Identifying Your Property Investment Deductions Are you thinking about “after-tax income and returns” and making the depreciation and capital allowances deductions on the plant and improvements part of your considerations? Under the current Income Tax Assessment Act, both depreciation on plant (Division 40) and capital allowances deductions (Division 43) are claimable against assessable income. Plant…
QBCC’s New Guidelines For Building Services License Your license could be suspended or cancelled if you do not meet the new minimum financial guidelines and reporting requirements introduced by the Queensland Building and Construction Commission Recently the Queensland Building and Construction Commission (QBCC), formerly the Building Services Authority, (BSA) announced that; effective 1 October 2014,…
Understanding Debtor Financing Cash is the oxygen for business, but many operate on credit. So as sales increase, cash may be tied up in debtors’ books for the coming 60 to 120 days and there are still expenses that need to be paid. The lack of cash flow can have a devastating effect on your…