$20,000 IMMEDIATE TAX DEDUCTION FOR SMALL BUSINESS ASSETS
Is Cash Flow a concern in your Business? One consideration is the instant tax deduction for assets costing less than $20,000 (i.e. up to $19,999 excluding GST), which allows Small Businesses to bring forward tax deductions that would otherwise be deductible over a number of years. Example: Ben runs a painting business with an aggregate […]
Are you a high-income earner wondering how to manage the debt levy this financial year?
Jaynesh Gounder, Director The Abbott Government’s Temporary Budget Repair Levy on high-income earners may have been given the green light, but there are ways to plan around it. This debt levy will be introduced from July 1 to slug a 2 per cent tax on those of you in the top-income tax bracket earning over […]
Does MyTax apply to your tax?
Bert Girle, Director Have you heard of The Government’s roll out of the new MyTax system? Users all over Australia will be receiving text messages to inform them over the coming weeks. So what does this mean for you? Let me tell you. What is MyTax? MyTax will enable tax returns to be submitted via […]
