Research & Development Rebate

Research & Development Rebate

Research & Development (R & D) Rebate The R & D rebate is an excellent incentive for businesses engaged in research & development. The biggest issue I find with the R & D rebate is that businesses are unaware of the rebate or unaware of what...
2017/2018 Budget reminders

2017/2018 Budget reminders

Budget reminders Here is just a small list of budget reminders. From 1 July 2017, the ‘rich’ are off the hook from the temporary budget repair levy being removed for taxpayers with a taxable income of greater than $180,000. The small business instant asset write off...
Federal Budget 2017 – 2018 Part II

Federal Budget 2017 – 2018 Part II

RESIDENTIAL RENTAL PROPERTIES – BUDGET LEAKAGE MEASURES Travel expenses related to inspecting, maintaining or collecting rent for a residential rental property will be disallowed from 1 July 2017. From 1 July 2017, the Government will limit “plant and equipment”...
Federal Budget 2017-2018 Part I

Federal Budget 2017-2018 Part I

SMALL BUSINESS INSTANT ASSET WRITE OFF The Government will extend the current instant asset write-off ($20,000 threshold) for small business entities (SBEs) by 12 months to 30 June 2018. A small business entity if a company in 2017/2018 is an entity with a turnover...