Family Finance and Money Tips

Tax Depreciation Schedules: Your Questions Answered

7 October 2022

Do you own an investment property? If so, you may be wondering about tax depreciation schedules. This blog post will answer all your questions. So keep reading! 1. What is a depreciation schedule? A tax depreciation schedule outlines the eligible depreciation deductions for an investment property. The schedule takes into account the age, condition and effective life of the property's plant and equipment assets. This information is used to calculate the amount of depreciation that can be claimed each year when you submit your tax return.

3 Questions to Ask Accounting Firms Before You Hire Them

22 October 2019

If you need to hire an accounting firm to manage your small business finances, then you'll have a basic checklist to help you choose the right accountant. You know that it is better to work with an established individual or firm with relevant qualifications and good references. However, this may not whittle down your shortlist as much as you'd hoped. If you still have a lot of possible firms on your list, then asking the following questions could help you choose the right one:

How to Legitimately Reduce Your Tax Bill, So You Can Help Your Cash Flow

28 June 2018

When you are a small business owner, you've got to pay attention to financial information as you navigate your way toward profit on a daily basis. If you're attentive, you'll be looking at a variety of different data points, but in truth, nothing is more important than cash flow. It doesn't matter if you are running a profitable operation, as if you run out of money in the bank at a crucial time, you will be in big trouble.

Moving Overseas? How to Make Sure You Don't Pay More Tax Than You Should

25 June 2018

More Australians than ever have decided to leave these shores and seek employment in a far-off land. Often, this is due to opportunities that simply don't exist down under, but they may also be spurred on by the chance to pay less tax. Some overseas jurisdictions even have a zero-tax-rate policy, such as the United Arab Emirates, and it's no surprise that managers, technicians and tradesmen make the journey from this country to the Middle East in search of these savings.

3 Things to Know about Public Liability Insurance for Your New Business

4 June 2018

Insurance is one of the many things you have to consider when you start a new business. Not only do you have to consider insurance for your business itself, but also the building and your employees. One of the insurance options you will hear about is public liability insurance. Here are three things you need to know about this type of insurance to help you understand the coverage. What Public Liability Covers