Calculating Depreciation on Assets

How to Calculate Depreciation All businesses and organisations need to account for the consumption, or depreciation, of their assets over time in a way which accounts for the assets’ declining value. Depreciation is defined as the value of an asset over its useful...

What is the Six Year CGT Rule?

If you’re planning on moving from your current home but don’t intend to sell, you may be eligible for the six year Capital Gains Tax (CGT) exemption. The six year CGT rule is an especially useful exemption to understand if you are moving interstate or overseas to live...

Dealing with Bad Business Debts

Get out of Debt Anyone who has experienced working with a client or supplier that didn’t pay their bills on time knows that dealing with business debts can be a painful experience. Avoiding late payment is vital to a business’ cash flow, financial viability and...

Important ATO Business Lodgement Dates

Nobody means to be disorganised, but if you find yourself rushing to meet important Australian Tax Office (ATO) business lodgement dates throughout the year – or worse, missing them – start this year off right by creating a dedicated calendar outlining the dates most...

Simple Steps for Reducing Credit Card Debt

Credit cards are an important and useful instrument in managing finances but, for many, debts can swiftly get out of hand. If you find yourself in this situation, reducing credit card debt effectively can suddenly seem like an insurmountable task. It is possible,...

Business Budgeting Tips for the New Year

January is a good time to consider what’s ahead for your business – whether you want to expand, diversify or continue to operate smoothly – and a large part of being able to achieve your New Year goals is having a solid business budget in place. Creating a budget is...