$20,000 Small Business Instant Asset Write Off
We are fast approaching the end of the financial year (I know, we can’t believe it either). Remember that if you are operating a small business, you can purchase an asset costing less than $20,000 excluding GST and claim the entire purchase price as an immediate deduction. Small businesses have historically been defined as those […]
Changes Afoot for Workers Compensation
There are changes afoot with Workers Compensation Insurers. From 1 January 2018, Employers Mutual Limited (EML) will be the sole scheme agent. Allianz and GIO will continue as transitional agents to manage their existing clients until 31 December 2018. However, if you are currently insured with CGU or QBE, your new agent will be EML […]
Impacts from the 2017 Budget
Budget 2017 Please note: All Budget announcements are only Government proposals – they are still required to pass through the senate. So, what happened on budget night? Impacts on you: The Medicare levy is proposed to increase from 2% to 2.5% from 1 July 2019. The Budget Repair Levy was not extended, therefore the top […]