Posts by Success Tax Professionals
How can a small accounting practice back up their data on a budget?
Backing up your practice data is essential. Loss of data can cause irreparable damage to a small accounting practice.
Read MoreIntrinsic value, a measure of volatility and risk
Intrinsic value can also be a good measure of volatility and risk. A current example is Bitcoin and other crypto currencies.
Read MoreEmergency finance
Our finances can rapidly spiral out of control without warning and in turn our mental health, but there is help available.
Read MoreApply principles of business management to personal finance – Prioritise, assess, restrain
Appy the 3 principals of business management to your personal finances – prioritise, assess and restrain.
Read MoreInvest long term for predictable high returns
The share market over the long term has a much higher return than bonds and cash. Do not panic sell during market crashes.
Read MoreUsing self-control to increase wealth
Self-control throughout our lives will also help us grow wealth and take control of our personal finances.
Read MoreCan you afford a rise in the cash rate?
When taking out a mortgage, we need to determine what we can afford in the worst-case scenario. Interest rates rose to 17.50 per cent in 1990.
Read MoreDebt servicing costs should not exceed 30 per cent of income
How much debt is too much? For the average Australian, debt servicing costs should not exceed 30 per cent of income.
Read MoreEat your leftovers
By simply reusing leftovers and reducing food waste to zero, we could be saving an average of $1,344 per year.
Read MoreNo interest loans
Individuals struggling with money can rack up huge interest debts when borrowing money that just can’t be paid back.
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