The first Tuesday in May saw an unprecedented interest rate drop by the RBA on the same ay as the Budget Announcement. These were followed by the announcement of the Federal election, resulting in a Federal government currently in caretaker mode.
As we head in to the last few days of the financial year, we hope you have attended to any of your year-end tax planning. If you have not addressed any of these strategies as yet, and want to discuss what is available to you, call us now.
A few strategies to think about include:
- Take advantage of the $20,000 instant write-off threshold for small business;
- Pay your income protection insurance in advance; and
- Review all your debt and consider pre-paying tax deductible expenses.
This edition takes a look at the proposed changes in the Federal Budget, together with issues facing small business including myths surrounding whether your workers are employees or contractors, tax concessions, drive a bargain, the looming SuperStream deadline and protecting your business against online scams and cyber-attacks.
We hope you find the newsletter of value and if there is any area you would like to discuss, please call us. We are here to help.
Click here for – 2016 Winter Newsletter