GPG Business Advisory Blog

SMALL BUSINESS INSTANT ASSET WRITE OFF

SMALL BUSINESS INSTANT ASSET WRITE OFF

What does the Government announcement of the increased instant asset write off mean for the cash flow of your business? Let’s take a look at the summary of the concession and a practical example to explain the cash flow effect. Threshold Summary From 7.30pm 2 April 2019 (budget night) Small Businesses with turnover of less

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motor vehicle logbook

MOTOR VEHICLE LOGBOOKS

Generally speaking, if you estimate that you have a fair amount of business or work-related business use of a motor vehicle (say more than 30% as a rule of thumb), it will be in your best interest to keep a logbook to claim tax deductions for motor vehicle expenses (unless an exception applies as outlined

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