Common Questions

Another question from the common questions file. Our short answer is: Repairs and Maintenance are generally defined as a cost that repairs or replaces an existing item. That means if you replace an appliance with another comparable appliance then it will generally be Repairs & Maintenance, even...

While trips between home and work are generally considered private travel, you can claim deductions in some circumstances, as well as for some travel between two workplaces. Here is an actual case study provided by the ATO showing the approach they will take if your...

Why Register Your Business Name? This is a question that regularly causes confusion so I will try and simplify the answer below. The Purpose of a Registered Business Name "Registering your business name simply means nobody else can trade with that business name – It does not give you any...

This will quite possibly be the shortest post I have ever written. That is because the general answer to the question is a simple one. YES Why is a Corporate Trustee a “No Brainer” Decision? The ATO have provided a useful video which is worth watching. https://youtu.be/YzY8kifTeG4 The key benefits...

This often asked question is enough to make the most mild-mannered accountant throw their calculator to the ground in a hissy-fit. So let's see if I can't explain at least a little about how/why we charge what we do at Grow Accounting and maybe also help...