Accounting with Cryptocurrencies and Other Unique Situations: An Accounting Blog

Posted on: 12 October 2016

As a self-employed person, you'll need to spend time making sure that you save enough of your income to pay the taxman each year. Luckily enough, there are also several ways to legally reduce the amount of tax that you pay. Here are just four ways that self-employed people can reduce their tax bills. Contribute to Your Retirement Fund A superannuation is a way to save money towards your retirement. As a self-employed person, you will need to contribute to it yourself instead of having an employer fill it up.
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Posted on: 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.
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Posted on: 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.
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Posted on: 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.
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