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  1. #1
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    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
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    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.


 

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