Wealth Creation

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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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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Engaging A Great Accountant Is The Most Important Task For Any Business

Filed in Business, Wealth Creation by on February 18, 2016 0 Comments
Engaging A Great Accountant Is The Most Important Task For Any Business

Financial integrity is everything when you’ve just started a small business, or even if you’ve been operating for a couple of years. Yet, the temptation is great to think that if you’re the owner you can handle all the accounting functions yourself. Isn’t that what Xero is for? The truth is, your time is more […]

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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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Crunch the numbers and save

Filed in Articles, Business, Wealth Creation by on November 5, 2015 0 Comments
Crunch the numbers and save

Want to be $96 per week better off? Before walking away from purchasing a first or next investment property, make sure to crunch the numbers correctly. That next bargain may actually be affordable if property depreciation is claimed. Astute investors will usually consider the potential rental return of the property, the property’s location in proximity […]

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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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Ensure to claim depreciation deductions for your investment property

Filed in Individuals, Wealth Creation by on August 7, 2015 0 Comments
Ensure to claim depreciation deductions for your investment property

For most investors, choosing the right property is a big decision. There are many factors a potential investor will think about prior to making a purchase. Astute investors will consider the potential rental returns, the property’s location in proximity to local services, employment drivers and the likelihood of capital growth in the foreseeable future. Unfortunately, […]

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Who Gets Tax Planning Advice?

Filed in Articles, Business, Wealth Creation by on May 7, 2015 0 Comments
Who Gets Tax Planning Advice?

WHO GETS TAX PLANNING ADVICE? Answer: “Successful People and Successful Businesses” All taxpayers are allowed to arrange their affairs in a manner that remains legal but which minimises their taxation liabilities. The late Kerry Packer once told a Senate enquiry, “Of course I am minimising my tax. And if anybody in this country doesn’t minimise […]

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