Are you ready for 2023 tax planning

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  MINIMISE YOUR BUSINESS TAX 2023 TAX PLANNING GUIDE Imagine what you could do with tax saved? You could: Reduce your home loan Top up your super Save for a holiday (when we can travel again!) Deposit for an Investment Property Pay for your children’s education Upgrade your Car Here’s a guide to the strategies you can use to minimise your business tax. IS YOUR BUSINESS A “SMALL BUSINESS” ENTITY?…  Read more

Instant asset write off extended for another 6 months

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In March, the government increased the threshold for instant asset write off form $30,000 to $150,000. this was meant to drop back to original threshold of $1,000 from 1 July. The arrangement has now been extended to 31 December 2020.   What does the instant asset write off mean for you? – If your (aggregated) turnover is less than $500 million – And you purchase asset that is available to…  Read more