Newsletter July 2015
Hello & welcome to another Tax Year!
Both our Nannup & Stirling offices will be open 6 days a week from July until the end of October. Please telephone or email to make your appointment or alternatively forward your documents to us.
Our contact details are listed below.
9349 3000 9756 1999
PO Box 1302, INNALOO 6918 PO Box 156, NANNUP 6275
Zone Rebate for FIFO to be Abolished
The zone rebate that applies to Taxpayers working in remote areas of Australia will no longer be available from July 1 2015 unless you are living & working in these areas.
Those Taxpayers that commute in & out of these remote areas & have a place of residence elsewhere are no longer eligible for the concessions including FIFO & DIDO workers.
$20,000 Deduction for Small Business
From 12th May 2015 small businesses with annual turnover of below $2million are eligible for an immediate write off for plant & equipment used for business purposes inlcuding tools & machinery, computers, laptops & motor vehicles.
Please note the ATO will be scrutinising any private use of these assets & log books will be required for motor vehicles that are not considered commercial & used predominately for business purposes.
Before completing BAS statements it is advisable to contact us to ensure correct labelling & completion.
If you are considering a home loan, investment loan or simply re-financing or consolidating debt then please contact our office for discussion & we will gladly arrange an appointment to meet with one of our trusted advisors at our Stirling office.