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.

On this episode of Under the Hood, Cameron Anderson, general manager of XBert, jumps on to share his journey about being a chartered accountant in tech and the opportunities and benefits it has given him.

Tune in to hear more about:

• Cam’s career journey in the accounting profession and how that led him to the world of tech.
• The biggest mindset and skill shifts he made when transitioning from traditional accounting to a tech-oriented role.
• The core accounting skills most transferable to the tech industry.
• Common misconceptions about accountants in the tech industry.
• Where Cam sees the future of accounting heading with the rise of tech.

You can contact the Accountants Daily team and podcast host Imogen at imogen.wilson@momentummedia.com.au.

Hank de Jonge, executive director of de Jonge Read, joins AD Insider to bring a rare combination of technical expertise and personal experience. After losing his own business more than 20 years ago, Hank spent the last two decades helping business owners across Australia avoid the same fate. In this episode, he shares what business owners and their advisers need to know when it comes to dealing with ATO debt, and why locking into a payment plan isn’t always the best move.

Tune in to hear more about:

• How Hank’s personal experience has shaped the work he does at de Jonge Read.
• Why ATO payment plans aren’t always the best long-term solution.
• The role accountants play in de Jonge Read’s process.
• Why small business restructuring is so popular.
• Advice for accountants and advisers with clients heading down the insolvency route.

You can contact Hank and his team at de Jonge Read at their website.