What about assets and keeping track of those?

One of the reasons many personal tax payers don’t get the most tax back is because they rarely claim assets and the related depreciation in their tax return. Unlike a business that typically has an accountant, bookkeeper and comprehensive accounting software that takes care of this (at a cost!), income tax payers either don’t know what’s possible or don’t have the means to track or calculate the various items depreciation rates, “useful life” values or other related items.

Well guess what? Xpnsit does all of the above in the one simple package. You can have a look at an example of the supporting Xpnsit asset table and useful life values we use here.

For example, if a person needs a large screen monitor because they work at home and they use the monitor purely for work, using Xpnsit they can easily claim the depreciation as a deduction as Xpsnit will work out the detail for them. Or if a specific device is required for a person’s work or even personal related study, they need only input the percentage of use that is work related and Xpnsit will work that out too. With Xpnsit, there are no more excuses for not getting the most from one’s return.