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Unit 2/21, Dennis Road
Springwood, QLD 4127

Business

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

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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

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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

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 Abacus Taxation Services is a CPA Practice

 

Liability limited by a scheme approved under

Professional Standards Legislation.


 

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