Originally announced in March 2020, the instant asset write-off threshold increased to $150,000 and has now been extended until 31 December 2020. Initially, the increased threshold was intended to run until 30 June 2020, and allowed eligible businesses with a turn-over of less than $500 million to claim an immediate tax deduction for assets, where the [...]
The Australian Taxation Office has announced that its plans to update the rules surrounding car parking arrangements and fringe benefits tax have been deferred until next year. Originally planned to start from 1 April 2020, the changes mean that a car park that allows all-day parking but charges high fees to discourage such parking would still [...]
With the festive season just around the corner, many of us are wrapping presents and planning our holidays as we prepare for the New Year. Although exciting for most people, many small business owners dread the thought of Christmas due to the negative impact the quiet season has on cash flow. Some of the most [...]
Usually, New Years resolutions go something like… I will lose weight I will start exercising more I will find more time to spend with my friends and family Sometimes those resolutions are successful; other times maybe not so much. What about this year setting some business resolutions instead, what about starting 2020 with a clear [...]
Christmas is just around the corner and the preparations for secret Santa, the Christmas party and other festive events are all underway. With the festive season upon us, some events can prove troublesome if some guidelines are not put in place early. Whether you have settled on a casual end of year event or a [...]
