Experts Accounting Tips

 Hi there, I have been worried about the tax season every year ever since I became an entrepreneur. It is so much hassle to keep track of the purchase of every business asset and calculate the tax incurred on each item and then claiming deductions for them. I can never do it on my own and have to rely on my bookkeeper for it. He keeps me updated about the latest changes and he recently told me that the temporary full expensing will be extended until June 2023. Now, I need to decide whether I should depreciate or expense assets. If you need an answer to this, look at the article shared below.  https://www.agibookkeeping.com.au/depreciate-or-expense-assets-bookkeeping-basics/

 US-based investment management company Blackstone has launched its third attempt to take over gambling and hotels giant Crown Resorts (ASX: CWN) today, valuing the target at $8.5 billion. At $12.50 per share, the offer is slightly higher than previous bids made by Blackstone of $12.35 per share on 10 May 2021 and $11.85 per share on 22 March. Both of those offers were rejected on the basis they undervalued the embattled company, which recently had a Victorian Royal Commission determine it engaged in “illegal, dishonest, unethical and exploitative” conduct at its Melbourne casino and hotel. Read More: https://www.businessnewsaustralia.com/articles/crown-resorts-receives-third-takeover-offer-from-blackstone.html

 Fully vaccinated students, skilled workers, working holiday makers, overseas family members and refugees will be allowed to enter Australia without needing to receive a travel exemption from 1 December as part of the Federal Government’s reopening plan, provided they have the appropriate visas. In addition, fully vaccinated citizens from Japan and South Korea will be permitted to travel from their home country quarantine-free to some states and territories without needing to seek a travel exemption from the beginning of December too. Read More: https://www.businessnewsaustralia.com/articles/australia-to-welcome-international-vaccinated-students-and-skilled-workers-from-1-december.html

 Shares in footwear retail giant Accent Group (ASX: AX1) fell by more than 6 per cent this morning after CEO Daniel Agostinelli revealed the expected impacts of recent lockdowns on the bottom line, putting a downer on yesterday's announcement of a new exclusive distribution deal in Australia and New Zealand for Reebok. The Reebok deal is for an initial 10-year period, adding to a portfolio of brands that also includes Hype DC, Stylerunner, Vans, Athlete's Foot, Dr Martens, Platypus and more. Interlaced with the company's digital strategy with online sales now representing more than a fifth of sales, Accent's stable of brands have served it well since the pandemic began and it was one of the early movers on the ASX to voluntarily close its network of some 470 stores in March last year. Read More:  https://www.businessnewsaustralia.com/articles/footwear-retailer-accent-group-shares-wear-down-as-lockdowns-cut--40m-from-earnings.html             ...