Buy up and claim: Instant asset write-off could benefit up to 2 million taxpayers
Hurry, hurry! Take advantage of the $30,000 instant asset write-off before the threshold is due to revert to $1,000 on 1 July this year.
Tax & Accounting Blog
NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS
Buy up and claim: Instant asset write-off could benefit up to 2 million taxpayers
Hurry, hurry! Take advantage of the $30,000 instant asset write-off before the threshold is due to revert to $1,000 on 1 July this year. … Read More
AUSTRAC Goes After Westpac with Allegations of Anti-Money Laundering Misconduct
Australia’s first bank, Westpac, is alleged to have contravened the Anti-Money Laundering Counter Terrorism Financing Act 2006 (Cth) (AML/CTF Act) on tens of millions of occasions. … Read More
Why data protection should keep you awake at night
Your data is the centre of your business, a bullseye for cyber-criminals. But that’s not the only threat. Misuse and loss of personal information are also contenders. … Read More
Are you on top of the basics? Five lessons for when your client calls
Ready for some straight talk? If you’re a tax practitioner, you need to be across these five topics and if you’re not, you need help, warns tax expert Ray Cummings. … Read More
Capitalising the balance sheet: AASB 16 sets a new standard for leases
With the introduction of the new AASB 16 Leases, lessees are now required to account for the assets and liabilities from operating leases, changing the balance sheet forever. … Read More
Precision needed to meet CGT on small business concession rules
Capital gains tax (CGT) concessions can create powerful tax and superannuation planning opportunities for small businesses. However, since legislation was introduced last year to include extra tests and conditions to access the concessions, you need to use surgical precision to ensure your clients are eligible. … Read More
