Tax

Couple managing the debt

Flow on consequences of the removal of Interest deductibility

For many investors the impact of phased removal of interest deductibility is still sinking in. In this article we explore some of the consequences of the change that may not have been apparent at first glance. Firstly, a recap on the government’s announcement. For acquisitions of residential property after 27 march 2021 interest will only …

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Taxes. Finances

The importance of “reconciliation”

Reconciliation is a fundamental accounting process that will ensure your financial records are accurate and complete. But it is surprising how many businesses do not undertake them. What is it? Reconciliation is the process of comparing accounting records to supporting documentation (for example, the bank balance on the balance sheet to the bank statement) to …

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