What Is Cash Basis?

Today I want to talk to you about cash basis. As part of my How to Do Your Own Tax Return course, I have a Q&A every month. Most months this is a question that comes up, so I thought it was about time that I actually did a video about it, so here we […]

Are Bank Charges For Currency Conversion Tax-Deductible?

We are receiving payments in different currencies because it’s an international world now. More and more of us are even trading in a different currency to our own. Are those bank charges for currency conversions tax deductible? I’ll be sharing with you: What are bank charges for currency conversion? What do they include? Are they tax-deductible?   […]

Are Parts For A Gifted Laptop Tax-Deductible?

Today I want to talk to you about whether parts for a gifted laptop (when you didn’t buy it) (or other capital item) are tax-deductible. I’ll be sharing with you:  What is a repair? When is a repair is an upgrade? What is tax-deductible (and what isn’t, and whether it’s worth it anyway if it […]

How To Bring Capital Items Into Your New Business

Today I want to talk to you about how to bring capital items into your new business. I’ll be sharing with you:  What are capital items? How you can bring them into your new business What to do if you use a capital item for business and personal use How To Bring Capital Items Into […]

How Long Do You Need To Keep Your Records?

Today I want to talk to you about how long you need to keep your records.  You need to keep records for your business and today I’m sharing how long you need to keep them for (before you can go declutter happy 🙂 ) How Long Do I Need To Keep My Records? What challenges […]