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Liverpool NSW 2170

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Hire Purchase Agreements

New rules planned for Hire Purchase Agreements Small businesses registered for GST can currently claim GST credits on the finance of assets for business purposes in the following situations: If you purchase the asset through a Chattel Mortgage, you can claim the whole of your GST credits at the time of the first payment, whether

Budget Changes in 2012

Budget Changes Affect Small Businesses The recent budget handed down by the Government included several changes that will affect small businesses. Each change is outlined below. Changes to the Medical Expenses Tax Offset Currently, the medical expenses tax offset (NMETO) is available where net medical expenses exceed $2,060 for the 2011–12 income year. From 1

Time Saving Strategies

Trying to juggle too many things at once? Never seem to get any task finished? Multitasking might be the problem. Try timing yourself as you write the numbers 1-26 and letters a-z down, but write one number then one letter – 1 a 2 b 3 c… Once that is done, time yourself writing the

2011-2012 Budget Summary

The Government announced a number of measures in the 2011-2012 budget that will impact SMEs and their employees. An outline of these is provided below. It is, however, important to note they have not yet been passed into law and are subject to change. Minimum pensions During the global financial crisis the government reduced the

Super Co-Contributions & Concessional Contributions

With the 2011 end of financial year just about wrapped up, we would like to inform you about your super co-contribution and concessional contributions for which you may be eligible. Super Co-contribution You could be eligible to receive up to $1,000 from the government just by adding some extra money to your superannuation.You can also

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