Thursday, 31 December 2015

How to Prepare for Next Year's Business and Accounts Tax Filing

If you hold up to buy the capital asset till the coming year, you will need to wait for a full fiscal year before the maximum depreciation rate can be applied. Your business can just claim one-half of the yearly depreciation in the year of securing when the half-year rule applies. Because of this, you should plan your buy timings for assets. Pick to purchase the assets before the fiscal year is over to stay away from the depreciation.

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