News Archives

In the run-down to the end of Financial Year, there is still time to work with your accountant to make the most of your tax strategy.

This month, we're looking at some of the end-of-finanicial-year strategies that you can take advantage of, such as the $20k instant asset write-off and essential housekeeping for small business. If you're a trustee, there is also some housekeeping required for end of financial year.

It's not too late to speak to us about how to maximse EOFY: Contact the team on 02 9957 4033 to make sure you're set up well for FY18.

	Making the most of your $20k Instant Asset Write-Off The Federal Budget has extended the $20,000 instant asset write-off until 30 June 2018, allowing 90,000 businesses to access it, so how can you make the most of it?
	A re You Paying More Tax Than You Need To? What can you do to reduce your tax and the tax paid by your business? The answer is quite a bit but it takes planning pre 30 June.
	Trusts, Timing And Getting It Right Trustees (or directors of a trustee company) need to decide on the distributions they plan to make by 30 June 2017 at the latest.
	Why Work-Related Travel Claims Are Easy Pickings For The ATO The Australian Taxation Office (ATO) is on the warpath over work related travel expenses and is prepared to test the boundaries of claims in court.
	The Deal To Pass The Enterprise Tax Bill The tax rate reductions for business and changes to the small business threshold were announced in the last Federal Budget but have been stuck in the Senate with concerns that it was merely a 'sugar hit' for the top end of town.

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Disclaimer

This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.