Property Depreciation Schedules - The New reality

What Should You be Claiming on Your Rental Property?

Claiming On Your Rental Property In any rental business, the expenses don’t stop upon acquiring whatever it is that you are renting out. In car rentals for example, the owner of the car rental business continues to pay for other costs to keep the business running, such as maintenance costs, mechanical and cleaning services, and […]

Keeping Records for Tax Purposes

We all know that when it comes to maximising your tax deductions, keeping records is very important. Without them, you leave yourself exposed and vulnerable in the event of an audit by the Australian Taxation Office (ATO). The ATO relies on individuals to be responsible for assessing which items can be declared and claimed when […]