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News relating to tax

Budget 2015 – what’s in it for my small business?

This year’s federal Budget contained great news for small business.
The $5.5 billion small business package includes:

a 1.5 % corporate tax cut (from 30% to 28.5%)
new accelerated depreciation rules, which allows an immediate tax deduction for any individual assets purchased less than $20,000. This $20,000 limit applies to each individual item, […]

By |14 May, 2015|Tax|Comments Off on Budget 2015 – what’s in it for my small business?

5 steps to a tax-free Christmas

Tax is not the most exciting thing to think about in the lead up to Christmas, that we know. But these are the questions we get asked all the time, and if you are familiar with all the tricks and traps, you can save yourself and your business hundreds if […]

By |2 December, 2014|Tax|0 Comments

How to plan for the 2% debt tax

The introduction of the debt tax, or the Temporary Budget Repair Levy as it is formally known, may be the only certainty in the Government’s first Federal Budget delivered on 13 May.

The rest – co-payments for doctor’s visits, deregulated university fees, cuts to family benefits, tightening of access to disability […]

By |10 June, 2014|Tax|0 Comments

Top 5 simple tax saving strategies

Here they are folks, the top 5 simple tax saving strategies that you can implement quickly and easily.

Planning on giving to charity?  Make a donation now and claim the deduction this year. If you donate monthly to charities, think about paying the full year’s worth of donations upfront and take […]

By |1 June, 2014|Tax|0 Comments
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