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Depreciation

Jul 12, 2020

I appreciate you… and I depreciate your assets.

What is Depreciation?

Depreciation is how we account for an assets value becoming reduced through time and use. It is the measure of decline in value of an asset used by a business to generate income. Assets depreciate at different rates and...

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Write it off...

Jun 23, 2020

Them: Just buy a car before the end of financial year, you can write it off for business!
You: Hmm, that seems too good to be true. What about depreciation?
Them: Nah, use the ‘small business write off’ thing.
You: I’m going to ask my accountant.
Me (your accountant): YAY!! A+ to...

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Car Expenses

Jun 23, 2020

VROOM VROOM TOOT TOOT

The Vengabus is coming and I hope they’ve done their log book!

Our friends at the ATO appreciate that sometimes we have to use our cars for work so they allow us to make a deduction for that, but there are some really specific rules on who can deduct, for which...

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Professional Development & Self Education Expenses

Jun 23, 2020

You guessed it - I was the kid at the front of the class with her hand in the air, way too keen to answer the teacher’s questions. I would draft essays in advance. I loved homework. Obviously this isn’t everyone’s experience of school, but one thing I hope you’ve learned...

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Home Office Expenses

Jun 22, 2020

Working from home definitely has its perks - most offices don’t let you wear your tracksuit to work and rock big fluffy uggs either!

Whether you are an employee who works from home, or you run your business from the comfort of your own home, the ATO allows you to claim a deduction for...

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Top 5 tips that a lawyer wishes clients knew (wills & estates 3/3)

Jun 17, 2020

This is the last of three articles we've had the amazing Brooke Reardon help us with. Check out the first and second here.

Brooke is the founder of the law firm Wills & Estates, a national firm serving Australian adults in Wills & Estates. She's a total legend and she has been a huge help...

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Where there’s a will… wait, how do I get a Will? (wills & estates 2/3)

Jun 17, 2020

Honesty time - I am getting a Will only now. This is not the kind of blog I can write alone, but the information is super important for many of the creatives and small business owners in my community. So, I have called in my big gun, Brooke Reardon, and asked her some questions.

Brooke is the...

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My plan for life after death (wills & estates 1/3)

Jun 17, 2020

Have you ever thought about what happens when you die?

No, I don’t mean whether there’s life after death and if there is, where you might be going… I mean, what happens to everything you leave behind? 

  • Who is in charge of things?
  • How do they know what...
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Creative Clients - Common Deductions

Jun 11, 2020

You're special. I know it.

So many clients come to us feeling like their old accountants just don't understand them, their industry and the common expenses they incur as part of running their business. 

We get it. 

This blog covers the common deductions our creative clients might be...

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Donations (good for them, good for you, good for me)

Jun 03, 2020

Growing up I was taught by my parents that even with a little, we have a lot to give. From the days of having $5 pocket money, to now, I have been putting aside something to give to others. 

Artists have shown their generosity in spades recently, whether the donation is something of value...

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