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$20,000 instant asset write-off

If you buy an asset by 30 June and it costs less than $20,000, you can write off the business portion in your 2018 tax return. You are eligible to use simplified depreciation rules and claim an immediate deduction for the business portion of each asset (new or second...

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End Of Financial Year Tips

With the end of the financial year looming, its time to review your financial position before June 30 arrives. As we're rapidly approaching the end of the financial year there may be several items on your tax to do list before 30 June 2018.  These may include...

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Not just Banks lend to Businesses

As a general rule, when a large bank is looking at a deal relating to Equipment Finance, the following conditions need to be met before a finance approval can be issued; Business established for 2 years Accountant prepared financial statements for the last 2 financial...

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Why debt can be a good thing

Understanding good debt The old adage of ‘you need money to make money’ rings particularly true when securing funds tostart or grow your own business. Expanding a business often involves going into debt, but it’s important to acknowledge there are two types of debt:...

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