Want to maximise your tax refund?
July 2024 - All year long, we give the ATO money. Now it’s our chance to get some back. So how do you get as much back as possible? (Without getting yourself into strife.) First up, if you have an existing Depreciation Schedule, is it up to date? Lots of us need to spend money …
You’re running out of time to pay for a new Depreciation Schedule and claim our fee.
June 2024 It’s that time of year when everything and everyone is a bit frenetic. Usually because many of us leave things till the last minute. We’ve been doing Depreciation Schedules for over 20 years, so we know what these last days of June are like. Do you need a Depreciation Schedule for a recently …
Can you outsmart the ATO?
June 2024 Lots of people think they can. They call us all the time with depreciation related ideas that range from just wishful thinking to bonkers. On May 23, Depreciator celebrated 22 years in business, and over that time we’ve heard them all. Is it worth trying to be too clever? Is it worth that …
According to the ATO, what ‘mistake’ do 9 out of 10 property investors make?
May 2024 Inflating repair claims and incorrectly claiming work as repairs when it should be depreciated is the ‘mistake’ that 9 out of 10 property investors apparently make. That’s according to a press release by the ATO last week, you can read more about this here. Using the word ‘mistake’ might be a tad generous. … Continue reading "According to the ATO, what ‘mistake’ do 9 out of 10 property investors make?"
Are you planning to pay less tax this year?
April 2024 It takes planning to reduce your tax, and June 30 is only 10 weeks away. Yep. There is no point calling your accountant in the last week of June and asking for ideas. And you don’t want to be sitting in front of them in July and having them sigh and shake their … Continue reading “Are you planning to pay less tax this year?”
Why are more investors looking at commercial property?
March 2024 It’s a trend we have noticed for a while now - we have been doing Depreciation Schedules on commercial and residential properties for over 20 years, so we pick up on trends. Lots of investors start out with residential property and move into commercial. It’s almost like a residential property is investing with … Continue reading "Why are more investors looking at commercial property?"
Is your Depreciation Schedule ready for tax season?
February 2024 ‘Hang on a minute’, you say. ‘I’ve already got my Depreciation Schedule?’ Yep, but Depreciation Schedules are not fixed in stone - at least ours aren’t. We update them all the time and don’t charge to do so. If you change your property, there is a good chance you’ll need to change your … Continue reading "Is your Depreciation Schedule ready for tax season?"
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?”
