The countdown to the end of financial year is less than 2 weeks away and while it is still the calm before the storm, I thought it would be helpful to provide you with a timeline to help you get it right and meet important deadlines.
Time is running out! End of financial year doesn't have to be hard with these tips.
It’s May 2015 and with only 6 weeks to the end of financial year, what can you do to best prepare for the 30 June 2015 cut off date?
FIXED ASSETS - New 2015 budget announcements
There have been some positive changes for small business announced in the 2015 budget. It appears they will be become law so let’s discuss this. Before 7:30pm May 12, 2015 the asset threshold was $1,000. After this date it is $20,000. Any small business with turnover of less than $2,000,000 can purchase assets up to the value of $20,000 and get an immediate tax deduction for them rather than having to write them down over the following years.