Monthly Archives: June 2015

ATO issues advice on $20,000 immediate asset deductibility for small business

The ATO has published guidance on the Government’s proposal to allow small business to immediately deduct each asset that costs less than $20,000. Deputy Commissioner Steve Vesperman said while legislation to give effect to the proposal has not yet been

Posted in News & Updates

Tax 2015 – Overview of key changes

Overview of key changes There are a number of key changes you need to be aware of this tax time. Temporary budget repair levy Mature age worker tax offset abolished Net medical expenses tax offset phase-out Medicare levy increase Dependent

Posted in News & Updates