Tax Deduction

Are you paying more tax than you need to?

What can you do to reduce your tax and the tax paid by your business? The answer is quite a bit but it takes planning pre 30 June. Here are our top tips ...

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Are you paying more tax than you need to?
( Posted in: Tax )

BIG tax breaks

Fantastic News, there is an increase to the aggregated turnover threshold to $10 million for access to small business tax concessions from 2016-17.  This means that any businesses with an aggregated turnover of under $10 million can now ....

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BIG tax breaks
( Posted in: Tax )

Tax Planning for 2016/17 Financial Year

April is a vital month for tax and superannuation planning. With 9 months of the financial year locked away significant trends or changes from the previous financial year will be well established.

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Tax Planning for 2016/17 Financial Year
( Posted in: Tax )

Income Protection Insurance Tax Deductions

Recently a client came in to complete their tax returns and during the process we found that the income protection insurance they wanted to claim was actually paid for by their Super Fund. This sparked an interesting discussion about how income protection deductions work and how claims would be processed.

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Income Protection Insurance Tax Deductions
( Posted in: Tax )

Top Small Business $20K Deduction Q&A's

In a recent speech, Small Business Minister Bruce Bilson stated that a lot of his time talking about the $20,000 immediate deduction for small business was convincing people it was not a hand out.

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( Posted in: Tax )