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Archive for June 2019

$30,000 instant asset write-off

Looking at purchasing assets for your business? The instant asset write-off threshold has been increased to $30,000. If you purchase a new or secondhand asset costing less than $30,000 and it is used or installed ready for use from 7:30pm AEDT on 2 April 2019, you can claim a deduction for the business portion. Different thresholds apply…

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Single Touch Payroll commencing for Small Employers on July 1 2019

As you may be aware the Australian Taxation Office is introducing Single Touch Payroll (STP) for small employers commencing 1 July 2019. Depending on your situation there are options available. Ask your Tax Agent to report for you If you have 1-4 employees and limited digital capability you may eligible to report quarterly through your…

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