February 2013

Out of the Ordinary

We’ve been busy at the office this week as it’s month end and the December BAS/IAS is due for most clients tomorrow. The extended payment and lodgment due date for the December BAS always gives a holiday mode feeling but can cause havoc for cashflow. What really ends up happening is two BAS payments occurContinue reading “Out of the Ordinary”

Buying a car?

Today I have another good news post for those who are a small business entity (SBE)and thinking about buying a new or used car. If you fit this criteria then you will be happy to learn that from July 1st 2012 (this financial year we are in now) the first $5,000 of the vehicle will beContinue reading “Buying a car?”

$6,500 Write Off

It’s a quick post today but a really great one. I wanted to remind everyone about the $6,500 write off which is available for the current 2012/13 financial year. In very basic terms if: 1. You are a Small Business Entity and 2. You buy an asset costing less than $6,500 then you canContinue reading “$6,500 Write Off”

Natural Disaster

I hope you are all safe and well after enduring the weather over the last couple of weeks. To think that I was whinging about the heat a couple of weeks ago and a few days later there was serious flooding all over Queensland – it was crazy! The ATO take an understanding approach toContinue reading “Natural Disaster”