Most property investors do not understand the value of a tax depreciation schedule in their business model. Unlike other forms of financial deductions on investment properties like body corporate fees, land tax, property management fees, repair, and maintenance, you can claim this form of deduction without spending a single coin each financial year. Depreciation makes
Tax depreciation, popularly known as property depreciation, is a legitimate claim against assessable taxable income. It is a deduction generated by residential or commercial property and considered one of the best tax breaks for investors. This option allows investors to deduct part of a property's original costs of land, equipment, and capital works annually as long
Today, the challenge of managing your taxes has been minimised by different financial software. However, there are some cases where you'll have to solicit the services of a tax expert. But before jumping straight to finding reputable tax accountants, you need to determine when and why you need them in the first place. During the tax season, there are several reasons w
Public liability insurance is a cover that protects you when a third party gets injured or has their property damaged as a result of your business operations. If you're a sole trader, you may be thinking that this form of insurance is reserved for businesses that have employees. However, this is not always the case. While public liability insurance is not mandatory, y