Asset Protection Strategy #1
By Chris Burnett When clients are buying new assets often their first instinct is to just use an existing entity or structure within their group as a way to save on setup costs and/or maintenance costs associated with a new entity or structure. Sometimes we inherit clients from previous accounting firms that have invested millions […]
Read more >Tax Audit Insurance
By Chris Burnett The recent federal government budget provided the ATO $1 billion over four years from 2019-20 to extend their compliance and audit activity. This unprecedented funding coupled with advances in technology and reporting obligations has provided the ATO with more information and data matching capabilities than ever before. They now have the ability […]
Read more >Changes to the small business instant asset write-off
The recently passed Bill also increased the write-off threshold from $20,000 to $25,000 – which took effect retrospectively from 29 January 2019.
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