COA: Computer parts?

[TehCamel]

where to put computer parts ?
I've bought several parts from an online vendor, that will be going together to make one server. Total value is under $1,000

Is it CapEx with GST, or just Expense with GST?

[ray_223]

Originally Posted by TehCamel

where to put computer parts ?
I've bought several parts from an online vendor, that will be going together to make one server. Total value is under $1,000

Is it CapEx with GST, or just Expense with GST?

Hi,

I'm not sure of the exact terminology - but small businesses can use the "simplied tax system" and claim all expenses under $1,000 as a normal expense - that can be 100% claimed in the year of expenditure.
Best to check with your accountant though.