NEWS

Tax Planning

Tax Planning: Investment Property Depreciation

The end of the 2016/17 financial year is almost here, so now's the time to look at Investment Property Depreciation to minimise your tax. Just like you claim wear and tear on a car purchased for income producing purposes, you can also claim the depreciation of your investment property against your taxable income. If you own a rental property and haven’t already done so, arrange for the preparation of a Quantity Surveyors Report to allow you to claim the maximum amount of depreciation and building write-off deductions on your rental property. Contact us TODAY before the June 30 deadline for assistance…
Martin Co
June 15, 2017
Taxation

A simple way to keep track of small business expenses

All business want to make sure that they claim every possible deduction that they can. But costs must be substantiated to be deducted your assessable income. Substantiation requires you to keep records, and to have access to receipts and tax invoices so you can prove your claim for deductions against your assessable income. It’s a hassle to have to record all the little costs you incur on a day-to-day basis as you go about earning your income. Indeed, things can become really silly if the time taken to record small expenses exceeds the tax benefit of doing so. There is…
Martin Co
May 25, 2017
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