As a business owner, filing taxes is an obligation that you should take seriously. However, the computation of taxes is quite complicated, particularly when your business has more than one income stream. As such, it is recommendable to hire an accountant. There are additional benefits of working with these professionals, and they include the following: They Keep Up With Changes in Tax Codes The government keeps changing the taxation codes. So while preparing and filing your taxes, you have to follow all the regulations, including the very new ones.
20 July 2021
One of the areas of taxation that give property owners a headache when filing returns is investment properties. An investment property is any property which you purchase with the intention of earning a return on the investment. These can include rental apartments, condos, and even short term investment endeavours such as property that you want to flip. An investment property also includes other things besides housing. It can be collectibles, land or securities.
25 June 2020
Tax planning services should be mandatory for your business or personal finances. This enables you to take into account the amount that has to be paid and when it should be paid. Getting the right tax consultant, therefore, has a critical role in ensuring you meet your tax obligations. Below are several reasons why it is important to use the services of an independent tax planner. Personal interests are not involved
22 January 2018
If you are working on a big construction project, a quantity surveyor can help with the cost planning and budgeting throughout the project. These professionals help in a range of ways, and ultimately, their help can cut costs on your project. Wondering how a quantity surveyor can save you money? Take a look: Budgeting A budget always helps you to save money, whether you are doing a construction project or anything else.
14 September 2016
If you are buying a home to turn into a bed and breakfast or converting your existing home, there are a number of tax tips you should keep in mind along the journey. Wondering what you need to know and who can help? Take a look: 1. B&B Income Must Be Reported to the Australian Taxation Office. The Australian Taxation Office (ATO) requires individuals who rent out part of all of their home to report the rent received as income.
31 August 2016