Under the Hood: Should you opt out of small business depreciation rules?
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Under the Hood: Should you opt out of small business depreciation rules?
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Should you opt out of small business depreciation rules?
This week on UTH, host Imogen is joined by Skye Francis, founder and director of 2PR, to chat about small business depreciation rules, how they apply and common misconceptions surrounding them. Skye personally chooses to opt out of these rules for the running of her business – tune in to find out why.
Imogen and Skye also cover:
- What the small business depreciation rules are and how they apply.
- Instant asset write-off and the small business depreciation pool v. section 40.
- How Skye feels personally and professionally about the instant-asset write off.
- Common traps and misconceptions associated with the rules.
- Advice for small business owners when looking to adopt/forego the rules.
You can contact the Accountants Daily team and podcast host Imogen at imogen.wilson@momentummedia.com.au.
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