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Blue Sky Bookkeeping
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Carpetjockey, post: 78261 wrote:
Thanks mate, another question regarding tax, my friend has purchased the $9000 truckmount machine for the business but we havent got an abn or anything yet, does this mean that we will not be able to claim it on tax?
Cheers,
Dave

Best to clarify this with your accountant but i do believe it is possible to backdate your abn application and that there may also be certain provisions for claiming start up costs which are dated before the business actually started trading. Please don’t quote me as i am not an expert, hopefully an accountant will jump in to clarify this for you.

cheers Debbie