COVID-19: Tough times! All of our services are fully operational, however contact is via phone or email. We realise you need support now more than ever. We are here to help keep you up-to-date with the Government Stimulus Packages available and to help with your tax and accounting needs. Download COVID-19 Stimulus Information

Monthly Archives: March 2021

Depreciation Questions

Written on March 24, 2021 at 7:56 pm, by

The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, here are some of the most common questions on this area of taxation. 1. What is depreciation and how does it work? It’s the natural wear and tear of a property and assets over time. While all […]

What is common property depreciation?

Written on March 24, 2021 at 7:51 pm, by

Property rental rates and values can change, and this is particularly evident for units and other types of strata complexes. One thing that remains constant is the tax deductions rental properties provide to their investor owners. An added benefit is the lucrative common property depreciation deductions strata investors can claim. What is common property? When […]

Top 10 must-know depreciation terms for residential investors

Written on March 24, 2021 at 7:49 pm, by

You don’t need to be a depreciation expert but understanding some of the key concepts surrounding this complex area of taxation can help your ongoing investment strategy. Capital works deduction This is the depreciation deduction you can claim on the structural component of the building and any fixed assets. Some common examples include walls, doors, […]

This renovation tip can save you thousands

Written on March 24, 2021 at 7:45 pm, by

Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment. Claiming depreciation deductions on the assets installed during a renovation usually isn’t front of mind. However, choosing […]