MPS Cloud Accounting in Cranbourne East, Victoria | Tax preparation service

MPS Cloud Accounting

Locality: Cranbourne East, Victoria

Phone: +61 3 9028 8487

Address: 84 thunderbolt Drive 3977 Cranbourne East, VIC, Australia

Website: https://mpsaccounting.org

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25.01.2022 6 Steps you can take today to achieve your financial goals Are you struggling to manage your household expenses, mortgage repayments and other unexpected bills that always seem to arrive at the wrong time? It might be time for you to sit down and create a budget that works for you. Many homeowners have achieved their financial goals a lot sooner by creating and following a careful budget. Who knows - you might even be able to pay a little more off your mortgage each month ...and be mortgage free a couple of years sooner. Step 1 - Identify how you're spending money now Get out the bank statements, receipts and online banking, and spend some time examining exactly what you spend money on now. Be honest, and don't forget to factor in the things that only come up on occasion - like car registration, birthday presents, Christmas etc. Step 2 - Set goals for the future Work out what you hope to achieve by implementing your budget. This will help to motivate you because you will be working towards an actual goal and you can see the results. Step 3 - Use budgeting software or other methods for monitoring spending There are some incredible programs available now for budgeting, accounting and monitoring spending. Many of these can be synced with your internet banking so that they automatically collate the information for you. Step 4 - Leave room for the occasional unscheduled purchase There's no use creating a strict budget if you can't stick to it. If you currently go out for dinner once a week, rather than removing it altogether, try budgeting for dinner out once a month. If you don't feel like your life has come to an end, you're more likely to stick to the budget and achieve your goals. Step 5 - Watch out for disappearing notes Do $20 notes seem to grow legs and walk out of your wallet whenever you stop at the ATM? If you don't need to withdraw cash then try to avoid it. Most outlets have EFTPOS facilities these days, so try using your card for small purchases, rather than withdrawing money and making it disappear. Step 6 - Don't count on uncertain wins Don't spend money that you can't afford, because you think that you might be getting a tax return this year. It's dangerous to rely on any money that isn't guaranteed when you create your budget. Maybe you could wait until you actually receive the money and then do something really special with it once you have it.

23.01.2022 Here are some Super Savings: In March this year Australian workers had more than $1.8 trillion stored away in superannuation funds, in part thanks to a system that generally requires employers to pay a contribution on employees behalf. From July 1, this required employer contribution jumped .25% to 9.5%.* For many wage and salary earners who benefit from these compulsory super contributions, super is often something they think about once a year when their statement arrives i...Continue reading

22.01.2022 Finance new equipment to generate new income.

17.01.2022 Mortgage holders may be reluctant to make moves in the property market right now, but plenty are interested in making moves with their home loan. The AFG Mortgage Index indicates around 35% of new home loans were due to refinancing. At the same time, a survey for Ernst and Young by Quantum Market Research found 65% of borrowers were looking to be rewarded for loyalty with lower fees and better rates. However, a third of potential switchers admitted they gave up because there ...Continue reading

16.01.2022 How to make sure your next home isn't a money pit. The typical home purchaser spends around 90 hours over 6 months browsing the internet, researching websites, visiting real estate agencies and inspecting no less than a dozen properties. However we only spend a little more than one hour inspecting the home we eventually purchase.... Not surprisingly, 55% of us discover 'hidden problems' after the settlement. Please read this article on how to avoid problems before finalising the purchase of your next home - Biggest Investment. https://www.mortgageaustralia.com.au//biggestinvestment.pdf

