Archive for the 'Personal Finance' Category
These are the most common errors we find on personal tax returns previously lodged by clients using the Tax Pack or ATO e-Tax.
Incorrect, missing or understated:
- Bank interest income
- Share dividends and franking credits
- Capital gains and losses
- Personal or Business income
- Home Office and Work Related Expenses
- Depreciation on Rental Property fixtures and fittings
- Borrowing costs and other expenses associated with rental properties
- Education tax refund expenses
We recommend you use our tax return checklist to make sure that your tax return is complete before it is lodged. Click here to download our 2010 Income Tax Return Checklist (PDF).
We try to be innovative and stay connected with our clients and customers. We’ve just created a Facebook page for our company.
We encourage our clients to become a fan of Prouse Family Accountants on Facebook. Please use the discussion feature and watch out for news, updates and special offers.
Please stay connected and make sure we have your current contact details. We would like to use electronic forms of communication a lot more in 2010 – its more convenient for our clients and saves money and paper in the long run.
Given the current uncertainty in the job market, we thought we’d share a few tips for job seekers.
If recent changes in your employment circumstances have affected your financial position, it might be a good idea to come and see us – and prepare a new household or investment budget.
Don’t stretch the truth
Once a hiring manager starts asking questions, she’ll quickly discover if the candidate has exaggerated his accomplishments.
Be focused
Don’t create one résumé and send it out to dozens of employers. Tailor your résumé for each type of job. It’s better to send out fewer, more targeted ones than to spam hundreds of hiring managers with a single all-purpose version. Using keywords that appear in the job advertisement helps.
Infochoice provides a family of websites focused on providing consumer information and reviews for financial products and services in Australia.
It features a number of very useful calculators and allows you to compare interest rates, fees, charges and options for credit cards, home loans, investment loans and other financial products and services.
If you are considering switching loans, shopping for a new credit card or investigating a variety of finance, banking and investment products – then infochoice is a great place to start.
Of course, don’t forget to call your Family Accountant if you have any unanswered questions or need information relating to the tax implications or tax deductibility of any financial product or service.
For small business owners, the services of an accountant can be of significant importance. As accountants we are involved in more than preparing financial statements and tax returns – we can provide assistance on everything from estate planning to business financing.
To make the most of our skills, knowledge and experience, its best to come prepared to every meeting with a few questions.
