Investment Property Depreciation: How to Maximise Your Tax Deductions

11 January 2023
 Categories: Finance & Money, Blog

If you are a property investor, you must know the benefits of tax deductions on depreciation. In general, buildings will age and experience wear and damage over time. This deterioration is a decline in worth, even when the potential sales price increases. You can claim a tax deduction on the lost value for commercial and residential real estate. However, you must ensure the depreciation is conducted correctly to avoid audit complications and maximise the value of the final deduction. Read More 

3 Tips To Save Tax With The Right Depreciation Schedule

21 November 2017
 Categories: , Blog

If you've bought an investment property, it's worth knowing that you can save tax on depreciation. But understanding how a depreciation schedule works can be confusing for owners who don't know the first thing about tax savings on a property. This guide shows you how you can save tax with the right depreciation schedule. A quantity surveyor is a qualified professional who will compile your depreciation schedule, which cannot be put together by your existing accountant. Read More 

4 Ways a Financial Advisor Can Reduce Your Tax Bill

20 June 2017
 Categories: Finance & Money, Blog

If you are currently preparing your annual tax return and have discovered you owe more than expected to the tax man, it may be the right time to call in a financial advisor. Below is a guide to 4 ways a financial advisor can help you to reduce your tax bill. Optimisation of Debt Some forms of debt which have interest payments, such as that which is used for investment purposes such as a mortgage for an investment property or a margin loan which is part of a share portfolio, can be used as tax deductible items on your tax return. Read More 

5 Useful Ways to Save Money on Business Insurance

8 June 2017
 Categories: Finance & Money, Blog

Business insurance can be essential if you want to ensure that your business is financially protected from everything from fire to theft to liability. In some cases such as dealing with company cars, business insurance is even legally required. Although the expense is necessary, you don't want to spend more money than you need to. Here are some tips on saving money. 1. Consolidate Your Plans In many cases, you may have multiple policies for your business. Read More 

The Surprising Benefits of Hiring a Professional Financial Planner

19 March 2015
 Categories: , Blog

Very often people forego the use of a professional financial planner simply because they think they don't have enough money for anyone to manage, or they fail to realize the benefits of such a professional. A person may be offered a certain retirement package through their employer and contribute to that, and then assume that this is all they need to do to plan their finances. This type of thinking is very shortsighted and can actually cost you money in the long run. Read More