As part of the 2023–24 Federal Budget, the instant asset write-off has been reintroduced by the federal government. Small businesses with aggregated annual turnover of less than $10 million will be able to immediately write-off eligible assets.
29
Sep
Sep
The Government has introduced new measures and released draft legislation on some important tax issues.
25
May
May
Want to achieve the best results from your earnings as a director? Come and talk to us. We’ll review your tax situation to ensure you’re getting the maximum value from your earnings #tax #directors #pay #SmallBiz #SMB #finance #accounting
10
Sep
Sep
As the director in a limited company, dividend payments are the usual way for you to take money out of the company – and see a financial return on your investment into the company. Dividends are payments made to the company’s shareholders when the business has made a profit. What’s not re-invested into the company […]
Two things first up: (1) If you want to (or have to) work past the age of 55, you need to read this article; or (2) If you know someone else who that applies to, please forward them this article or a link to it.
23
Apr
Apr
Time is running out. If you want to take a few simple preventative measures to minimise or defer how much tax you will pay for this Financial Year, you need to do these two things.
The write-off threshold of $20,000 has been extended to 30 June 2018. If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your tax return – BUT HURRY, as this will reduce to $1,000 from 1 July 2018. You are eligible to use simplified depreciation rules […]