Four key changes in last night's 2019 Budget

Four key changes were announced in last night's budget as follows: Low and Middle Income Tax Offset If your income is less than $37,000 you will receive a tax offset of $445. If it is between this and $66,667 it will be a portion of the offset until $66,667 when you are not entitled to it at all. Extended $20,000 immediate tax write off Small businesses (less than $10m turnover) can continue to fully depreciate assets purchased for less than $20,000 until 3 June 2019. Deductions denied for vacant land You can not claim any expenses (such as interest) on vacant land. It becomes part of the cost base, until building construction has commenced. ATO increased audit activity The gove

Tax Planning - the time is NOW!

Once again, we’re into the final quarter of the financial year and it’s time for Tax Planning! By engaging in Business Tax Planning, you can ensure that maximum deductions and write-offs are identified and together, we can minimise the amount of tax owed. In order to make educated decisions about your business. Please call Deb, our friendly receptionist on 9773 3647, if you haven’t already booked your Proactive Business Tax Planning meeting, in preparation for the completion of the current financial year.

On the Couch with M & M Business Leadership

Click on the link below to watch Vanessa and Stacey's episode of On the Couch with Manos and Maria, business entrepreneurs. Vanessa and Stacey discuss Tax Planning, the importance of this for your business and being proactive with your taxes to save you money. The team at Miranda Accounting Services believe strongly in client relationships and trust with their clients. Be sure to watch this episode to hear further accounting tips from Vanessa and Stacey. On the Couch with M & M Business Leadership: Miranda Accounting Services

03 97733647

Unit 8 / 263-271 Wells Road Chelsea Heights VIC Australia 3196

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