Today’s retirees had planned for the future but many did not expect the low interest rates of current cash deposits.
The global financial crisis of 2008 spurred many retirees to move their
investments to cash and lock in rates. Now, three years later, many
retirees face term deposits with significantly lower cash rates that are
projected to fall even further in the coming year.
The last thing a retiree should do is to chase the next ‘hot’ asset in
hopes of rebuilding income. An experienced financial advisor can help
retirees invest for income through a diversified and balanced portfolio.
Read more here: http://retirementplanningperth.net.au/retirees-under-pressure-with-lowering-interest-rates/
Thursday 29 November 2012
Thursday 25 October 2012
Investing in Property using Your SMSF
Having full control over your
superannuation is only one advantage of self managed super funds.
Being able to borrow money through your
SMSF and investing in property is another one.
Having a mixed portfolio within your
superannuation is important and investment properties should be a
part of it.
Paul Baggetta has recently written an
excellent article which points out not only the possibilities of
property investment through your self managed super fund but also the
provisions and why you should discuss this with a professional
accountant that knows the ins and outs.
You can find the article here:
ATO targeting SMSF's
Self Managed Superannuation Funds are
becoming more and more popular. And that for a good reason.
Using a SMSF people can take control of
their retirement funds and even use it to invest in property.
With the growth of SMSF, the ATO is
about to target the funds trustees.
You can read more about this here:
Taking control of your Cash Flow
The term Cash Flow is used by so many
people these days, but do you really know what it means and why it is
so important to be in control of it (all the time!).
Most businesses that get into cash flow
trouble do so because they don't spend any time in managing it. Cash
flow statements are designed to forecast when and what you have to
pay and how much money you can expect to have available at that time.
To learn more about cash flow
management read this article written by Paul Baggetta:
Business Advice and why it is important
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Most small to medium business owners
think that getting business advice from a specialised accountant is
merely about the numbers.
It's not!
Sure, numbers play an important role
within the business but there are so many more things to look out
for. That's were professional advice can make the difference between
success and failure.
Other important areas include such
things as systems and procedures as well as staff stability.
For more information read the
following article: Business Advice is Not just about the Numbers
Tax Audits: How the Taxation Office uses Benchmarks
It's no secret that the ATO uses
benchmarks to check up on businesses to figure out if the business is
following their tax obligations.
Some of the benchmarks include: Rent to
turnover, material costs to turnover and costs of goods sold to
turnover.
The ATO will continue to add to list as
they have recently done by adding: GST free sales to total sales and
non-capital purchases to total sales.
To find out more read the following
article about the ATO's Use of benchmarks:
Boutique vs. Big Accounting Firms
Are you looking for a business
accounting firm for your small or medium business? Then you've
probably come to a point where you were not sure if it might be
better to hire one of the big boys or stay with a boutique but local
practice.
There is no definite answer to wether
the big ones are better or not. As so often in life: it depends!
Let's say your business turns over 30
or even 40 million dollars a year. In that case there is no doubt
that a big accounting firm might be more suitable for you than a
small one.
However, if your turnover is 10 million
or below than going with a small, boutique and local accountant will
have several advantages.
Paul Baggetta has written an
interesting article on that topic titled: Why boutique accounting firms can be better than the big boys.
Wednesday 19 September 2012
The Benefits of Hiring a Small Business Accountant
Many people believe that it's costly to employ an accountant, and that their assistance are employable only for big organizations. It's only a common fallacy portrayed in the movies. The truth is that, accounting firms commonly differ on their sizes, there are large as well as little ones. Hence, whether you've just got a small company, you also have the equal right when compared to big businessmen to obtain services of any accountant. With this, major accounting firms' support is not necessarily required by a small business. Instead, they can hire the services of smaller firms or independent accountants. Now you might be thinking what are the advantages of hiring a small business accountant are. Clearly, here are some of the following.
1. Advice in Bookkeeping. Keeping track of all deals can be a hard task specifically of the truth that there are different means of keeping books. By hiring an accountant, you will be given the right advice in keeping these books. Furthermore, you can have the benefit of saving time, and your claims will be guaranteed in lessening the tax bills.
