The end of financial year is fast approaching therefore it is now time to not only look at what has been achieved throughout the year, but also see whether any fine-tuning can (or should) be made before 30 June. Maximising tax deductible expenses If cash flow permits, you may consider prepaying deductible interest or bringing […]
Tag Archives: Small business planning services
Plan for success with your Stratogen small business accounting partner
28
Aug
FINANCIAL PLANNING AND SMALL BUSINESS ACCOUNTANTS NOOSA. Starting a new business can be a little like learning to surf – you paddle hard to catch a break and once once you’re set up, balance is key to your success. That balance part… That’s what the team at Stratogen Accounting Noosa is all about. Our accountants and financial planners […]
Tax strategies pre 30 June 2018
08
Jun
PERSONAL AND BUSINESS TAX STRATEGIES FROM OUR NOOSA TAX AGENTS. The end of financial year is fast approaching therefore it is now time to not only look at what has been achieved throughout the year, but also see whether any fine-tuning can (or should) be made before 30 June. Prepayment of Interest or other tax […]
Small Business Superannuation Clearing House Changes
23
Jan
SMALL BUSINESS SUPERANNUATION INFORMATION. Further to our recent communication regarding the upcoming changes to the Small Business Superannuation Clearing House (SBSCH), the ATO have now advised dates. On 26 February 2018 the SBSCH will only be available through the ATO’s online services. It will be the same service, just with a new look. The SBSCH will be unavailable […]
$20,000 instant asset write-off for small business
18
Jan
SMALL BUSINESS ACCOUNTING SERVICES NOOSA. The $20,000 instant asset write-off for small businesses has been extended to 30 June 2018! The ATO small business newsroom released an article on 2 January 2018 stating the below: If you buy an asset and it costs less than $20,000, you can immediately deduct the business portion in your […]
Small business tax concessions
24
Nov
SMALL BUSINESS ACCOUNTING SERVICES NOOSA. There have been recent changes to the definition of a small business entity. From 1 July 2016 a small business entity is a sole trader, partnership, company or trust that carries on a business (for at least part of the financial year) and has aggregated annual turnover less than $10 […]
Small business accounting : Simpler BAS from 1 July 2017
04
Jul
SMALL BUSINESS ACCOUNTANTS & BAS PREPARATION NOOSA. From 1 July 2017, the ATO are reducing the amount of information required to report on Business Activity Statements for small businesses. Aptly named ‘Simpler BAS’ will be the default GST reporting method for small businesses with a GST turnover of less than $10 million. What small businesses […]
$20,000 asset immediate write-off extended for small businesses
25
May
The $20,000 instant asset write-off concession allows “small” businesses to immediately deduct the full value of every depreciating asset purchased up to the value of $20,000, instead of claiming the depreciation deductions over a number of years. A sole trader, partnership, trust or company that is carrying on a business activity with aggregated annual turnover […]
Final months of the ‘increased threshold’ for small business instant asset write-off
23
Mar
The small business instant asset write-off of assets worth $20,000 or less will end on 30 June 2017. If you are a small business (with aggregated turnover of less than $2 million) and are contemplating buying business plant or equipment, then you should consider doing so before the end of the financial year – which […]
ATO Tax Essentials Workshop for Small Business
25
Nov
The ATO are holding a free workshop in Noosaville aimed at small businesses and designed to make managing tax and super obligations easier. This workshop will cover the following topics: Tax Essentials: the best business structures for you, and registrations you may need how to keep track of your business through record keeping, and save […]
