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Popular Articles
- Assessing the effective life of depreciating assets – Part 2
- Assessing the effective life of depreciating assets – Part 1
- Staying ahead of the ATO crackdown on online sales and services
- Fixing errors in your Business Activity Statement just got easier
- Having trouble paying your tax debt? All is not lost!
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Assessing the effective life of depreciating assets – Part 2
May 2013
On Wednesday, I summarised the different methods you can use to work out the effective life of your depreciating assets. Today, I’ll outline what you need to take into account when calculating the effective life of your assets if don’t want to use the ATO’s effective life.
Assessing the effective life of depreciating assets – Part 1
May 2013
Most small business owners need to keep a fixed asset register for depreciating assets that they use in their business. A depreciating asset is an asset that:
- has a limited useful life; and
- will decline in value over time.
Staying ahead of the ATO crackdown on online sales and services
May 2013
The ATO has just started another project – targeting businesses and individuals that sell goods or services online. It has asked online sales sites for details of people or businesses that sold goods or services over the value of $20,000 in the 2011 financial year. The ATO is now matching this data with the tax returns of these individuals and businesses to find out whether or not they have told the ATO about their online selling.
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