2. Financial Advice. A small business accountant can offer assistance in operating your company. Whether, it is on the phases concerning cashflow, cost control and perhaps in planning a specific business. These accountants will surely give you the greatest help in operating your business to keep it growing and prevent it from deteriorating.
3. Tax Planning. Keeping track of the tax rules can be very daunting. The tax regulations is just dependant on updates regarding politics. One way for you to keep track in all the tax rules is through hiring a small business accountant. You can absolutely keep yourself from paying penalty fees simply because you're not cognizant of the regulations with regards to tax matters. In the end, you can reach the advantages of saving quite a big amount of money.
4. Assistance in Reporting and Returns. These are documents which have been required by the government to be incorporated by all sorts of businesses. Numerous business owners take these specifications for granted which could result in fines and legal problems. However, with the aid of the accountants, this thing can be remedied without worrying yourself in the deadline of the submission and from the nightmare of charges and fines.
5. Financial Analysis. A precise standing of your business monetary problems can surely be offered by a small business accountant that is a good aid for you to make necessary judgements. Not just that, you'll be also provided a hand in place with your financial statements, profit loss, as well as balance sheets. Which in fact is a very hard action to take. Particularly if you don't have sufficient understanding in doing these issues.
6. Time Saving. It is very demanding when you're managing a certain business. You need to give attention to the finances and the business itself. Even so, performing the finances precisely, can take so much time which leaves you a shorter time on controlling your business. Although, if you'll employ an accountant in your business, you can absolutely spend severe attention to the aspect of controlling your business as well as the finances, can be done precisely. Therefore, allowing you to concentrate on expanding your company.
The above mentioned are just some of the countless advantages that you can get from hiring a small business accountant. Just make sure that you employ the very best accountant that can provide you the most help with your financial needs.
1. Advice in Bookkeeping. Keeping track of all deals can be a hard task specifically of the truth that there are different means of keeping books. By hiring an accountant, you will be given the right advice in keeping these books. Furthermore, you can have the benefit of saving time, and your claims will be guaranteed in lessening the tax bills.
2. Financial Advice. A small business accountant can offer assistance in operating your company. Whether, it is on the phases concerning cashflow, cost control and perhaps in planning a specific business. These accountants will surely give you the greatest help in operating your business to keep it growing and prevent it from deteriorating.
3. Tax Planning. Keeping track of the tax rules can be very daunting. The tax regulations is just dependant on updates regarding politics. One way for you to keep track in all the tax rules is through hiring a small business accountant. You can absolutely keep yourself from paying penalty fees simply because you're not cognizant of the regulations with regards to tax matters. In the end, you can reach the advantages of saving quite a big amount of money.
4. Assistance in Reporting and Returns. These are documents which have been required by the government to be incorporated by all sorts of businesses. Numerous business owners take these specifications for granted which could result in fines and legal problems. However, with the aid of the accountants, this thing can be remedied without worrying yourself in the deadline of the submission and from the nightmare of charges and fines.
5. Financial Analysis. A precise standing of your business monetary problems can surely be offered by a small business accountant that is a good aid for you to make necessary judgements. Not just that, you'll be also provided a hand in place with your financial statements, profit loss, as well as balance sheets. Which in fact is a very hard action to take. Particularly if you don't have sufficient understanding in doing these issues.
6. Time Saving. It is very demanding when you're managing a certain business. You need to give attention to the finances and the business itself. Even so, performing the finances precisely, can take so much time which leaves you a shorter time on controlling your business. Although, if you'll employ an accountant in your business, you can absolutely spend severe attention to the aspect of controlling your business as well as the finances, can be done precisely. Therefore, allowing you to concentrate on expanding your company.
The above mentioned are just some of the countless advantages that you can get from hiring a small business accountant. Just make sure that you employ the very best accountant that can provide you the most help with your financial needs.
