Hi everyone – I’m Sam, and I will be a regular tax and finance writer on Shirl’s Pearls. I’m thrilled to contribute towards demystifying a topic that can seem scary at times. But it doesn’t have to be, and I hope you’ll soon feel the same way!
I first started working in tax in 2005. At the time, I was employed part-time at an accounting firm while studying the subject at UNSW. I started out preparing PAYG (‘Pay As You Go’) tax returns, but found the most enjoyable part of it was actually talking to people about their jobs to find out exactly what deductions they could claim!
With more experience, I prepared tax returns for clients with investment properties (both with and without ‘negative gearing’), shares, and small businesses. After graduating, I spent several years working in corporate tax and became a chartered accountant in 2012.
I later returned to university to begin a PhD in Accounting at UTS, completing it in 2021. I’ll spend more time talking about it and what it taught me about investing in future posts; for now, all I’ll say is you had a sneak peek of it in September 2021’s Investing Updates …
When my mother (Shirley of course) asked me if I wanted to write for her website, I was reluctant at first – primarily because us accountants are good at talking to each other, but don’t often share our knowledge with a non-technical audience. This may be one reason why most people don’t consider accounting as one of their pet subjects, and often fear it. Sorry, but I think this is a great shame!
Accounting is essentially about economic transactions and events and how they are recorded.
Whether we’re employees, investors or business owners, we transact every day of our lives. I hope to help you better understand the implications of these (often important!) transactions.
I had originally planned to talk about dividends and franking in my first post. However, over the next couple of weeks I’ve decided to share my thoughts on eastern Australia’s emergence from lockdown – and what this will mean for the economy – so stay tuned!