Every financial year owners of investment properties are required by law to file their annual income tax returns. Quantity surveyors help property investors to claim a depreciation of their property --be it old or new-- against their taxable income. Notably, the Australian Taxation Office (ATO) requires that individuals who purchase property for income-generating activities should be entitled to some form of depreciation deduction. Here are some top tips to help new property investors benefit from depreciation deductions.
23 August 2017
Many people, when they think of a financial adviser, bring to mind someone who helps people organise their vast sums of money and invest it to make even more. Really, though, this is a pretty inaccurate image, and financial advisers help a lot more people than just the rich. In fact, there are plenty of situations where getting independent advice from an expert on financial matters is incredibly useful. So, even if you've never considered financial advice as being something you need, you might want to rethink if you fall into one of these groups.
15 August 2017
Running any business comes with an element of risk involved, so you'll want to do everything possible to protect your bottom line from massive losses that could shut down your operations. Business interruption insurance is a good way to protect yourself in the event of unforeseen circumstances affecting your business, so consider these factors. Understand The Elements You're Entitled To Under Business Interruption Insurance Business interruption insurance overs your income loss in the event of a disaster or unforseen circumstance, but it's important to understand the elements you're entitled to under it.
31 July 2017