Mar 7, 2019
The small business instant asset write-off threshold has increased to $30,000, and has been extended to 30 June 2020. The instant asset write-off now also includes businesses with a turnover from $10 million to less than $50 million. These businesses can claim a...Mar 16, 2018
From 1 July 2018, businesses with 20 or more employees will need to use Single Touch Payroll-enabled software to report the tax and super information to the ATO. They may not need to provide payment summaries to their employees at the end of financial year when they...Mar 16, 2018
Claiming GST credits can seem confusing, but there are a couple of simple things that can help you avoid some common mistakes. 1. Make sure you hold valid tax invoices for purchases above $82.50 (including GST) For a tax invoice to be valid it needs to include the:...Mar 16, 2018
If the total income from your property development activities is more than $75,000 per year and those activities are regarded as an ‘enterprise’, you may need to register for GST. Your activities may be regarded as an enterprise if, for example, you buy...Aug 8, 2017
Most property investors know that there were changes to depreciation announced in the May 9 Federal Budget. The draft legislation was released recently and cleared up some confusion, but also contained some good news: The changes do NOT affect commercial property. ...