AusBiz Solutions Accountants & Tax Professionals can reduce the tax you would otherwise pay by up to $1,000 this year by making the most of the small business income tax offset. This is in addition to maximising your deductible expenses as usual.
To take advantage of this opportunity contact us on 6583 5327 to schedule an appointment for your 2018 bus...
The ATO is making it a priority to investigate individuals who make excessive claims and erroneous tax deductions. The ATO is keen to reduce the ‘tax gap’, the difference between how much the ATO collects and how much it should if all taxpayers complied with the law.
Under current law, the $20,000 immediate write-off ends on 30 June 2017. However, the Government
has extended the concession by 12 months to 30 June 2018 for businesses with an
aggregated annual turnover less than $10 million.
This is extremely tax-effective for small businesses, however there are special rules regarding this write-off. Contact our office...
Forgot to lodge your 2016 tax return (or several years)? The final lodgment date for most individuals is 15 May 2017. Contact our office now on 6583 5327 before the ATO contacts you and imposes late lodgment penalties.