Accountant for Psychologists Blog Posts

HOW TO BE ABSOLUTELY PREPARED FOR YOUR TAXES

1. Create a Separate Bank Account for Tax Money Setting up a dedicated bank account for your tax savings can help you keep track of how...

INVESTMENT PROPERTY DEDUCTIONS

Understanding rental property tax deductions can save you a lot of money as a landlord. I hope this short article and checklist will help...

Deductions for Seminars, Conferences & Training Courses

The golden rules for claiming deductions relating to a seminar, conference or training course are: You must have spent the money yourself...

Working From Home Tax Deductions

How to claim tax deductions for Working from Home If you work from home to fulfil your employment duties, not just carrying out minimal...

2024 Budget Overview

The Budget and how it may affect You In this article Electricity Rebate Changes to HECS-HELP debt Stage 3 Tax Cuts Changes to Paid...

HECS-HELP debt

Updated May 2024 Good news from the Budget (May 2024) if you have a HECS-HELP student debt. From now on it will be indexed to...

Electric Vehicle Incentives from Federal & State Governments

Good news if you’re thinking of buying an electric car. You can buy it through your business if you are operating as a company or trust...

Is a Self Managed Super Fund right for me?

Traditional superannuation funds often feel like distant, impersonal entities and it’s hard to think of the money within them as actually...

How to keep personal tax records

Maintaining adequate and well-organized records is essential for taxpayers, as the burden of proof rests upon them in the event of any...

What you need to know about Trauma Insurance

Trauma insurance is a type of personal insurance that pays a lump sum benefit if you experience a major illness or injury. Unlike TPD...

TPD Insurance - What you need to know

Total Permanent Disability insurance, or TPD, pays a lump sum if you become totally and permanently disabled because of illness or...

Revisiting your Mortgage in times of Inflation

With interest rates rising it’s a good time to take a close look at your mortgage to make sure you’re getting the best deal possible....

4 types of Personal Insurance a Psychologist needs

Your greatest financial assets as a psychologist are your health and your capacity to generate income. We understand that no one likes to...

Life insurance - 6 things to consider for psychologists

What exactly is Life Insurance? Life insurance, also commonly known as Death Cover, pays a lump sum of money when you die. The money goes...

Vehicle Tax Deductions for Psychologists made easy

The Golden Rules of claiming a tax deduction for any work‑related expenses are: • you must have spent the money yourself and not...

How to change your accountant in 4 simple steps

Making the decision to change accountants can be a significant step for a business. But rest assured, it's a common practice and a...

5 Rules for Tax Record Keeping

A record explains the tax and super-related transactions conducted by your business. There are five record-keeping rules based on law and...

Serious saving strategy for working couples

Are you and your partner saving together for something major? If both of you are earning a comfortable income, a great strategy for...

Enduring power of attorney

Enduring Power of Attorney This is a legal document allowing you to appoint a family member, a close friend or a professional, to look...