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         Instant asset write-off for eligible businesses Under the instant asset write-off, eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used, or installed ready for use. Instant asset write-off can be used for: o    multiple assets … Small Business NEWS Read More »

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Research and Development Tax Incentive

The Research and development (R&D) tax incentive encourages companies to engage in R&D benefiting Australia, by providing a tax offset for eligible R&D activities. It has two core components: o    a refundable tax offset for certain eligible entities whose aggregated turnover is less than $20 million o    a non-refundable tax offset for all other eligible entities. The R&D … Research and Development Tax Incentive 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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Client Reviews

"David is a wealth of knowledge if you need assistance in accounting. He is always up-to-date with the constant rule changes regarding jobkeeper/jobseeker, on top of his understanding of the setup of trusts/companies. In addition, David is very friendly and down-to-earth... Strongly recommend him and his team" - Allan Lam

"David Ross and the the entire Ross Accounting team are some of the best accountants on the northern beaches. Highly recommended to anyone looking for a reliable and trust worthy accountant who will actually get you money back and is up to date with all the new Tax and Business information. Thanks again " - Joseph Azzolina