A Guide to Hiring a Tax Accountant

Filing tax returns is often a tedious task for many people. This is especially so for small business owners who do not remit taxes monthly like employed people. While filing tax returns is often seen as benefiting the government, there are various advantages of filing returns to an individual. Filling taxes gives one an opportunity to claim refunds if they find out they overpaid taxes. Filing tax returns is proof of creditworthiness.

Key Points of Negative Gearing for Real Estate

Negative gearing is a tax term that is used most commonly during your quarterly or yearly income tax reviews. The concept is to offset the loss of an item against other income. You may have been told, at some point, that this method would work well for recent real estate acquisitions you have made. Before you go forward with any negative gearing options or processes, consider the following key points.

Commonly Asked Questions About the Australian Property Depreciation Schedule

When preparing your taxes that involve any type of commercial or rental property, you may be allowed to depreciate the value of that property every year, according to a depreciation schedule. This can lower your tax bill, as property taxes are typically calculated according to a building’s overall value as well as the value of equipment and other such pieces and features of a commercial property. If you can depreciate that value, your taxes are lower.

Top Four Ways Quantity Surveyors Can Help You Save Money on Your Construction Project

Construction projects can be expensive, and as an investor, you need to be creative about cutting costs without sacrificing quality. A quantity surveyor can help you save money throughout your project from the planning stages until the very last task is complete. Here’s a look at how these professionals can help: 1. Creating a budget Quantity surveyors are trained and experienced in the art of construction. They can look at your blueprints and your proposed site, and they can estimate the total cost of your project.