Much was expected of the Henry report, but of the 138 recommendations, only a few were taken up by the government, and of those, none are to have any impact until 2012/13 at the earliest.
The 2010 Federal budget is in many ways also a “non-event” as far as the “average person” is concerned. Again, major taxation issues will not be effective until the 2010/11 and later years. Read More...
Small Business & General Business Tax Break **UPDATED**
Time is running out ….
If you wish to take advantage of the business tax break, you should act fast.
To take advantage of the extra 50% business tax break, businesses with an annual turnover of less than $2 million need to commit to buy an eligible asset, or invest in an existing asset, by 31 December 2009. Read More...
New ABN Entitlement Test
If your an individual, wishing to obtain an ABN to carry on a business as a sole trader, remember that: Read More...
Is Your Business Eligible For Fuel Tax Credits?
There are two new methods for calculating eligible litres for claiming fuel tax credits. They are: Read More...
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