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Accounting News

$20,000 asset write-off renewed for another financial year.

Asset write-offs reminder for small business.



Small businesses with a turnover of less than $10 million can get an immediate deduction for assets that cost up to $20,000 each in their 2016–2017 return.  The $20,000 threshold now applies until 30 June 2018.

Assets that cost $20,000 or more can't be immediately deducted.  They need to be deducted over time using a small business asset pool.

It’s important to apply all of the simplified depreciation rules correctly so your business doesn’t under-claim for its eligible assets.




Latest Accounting News

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.


Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.