Thursday 14 June 2012
Business Accountants Perth
In terms of searching for the perfect business accountants Perth, you can be assured of knowing where cost savings can be done. You won't just lower your expenses by locating the best accounting service, but you can even save time and enery. Running a profitable business relies on an effective accountant and regular clients of course.
Accountants in Western Australia will help your organization in more than just one way. These kind of professionals look after your investments as well as resources, and they can reduce worry and give back energy and time to spend in your company instead of performing accounting tasks. In this way, you can actually gain much more work fulfillment and employ your time in a profitable way. A good Perth accountant is able to do your complete book keeping in a professional and legal way.
By simply hiring a registered accountancy firm, you will get the best out of your tax return. Business accountants deliver helpful guidance to their clients on how to makes use of the funds they've created from the sale of their particular products by making an investment in stocks.
These types of qualified professionals might advise against acquiring equities immediately after selling them given that the tax man is not going to permit you the capital loss. Therefore, it's imperative to seek help and advice from these kinds of people previous to spending your hard earned dollars in the stock exchange.
A different way of cutting your total annual taxes is simply by making contributions which are tax deductible. Small company accounting services help to make this practical for their customers by providing them lots of useful assistance. They also advise that you'll want to take care not to go beyond the contribution cap limit in any given year.
Another great suggestion with regard to small businesses is actually that they shouldn't leave their accounting needs to the last moment, because government may charge overdue tax payment fines. Your authorized accountant will assure you get the most beneficial tax returns, as long as you talk to him or her early enough.
A number of small businesses don't succeed even before they start out. Most of these failing factors are closely related to not enough money, bad supervision, making use of company resources for personal bills or long term investment decision without any preparation. That's why it really is essential that the small company carries out decent research and also evaluation ahead of deciding upon growing the firm.
Professional business accounting services are very important for the people who are sole traders, partnerships or limited corporations. Most of these professionals usually are most useful for organizations with little understanding of accounting, payroll, record-keeping, together with government tax and gross annual financial reports.
Business accountants Perth can help you maximise your tax results and also increase your business with success. These kinds of professionals have the specific expertise that can assist you reduce costs. If you were in the past managing your very own taxes, you'll then appreciate the real difference of getting someone qualified to perform your accounting on your behalf. You will certainly not feel dissapointed about your decision.
Accountants in Western Australia will help your organization in more than just one way. These kind of professionals look after your investments as well as resources, and they can reduce worry and give back energy and time to spend in your company instead of performing accounting tasks. In this way, you can actually gain much more work fulfillment and employ your time in a profitable way. A good Perth accountant is able to do your complete book keeping in a professional and legal way.
Business Accountants Video: How the can help your business
These types of qualified professionals might advise against acquiring equities immediately after selling them given that the tax man is not going to permit you the capital loss. Therefore, it's imperative to seek help and advice from these kinds of people previous to spending your hard earned dollars in the stock exchange.
A different way of cutting your total annual taxes is simply by making contributions which are tax deductible. Small company accounting services help to make this practical for their customers by providing them lots of useful assistance. They also advise that you'll want to take care not to go beyond the contribution cap limit in any given year.
Another great suggestion with regard to small businesses is actually that they shouldn't leave their accounting needs to the last moment, because government may charge overdue tax payment fines. Your authorized accountant will assure you get the most beneficial tax returns, as long as you talk to him or her early enough.
A number of small businesses don't succeed even before they start out. Most of these failing factors are closely related to not enough money, bad supervision, making use of company resources for personal bills or long term investment decision without any preparation. That's why it really is essential that the small company carries out decent research and also evaluation ahead of deciding upon growing the firm.
Professional business accounting services are very important for the people who are sole traders, partnerships or limited corporations. Most of these professionals usually are most useful for organizations with little understanding of accounting, payroll, record-keeping, together with government tax and gross annual financial reports.
Business accountants Perth can help you maximise your tax results and also increase your business with success. These kinds of professionals have the specific expertise that can assist you reduce costs. If you were in the past managing your very own taxes, you'll then appreciate the real difference of getting someone qualified to perform your accounting on your behalf. You will certainly not feel dissapointed about your decision.
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