Tax Deductions for Home Based Business | Box Tips

  Рет қаралды 3,224

Davie Mach

Davie Mach

Күн бұрын

Since COVID-19 lockdowns and restrictions, lots of business owners have been running their businesses from home and will continue to do so. This means you can claim on tax deductions for your home-based business, but be careful as this means that you can be ineligible for other things.
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Davie has over 10 years experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.
Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.
He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.
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Website: boxas.com.au/
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DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.

Пікірлер: 8
@keegan8176
@keegan8176 3 жыл бұрын
Starting a small business and binging on your videos. Thank you for explaining everything in a way thats so easy to understand!
@DavieMach
@DavieMach 3 жыл бұрын
I am so happy to hear that. Good luck with the business :)
@RockyScience
@RockyScience 3 жыл бұрын
Me too!!!
@angietrueman
@angietrueman 3 жыл бұрын
Thank you, this is so useful 🙏🏼
@DavieMach
@DavieMach 3 жыл бұрын
No worries Angie, glad you found it helpful! :)
@RockyScience
@RockyScience 3 жыл бұрын
Love your videos! What if, as a home owner and small business owner, the business was run out of of the mortgaged property bought in 2018 for a couple of years (say 2021-2023) and then move onto a commercial lease. When the house is sold in 2030, will 100% CGT apply ie concession 0 under the current tax rule please?
@DavieMach
@DavieMach 2 жыл бұрын
Hi, it’s best to seek professional advice for this as it appears to be highly specific and a range of variables can affect the result.
@TheLiberteStrategy
@TheLiberteStrategy Жыл бұрын
What if you don’t have a mortgage, how do you work out the cost?
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