Luxury Car Tax (LCT) is a tax of 33% on any luxury car sold in Australia or imported into Australia greater than the LCT threshold. A car is considered to be a motor vehicle designed to carry less than 2 tonnes and 9 passengers, however, Limousines are included no matter how many passengers they carry. The threshold for the 2014/15...
It’s tax planning time! If you’re a small business owner you don’t want to have to pay more tax than you have to. The following tips will ensure you get the most bang for your buck come tax time. 1. Take advantage of the $20,000 immediate asset write off Unless you have had your head in the sand for the...
By Tracy Miller
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External CFO | News
If you’re a small business owner and have the goal of being successful and making money, then you absolutely need to be using an accounting software. Regardless of the structure, sole trader, company, partnership or trust, accounting software will greatly help you run your business. Accounting software has progressed in leaps and bounds in the past few years with fantastic...