What depreciation questions are clients asking us this tax season?
Tax season is when we get asked lots of questions. Sometimes it’s clients who don’t use an accountant. Sometimes it’s accountants who are unsure of something. We’re always happy to answer questions – even if it means us doing a bit of research. That’s why so many clients and accountants use Depreciator. Perhaps you have … Continue reading “What depreciation questions are clients asking us this tax season?”
Made changes to your rental property?
If you have made changes to your rental property, you might need to change your Depreciation Schedule. And if you are late lodging your 2022 tax return, you’ll need to do that quickly. All you need to do is email enquiries@depreciator.com.au and let us know, what you added, when you added it, and how much …
Did you know you can vary the amount of tax you pay during the year?
Things aren’t easy right now for investors, or anybody for that matter. But there are some things you can do. First up is a PAYG Withholding Variation where you pay less tax during the year – more about that below. Another thing is to make sure you’re getting as much depreciation as possible and making … Continue reading “Did you know you can vary the amount of tax you pay during the year?”
Want to cheer up your accountant?
Be ready for your appointment with these handy tips, including making sure your Tax Depreciation Schedule is up to date. An organised client means a happy accountant. And a speedier tax return. And even better, a faster tax refund. So how organised are you? Here are some tips on getting organised this tax season. Did …
Pay for your Depreciation Schedule before June 30
It’s a bit over one week until the end of the financial year. You’re running out of time if you need a new Depreciation Schedule for a recently purchased property. You can order online right now and even get a discount. Remember, the important thing is to pay for that new Depreciation Schedule before June … Continue reading “Pay for your Depreciation Schedule before June 30”
What you need to do before June 30
Now is the time to purchase Depreciable assets Now is the time to add things to your property because you can claim them quickly. Assets under $300 are claimed immediately. Assets valued between $300 and $1,000 can go into the Low Value Pool – 18.75% depreciation in the first part year, even if that year …
Understanding Rental Income Fluctuations
This article was provided by Simon Harris – Managing Director of National Buyers Agency, Providence Property Group For decades now, owning investment properties has been considered by most Australians as an outstanding means of building wealth and long-term security. And for good reason. Property markets in Australia have enjoyed moderate (and in some cases, dramatic) …
Changes To Our Schedules
The last time we made a change to our Depreciation Schedules it was in response to the changes introduced in the 2017 Housing Tax Integrity Bill. This time we’ve acted on feedback from the accountants who use our schedules. We believe this change will save accountants time and make our Depreciation Schedules a little easier …
Strata Title Investment Property
This article was provided by Simon Harris – Managing Director of National Buyers Agency, Providence Property Group When buying property, the title is the place to look for the essential details pertaining to what you are actually going to own if you make the purchase and any conditions you need to be aware of. If …
Your must have 2020 update from the ATO for Property Investors
It’s been a year of confusion and disruption for property investors. We had the bushfires, and then that virus. We found a great summary from the ATO that has some great tips. Did you know that if you have deferred your loan payments, you can still claim the interest as a deduction this year? You … Continue reading “Your must have 2020 update from the ATO for Property Investors”
