It’s a great headline, isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving …
There are lots of reasons to keep fit, but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people. And yes, the Tax Office has heard all the arguments before ab…
There are lots of reasons to keep fit, but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people. And yes, the Tax Office has heard all the arguments before ab…
Business Taxpayers
Business taxpayers will need to prepare for the new year as well as the current year.
Prepare for the following:
Business Taxpayers
Business taxpayers will need to prepare for the new year as well as the current year.
Prepare for the following:
All those with family trusts need to do some tax planning and, at a bare minimum, review the cash distributions and prepare a Resolution before 30 June 2022.
All those with family trusts need to do some tax planning and, at a bare minimum, review the cash distributions and prepare a Resolution before 30 June 2022.
This is a safe, ballot box friendly Budget, as expected, focusing on jobs, cost of living, homeownership, and health.
Key initiatives include:
A 6 month, 50% reduction in fuel excise with effect from midnight Budget night
A $420 cos…
This is a safe, ballot box friendly Budget, as expected, focusing on jobs, cost of living, homeownership, and health.
Key initiatives include:
A 6 month, 50% reduction in fuel excise with effect from midnight Budget night
A $420 cost o…
Temporary full expensing (in the first year of use) enables your business to fully expense the cost of:
new depreciable assets
improvements to existing eligible assets, and
second-hand assets