Kandylas & Co in Sydney, Australia | Business service

Kandylas & Co

Locality: Sydney, Australia

Phone: +61 2 9577 8111

Address: Suite 6/18 Montgomery Street, Kogarah 2217 Sydney, NSW, Australia

Website: http://www.kandylas.com.au

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24.01.2022 "Hard work never killed anyone, but why take a chance".

12.01.2022 Buyers of NSW business assets could save around 3 - 4% of the total acquisition cost by delaying the exchange of contracts until after the long awaited abolition of stamp duty on business assets on 1 July 2016. The Office of State Revenue has a nice little note here on the Abolished Taxes and Duties page and Section 35 of the Duties Act 1997 (NSW) puts the situation plainly. As in previous years the abolition may be deferred again, compounding the motivational dead-zone for b...uyers to not exchange in the lead up. Currently stamp duty is payable within 3 months from the day contracts are signed.

11.01.2022 On behalf of Kandylas & Co we wish you and your family a HAPPY NEW YEAR and all the best in 2017

08.01.2022 "I am not evading tax in any way, shape or form. Of course, I am minimising my tax. Anybody in this country who does not minimise his tax wants his head read. I can tell you as a government that you are not spending it so well that we should be donating extra" - Kerry Packer

01.01.2022 What is the $20,000 tax break? Businesses with an annual turnover under $2 million can claim immediate tax deductions for as many sub-$20,000 purchases as they ...make between 7:30pm on budget night and June 30, 2017, rather than having to claim those purchases as deductions spread over several years. This is a huge increase from the current instant asset write-off threshold of $1,000. The Federal Government has allocated $1.75 billion to fund the scheme, which will run for the next two years. Who is eligible? The $20,000 tax break applies to businesses that can demonstrate ongoing activity via quarterly Business Activity Statements, Small Business Minister Bruce Billson said. The business must be actively trading to be eligible for the break. What's covered? "If you run a cafe, it might be new kitchen equipment, or new tables and chairs," Mr Hockey said in his budget night speech. "If you're a tradie, it might be new tools or a computer for the home office. Cars and vans, kitchens or machinery ... anything under $20,000 is immediately 100 per cent tax deductible from tonight." In other words, any asset involved in running a business is covered by the scheme.