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PhilipOcchiuto's avatar
PhilipOcchiuto
Contributing Partner
10 months ago

Capital Works Deduction

In MYOB Practice Online Tax, there is no worksheet for the capital works deduction.   As a result, I assume I need to use the Assets area to reflect the capital works expenditure.   I have tried ...
online tax
Earl_HD's avatar
Earl_HD
MYOB Moderator
10 months ago

Hi PhilipOcchiuto,

Really appreciate you bringing this up. In cases like this, the best approach is to consult with an accountant to ensure you're handling everything correctly and in line. An accountant can provide tailored advice for your specific circumstances. Hopefully, other users will share their own tips or experiences that could help you manage this for now.

Regards,
Earl

  • PhilipOcchiuto's avatar
    PhilipOcchiuto
    Contributing Partner
    10 months ago

    Hi Earl

     

    I am an accountant in public practice. I wasn't looking for tax advice.

     

     I was looking for advice on how to use MYOB's online Assets and online tax software to work out the capital works deduction correctly.

     

    Hopefully you can assist.

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