Posted on:
27 January 2015
If you are seeking to finance the purchase of new equipment for your business, you might want to consider an asset based loan (ABL).
What is an asset based loan?
An asset based loan is a business loan secured against company assets. Asset based loans are set up to offer a revolving line of credit. This means that a business is allowed to borrow money secured against its assets to meet expenditure or investment as required on an ongoing, rolling basis.
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Are You Eligible For A Tax Refund?
Posted on:
22 January 2015
Tax refunds can provide a significant financial relief to anyone during these hard economic times. What you need to ask yourself is, are you eligible for a tax refund, and if yes how can you claim it? According to the Australian authorities, one must satisfy at least one of the following conditions in order to be eligible for a tax refund.
You have been an Australian resident for at least half the tax year (6 months).
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8 Kinds of Deductions You Can Claim from Your Tax Returns
Posted on:
22 January 2015
When filing your tax returns in Australia, you can claim deductions for some expenses that directly relate your income. These allowable deductions are subtracted from your total income to arrive at the income. Allowable deductions must not include capital, domestic or private expenses. In cases where the expense is both work-related and domestic or private-related, you can only claim a tax relief for the work-related portion.
Discussed below are some of the work-related deductions allowed by the Australian authorities.
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4 Benefits of Hiring an Accountant Rather Than Doing Your Own Taxes
Posted on:
20 January 2015
When it comes to tax time, there's no reason to panic or get overwhelmed. Hiring an accountant to handle your taxes for you can be the best choice for alleviating the stress of preparing your taxes on your own, but he or she can also offer you some other benefits as well. Note why everyone should consider hiring an accountant to work with them throughout the year and to prepare their taxes come tax time.
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