According to the Reserve Bank of Australia (RBA), the number of investors owning multiple properties has been growing exponentially over the last few years. RBA puts the growth at 7.5% per annum for persons with various properties. Due to high demand for space, investors that buy old property make renovations worth thousands of dollars. As an incentive to investors, the Australian Taxation Office (ATO) allows deduction claims on depreciable assets. However, few are aware of the effects property renovations have on property deductions once they decide to dispose of them.
15 February 2018
There are almost limitless insurance options for construction and contracting businesses. The differences lie in the coverage amount, premiums, deductibles, scope of coverage and the specific nature of the policy. Therefore, if you are purchasing an insurance cover for the first time, you might be confused about the right choices. As a result, you might end up with insufficient insurance coverage. If you are concerned about this issue in your business, you should consider these tips for promoting proper coverage for your construction operation.
29 January 2018