Kick-start your retail store by claiming depreciation

The costs involved in starting any new business can be quite expensive. There are expenses for stock and merchandise, insurance, staff overheads and (if you don’t own the building) funds required to cover rent. Whether you own or rent the building, there may also be costs involved in fitting out the new space to make it appropriate to open the doors for business. While it … Continue reading Kick-start your retail store by claiming depreciation

Deducing deductions

It’s a fine line between deductions and pain Without obtaining a tax depreciation schedule it can be very easy for investors to incorrectly claim deductions for their rental properties. One of the reasons depreciation is missed or claimed incorrectly is because investors don’t understand the difference between the types of deductions available. Two mistakes often made when claiming depreciation without expert advice include claiming structural … Continue reading Deducing deductions