Contact information

T:
(07) 56070695
F:
(07) 56070694
M:
0421665620
E:
Send an email

Address

Level 1, Big B Arcade
50 James Street
BURLEIGH HEADS, QLD
Australia
4220 Get vCard

Opening hours

Monday - Friday
9:00am-5:00pm

Times are flexible when required

  • Instant Asset Write Off

    27 May at 11:52 from atlas

    Instant asset write-off

    Assets costing less than $6,500 and purchased by small businesses between 1 July 2013 and 31 December 2013 are eligible to be written off immediately. However government has announced that from 1 January 2014 this threshold has been lowered to $1,000. Any asset purchased from 1 January 2014 can only be immediately written off if less than $1,000.

    Accelerated initial deduction for motor vehicles

    Similarly, there is a provision in place where, if a vehicle was purchased in the 2012/2013 year, an immediate deduction of $5,000 was allowable with the remaining amount to be depreciated in a general small business pool. If a motor vehicle was purchased between 1 July 2013 and 31 December 2013, the immediate deduction of $5,000 is still allowable. However this deduction has now been removed, as from 1 January 2014.  Any motor vehicle purchased after 1 January 2014 will be added to the general small business pool without an immediate deduction.

    Info only, please seek advice about your specific circumstances