Small businesses can deduct the full cost of eligible assets costing less than $20 000from 1 st July 2023 to 30 th June 2024.– Small businesses are those with...
To be eligible to claim a deduction for working from home: -You must be working from home i.e. fulfilling your employment duties not merely checking emails or taking calls;...
Should my business be based on accrual or cash basis? The difference between cash and accrual basis comes down to timing. Cash Basis: You record transactions when you make...