Accountant for Psychologists Blog Posts

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...

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

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

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

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...

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...

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...

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

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

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

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

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....

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

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...

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

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

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

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