Understanding Your Finances and MoneyUnderstanding Your Finances and Money


About Me

Understanding Your Finances and Money

Hello, my name is Gary and this blog is designed to help you to understand your finances and money. For many years, I thought I understood money. I was paid every month by my employer and then I spent the money on my rent, food and other things. It was only when I inherited a large sum of money. I had no idea how to invest it and keep it safe. I found a great financial advisor who explained the options I had to available to me. If you are looking for information about finance and money, I hope you find my blog useful.

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Organising tax payment for overseas work
26 May 2017

A lot of Australians like to travel and work, with

Why You Shouldn't Try to Be the Expert When It Comes to Tax Reporting Matters
18 May 2017

There's a lot to be said for keeping an eye on eve

Business Expansion Into Overseas Markets
5 May 2017

If you are looking to expand your business into ot

Looking For a Financial Advisor? Two Main Things to Consider
20 July 2016

Financial advice will help you make the best decis

Organising tax payment for overseas work

A lot of Australians like to travel and work, with a working holiday being a great way to be able to extend your travel budget. However, it's important to keep a track of your tax obligations in Australia so that you don't face a nasty bill after you get back from your trip.  Reporting all of your income As an Australian living abroad you need to complete a tax return in Australia which includes all of the income you earn abroad as well as the income that you earn in Australian (including residual income such as interest on accounts that you have left open in Australia, rent that you earn on your property in Australia or dividends on shares that you still own). Read More 

Why You Shouldn’t Try to Be the Expert When It Comes to Tax Reporting Matters

There's a lot to be said for keeping an eye on every element of your small business operation. After all, you are ultimately responsible for its growth and development and need to understand what's going on. However, that doesn't mean that you can allocate all of your time to administrative and accounting tasks, especially as you are not likely to be an expert in these matters. Why is it important to get outside help with bookkeeping, in particular? Read More 

Business Expansion Into Overseas Markets

If you are looking to expand your business into other countries, it is an exciting time. You will have a lot of things that you need to organise. One of the most important issues is to check that you have adequate business insurance.  Are you covered for the right areas? Even covers that describe themselves as international may exclude certain high-risk countries (such as those in civil war) or also countries that are likely to have a very high claim threshold and litigation rate such as the USA. Read More