Home Office Expenses

Home office and storage area expenses (ie where part of a residential property is used solely for business purposes) are deductible for tax purposes provided the home office and storage area is used for business purposes. Typical home office expenses include power, gas, rates, insurance and mortgage interest. Home office expenses have to be apportioned…

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Websites

The cost of creating a business website is capital expenditure and the costs should be capitalised and depreciated. The ongoing costs of maintaining or updating an existing business website are deductible when incurred. While the costs incurred in updating a business website are deductible the costs involved in upgrading a website are likely to be…

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