Accelerated depreciation for small business
In the 2015-16 federal budget, the government expanded the small business quick deductibility limit from $1,000 to $20,000, which was initially due to end at June 30, 2017. In any case, a law alteration charge has as of late been passed by Parliament that broadens that measure by 12 months until June 30, 2018, after which the deductibility limit will return to $1,000.
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ATO waves a red flag on deductions for holiday rentals
Exactly when numerous Australians are thinking about escaping for a mid-winter break, the ATO is reminding citizens that it is giving careful consideration to investment properties situated in mainstream occasion goals around Australia.
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Be prepared: What you need to bring to your tax return appointment
In case you're coming in soon to examine your tax return for yourself or your business, make an effort not to turn up totally flat broke, or possibly to turn up arranged with a few records or electronic access to them.
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Lost your tax file number? Here’s what to do
In the event that you've lost your Tax File Number (TFN) there are a couple of alternatives for you to attempt to get it back.
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Checklist of business deductions
This non-thorough checklist of business derivations is intended to give a simple reference manual for the sorts of conclusions that may be asserted by organizations.
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Life policy bonuses and tax
At the point when an extra security strategy has been held by the citizen for a long time or more, reversionary rewards gotten on that arrangement are tax-exempt. For arrangements held for under 10 years, stipulated sums are incorporated into the citizen's assessable pay, and a duty balance is accessible.
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