June 18th, 2008
You may be able to get a great tax deduction by taking out and prepaying a 1 year lease.
Buying a car or plant fior example you can claim a fair part of the purchase price before 30 June.
You need to ensure that the residual is acceptable by the Tax Office.
I wrote a post about this at a forum tonight and went back to add the comment about the redsidul being acceptable by the tax office but they had locked the forum. Remember with any general financial advice like you read in forums you are advised to seek a credible adviser before acting on any information.
Regards,
Glenn Wallace
Business Adviser
Chartered Accountant
CPA
Australian Registered Tax Agent
Superannuation
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June 17th, 2008
Yesterday I spoke at the Business Lift Off seminar about Year End Tax Planning ( my first presentation!) . There were six other speakers.
It was great. Room for improvement on my part but I was happy with how I went. When is the next one?
If you are reading this and you attended the seminar just send me an email and I will send you my powerpoint notes .
I mentioned how sad it was that the double tax deduction for laptops etc was gone afer the budget
On a happier note superannuation has become very attractive with the recent changes
Tax benefits putting money into super, tax benefits whilst its there and tax free after you start a pension and when it comes out (in most cases)
Also now super funds can borrow money and invest in property.
Regards,
Glenn Wallace
Business Adviser
Chartered Accountant
CPA
Australian Registered Tax Agent
Superannuation
Internet Adviser
Posted in Uncategorized | No Comments »
