General Accounting
Turn $1 into $1 million dollars in five years
Today I am going share my biggest Secret towards creating wealth. It is Leverage! Leverege for me is turning $1 into $1 million dollars in five years! There is three main vehicles you can use to create leverage: Real Estate Equities Businesses For my own personal story, I started in Real Estate as it was […]
last chance for big super contributions
last chance for big super contributions This is your last chance for super contributions before 30th June 2017, because of vastly reduced allowed amount that you can put into your superannuation. Thus, decision is vital before 30th June, so that you can maximise the amount of your super. This is possible by using two […]
Reduce your 2020 tax
How to make Trust Distribution Resolutions? An important thing is to make resolution before 30th June, if you have a family or a discretionary trust, so that, Tax department does not require you to pay the tax at 49% of trust profits. Your accountants know, who are the beneficiaries of the trust, how much they […]
Why do Tax Planning?
Imagine what you could do with your tax saved! start a new business reduce your mortgage bump up your super book a holiday save a deposit for your home or investment property pay for extra tutoring for your children upgrade your car All business owners must consider 5 KEY THINGS right now. Some of them […]
5 Tips for using your Accountant’s Service to its Maximum Potential
Choosing the RIGHT Accountant will play a vital role in your business’s success. A Success Accountant will take your business to the next level, using cloud technology to help you understand how to improve your business efficiency, provide deeper insight to your numbers and increase the profitability of your business! If you are not offered […]
Travel between home and work and between workplaces
If you are self- employed, a business owner or an employee use this guide to know when you can claim travel between home and work and between workplaces. As a general rule, travel expenses are deductible when they are incurred for business or work-related purposes. These rules apply whether you travel by train, bus, taxi […]
Claiming home office expenses in your 2016 tax return
Many aren’t aware that they can claim home office expenses. Whether your self-employed, a business owner or an employee – do you perform some of your work from home? If you do, here is a quick summary of the tax rules, and what home office expenses are allowed. Even if the room in your home […]
Put Extra Cash in your Pocket Every Fortnight
Did you obtain a large refund last financial year? What would you do if you can have them in advance? End of financial year is always an exciting time for many of the investors. This is because they are able to claim the losses from repairs and maintenance, depreciation expenses, interests, agent fees, water rates, […]
Last Minute 2016 EOY Tax Minimisation Tips
Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action just before and just after 30 June. Some of these will help to minimise your tax. We have outlined these action points below to assist you. Date Action Required BEFORE 30 June 2016 […]
Well Done to the #SuccessFamily aka clients of Success Accounting Group!
We’ve been actively researching the latest in tax law and have found a number of strategies that will either save you tax, increase your wealth and / or accelerate your cashflow. Thanks to your prompt action, we are well on our way to our campaign goal – Save $250,000 Tax by 30 June. Beginning next week, […]