As part of the government’s election policy, financial assistance will be provided to specific apprentices on a special needs list by providing interest-free loans referred to as Trade Support Loan (TSL). TSL will be a new income contingent loan and…
The government announced in the 2014-15 budget that it would impose a temporary budget repair levy of 2% on that part of the taxable income of an individual that exceeds $180,000. The levy commences 1 July 2014 and will be…
End of the financial year has arrived all of your tax obligations can be serviced with Balci & Associates. Contact Us now to organise a time for completing your tax commitments with your Small Business Tax Accountants.
All small businesses will receive an immediate tax deduction for every asset they purchase costing less than $20,000. Currently, the threshold sits at $1,000. This $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to…
The new legislation that passed through parliament has changed the period for declaring a bank account as inactive. Previously a bank account could be deemed as inactive at 7 years. This is has now been reduced to just 3 years…