Southside Taxation & Financial Services in Liverpool, New South Wales | Accountant

Southside Taxation & Financial Services

Locality: Liverpool, New South Wales

Phone: +61 2 9821 4717

Address: 220 northumberland street 2170 Liverpool, NSW, Australia

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

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• Business service
• Tax preparation service
• Accountant
• Business consultant

01.01.2022 (02) 9821 4717 Tax concessions for small business If your business has less than $2 million turnover here are some tax concessions available to you:... instant write-off for assets costing less than $20,000 each immediate deduction of professional expenses for small business start-ups tax discount of 5% up to $1,000 for unincorporated small businesses 1.5% small business company tax cut no fringe benefits tax for providing multiple electronic devices to employees no income tax liability for asset roll-overs when a small business is restructured accelerated depreciation for primary producers. To qualify for the first six concessions businesses must have a total turnover of less than $2 million for the year they use the concession or the year before that. Heading towards tax season, we will highlight key information about these recent concessions. Stay up to date to find out which concessions you are eligible for and when they start.