Why Should You Hire an Accountant?
When business owners work on growing their companies, budget constraints often push them towards a do-it-yourself approach to managing their finances. Many see hiring a professional for bookkeeping or accounting as an unnecessary expense. However, this viewpoint fails to recognise the tangible advantages that an accountant can offer. It’s important to reframe this decision, not […]
Claiming Car Expenses Based on Actual Costs
Know what you can claim, and the documents you need to substantiate it. When an individual taxpayer wishes to submit a tax claim for business travel, the tax return form provides the option of basing their claim on ‘deemed costs’ or ‘actual costs’. Since eFiling has largely automated the process of claiming based on deemed […]
Your Money Is Not Your Shrink
I value and respect psychologists and how they help improve our lives. I, myself, have experienced this. Today, though, I deliberately choose the less elegant term ‘shrink’ to indicate that we sometimes make nasty shortcuts to what we think will improve our overall well-being, more specifically our money matters. Let’s face it, it’s a tale […]
Investing in Physical Assets
Slow-and-steady returns for patient investors After a period of low-interest rates, coupled with the printing of money in the world’s largest economies (such as the US and UK), monetary policy is getting tighter. This means that interest rates are rising and that it is harder to get low-interest-rate loans. In addition, investors seek a higher […]