Tag Archives: Small business tax information

Small Business Superannuation Clearing House Changes

23 Jan
small business superannuation information sbsch changes 2018

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 […]

Small business tax concessions

24 Nov
small business accounting services noosa

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
tax return bas preparation noosa

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 […]