Ph: 0422 311 350

Tax Tips

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Has your business taken advantage of the Federal government's accelerated depreciation changes in the last year? If not then you had better hurry because the ability to instantly write off any business expense up to $20,000 ends 30 June 2017.

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Summer time and ice cream time go hand in hand. But did you know that eating an ice cream is 'a sin' and that you are contributing to the obesity epidemic in Australia by getting fatter? 

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If you don't think you will be able to get your tax return done before the end of the month, then it's time to get to the accountant, so that you can submit your tax return without a penalty!

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In great news for middle-income earners the middle-income tax bracket has moved from the existing upper threshold of $80,000 to $87,000. This means up to $315 per year more will stay in your pocket than go to the tax man. It's a modest step to ease the pain of bracket creep and welcome news.

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The working holiday is one of the best ways for travel hungry, cash-strapped tourists to enjoy and be able to afford their stay in Australia. At the same time, many industries in Australia have become so accustomed to foreign workers filling key labour positions that the industries are barely viable without these foreign workers, who often travel to regional and remote locations or take otherwise unwanted jobs.


Our office

Phone
0422 311 350

Email

Address
3/2a Martin Place
Mortdale NSW 2223

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