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Tax Office sounds alarm on popular property strategy
Our Advent calendar for 2018
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Stop!! Don't do a paper Budget, use our online budgeting tools instead.
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Senate passes $20,000 instant asset write-off extension
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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
Super changes: $1.6 million transfer balance cap and death benefit pensions
Payroll, compliance issues top dodgy practices in Aussie business
Employee travel expense deductions
The Goldilocks effect - Economic and market update 4Q 17
Tax assessments confirmed for undisclosed business income
Super returns on the up despite clients’ hesitation
Australia. All you need to know to be the expert.
Business confidence hits 5-month high: NAB
Caution advised on best interests duty with cryptocurrencies
$20,000 asset write-off renewed for another financial year.
SMSF compliance traps with bitcoin
Where Australia is at. Our leading indicators.
Foreign resident CGT withholding: early recognition of tax credit
ATO set to doorknock as 60% of cash-heavy businesses caught
New downsizing cap available
Capital Gains and Renounceable Rights
Treasury finds Australia 'increasingly uncompetitive' as US moves on tax plans
Australia's vital statistics
Our Advent calendar for 2017
$20,000 asset write-off renewed for another financial year.

Asset write-offs reminder for small business.



       


 


Small businesses with a turnover of less than $10 million can get an immediate deduction for assets that cost up to $20,000 each in their 2016–2017 return.  The $20,000 threshold now applies until 30 June 2018.


Assets that cost $20,000 or more can't be immediately deducted.  They need to be deducted over time using a small business asset pool.


It’s important to apply all of the simplified depreciation rules correctly so your business doesn’t under-claim for its eligible assets.


 


 


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16th-February-2018
 

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