Tax Depreciation Schedule: Indispensable Tips For Maximising Financial Benefits

11 November 2022
 Categories: Finance & Money, Blog

Depreciation of your business assets can contribute to a lower profit margin in your company. Therefore, if you are looking to reduce your long-term losses, you should prepare a tax depreciation schedule. This report will allow you to claim tax deductions on the lost value of assets due to aging and wear. In simple terms, when the value lost over time is calculated, your total assessable income will decline. Consequently, the total tax paid for your business will reduce, increasing annual revenue. Read More 

Factors to Consider When Hiring an Accountant for Your Taxes

3 October 2019
 Categories: , Blog

You do not have to be wealthy or a successful business owner for you to hire an accountant to help with your taxes. Tax preparation is sometimes a stressful and time-consuming process that can need a little help from professionals. Complex tax situations such as paying off a tax debt, filing back taxes or fighting an Internal Revenue Service (IRS) audit might need specialised advice and tips. Tax accountants will make your tax-paying a less stressful process. Read More 

How to Get More Money in Your Superannuation

25 September 2018
 Categories: , Blog

Your superannuation is a fund that keeps growing during the entire time you work, saving you money you can use for when you have retired. All employers are obligated to pay this fee, which then is saved for you until the day you retire. However, to further boost the amount of money you have in your superannuation fund, there are some things you can do to make sure you get as much money as possible the day you actually retire. Read More 

How to Claim Tax Advantages When You Own a Rental Property

24 July 2018
 Categories: , Blog

If you own a rental property or two, then you may be trying your best to maximise your investment, get high levels of occupancy and cut down on your expenditure. You may sometimes feel as if you are fighting a losing battle, especially if you have to deal with a problem tenant or need to replace a major appliance. Yet while you should focus on these operational issues as much as possible (or better still, get a management company to do so), you should also capitalise on your tax situation by using all your deductions. Read More 

3 Vital Components For A Home-Based Beauty Business Insurance Package

13 July 2018
 Categories: Finance & Money, Blog

For an increasing number of Australians, setting up a small, home-run beauty business is an attractive option. Common choices are hairdressing, beauty therapy and massage services. These present an excellent way to create income in a way that's flexible, fits in with family commitments and doesn't involve the large overheads that running a separate business premises does. As well as creating an attractive and professional space within the home to operate your beauty business, you'll need to consider the practical aspects. Read More