Tax deductions & succession planning
1 July 2015
Although a very welcome announcement from the last federal budget, the $20,000 immediate asset write-off sparked a lot of questions about its implementation and eligibility requirements. We answer all your pressing enquiries.
Also covered are tax deductions that are generally not allowed, claims you may be able ot make if you are lucky enough to own a holiday house and a guide to taking out insurance through your SMSF.
We also look at the essentials of succession planning and profile the new role proposed for the smaller business sector, the Australian Small Business and Family Enterprise Ombudsman.
Please contact us on 03 9328 4722 for clarification, or further advice, regarding any of the topics covered in this newsletter.
All information provided in this newsletter is of a general nature only and is not personal, financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.