With changes being introduced to Business Tax Rates and Depreciation write off levels etc., now is the time for Business to review these changes and plan future capital purchases to ensure they maximise their cash flows.
A recent survey commissioned by Telstra Business and the Council of Small Business of Australia (COSBOA) revealed many businesses weren’t aware of the Federal Governments tax cuts.
These changes include immediate write off for assets up to $6,500 and an immediate write off of up to $5,000 for new motor vehicles.
For further information on how these changes affect you and your business circumstances, you should contact your Accountant or Tax Advisor.
Source:-
Accommodation Association of Australia
Submitted by:- Harry Hunt,
Comfort Inn Hunts Liverpool