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Man working in cafe and wondering about Tax Deductions For Investing In Your Business

Tax Deductions for Investing in Your Business

Emma Zajac
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Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the cost of improvements to existing assets in the first year of use. This means that an asset’s cost will be…
New Financial Year 2020/2021

Happy New Financial Year 2020/2021

Emma Zajac
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To all our valued clients,   Happy New Financial Year!   Naturally as I’m sure you’re all aware the past few months have been incredibly challenging for the community in general. COVID19 has created and continues to create enormous health & economic disruption for individuals and families alike. We recognise that many of our clients…
Tax time 2020: ATO homes in on rental deduction claims

Tax Time 2020 | ATO Homes in on Rental Deduction Claims

Emma Zajac
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Rental deduction hotspots for this tax time have now been identified by the ATO as it anticipates a change in claims because of COVID-19 and recent natural disasters. Rental deduction claims continue to be a focus point for the ATO leading into tax time 2020, with the agency doubling its in-depth audits last year on the back…
2020 Tax Planning

2020 Tax Planning | Reduce your 2020 Tax!

Emma Zajac
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With the end of financial year approaching quickly, NOW is the time to discuss with us the actions you can take before 30 June 2020 to reduce your tax and grow your wealth!   For 2020, key priorities are likely to include: Maximising superannuation contributions without exceeding the relevant caps Bringing forward deductible expenses Deferring taxable income Managing…
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