Melbourne ‘unicorn’ Culture Amp posts $US34m loss despite revenue surge

Billion dollar employee engagement firm Culture Amp has posted surging revenue growth but a deeper financial loss for the 2020 financial year after clients cut spending during the first phase of the coronavirus pandemic.Financial documents published by the corporate regulator last week reveal highly touted Culture Amp’s revenue was $US45.8 million ($59 million) for the […]

The Investment Property Tax Guide & How to Save on Property Tax

January 25, 2021Written by Tuan Duong Founder & DirectorAs a property investor, there are several investment property taxes that you need to be aware of. While the Australian Tax Office (ATO) affords investors various tax deduction benefits, paying investment property tax is an inevitable component of owning an investment property. For example, investors are required to pay […]

Why a Tax Depreciation Schedule is Essential For Every Property Investor

December 15, 2020Written by Tuan Duong Founder & DirectorDid you know that 70% of property investors in Australia don’t buy a tax depreciation schedule? Depreciation schedules are one of the most effective but underused tools available for property investors to maximise their returns. When you think about the fact that depreciation is the second-highest tax deduction on […]

Credit Suisse freezes another $US1.2b of funds as Greensill fallout widens

Credit Suisse Group froze four more funds that invested in the bank’s $US10 billion ($12.9 billion) supply chain finance strategy, adding to the widening scandal surrounding the bank’s exposure to Greensill Capital.The additional funds have about $US1.2 billion ($1.5 billion) in assets, some of which they had put into the four Greensill-linked funds that Credit […]

Why an Investment Property Depreciation Schedule Is Crucial For Every Property Investor

January 14, 2021Written by Tuan Duong Founder & DirectorAn investment property depreciation schedule is among the most beneficial but underused tools available for property investors to maximise their tax returns.All property investors want to pay less tax, yet 70% of investors don’t benefit from tax depreciation deductions because they don’t order an investment property depreciation […]

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