by Mark Kilroy | Jan 9, 2023 | Tax Depreciation
Accounting depreciation and tax depreciation are two different methods of calculating the decline in value of an asset over time. While they may seem similar, there are some key differences between the two. Accounting depreciation is the method used to allocate the...
by Mark Kilroy | Jan 9, 2023 | Commercial & Business Tax Depreciation, Tax Depreciation
With many businesses feeling the pressure of supply costs and inflationary pressures, reducing taxes can help with cash flow significantly. Here at Koste, we specialise in helping thousands ofbusinessess prepare and manage Tax Depreciations schedules. This process...
by Mark Kilroy | Jan 9, 2023 | Commercial & Business Tax Depreciation, Residential Tax Deprecation, Tax Depreciation
Negative gearing is a term that is used to describe a situation where the costs of owning an investment, such as a rental property, are greater than the income it generates. When this happens, the investor is said to be “negatively geared.” This can occur...
by May | Dec 10, 2021 | Tax Depreciation
Not choosing the right Quantity Surveyor could cost you significantly in the long run. Comparing fees alone is a big mistake, as the service provided will differ. Each Quantity Surveyor has a different set of skills, whether this is specialising in cost...
by May | Sep 15, 2021 | Tax Depreciation
Australians are now holidaying at home, and many investors are now looking at the benefits of owning a holiday home over renting on a permanent basis. But what does this mean for depreciation deductions? You first need to look at whether you will be renting the whole...
by May | Sep 1, 2021 | Tax Depreciation
What is Tax Depreciation? The structure of a building, as well as the assets contained within, deteriorates with time. Depreciation is the process of claiming a deduction for your property’s natural wear and tear. The Australian Taxation Office allows owners to...
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