A few “To Do” actions before 30 June 2017

5 weeks to go! Here are a few helpful tips for businesses and individuals to complete prior to the End of Financial Year (EOFY). For Businesses Update tax planning so you are aware of your tax position – so in turn you can take action to minimise tax if required. See your GTP accountant. Great […] Read More

$20,000 Asset Write Off extended to 30th June 2018

The threshold for the special immediate write off for tax purposes for assets costing less than $20,000 net of GST was to be reduced to just $1,000 from 1st July 2017. In the last couple of years, this has been available for all businesses with a turnover of less than $2m. However, this turnover threshold […] Read More

Possible 2016 Federal Budget changes you might want to pre-plan for

My take on what might be in the 2016 Federal Budget – and what to do about it! (Matt, Kerry and I spent 3 full on days at the SMSF Association Conference in Adelaide finishing with a great presentation by Todd Sampson about the power of your ‘ordinary brain’ and what can be done with […] Read More