Month: June 2019

How Should I Structure My Business?

When starting a business, many people are confused as to how to structure their business and will rely on advice provided by an accountant. There are several business structures, each with their own pros and cons. The structure of a business can impact the value of the business if selling, reduce the tax impact, and […]
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What is the Instant Asset Write-Off?

The government has recently announced an increase to the Instant Asset Write Off, increasing the threshold to $30,000.00. This applies to assets ‘first used or installed, ready to use’ between 3rd April and 30th June, 2019. Typically any asset purchased for a business is able to be depreciated over a defined time period, depending upon […]
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Should I Buy or Lease my Next Car?

A vehicle generally sits behind a property in terms of the largest purchase we are likely to make. Therefore it is important to make sure we get the financing right! There are several options we have when buying a vehicle, each with their own pros and cons. They are as follows: Chattel Mortgage This is […]
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