Newcastle Accountants | Maitland Accountants | Bottrell Offices located in Newcastle, Maitland. Your local Accountants, Tax Agents & Advisors in Newcastle & Maitland.

East Maitland Accountants & Financial Advisors, Newcastle Accountants & Financial Advisors

Purchasing a Business in Newcastle

  When purchasing a business in Newcastle, Australia, it is vital to gather all relevant information from the vendor to make an informed decision.   Information Required from the Vendor (Seller) Here is a list of information you should request from the vendor: Latest 3 Years Financial Statements: These should include the profit and loss […]

Claiming Website Costs

Claiming Website Costs Editor: The ATO is currently developing a public ruling on the deductibility of website development costs. In the meantime, it has provided the following guidance on its website. If a taxpayer incurs expenses creating or maintaining a website for their business, they may be able to claim the costs as a deduction. […]

Capital allowances

Capital allowances Capital allowances: effective life review for certain determinations in Table A of Taxation Ruling TR 2015/2 – review to begin We are reviewing certain determinations in Table A of Taxation Ruling TR 2015/2 – ‘the schedule’ to make new effective life determinations. You use effective lives to work out how much you can claim […]

Depreciation for farmers brought forward

Depreciation for farmers brought forward The May Budget provided that from 1 July 2016, Australian farmers would be able to claim a tax deduction on capital expenditure incurred on: water facilities;  fodder storage assets; and fencing. Farmers would be able to fully deduct the cost of water facilities and fencing in the year they were […]

Income tax concessions

There are four income tax concessions. Simplified depreciation rules In the 2015 Budget, the Government announced its intention to allow small businesses with an aggregate turnover of less than $2 million to immediately deduct assets they start to use or install ready for use, provided the asset costs less than $20,000. The small business simplified depreciation [...]

What are the benefits of negative gearing?

What are the benefits of negative gearing? Positive gearing occurs when you receive more in rent from your tenants than what you pay on the likes of loan repayments, interest, property maintenance and rates. This tends to happen at times when rents are high due to strong demand and interest rates are low A negatively […]

LinkedIn page for Bottrell Business Consultants

LinkedIn page for Bottrell Business Consultants To look at our LinkedIn page for Bottrell Business Consultants please pop over to and keep up to date with our team or to keep up with Gavin and his weekly industry updates. LinkedIn is a business-oriented social networking service. It was founded in December 2002 and launched […]

Small Business Depreciation

source:- Small Business Depreciation Small businesses can use the simplified depreciation rules as an alternative to the uniform capital allowances rules to work out deductions for most depreciating assets.  Business means the individual, partnership, company or trust that carries on the business activity. Small business means a ‘small business entity’, which is an individual, partnership, [...]