It has been several months since the government released their 2016-17 budget and there has been plenty of debate on the proposed budget measures.
It has always been common practise for men to claim their briefcase as a tax deduction, So why is it that Women cannot claim their handbags? After all, Working Women are just as likely to carry their iPad’s, documents, and other work related items in their handbag as Men are in their Briefcases
Balustrade Installations is a locally run and family owned business which specializes in aluminum custom designed & engineered products.
Newcastle Amusements Distributing (NAD) is a third generation family business which has operated amusement equipment in Newcastle and the Hunter Valley since 1956 and currently owned and operated by Mark Paton. If you have lived in Newcastle for a while then chances are you would have played on one of their Pool Tables, Pinball Machines or listened to a Jukebox Machine – that they have distributed throughout the region.
In a shock for financial markets which had been increasingly confident that Britain would vote to Remain in the European Union, a victory for the Leave outcome by 52% to 48% triggered an abrupt bout of “risk off” in financial markets late last week. I suspect it was probably also a shock to many Brits themselves some of whom seem to be going through a bit of Bregret (thinking they were just delivering a protest vote against the establishment and assumed that Remain would win anyway). Of course, it wasn’t a good week for Europe either. This note tries to put it all in perspective.
From 1 July 2016 new Rules apply that allow small businesses to restructure their business operations without triggering adverse tax implications.
The Fringe Benefits Tax (FBT) rate is currently 49%. The rate increased from 47% on 1 April 2015 in conjunction with the introduction of the 2% debt tax on high-income earners (Temporary Budget Repair Levy). The FBT year that is just ending is the first year at the higher tax rate – which means if you have an FBT liability, you will pay more tax.
Come along to our free seminar, we will be hosting our latest event in Port Macquarie, see invitation for more details, or contact our office
Clients these days are generally less concerned in growing businesses. They are more concerned with creating value to the public which can then be sold. The wrong structure will limit your ability to sell your business interests and may have a dramatic and detrimental impact on the amount of tax you pay on the sale proceeds.
Buying Christmas gifts using your credit card is convenient, but you can rack up big interest charges. However, with loads of 0% credit card offers in the market right now, Christmas on credit could actually make sense – provided you choose the right card.