Category «Small Business»

Pay Day Super

Download PDF       Now is the time to start preparing for Pay Day Super, especially if you are using the ATO clearing house.  The penalties and administration for being late are just not worth it! ATO Clearing House Closing       The ATO clearing house closes on 30th June 2026 but you need to act now!  …

Victorian Land Tax Grab – Far Reaching Ramification of Reducing the Threshold to just $50,000

Download PDF       Victoria appears to be looking to solve its state debt with land tax.  Last year saw the vacancy tax extended to most of the state, except for Alpine resorts https://www.bantacs.com.au/Jblog/victorias-latest-vacancy-tax/#more-1701       There was also the dropping of the land tax threshold from $300,000 for the 2023 year to $50,000 for 2024 and …

The 2024 Energy Efficiency 20% Bonus Tax Deduction

Download PDF       If a small business has installed, ready for use, energy efficient plant and equipment during the 2023-2024 financial year, they can generally claim 120% of the purchase price as a tax deduction.              Due to the LNP and the Greens delaying the passage of the legislation through the Senate it became …