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

Small Business Income Tax Offset

In the 2015-16 budget the government announced the introduction of an income tax offset for individual taxpayers with business income from an unincorporated (non-company) business that has an aggregated annual turnover of less than $2 million. This has been passed through parliament and is now law. This offset is designed to reduce the tax rate […] Read More