Payroll – What You Wish You’d Known

Dianne KennedyAccounting, Blog

Let’s face it – sometimes you just don’t know what you don’t know. You would think that employing staff would be a simple thing, but often times no. In my work as an accountant who also does bookkeeping and payroll for my full-service clients, I often find that my new clients are not paying their staff correctly. This is generally … Read More

Simplified depreciation and the small business pool

Dianne KennedyAccounting, Accounting and Tax, Blog, Expenses and Claims, Tax

The simplified depreciation rules are attractive for small businesses as they allow an immediate write-off for assets costing less than $20,000. In contrast, tax paying entities that do not qualify as a small business must use the general depreciation rules (also known as the uniform capital allowance rules), where assets costing more than $100 need to be depreciated over their … Read More