Whats new in 2025?
$20,000 write off provision - Small businesses may be able to immediately deduct the cost of eligible assets costing under $20,000 that are used or installed ready for use between 1 July 2024 until 30 June 2025 . This measure is now law. Learn more here: Small Business Support – $20,000 instant asset write-off | Australian Taxation Office
The company tax rate is now at it's lowest at 25%.
STP finalisations are to be done by 14/07/2025.
Please refer to the ATO website for a more extensive list of the changes this tax year:
Key changes for companies | Australian Taxation Office (ato.gov.au)
The good news for you is that I continue to be focused on keeping up to date with the ever changing taxation landscape whilst getting the best results possible for you.
To ensure that your tax refund is not denied or reduced by the ATO, I strongly recommend that you give attention to the documentation requirements concerning the claims that you are likely to make in the 2025 income year. This means ensuring that you have your receipts or other substantiating documents on hand to justify your claims.
I continue to strive to make my service exceptional – so contact me to book either your: in-home, telephone, email or drop-and-go tax appointment at your earliest convenience. I look forward to hearing from you soon.
$20,000 write off provision - Small businesses may be able to immediately deduct the cost of eligible assets costing under $20,000 that are used or installed ready for use between 1 July 2024 until 30 June 2025 . This measure is now law. Learn more here: Small Business Support – $20,000 instant asset write-off | Australian Taxation Office
The company tax rate is now at it's lowest at 25%.
STP finalisations are to be done by 14/07/2025.
Please refer to the ATO website for a more extensive list of the changes this tax year:
Key changes for companies | Australian Taxation Office (ato.gov.au)
The good news for you is that I continue to be focused on keeping up to date with the ever changing taxation landscape whilst getting the best results possible for you.
To ensure that your tax refund is not denied or reduced by the ATO, I strongly recommend that you give attention to the documentation requirements concerning the claims that you are likely to make in the 2025 income year. This means ensuring that you have your receipts or other substantiating documents on hand to justify your claims.
I continue to strive to make my service exceptional – so contact me to book either your: in-home, telephone, email or drop-and-go tax appointment at your earliest convenience. I look forward to hearing from you soon.
Liability Limited By A Scheme Approved Under Professional Standards Legislation
Liability Limited By A Scheme Approved Under Professional Standards Legislation