15.01.2022 How to spot a Cover Up - and avoid Buyer's Remorse: Every day, buyers walk into an open house without really looking for problems. Of course, it's nice to be polite when an agent is showing you through a property, but when you get distracted by the leather lounge suite and the smell of fresh cookies in the oven, you might be missing some tell-tale signs that something is not quite right.... So how do you spot a cover up? How do you know if the vendor is hiding a few skeletons in the closet? 1) Too-fresh Paint Use your nose. If you smell fresh paint -and not just recent but 'done today' fresh paint, there's probably something amiss. When people try to cover up water damage to walls and timber skirting boards, the stains have a way of coming back again and again. Often, the paint will need to be done weekly in an effort to avoid replacing the damaged area. Look up at the ceiling as well - if that was freshly painted this morning you could be looking at a big problem. 2) Rugs in strange places It's common to have rugs in the living area and along the hallway, but if this house has rugs all over the place for no apparent reason, there might be something lurking beneath. 3) Wall decorations out of place We all have some pictures on the wall, but usually we put them in a sensible position, with a bit of consideration for symmetry. If you see one section of wall with four paintings all touching each other, there could be a little surprise waiting for an unsuspecting buyer. 4) Dishwasher completely dry This one might sound silly, but try opening the dishwasher. Its good manners to have either no dishes, or clean ones in there on open day - but there should be some sign of use. If there isn't a drop of water to be seen, it might not be working. Ask the agent to turn it on for you and see what happens. 5) One too many air freshening methods We all love a bit of sandlewood and lemongrass - but if the owners have used five different air freshening methods in the one room, they might be trying to cover up a damp smell or something worse. Use your nose as well as your other senses when you inspect to buy.

13.01.2022 The longer you take to pay off your home, the more you are going to pay. There are many strategies to reduce your loan. Click here to download my "Top 12 Tips to Paying Your Off Home Loan Sooner". https://www.mortgageaustralia.com.au/em/files/top12tips.pdf

12.01.2022 6 Tips to Avoid a Bad Purchase: You searched the web for properties that fit your criteria, and one in particular caught your attention. The photographs paint a lovely picture, and the agent swears that this one is something special. But before you get to the open house, be sure to take a moment and remember that you have a job to do... ... 1. Ignore the trimmings It's easy to be romanced by the lovely scented candles, flat screen television or pricey bedspread, but the reality is - you're not shopping at a department store. This is an important purchase, and when the designer furniture is removed from the house you don't want any surprises. Make an effort to look past the decorations and really notice the layout, condition, features and drawbacks. 2. Look up, and all around Take a good look at the ceilings and walls - water damage and leaks can be costly to fix, but the good news is that usually they are difficult to hide as well. Try to use all of your senses and be on the lookout for smells and sounds that might indicate a problem with the property. 3. Check out the neighbours Your grandparents would probably tell you to buy the 'worst house on the best street'. There's a lot to be said for location, and part of the formula is to be surrounded by neighbours who maintain or improve their properties. Try introducing yourself to the neighbours and see what you find. If the elderly lady next door says "I'm glad they decided to sell that house - we need new fences and they won't pay up" you might like to leave some room in your budget! 4. What's most expensive to fix If the kitchen and the bathroom are a lovely shade of brown and you would like to renovate as soon as possible, make sure you can afford it. These are usually the most expensive rooms to improve, and you need to know what you're in for. If in doubt, ask a tradesman to inspect the property with you before you make an offer. 5. Ask lots of questions It pays to ask plenty of questions - a great one is 'why are they selling?' If you have twins on the way, and the agent says 'they want to have another baby', you might like to consider whether the property is big enough for you. It's also a great idea to ask how much the current owners are paying for their utilities. Some houses, by design, tend to generate very large heating and cooling bills, so these are all important considerations. 6. If in doubt - organise a building and pest inspection Unless you really know what you're looking at, it always pays to arrange a building and pest inspection. This can be added as a condition when you make an offer on the property. If the vendor is not willing to allow an inspection, you might like to run screaming down the street before making a very costly mistake.

