What you need to know about the “Instant Asset Write-Off Scheme”
The Instant Asset Write-Off scheme allows eligible businesses to immediately deduct the cost of certain assets, rather than depreciating them over several years.
This can really reduce your taxable income for the financial year in which the *stuff* was purchased.
Need that stuffed crocodile for your business? Now might be a good time to buy it.
Why reducing your tax payments isn’t always the best idea.
No one wants to line the pockets of the Australian Taxation Office, paying taxes feels like giving money away for nothing. You work hard, and keeping your profits in your own pocket is the dream. Here’s why reducing your tax payments isn’t always the best way forward for your business.
Xero or Zero - why we only work with Xero and you should too
Similar to how Elon Musk reinvented the game when he engineered the Tesla from scratch, Xero built their platform from the ground up, reinventing the way we do accounting.