+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    Join Date
    Mar 2007
    Location
    Melbourne
    Posts
    8,376
    Thanks
    777
    Thanked
    818
    Reviews
    5
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts

    Default Tax question (business)

    I don't want to annoy my account because she is on mat leave.
    I want to know If we buy a new computer (for business) can we claim the full amount? If so how does this work if we are paying PAYG
    Thanks.

  2. #2
    Join Date
    Sep 2009
    Posts
    5,123
    Thanks
    2,310
    Thanked
    2,916
    Reviews
    6
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Yes, if it's under the asset threshold ($1000) from memory. It will mean your taxable income for the year is lower, just put it through your books as a normal purchase.

    It shouldn't change your payg for the quarter, it will just get reconciled when you do your tax.


 

Similar Threads

  1. DH on business trip
    By Mama Mirabelle in forum General Parenting Tips, Advice & Chat
    Replies: 14
    Last Post: 08-12-2014, 10:16
  2. Business name - help!
    By mummyfox92 in forum Setting up & succeeding
    Replies: 3
    Last Post: 30-08-2014, 10:23

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
SwimSeal AustralasiaSwimSeal Protective Ear Drops - Unique preventive solution against ear infections & pain caused by trapped water. ...
FORUMS - chatting now ...
Progesterone Advicepregnancy and babies through IVF
Melatonin?General Sleeping & Settling Chat
Delightful DecemberConception & Fertility General Chat
Buying Alcohol for Christmas dayGeneral Parenting Tips, Advice & Chat
TTC and IUIConception & Fertility General Chat
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›