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50% Accelerated Depreciation

Date New assets acquired from 12 March 2020 and first used or installed ready for use for a taxable purpose by 30 June 2021 Applies to Businesses with aggregated turnover less than $500m   Eligibility Businesses with a turnover of less than $500 million can...
Individual Tax Returns: Tax Tips FY19

Individual Tax Returns: Tax Tips FY19

The time has come to start preparing for your 2019 tax return. There are a couple of key areas of interest and changes that you should be aware of. The ATO has told us that they have two key areas of focus this financial year: Work related deductions, and Rental...
ATO to Clamp Down on Tax Deductions

ATO to Clamp Down on Tax Deductions

Thinking of claiming that $300 decanter for your future career as a sommelier? Think again. With tax time fast approaching, the ATO have put ITR deductions in their line of fire, clamping down on individuals making excessive and incorrect claims for work-related...
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