In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
As part of the 2023-2024 Budget it was announced that small businesses (turnover of less than $10 million) will be able to immediately deduct the full cost of eligible assets costing less than $20,000 installed ready for use between 1 July 2023 and 30 June 2024. Note this measure is not yet law.
Assets over $20,000 can continue to be added to the small business simplified depreciation pool and claimed at 15% in the first year and 30% in each subsequent year.
This confirms that the temporary full expensing will end on 30th June 2023 as legislated. Small business entities should keep this date in mind especially if they are looking to invest in assets over $20,000.
Contact your WDF team member if you would like to discuss how these changes may impact your business and cashflow planning. Phone 02
6921 5444 or email accountants@wdf.com.au
Associate
WDF Accounting and Advisory | Accountants Wagga | Your partners in business
In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
6 Powerful Reasons to Watch your Financial Reports
Making time to look over your financial reports each month is an important task for any business owner. We have 6 reasons why we recommend you should start. Read More…
Are you meeting your SMSF Governance Requirements?
Opting for a self-managed superannuation fund (SMSF) may give you more control over your investment strategy and allow you to be more agile as a fund in the market Read More…