Richwood AccountantsMay 133 minDepreciation for Commercial Investment PropertiesHere at Richwood we work closely with BMT Tax Depreciation to ensure that every deduction is maximised. Following is an article written...
Richwood AccountantsApr 13 min2022 Federal Budget HighlightsIndividuals Increase to LMITO It’s been an expensive year as the cost of living has skyrocketed, with rent prices rising, the cost of...
Richwood AccountantsMar 185 minIntroduction to Depreciation for Investment PropertiesHere at Richwood we work closely with BMT Tax Depreciation to ensure that every deduction is maximised. Following is an article written...
Richwood AccountantsJan 284 minCan I claim work from home expenses?Working from home has become a reality for a lot of people, especially with the current Covid-19 pandemic. When it comes to preparing...
Richwood AccountantsOct 28, 20212 minWhat can I claim without receipts?Let’s be real about things, we all forget to hold on to our receipts. So, is there anything we can claim without receipts? Thankfully,...
Richwood AccountantsAug 27, 20215 minCan I claim self-education expenses?Before you look at what self-education expenses include, you first need to consider if you are actually eligible to claim them....
Richwood AccountantsAug 19, 20214 minCan I claim work related clothing expenses?A Few Quick Facts: The expenses that are deductible in relation to uniforms are the cost of obtaining the uniform (either purchasing it,...
Richwood AccountantsJul 28, 20212 minCan I claim driving to work? A lot of people seem to think they can claim the kilometers they travel from home to work and home again. However, just going to work...
Richwood AccountantsJul 19, 20212 minCan I claim gym membership fees?Have your friends ever boasted that they claimed their gym membership fees on their tax return, which helped them get that amazing...
Richwood AccountantsMay 20, 20212 minOther types of software for all businessesClient Relationship Management (CRM) Check out Insightly and Exsalerate, both reviewed highly. Filing and Data Entry Hubdoc is our...
Richwood AccountantsMay 13, 20211 minManufacturing and Retail SoftwareIn manufacturing and retail, tracking raw materials to completed products, cost per item, and inventory levels are all critical aspects...
Richwood AccountantsMay 6, 20211 minConstruction & Trades SoftwareIn trades like maintenance and plumbing, scheduling software makes all the difference allowing you to respond efficiently and effectively...
Richwood AccountantsApr 29, 20211 minAutomotive Industry SoftwareFor businesses in the automotive industry, keeping all the important information about how many kms a vehicle has done, the history of...
Richwood AccountantsApr 23, 20211 minConsidering software for your businessAs a small business owner, finding the right work-life balance can be hard. There are many responsibilities to consider and work through...
Richwood AccountantsFeb 14, 20193 minSingle Touch Payroll On Tuesday morning, without much fan fare, the extension of Single Touch Payroll Reporting to include employers with 1 – 19 employees...
Richwood AccountantsNov 1, 20181 minATO Scams... Watch Out!Scammers calling, messaging or emailing claiming to be from the Australian Taxation Office are no new thing. They have been known to take...
Richwood AccountantsOct 17, 20181 minPaying Superannuation - the SBSCHThe ATO allows employers to pay super for their employees through the Small Business Super Clearing House (or #SBSCH). We have recently...
Richwood AccountantsJul 2, 20181 minHappy New Year!!The 2019 Financial Year has begun, and from all of us at Richwood Accountants we hope it is your best year yet. That also means its just...
Richwood AccountantsJun 8, 20182 minTimes are a-changin'The 2018 Federal Budget was announced a month ago today. Your guide to what the ugdet means for individuals next year and beyond. The...
Richwood AccountantsMay 9, 20181 min$20,000 Asset Write-off ExtendedIn a move that's given small business owners a breath of relief, the federal government has extended the immediate write-off for assets...