Search
  • Terry Knight

Ready for Tax 2015!


Another year almost over, and once again it is time to review and see what tax time brings.

Budget night this year brought with it a few positives for small business including:​​

* Immediate write off business assets that cost less than $20,000.00, this is effective from Budget night 12th May 2015 until 30th June 2017.

*A reduction in the company tax rate for small business enterprises from 30% to 28.5% commencing from 1st July 2015.

* A tax rebate from other small business enterprises (Sole trader, Partnerships, Trusts) of 5% also commencing from 1st July 2015. ​

The ATO, now more than ever, is looking at claims made in regards to work related expenses, rental property deductions and data matching information for individual tax returns.


7 views0 comments

Recent Posts

See All

2018 ATO Audit Targets

Some important things to note for the 2018 Tax season: The ATO have been given an extra $130.8 Million boost to increase compliance activity and will be targeting individual tax payers claiming work r

Contact Us

Toowoomba Office

Suite 3, 4 Mylne Street, Toowoomba Qld 4350

PO Box 9210, Wilsonton Qld 4350

Warwick Office (Wednesday)

151a Palmerin Street, Warwick

Phone: 07 4580 4777

Fax: 07 4580 4770

Click here to email us

Follow Us
  • Facebook Clean
  • White LinkedIn Icon

© 2015 Maximum Accounting Solutions Pty Ltd