For years, you’ve lovingly built and curated your fixed asset depreciation spreadsheet. Complete with elegant formulas, inspired macros and beautiful formatting – it’s a wonder
AssetAccountant™ is a sophisticated depreciation engine that takes care of everything depreciation in Australia and New Zealand. Australia and the ATO have some particularly interesting
Let’s face it, reconciling fixed assets at tax time is tedious, awkward and (most of all) stressful. Let’s review the fixed asset register tax time
Various measures have been introduced by the Australian Federal Government to encourage a stronger economic recovery from the COVID-19 pandemic. The Backing Business Investment (BBI)
Are you confident your asset registers are accurate? How to avoid tax risk and compliance issues. Each year, the ATO flags areas of tax risk
How do you calculate diminishing value depreciation? How does diminishing value depreciation compare to prime cost (straight line) methods? It is important to understand how
Income Tax Assessment Act 1997 – Division 43 (Deductions for capital works) Division 43 (Div43) allows deductions for buildings and structural improvements. Owners of capital
Find out how AssetAccountant™ can save you time and improve the quality of your clients’ fixed asset registers. Slider 1 Slider 2 Slider 3 Slider
70 seconds explains AssetAccountant™ – “We’ve mastered Depreciation So You Don’t Have To”https://www.asset.accountant/wp-content/uploads/videos/explainer-video-sep20.mp4
Accounting Depreciation Vs Tax Depreciation for Assets Many accountants prefer to maintain a single fixed asset register for their clients’ businesses. And, since tax depreciation
The Example: Jacki Chiles is a sole proprietor manufacturing furniture and trading as Pendant Furniture. His annual turnover is $1.4m and he qualifies as a
Incorrect Asset valuation can distort financial results, could be prosecuted as fraud and is an ATO risk and focus area! Does your entity or entities
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