07 3208 9889

Unit 2/21, Dennis Road
Springwood, QLD 4127

Blogs

Instant Asset Write-Off Thresholds

 

Instant Asset write-off thresholds

The Instant asset write-off threshold for small businesses with a turnover of up to $50 million has been increased from $20,000 to $30,000, and has been extended through until June 2020.  This means that you can claim the entire cost of the asset up front rather than depreciating it over numerous years.

Businesses with a turnover of up to $50 million

read more...

Understanding Work Related Expenses

 

 

When it comes to claiming work related expenses there can be a lot of confusion over what can and cannot be claimed.

These are some simple rules that you should keep in mind for claiming expenses relating to your employment:

 

  • Have you spent the money yourself and were not reimbursed by your employer? 
  • Does the money you have spent (or the expense that has been incurred) r
read more...

Eight Reasons to use an Abacus Angel this 2016 Tax Season

 

1. Our mission is to legally maximise your refund

Tax Season is a much loved time of year for the majority of individuals. Where the hours spent pondering about what you will purchase with that awesome tax refund we scored you finally come to life. We know how precious your refund can be. That’s why we always claim as much as we legally can for each individual, understanding each occ

read more...

Five Data Sources the ATO are Increasingly Investigating

Now, we don’t want to frighten you but the ATO are resembling more closely every day a fly on the wall of your financial secrets chamber. Following are five data sources that the ATO are increasingly gaining access to and investigating;

Offshore Banking

If you’re scoffing at this one, laughing uncontrollably as you’re ‘pretty positive’ you’re in some sort of &l

read more...

Four Jolly Tax Saving Tips for your Festive Season

 

As you would probably know from being caught out before, the dreaded FBT has a one way attraction with gifts, entertainment and other benefits. For a Small Business employer, there is an effective 40% added cost to provide a tax deductible benefit that is subject to FBT compared to a non-deductible benefit that is exempt from FBT.

Thankfully though, Santa’s elves have left some sneak

read more...

Six Weapons for Success from your Accountant

 

We all tell ourselves; ‘I’m an entrepreneur. I’m innovative, efficient, knowledgeable, tech savvy... what can an Accountant do for me that I can’t do myself …and for a fraction of the price?’ We’ve all been there right?

Many small business owners start out cutting corners by doing their own tax returns, in addition to doing just about everything e

read more...

 Abacus Taxation Services is a CPA Practice

 

Liability limited by a scheme approved under

Professional Standards Legislation.


 

This website is powered by EziWeb