tax and reports on capital expenses

[Frank H. Ellenberger]

Hi Shane,

because it is hard to understand - every country seems to have some very 
special tax rules - just a few ideas:

1. Can you file a link to the tax form?
2. Does a cash flow report of your A/P give you some useful information?

Am Freitag, 26. August 2011 um 04:58:07 schrieb Shane Litherland:
> In a basic scenario with split txns e.g.
>
> >From accounts payable   $430 (total bill)
>
> to expense:office        $200 (taxable items)
> to expense:office        $100 (non-taxable items)
> to GST account            $20 (tax)
> to private expense       $110 (non-business amount*)
>
> (*private includes a tax amount that is not part of business accounting;
> which makes these items different in character from business items that
> are tax-free.)
> (Similar situations arise if the above figures had separate GST splits
> i.e.
> to GST:capital $10
> to GST:non-cap $10)

3. Does it help to clone the structure of the GST tree in the expense tree, 
like:
expense:business:taxable:capital
e:b:t:non-cap
e:b:non-taxable
e:private
and move your current accounts in this tree

just my 2¢
Frank