Blogs & Resources
29 October 2017
9 Income Tax Concessions for Small Business.
1. Simpler depreciation rules – instant asset write-off
Assets that are less than $20,000 can be written off immediately.
2.&nbs…
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11 October 2017
Taxation Update - October 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. No small business tax rate for passive …
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8 October 2017
What are some of the benefits of Small Business Concessions?
Small businesses can access a range of concessions including payment and reporting options. This applies to sole traders, partnerships, companies or trusts.&nbs…
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28 September 2017
Deductions that you can claim - The Australian Taxation Office (ATO) provides guidance on what deductions can be claimed as an individual tax payer or as a business.
As an individual tax payer, you are entitled to claim certain deductions. The Australian Taxation Office (ATO) has provided some guidance on what you can …
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17 September 2017
What is Single Touch Payroll?
Single Touch Payroll (STP) is a new reporting system introduced by the Australian Taxation Office (ATO) which comes into effect by 1 July 2018 for organisat…
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26 August 2017
How do I access the Small Business Income Tax Offset?
The Small Business Income Tax Offset (also known as the unincorporated small business tax discount) can reduce your personal tax bill by up to $1,000. …
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14 August 2017
Taxation Update - August 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. ATO warning regarding work-related expe…
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18 July 2017
Why are the Australian Taxation Office (ATO) are remitting / refunding Failure to Lodge Penalties (FTL).
Due to the problems that the Australian Taxation Office (ATO) has had with its systems and the issues that this has caused with Accounting and Taxation Practice…
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3 July 2017
Taxation Update - July 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Removal of the Temporary Budget Repair …
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1 July 2017
Happy New Year and Best Wishes for 2018.
McNamara & Co - Chartered Accountants
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25 June 2017
Taxation Planning - Deferring capital gains events.
Managing the timing of a capital gain event can defer the tax payable on the event for a substantial period of time. It may also reduce the amount you eve…
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24 June 2017
Taxation Planning - Selecting an appropriate tax vehicle
Using the right accounting / taxation structure can have a dramatic effect of the amount of tax you will pay and how protected your assets are.When it comes to …
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17 June 2017
Taxation Planning – Diverting Income
Diverting income is another widely used and effective means of minimising your taxation liability.
Using a Discretionary (Family) Trust can prove to be very …
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11 June 2017
2017 Taxation Checklist for Businesses and Individuals
Please subscribe to our newsletter for our 2017 Taxation Checklist for Businesses and Individuals, where the following is discussed:
1. Tax saving stra…
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