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Federal Budget 2018 - Overview
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Your Budget
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4 components of our 2018 Federal Budget
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Resources to help understand and implement Single Touch Payroll (STP)
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New rules capture SMSFs trading big with cryptocurrency
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New passive income test for lower corporate tax rate
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Tools to help you manage your financial position are available on our site.
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‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
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Australia by numbers – Update
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Beware residency rules if moving overseas
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Meaningful tax reform in high demand
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Working holidaymakers and tax returns
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Single Touch Payroll – 1 April 2018 Action
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Property investors on notice after ATO spots false claims
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ATO issues update on cryptocurrency compliance traps
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Australia's vital statistics
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Accountants spy elder abuse spike as mortgage stress sets in
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Tax office releases fresh guidance on SMSFs
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Labor's tax plans could favour the rich, analysis shows
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FBT Reminder – Odometer Reading
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Our website is really our digital office.
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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list
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Super changes: $1.6 million transfer balance cap and death benefit pensions
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Payroll, compliance issues top dodgy practices in Aussie business
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Employee travel expense deductions
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The Goldilocks effect - Economic and market update 4Q 17
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Tax assessments confirmed for undisclosed business income
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Super returns on the up despite clients’ hesitation
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Australia. All you need to know to be the expert.
Article archive
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Quarter 1 January - March 2018
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Quarter 4 October - December 2017
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Quarter 3 July - September 2017
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Quarter 2 April - June 2017
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Quarter 1 January - March 2017
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Quarter 4 October - December 2016
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Quarter 3 July - September 2016
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Quarter 2 April - June 2016
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Quarter 1 January - March 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 2 April - June 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
$20,000 asset write-off renewed for another financial year.

Asset write-offs reminder for small business.

       

 

Small businesses with a turnover of less than $10 million can get an immediate deduction for assets that cost up to $20,000 each in their 2016–2017 return.  The $20,000 threshold now applies until 30 June 2018.

Assets that cost $20,000 or more can't be immediately deducted.  They need to be deducted over time using a small business asset pool.

It’s important to apply all of the simplified depreciation rules correctly so your business doesn’t under-claim for its eligible assets.

 

 

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