that includes creating organized digital or paper folders, maintaining backups, and recording passwords for streamlined document management.

• The need for individuals to possess accurate and comprehensive facts for effective tax planning.

• The concept of "geometry for tax" introduces a visual coding system simplifying complex tax structures into clear shapes for better communication with tax professionals.

• The importance of being cautious against information leakage and the benefits of being organized when dealing with professionals, bankers, and investors.

• The value of comparing previous and current financial statements to ensure comprehensive inclusion of expenses and critical details during tax preparation.

• Potential risks in following misguided advice, especially in real estate, emphasizing the importance of credible sources for tax and accounting guidance.

• How to avoid drowning in paperwork by maintaining organized files, benefiting both professionals and clients in facilitating efficient discussions and value-added conversations.

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Timestamps

🗃️ Practical tips for document management (01:02)

📊 Factual foundation for taxes (07:20)

📝 Getting facts straight (10:15)

🔍 Geometry for tax visualization (11:41)

🕰️ Communication and time management (15:13)

📈 Financial statements comparison (18:24)

⚠️ Caution in tax advice (19:50)

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Connect with Rosalie-Anne Mandich:

Linkedin - https://ca.linkedin.com/in/rosalie-anne-tichoux-mandich-482a647

email - [e-mail]