Monthly Archives: May 2015

The $20,000 Trap by Max Newham, Sydney Morning Herald

The federal government’s 2015 budget included some unexpected good news for small business owners. However the immediate tax deduction for assets costing less than $20,000 purchased by eligible small business owners could be lost if finance is used. Q. I

Posted in News & Updates

Budget 2015: Billions for small businesses the centrepiece as Hockey urges Australians to ‘have a go’

A multi-billion-dollar small business boost, a crackdown on welfare, a tax system focused on “fairness” and mounting deficits have been laid out in the Abbott Government’s second federal budget. It has been described by Treasurer Joe Hockey as the budget

Posted in News & Updates

Federal Budget: Special tax zone benefits stripped from FIFOs

Unions have reacted angrily to the loss of FIFO remote area tax benefits announced in the Federal Budget on Tuesday. FIFO employees are set to lose between $57 and $1173 a year in their Zone Tax Offset allowance, depending on the

Posted in News & Updates