Individuals

Why Accounting is about more than the numbers!

Why Accounting is about more than the numbers!

Success is defined by many people in so many different ways. Whether it is money, status, accomplishments, family or feelings. For me, success is defined by the people with whom I am surrounded by. The article I was so privileged to feature in, is a bit about me and my journey to where I am […]

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Why wait, earn more now from your investment property

Filed in Articles, Individuals, Wealth Creation by on January 11, 2017 0 Comments
Why wait, earn more now from your investment property

Claiming depreciation and using a Pay As You Go withholding variation can increase your fortnightly cash flow Though investors often use negative gearing to offset the costs involved with owning a property, most have the aim to eventually use the property primarily as a source of income and to generate wealth. Property investors evaluating their […]

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Missed Deductions Add Up

Missed Deductions Add Up

BMTs system to maximise your claim Closed circuit television systems, garden watering systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation. These and other missed assets such as door closers, freestanding bathroom accessories, garbage bins, shower curtains and smoke alarms are part […]

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Annual Leave….to take it or leave it, that is the question….

Filed in Business, Individuals by on July 15, 2016 0 Comments
Annual Leave….to take it or leave it, that is the question….

How many hours are you putting into your business weekly? 40? 50? 60? 70-hour weeks? Sometimes even 80-hour weeks don’t feel like they’re enough to tackle the enormous to-do list you’re facing. There’s a quote that says, “Entrepreneurship is living a few years of your life like most people won’t so you can spend the […]

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The Essential Guide to Car Finance

Filed in Articles, Business, Individuals by on May 28, 2016 0 Comments
The Essential Guide to Car Finance

There’s a lot of ways to finance a car, and apart from ‘cash’ they’re all far from straightforward. If you want to make a smart business decision you need to get to the bottom of what’s the cheapest, most tax-effective way of owning the car, given your personal, and business related circumstances. Otherwise you could […]

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Furnish your pockets with the funds claimed from depreciation

Filed in Individuals, Wealth Creation by on April 1, 2016 0 Comments
Furnish your pockets with the funds claimed from depreciation

Often property investors rent out their property fully furnished. Depreciating furniture can add thousands of dollars to the owners depreciation claim. The below table provides an example of the difference that claiming depreciation on a $16,000 furniture package could make to an investor who purchased a two bedroom two bathroom unit: It is important that […]

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Four reasons investors should claim depreciation in 2016

Filed in Articles, Individuals, Wealth Creation by on January 13, 2016 0 Comments
Four reasons investors should claim depreciation in 2016

As we start the New Year, many investors might be formulating their annual New Years resolutions. Investors often think about the ways they can reduce the costs of owning an investment property and wonder how they could boost the cash flow earned. However when they do so, the deductions they can claim via depreciation are […]

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HELP/TSL Overseas Repayments

Filed in Articles, In the News, Individuals by on November 20, 2015 2 Comments
HELP/TSL Overseas Repayments

From 1 January 2016, if you have moved overseas and have a Higher Education Loan Programme (HELP) or Trade Support Loan (TSL) debt, you will have the same repayment obligations as those who live in Australia. This applies if you already live or intend to move overseas for a total of more than six months […]

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Trade Support Loans

Filed in Business, In the News, Individuals by on October 5, 2015 1 Comment
Trade Support Loans

The Australian Government thinks that if you’re old enough to have a job then you’re old enough to manage a loan. To help young people on apprenticeships to government has introduced Trade Support Loans. These loans are not intended to spent on any specific items – they can be spent by the individual’s discretion, providing […]

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Depreciation for renovations made easy

Depreciation for renovations made easy

Investment property owners often miss out on thousands of dollars due to two main reasons: 1. They don’t know what depreciation entitlements they can claim for renovations or refurbishments to their investment property 2. They don’t use a qualified Quantity Surveyor to prepare a tax depreciation schedule Follow the steps below to ensure your tax […]

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