Tax concessions for small business


Reminder: Tax concessions for small business

All small business clients have access to a range of tax concessions.

Some of the concessions available are:

  • Instant write-off for assets costing less than $20,000 each

  • Immediate deduction of professional expenses for small business start-ups

  • Tax discount of 5% up to $1,000 for unincorporated small businesses

  • 1.5% small business company tax cut

  • No fringe benefits tax for providing multiple electronic devices to employees

  • No income tax liability for asset roll-overs when a small business is restructured

  • Accelerated depreciation for primary producers.

If you have any questions or would like to make an appointment to discuss your circumstances please do not hesitate to contact Carolyn Peters.

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