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…
Most employers have issued 2014 Payment Summaries. Contact Us now to organise a time for completing your tax return with your Glenroy Accountant.
There are a number of ways that business owners can reduce a whopping great tax bill. AustralianBiz CEO Joe Kaleb lists the top six you can use before 30 June, 2014. The first two strategies apply only to small business…
Our Government has released its first Budget on 13 May 2014. The Budget will deliver a deficit of $29.8bn for 2014/15 with a myriad of spending cuts and increased taxes/levies designed to reduce it over the coming years. The key…