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The instant asset write-off threshold has been increased to $30,000 and extended to 30 June 2020. If you purchase an asset (new or second hand) costing less than $30,000 and it is used or installed ready for use from 7:30pm AEDT on 2 April 2019, you can claim a deduction for the business portion. Different … Small Business NEWS Read More »

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Tax Breaks – Small Businesses

The Australian Taxation Office (ATO) defines a small business as having a total annual income between $2 million and $10 million. If your firm falls into this criterion, we have gathered some useful information on tax breaks for you.  A tax break is any sort of tax deduction, tax credit or tax exemption. It is … Tax Breaks – Small Businesses Read More »

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Low Income Earners Co-Contribution

Superannuation is a system that encourages you to save money in a fund throughout your life to get pension like payments when you retire. You make after-tax payments to the fund annually and the trustee invests the money elsewhere helping your fund grow while you earn. The superannuation constitutes of your own payments, government contribution … Low Income Earners Co-Contribution Read More »

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