Depreciation
EEA Advisory articles tagged Depreciation.
Cents Per Kilometre vs Logbook for Car Deductions in 2026
For the 2025–26 income year, Australians can choose between two methods to claim car deductions on their 2026 tax return. The cents per kilometre method uses a fixed rate of 88 cents for each work-related kilometre with a 5000 kilometre cap, while the logbook method lets you claim a percentage of actual running costs without any kilometre limit. This guide explains both methods in detail, outlining the record keeping requirements and ATO rules. Decide which approach best suits your needs and potentially boost your refund.
Instant asset write-off in 2026: eligibility thresholds, traps and end-of-financial-year timing
Australian small business owners have a golden opportunity with an elevated asset write off before 30 June 2026. Eligible businesses can claim an immediate deduction for qualifying depreciating assets costing up to $20,000, which improves cash flow and reduces taxable income. This guide explains the rules in plain language and provides practical timing tips that help you avoid common pitfalls. It is essential reading for those wishing to maximise tax benefits before the threshold falls.
Tax Deductions for Property Investors with Lesser-Known Tips
Introduction: Every savvy property investor understands the importance of deductions to optimize returns. While the regular culprits like mortgage interest and property taxes often take the spotlight, a treasure trove of lesser-known deductions await those willing to dig deeper. Let’s embark on this expedition to uncover some hidden gems in the world of property tax
Schedule an appointment with an industry-specific expert
Simplifying finance for businesses, we handle the complexities. With EEA Advisory, you focus on your passion and we take care of your financial journey.
