Tax Returns Central Coast – provides the following information as a service to their clients.
Out tax tips information is general in nature and for further details specific to your situation please contact our office on 02 4360 2836
Accelerated depreciation is available for new equipment provided the new equipment costs less than $20,000. The window of opportunity is from 12 May 2015 to 30 June 2015.
Tax cuts for small business will be effective from 1 July 2015:
1.5% for small companies and 5% for unincorporated small businesses.
Immediate deduction for professional expenses on commencing a new business; for example professional, legal and accounting advise.
Providing your tax accountant with accurate figures for turnover and business return deductions will save you money.
Business vehicle claims are an effective way to legally reduce your tax liability. The log book method is a very good way to achieve this. A log book is required to be recorded for a twelve week period. Once the log book is in place it is effective for five years or until the vehicle is replaced.
Effective record keeping and the retention of primary source documents such as bank records, invoices, receipts etc. for a period of five and a half years is essential to protect clients in the event of a Tax Office audit.
Central Coast small business clients can be assured that Tax Returns Central Coast-located at Killcare NSW- will provide you with a cost effective service that will result in the best possible tax outcome each year.
Tax Returns Central Coast take great pride in being small business specialists for the Central Coast.