At Ample Finance, we are committed to empowering Australian businesses with the knowledge they need to navigate the complexities of tax legislation. One key area that often requires clarification is Section 40-880 of the Income Tax Assessment Act 1997, which pertains to deductions related to certain depreciating assets and capital expenditure. This [...]
Welcome to Ample Finance’s comprehensive guide to understanding depreciation, a key concept that impacts financial reporting, taxation, and asset management for Australian businesses. Whether you’re a small business owner or part of a corporate finance team, grasping how depreciation works can help you make informed decisions about managing your business assets effectively. What [...]
As a landlord in Australia, owning rental property not only offers a potential income stream but also comes with a range of tax obligations and opportunities to maximize your deductions. Understanding what you can claim in your tax return is crucial for optimizing your financial situation. Here at Ample Finance, we want to [...]