Have your say on the review of Effective Life of Assets
In the latest round of reviews for the Effective Life of Assets, the Australian Taxation Office (ATO) is examining the equipment used in several industries to determine how long these items can be depreciated. Paul Mazoletti, National Director, Commercial Tax division said “the proposed changes could see the life of some items reduced or extended, with possible new items added or others deleted from the list. Consequently, it’s imperative property investors and business operators have a current inventory list and know the effective life of their assets to maximise depreciation.”
Industries impacted by the review include childcare services, aircraft manufacturing and repairs, general practice medical services, funeral, crematorium and cemetery services, supermarkets and grocery stores. Industry members are invited to have their say to the proposed changes. See the full list of items under review. Continue reading
Napier & Blakeley are working remotely in the new usual and a lot of our people have been doing this for a long time because of the nature of our work.
We have known and worked with a lot of you for a long time and we understand that, at the moment, not everyone is able to work, or do deals or just do things normally for a variety of reasons, including running your businesses here from outside Australia. Continue reading →