Hurry, hurry! Take advantage of the $30,000 instant asset write-off before the threshold is due to revert to $1,000 on 1 July this year. In the 2019-20 Federal Budget, the…
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Precision needed to meet CGT on small business concession rules
For small businesses selling their business assets, generous CGT concessions may reduce their capital gain and also boost their super.But strict rules apply. Capital gains tax (CGT) concessions can create…
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Why documentation is vital with ATO audits
Smart, cohesive technology has triggered an increase in ATO tax audits in the past 12 months. Organised and accurate documentation is key to being prepared should an audit be requested.
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