Don't Ignore the Fact That It's Time You Hired an Accountant
26 July 2016
You are often legally allowed to prepare your own tax returns, either for yourself or for your business, and doing this on your own might save you the cost of hiring an accountant. However, hiring an accountant to handle your returns can also mean saving on the cost of overlooking certain deductions, and the possibility of penalties and fees you might face from mistakes you make on your returns. Unfortunately many people overlook signs that it's time they hired an accountant to prepare their returns; note a few of them here so you can ensure that you don't make this same mistake and always have your taxes prepared properly.
Accountancy tips for new businesses
19 November 2015
Provided that you have not qualified as an accountant, the world of accountancy can be intimidating and overwhelming to those who are involved in starting a business for the first time. Especially if you are young, it can be a very confusing topic that you have little to no experience with handling yourself. You may have never had to file a comprehensive tax return yourself, thanks to being employed by a corporation that looks after most of that stuff for you.
The Benefits of a Superannuation Fund for Retirement
24 August 2015
A superannuation fund is a retirement fund that is meant specifically for accessing when you retire, and it offers many benefits over standard investments and pension plans. While it's not meant to be accessed until you retire or in case of an urgent financial situation such as permanent disability or terminal illness, it does offer many advantages over other types of retirements plans. Note a few of the benefits of such a fund here, and be sure you talk to your accountant or financial planner about any changes that may have been enacted for such a fund before you decide it's the right choice for you.
How Do You Write Off a Holiday Trip on Your Taxes?
24 June 2015
Taking a holiday can be expensive but with a little prior planning and a bit of creativity, you may be able to deduct some of those expenses on your taxes. Check out these accounting ideas. They don't work for every situation, but they may work for yours:
1. Plan a business trip
If you own your own business, you can write off the cost of a business trip on your taxes.