Do you own a business? If so, you'll want to take advantage of your tax depreciation schedule. This report can save you a lot of money on your taxes and help your business grow. This article explores everything you need to know about the tax depreciation schedule. What Is a Tax Depreciation Schedule? A tax depreciation schedule is a calculation of the value of a property's wear and tear or depreciation.
11 May 2022
Missing the Australian tax return deadline can feel calamitous. However, you should bear in mind that each financial year there are plenty of individuals who miss their tax return deadline and it is nothing unusual for the Australian Tax Office. Having said that, it is always better to try and meet the deadline set by the government and repeatedly late tax returns will cause you a lot of hassle. Each year, the end of October is the deadline set for online returns to be lodged.
29 December 2016
Adding a new baby to the family is an exciting time. It's fantastic to be able to spend some time at home recovering after the birth and adjusting to adding this new member to the family. It can also be an expensive time, but by planning ahead you can minimise the financial impact. Here are some tips to make the transition easier. Review your budget If you have a budget, this is a great time to work out exactly how much you are currently spending on discretionary items and determine how to cut back on some of these expenses.
19 December 2016
As an entrepreneur, the moment you begin operating your business, you inadvertently open your business up to an array of risks. For new businesses, having to contend with a lawsuit could potentially break your business. Therefore, it is crucial to have some forms of business insurance in place even before you hire your first employee or ship your first product. However, not many business owners know what types of business insurance they should invest in.
30 November 2016
The process of lodging tax returns is critical, so you should ensure that the pertinent tasks are performed properly. Basically, the tax return is a form that allows a taxpayer to make a statement of income and personal circumstances. The taxpayer can be any legal entity, and the tax return must be filed annually for compliance with the law. The tax returns that you will lodge will help the government to assess your liability with regard to taxation.
30 November 2015
