News relating to tax
Top small business $20k deduction Q&As
In a recent speech, Small Business Minister Bruce Bilson stated that a lot of his time talking about the $20,000 immediate deduction for small business was convincing people it was not a hand out.
“I have spent a lot of my time explaining that asset write-off mechanisms aren’t grants, they are […]
The widening tax gap between residents and non-residents
If you are not an Australian resident for tax purposes, you are excluded from many of the tax breaks available to residents and an increasing target of the Australian Taxation Office. We explore the widening gap between residents and non-residents.
Scrutiny of Australian investments
With residential property prices soaring, foreign investment and […]
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, […]
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 […]
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 […]
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 […]
