Property Investment with property investment with negative gearing

Property Investment with Negative Gearing Property investment with negative gearing involves discipline, longevity and an understanding of risks. Thinking about buying an investment and using your mortgage as the gearing tool to fund an investment? There are pros and cons to the method of negative gearing.  When the market is good the returns are good,…

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Tips to boost Increase the value in your business for sale

How to start planning for the sale of your business Increase the value in your business for sale, at some point in the future. At some point most business owners will consider retiring or moving on to a new career, therefore careful planning should be put in place to ensure your business is as appealing…

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solutions for business problems

Plan and Relieve Uncertainty Uncertainty in the market place creates the need to focus on the present, neglecting the future needs and growth of the business. Therefore it’s important to balance short term goals with a long term approach. Short term results are just that and a business does not survive the long haul without…

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ATO Audits and how to avoid them

Recently the Australian Taxation Office (ATO) has recorded an all-time high for tax audits with the main focus being businesses turning over $1-$3 million dollars. Their ability to cross reference tax information declared against Workcover, Centrelink, Department of Transport, superannuation funds, banks and other financial institutions has increased in leaps and bounds. Tax Audit |…

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working holiday overseas

Who is an Australian resident for tax purposes? Are You Living and Working Abroad? Every year thousands of people travel abroad for either an adventure filled working holiday or for the chance to further their careers, however questions around Australian tax laws and what applies to people are often unknown. Australian resident for tax purposes?…

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Why do we need Terms and Conditions

What are your businesses terms and conditions? Here is some advice on business terms and conditions. For example, 60 day terms has been a growing trend for several years now and one that should be approached with caution. Ideally, 60 day terms, should be provided to those clients who have proven to be responsible with your…

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Accountant Essendon at TJD Accounting Services we develop partnerships with businesses and people.

  Are your customer relationships solid? Some advice about building better customer relationships and why to make it integral to your business. Treat people the way you want to be treated! A motto many of us live by. So put yourself in the shoes of your customers. Would you be happy with the service, relationship…

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Accounting vs Bookkeeping

What is the role of a Bookkeeper? Cash flow in a small business is what we live by and accurate record keeping is the key to decision making and future growth plans. So why use a bookkeeper over an accountant, or be your own bookkeeper. After all the role of bookkeeper is to generate data…

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Taxable payments in the building and construction industry. Small business by TJD Accountant Essendon and Keilor Park

  Taxable payments annual report. Taxable payments in the building and construction industry. Since 1st July 2012 businesses in the building and construction industry have been obligated to report to the tax office the total payments made to contractors for the financial year by submitting a ‘Taxable payments annual report’.   Businesses in the building and…

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TJD Accountant of Essendon on keeping up to date with overdue invoices.

 Do you follow up overdue accounts? Tip 1: It always amazes me as to how many people neglect to review their businesses debtors list and chase up any overdue invoices. If you’re a one man/woman show so to speak, then you will know that sending out and following up on invoices is time consuming, especially…

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