Infobase

Check here regularly for the latest accounting & tax info, news and business advice.

What is depreciation

What is Depreciation & How Does it Work?

As a business owner or property investor you’re entitled to make a tax claim for depreciation – but what exactly is depreciation? It’s best described as the devaluation of your assets over a number of years and different assets have different life spans so that’s why the depreciation rates differ.

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Brightline Tax Update

Updates to the brightline tax rules come into effect from 1 July 2024 Prior to the holidays, there was an announcement by the new government

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Claiming Vehicle Expenses

If you would like to claim vehicle expenses for your business and/or rental property you’re usually required to log vehicle use to justify this claim. Higher

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