#Tax Deduction
Standard tax deduction in budget ‘rips off Australians’
The $500 standard tax deduction announced in the Federal Budget tonight is a fraction of the average currently claimed by taxpayers.
Temporary Investment Allowance a boost for business
The Government’s temporary Investment Allowance, announced in December, is a positive move for the asset finance industry and the broader economy. The ten percent investment allowance, in the form of an additional tax deduction, effectively provides the owner of new assets purchased with an upfront additional tax deduction of ten percent of the asset cost […]
Tax tips to reduce liabilities
The end of the financial year is almost upon us, but there are still a number of actions that business owners can take to help reduce their tax liabilities for the 2007 tax year. Often, this is simply a case of ensuring that your intentions are correctly recorded and dated, which will also be helpful […]