Cash Flow, Small Business, Taxation
With the end of the tax year approaching, now is the time to see what you can do to reduce your tax for 2022. This would mean more money in your pocket for you and your family to enjoy. To minimise your Personal tax click here. Business Tax Temporary Full Expensing Businesses with an aggregated turnover of less than $5 billion can immediately deduct the business portion of the cost…
With the end of the tax year approaching , now is the time to see what you can do to reduce your tax for 2022. This would mean more money in your pocket for you and your family to enjoy. To minimise your Business tax click here. Personal Tax Home Office Expenses during Covid-19 If you worked at home because of Covid-19 you will be able to claim a special…
With the end of the tax year approaching , now is the time to see what you can do to minimise your tax for 2021. This would mean more money in your pocket for you and your family to enjoy and put some fun back into the tough year it has been. To minimise your Business tax click here. Personal Tax Home Office Expenses during Covid-19 If you worked at…
Cash Flow, Small Business, Taxation
With the end of the tax year approaching, now is the time to see what you can do to minimise your tax for 2021. This would mean more money in your pocket for you and your family to enjoy and put some fun back into the tough year it has been. To minimise your Personal tax click here. Business Tax Temporary Full Expensing Businesses with an aggregated turnover of less…
Cash Flow, Small Business, Taxation
Capitalism or socialism, that is the question. The Federal Government has released the budget for 2022 and it is a very socialist focussed budget in a way. As capitalism is what grows economies and the wealth of nations, the government has applied the correct balance of the two systems. As the country is in trouble because of Covid, it has come to the rescue with a safety net. Read below…
Cash Flow, Small Business, Taxation
In March 2020, the Government increased the value that a business could instantly write off a business asset to $150,000 from $30,000 as part of it’s response to Covid -19. The business needed to have a turnover of less than $10 Million. Currently the Government has boosted this scheme and says there is now no limit on asset value if the turnover is less than $5 billion. From 6…