Small business prepayments

Prepay Your Small Business Expenses and Save Tax

As a small business owner, you know the hard work that goes into building your business to create the lifestyle that you want. Every dollar you save on tax brings you one step closer to achieving your financial goals. Prepaying your business expenses can be an effective tax reduction strategy. In simple terms, it’s spendingRead more…

Small Business Tax Benefits

New Concessional Depreciation Rules If you’re earning less than a grouped $2m in your business you may benefit from the new concessional depreciation rules for small to medium businesses. On assets that cost less than $20,000 you can claim an immediate deduction provided you start to use, or install to use, the asset between 12Read more…