10.01.2022 Here's some help with saving for your first home: Crush credit card debt You are working with one hand tied behind your back if trying to save for a home deposit while carrying credit card debt. Switch to a low-interest credit card and pay off as much as you can afford each month. The quicker you clear your debt, the faster you can put those funds into your deposit.... Move home Rent is another way to snuff out savings. While not everyone is in a position to do so, moving back to the family home can be a fast ticket to savings central. The simplest way to work out if a non-bank lender is right for you and your circumstances is to talk to your broker. Brokers act as a one-stop shop, with access to a wide range of lenders, including banks and non-banks, and hundreds of home loan products. From little things: If you require five or more years of savings to build a deposit, consider parking the funds in a term deposit account, where you are offered a higher interest return than a regular savings account in exchange for the use of your money for a set period. Minimum term deposit amounts can start at $1,000. While interest rates are fairly modest, it will take a number of years for your savings to sprout, but it's a low risk investment option to consider. As with any investment decision, speak to a financial advisor before making any decisions. Manage expectations: Even the best laid plans can go astray. If you find your circumstances change, the real estate market jumps beyond your reach or life throws a curve ball at your savings, you might need to lower your expectations for your first property. A one-bedroom unit might be more within your budget than a house and garden, or you might have to look at a different location. You may also have to save for much longer than expected. Don't be thwarted. Adjust your plan if needed, but stick with it. Perseverance is often the key to that first home."

08.01.2022 Some tips to help you buy your next car for less. Enjoy that new car smell longer. There is something special about buying a brand new vehicle - the smell... the pristine paint... the purring of a well timed and perfectly balanced motor.... ... So how do you ensure that feeling is not soured as you drive out of the car dealership? Car dealerships can be a very high pressured sales environment. The salesperson has a number of techniques they will utilise to ensure their bottom line is better than yours. The most important factor to ensure you obtain a 'good deal' is to do your research before you start negotiating. When buying a new vehicle, generally a number of individual transactions take place: 1. purchasing your new vehicle, 2. selling your old vehicle, and 3. organising finance. When negotiating, you should strive to win on each of these transactions. Before entering negotiations with the salesperson it is recommended you complete the following steps, which are outlined here in my latest factsheet: "Enjoy that new car smell longer!" https://www.mortgageaustralia.com.au//enjoythatnewcarsmell

06.01.2022 You're a parent whose grown up kids want to buy their first home. And because you want the best for them, you probably also want to ensure that they get the correct advice before they sign anything. A truer word has never been spoken. ...and I think the best start for first home buyers is to talk through their options with someone who has done it before as well as someone who is directly involved with the process every day.... If you are a parent whose children have grown up, you've probably bought a home before. I'm helping people buy their home every day, it's my job. This means, together, we are well qualified to point your young adults in the right direction when it comes to buying their first home. So, why don't we catch up with your kids and discuss their options together. Between us, we should be able to provide helpful advice and motivation along the way. I provide home loans for just about everyone and every situation so why not try me out? It doesn't usually take long and the privacy act ensures our conversation is entirely confidential. A cuppa and a chat. It could be as simple as that.

06.01.2022 Want to know what the wrong finance may do to your bottom line? Let’s talk. The wrong finance may have a real negative effect on your income. Many businesses u...se a loan to help take care of day to day costs like cash flow, wages, and bills. When it’s the right loan, it can help improve the running of your business. Get the structure wrong and it may become a cost with the ability to really put the brakes on growth. Get in touch and let us help you choose the right finance solution for your business needs. Contact MPS Cloud Accounting 03 9028 8487 - 0452596867 [email protected] www.bengabriel.smartonline.com.au See more

03.01.2022 If you are a property investor - here is how to increase your rental returns. You've taken the plunge into the investment property pool and now have to find tenants. Although most rental markets throughout Australia remain tight, there's still a need to put your property's best foot forward to attract optimum returns. Here are some of the ways you can add value and ask for more rent for your investment....Continue reading

01.01.2022 Bridging finance vs deposit bonds - avoid financial distress by learning the difference: Have you decided to purchase a new home before your existing home is sold and settled? Bridging finance might be an option for you - but beware - there are some pretty big risks involved. Bridging finance allows you to purchase a new home while your old home is not yet sold. As the name suggests, this sort of loan will 'bridge the gap' between two properties by financing both for a short ...Continue reading

01.01.2022 Should you buy or build your next home? Many buyers struggling to find the right home are going back to the drawing board and building rather than buying an existing home. There are obvious benefits to a brand new home: you can build exactly what you want and enjoy shiny new surrounds, with no wear and tear costs for years to come. But there can be downsides to creating your castle....Continue reading