Managing our money as a couple

Preparing to knockdown your home and rebuild

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If you have a home in a great location, you might be looking at the option of demolition and rebuild. This can often an affordable option compared to doing an extensive renovation and can often be easier if you have an older house in poorly maintained condition as it replaces all of the ‘hidden’ aspects of the house including plumbing and wiring.   Here are some tips when you are contemplating a demolition and rebuild. Read More»

3 Investment Property Tax Deductions You Might Not Have Thought Of

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Negatively gearing an investment property is an excellent way of structuring your affairs to minimise tax while simultaneously setting yourself up for a capital gain on the property’s eventual sale. To maximise the tax benefits of negative gearing, you need to maximise your deductions. Here are 3 investment property tax deductions many investors forget to include when submitting their returns to the Australian Taxation Office (ATO). Prepaid interest Most investors know that they can claim interest on borrowed funds as a deduction against their rental income, but did you know that you can claim a deduction for interest that is prepaid up to 12 months in advance? Read More»

Small Business Tips: Strategies to Keep Your Accounting Costs Down

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If you own a small business that’s striving to expand and grow, then one of the key strategies to achieve this is by keeping your expenditures down. Since most small businesses outsource for accountants, this is usually one of the major costs that are incurred. However, this does not mean that your business has to pay exorbitant fees for the preparation of annual accounts and to get your business taxes paid on time. Read More»

3 Things You May Not Know About Home Insurance

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If you are currently in the market for home insurance, there are some things you should know first. While you might already know that there are different policies with different areas of coverage, there are some things you might not already know. Here are some different things to know about home insurance before you choose the right policy. It Doesn’t Often Include Flood Insurance One of the bigger surprises when it comes to home insurance and what it covers is that flood insurance is rarely included. Read More»

Don't Go Direct; Use an Insurance Broker

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From a general point of view, buying an insurance policy product directly from the insurance provider cuts out the middleman, in this case, the insurance broker. In other words, you are dealing with the insurance company directly rather than via an agent. Nevertheless, while you suppose you are saving on costs by going direct, nothing could be further from the truth. Further to that, buying directly from an insurance firm passes on a level of risk to the consumer, which many actually don’t recognise exists. Read More»