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Tax

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Instant asset write off for ABN holders

May 11, 2020
 

In response to the Covid19 pandemic, the Australian Government introduced a number of stimulus packages to assist businesses during this tough time. One such announcement was a change to the Instant Asset Write Off scheme whereby small businesses (with a turnover less than $500mil) will be entitled to an immediate tax deduction for all work related assets purchased between now and June 30 2020. Rather than the depreciation being spread out over 8 – 10 years, …

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Get the Tax Return You Deserve

March 28, 2018
 

Everyone wants an income tax return they can guffaw over, but very few people know how to get the most out of their tax return. Our quick guide below could make your next tax return (relatively) painless and fatten up your return nicely.   Claim Everything You Legitimately Can Any expense you incurred in earning your income can be claimed as a deduction. As long as you have the paperwork …

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Income Tax – Making it Work for You

January 11, 2017
 

Many people are afraid of taxes or view them as a chore to be delayed as long as possible. But tax time can be a great opportunity to save money if you have a good understanding about the income tax rebates that apply to your situation and the deductions you are eligible for. Everyone should be aiming to claim the deductions and income tax rebates they are entitled to. But …

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