We are a not-for-profit registered charitable association. Our auditors have suggested that the cost of upgrading our website may be able to be capitalised as an intangible asset and written off over the next few years. Is that correct?
What would be the recommended depreciation rate on a straight-line basis?
I am planning to give a staff member a lump sum as a one-off commission payment at the end of this financial year. Do I have to pay workers’ compensation and superannuation on this amount?
Can you direct me to where I may find more information on the definition of “drawings”?
Is the cost to obtain a depreciation report from a quantity surveyor fully deductible? How would it be reported?