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Why failing can be good for your career

Posted on June 15, 2018 by admin

Failure is often considered a sign of weakness or defeat. However, it is also known to be a natural stage in an entrepreneur’s career and a stepping-stone to success in the world of business.

Embracing the failures that arise in your career will help you to pinpoint ideas, strategies, etc, that were not working and learn from these past errors. It is often through analysing what did not work in the past that allows us to evolve and find the right strategy for success in the future.

Facing these challenges also builds life experience and diminishes the fear of failure. If you have failed and picked yourself back up again, what is there left to be afraid of? This idea helps us to build qualities like tenacity and persistence, essential characteristics needed to be a successful entrepreneur.

Consider adopting these ideals should you ever face failure during your career:

Remember, it is often through making mistakes that new opportunities pop up and take us forward.

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When do you have to pay tax on shares?

Posted on February 20, 2020 by admin

Investing in shares is a popular method of growing your wealth, however, there are tax obligations you need to be aware of to get an accurate sense of how much you’ll need to put aside for your investments.

When you own shares, you need to declare all your dividend income on your tax return. It is possible to claim tax deductions for certain expenses you pay to receive income from your shares. The deductions you are eligible for will depend on if you are carrying on a business of share trading or if you are an individual share investor, but they can include:

Individual share investors cannot claim a deduction for the cost of acquiring shares, such as costs for brokerage and stamp duty, however, they can claim deductions on the prepayment of expenses related to the shares such as internet fees or seminars.

Buying and selling shares can involve capital gains tax (CGT), depending on whether you make a capital gain or a capital loss on your shares. Your capital gains or loss is the difference between the price you paid for the shares and the price you sell them for. If you end up selling your shares for more than you paid for them, then you make a capital gain which may be taxed.

How much CGT you need to pay varies depending on:

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