Tax Doesn't Have to Be Taxing

Understanding Tax Advice Services: A Comprehensive Guide

6 December 2023
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It is important to delve into the world of tax advice services. It's an essential part of any business or individual's financial journey, helping navigate the complex terrain of tax regulations and obligations. The Core Elements of Tax Advice Services When you engage a tax advisor, they'll take you through a few key steps. They'll spend time understanding your financial situation, identify potential tax obligations, and suggest strategies to optimise your tax position. Read More

Make the next Property Tax Assessment Smooth and Accurate

12 September 2019
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Tax issues are complicated, and handling them yourself will just get you into some serious tax problems. People who own properties like homes and business premises receive property tax assessments indicating how much tax they are expected to pay. Most people find property taxes confusing because of the financial terminologies used. However, the process gets easier once you have some property tax consultants to guide you through the numbers. They understand tax issues and the assessment approach they need. Read More

Three Basic Tax Planning Strategies

21 March 2018
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Tax planning or tax-effective investing is a way of structuring your finances to reduce your tax liability and make some savings on tax. Tax planning can benefit both individuals and companies when it is carried out within the confines of the stipulated tax law. There are three basic ways you can plan your finances to minimise your tax burden; read on to discover these ways: Taxable Income (ATI). One of the critical elements used to determine the amount you owe in tax is your Adjusted Taxable Income (ATI). Read More

Reducing Your Taxable Income: Does Your Investment Property Have a Depreciation Schedule?

14 December 2017
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The concept of earning income from a rental property is relatively straightforward. You purchase the property, rent it to a tenant, and once costs and taxes are deducted, you have an income from the investment. But did you know you can use your investment property to reduce your taxable income, thus decreasing the amount of overall tax you have to pay? This is only possible with the creation of a depreciation schedule, which is a calculation of how much value the property loses annually due to aging and general wear and tear. Read More

3 Factors That Influence Personal Financial Plans

7 December 2017
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Having an annual financial plan can help you to keep in charge of your finances so that you may reach all your goals. Consider the various factors when you are developing an annual financial plan. Life Events Your annual financial plan should reflect the specific life events that have occurred or are about to occur in your life. For example, a person who has just graduated from college may give priority to saving to raise the down payment on the house that they wish to buy. Read More

About Me

If you find filling out your tax returns time consuming and confusing, then you are not alone. My name is Barry and I own a small business. Unfortunately, although I have started a very successful store, I do not really have a head for numbers. I made a real mess of my tax forms and it ended up taking me a long time to sort out. My friend recommended a tax service who produce all of my tax reports and returns. I have learnt so much from my consultant that I decided to start this new blog. I hope you enjoy it.