Both new and established investment properties attract depreciation deductions for their owners, however, there are differences in what owners are eligible to claim. Read on to better understand the differences in depreciation eligibility between new and established investment properties! Depreciation overview Depreciation is the natural wear and tear of a property and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim
23
Jul 2020
What Are The Different Types Of Accountants?
‘Accountant’ is a term that gets thrown around in the business world all the time. And if you have involvement in business, you are probably aware that most businesses will need to use one at some point. However, you are not alone if you are unsure about the difference between the many types of financial wizards we call accountants, visit apmaccountants.ie and you’ll find the right one for your needs.
23
Jul 2020
What Are The Different Types Of Accountants?
‘Accountant’ is a term that gets thrown around in the business world all the time. And if you have involvement in business, you are probably aware that most businesses will need to use one at some point. However, you are not alone if you are unsure about the difference between the many types of financial wizards we call accountants, visit apmaccountants.ie and you’ll find the right one for your needs.
23
Aug 2019
Records management for small business
As a business owner, you’re required by the Australian Taxation Office (ATO) to keep records for a minimum of five years, in plain English, and in a way the ATO can access if they need it. A simple advice from a small business consulting services group is that you should find out what records you should keep, and evaluate how well your business is keeping records by using the ATO’s record keeping evaluation
23
Aug 2019
Records management for small business
As a business owner, you’re required by the Australian Taxation Office (ATO) to keep records for a minimum of five years, in plain English, and in a way the ATO can access if they need it. A simple advice from a small business consulting services group is that you should find out what records you should keep, and evaluate how well your business is keeping records by using the ATO’s record keeping evaluation
16
Aug 2019
Checklist: bookkeeping services
Less time doing bookkeeping means more time running your business! When do you need a bookkeeper? These are some of the signs you should look for when deciding to hire a bookkeeper: Doing the books is taking you away from working on your business. The business transactions have substantially increased since you first started. You’re not sure that records are being kept correctly. Your tax and/or other compliance is getting
16
Aug 2019
Checklist: bookkeeping services
Less time doing bookkeeping means more time running your business! When do you need a bookkeeper? These are some of the signs you should look for when deciding to hire a bookkeeper: Doing the books is taking you away from working on your business. The business transactions have substantially increased since you first started. You’re not sure that records are being kept correctly. Your tax and/or other compliance is getting
13
Feb 2019
Fuel tax credit rates have increased
Fuel tax credit rates change regularly. They are indexed twice a year (in February and August), in line with the consumer price index (CPI). Rates may also change in July for fuel used in a heavy vehicle for travelling on public roads. This is due to changes to the road user charge, which is reviewed annually. In July, rates also change due to an annual increase in excise duty rates
13
Feb 2019
Fuel tax credit rates have increased
Fuel tax credit rates change regularly. They are indexed twice a year (in February and August), in line with the consumer price index (CPI). Rates may also change in July for fuel used in a heavy vehicle for travelling on public roads. This is due to changes to the road user charge, which is reviewed annually. In July, rates also change due to an annual increase in excise duty rates
08
Jun 2018
Are you getting the most out of Xero?
Great online accounting software is one of the most important tools for businesses today, so it’s important to a take a moment to check if you are getting the most out of your subscription.