A Sydney office fit-out is a fantastic asset for any business.
However, it can be a very expensive and stressful undertaking. Therefore, it’s important that you do everything possible to lessen the financial impact on your business.
One of the best ways to do this is to claim depreciation on your Sydney office fit-out, each financial year.
A key component of claiming this depreciation is a depreciation schedule. We’ll discuss this a little more below.
How can you claim depreciation on your fit-out?
You can claim depreciation on your Sydney office fit-out at the end of each financial year.
The best way to ensure you are claiming properly is to hire Niche Advisory. We’ll be able to give you the best advice, as well as help put together a depreciation schedule for you.
We’ll ensure you maximise your claims and get the best result possible.
What is included in a depreciation schedule?
A depreciation schedule will involve a detailed inspection of your office fit-out, much like an office condition report.
From there, we’ll take measurements and detailed records of the components of your fit-out. This involves photographic evidence.
We can also forecast depreciation into the future and show you exactly what you’ll be able to claim on depreciation over the years.
Our schedule will also include all of your original costs alongside the forecasted depreciation, for all manner of items.
This means we can help you claim as much as possible for wear and tear.
Why do you need a depreciation schedule?
Having a depreciation schedule handy will make it much easier to lodge your claim each year. It also gives you a highly detailed record of materials to keep an eye on.
Therefore, a depreciation schedule will ensure you’re able to claim as much as possible at the end of the financial year.
Hire the Professionals
A professional tenant advisory will give you the best advice when putting together a schedule and claiming depreciation at the end of the financial year.
At Niche Advisory, our experience and industry knowledge means we’re perfectly placed to help you.
We’ll be able to assess your office fit-out and tell you exactly what you can claim depreciation on, and how to do it.
To discuss claiming depreciation on your Sydney office fit-out, get in touch with Niche Advisory here.
