Tax Deductions Archives - The Garis Group

5 Ways Accountants Can Save You Money

September 22, 2023

Accountants, Asset Management, Financial Planning, Tax Deductions

Imagine having a trusted financial partner by your side, helping you navigate the intricate world of money matters. Whether you’re an individual looking to secure your financial future or a business owner aiming to boost profitability, accountants can play a pivotal role in saving you money. In this blog post, we’ll explore five essential ways…

What Expenses Can I Claim Whilst Working From Home?

April 19, 2022

Emma Zajac

Tax Accountants, Tax Deductions, Tax Returns

There has been a significant push in recent times for businesses to offer the option to work from home due to the global pandemic and various lockdown restrictions due to COVID-19. The transition to working from home has come with a number of benefits for workers, including a more convenient working lifestyle and the removal…

Tax Deductions for Investing in Your Business

November 5, 2020

Emma Zajac

2020, 2021, Assets, business, Business Owner, COVID, COVID-19, COVID19, Depreciable, Entities, P & L, Profit, Small Business, Tax, Tax Deductions

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…

The Garis Group shares information on the $150k instant asset write-off which has now been extended for 6 months

COVID-19 | $150k instant asset write-off extended for 6 months

June 10, 2020

Emma Zajac

business, Cash flow, COVID-19, COVID19, Instant Asset Write Off, Small Business, Tax Deductions

The $150,000 instant asset write-off has now been extended until the end of the year as the government looks to spur businesses to invest. The instant asset write-off threshold of $150,000 for businesses with an aggregated turnover of less than $500 million will now be extended to 31 December 2020. The extension, estimated to cost $300 million…

5 Ways Accountants Can Save You Money

What Expenses Can I Claim Whilst Working From Home?

Tax Deductions for Investing in Your Business

COVID-19 | $150k instant asset write-off extended for 6 months

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