Tax deductions Small business $20,000

TAX time! Deduct backyard cabin costing less than $20,000

If you are a Small Business owner or would like to work from the comfort of your own home, there is an Australian Government incentive allowing you to reduce tax. This simplified tax write-off scheme enable small businesses to write off each asset costing less than $20,000 instantly. If your company has a turnover of less than $10 million and your asset was purchased and used or installed and ready to use for business in the Financial Year 18/19, speak to your registered Taxation Accountant about this Tax benefit you could use for a number things you’ve been planning to purchase. Continue reading TAX time! Deduct backyard cabin costing less than $20,000

$20,000 off tax deadline June 2018

Claim $20,000 for each asset, deadline: 30 June 2018

Find current law of instant write-off scheme here: www.yzykithomes.com.au/news/tax-time-deduct-backyard-cabins-costing-less-20000/

Update #1: 2 July 2018

In the latest Federal Budget, there was a proposal to extend the $20,000 instant asset write-off threshold to 30 June 2019. This change is not law yet.

A simplified tax $20,000 write-off scheme for small businesses extends now and applies until 30 June 2018. It is the last chance to benefit from the system as the $20,000 threshold applied from 12 May 2015 will reduce to $1,000 from 1 July 2018.  Continue reading Claim $20,000 for each asset, deadline: 30 June 2018

Easter Backyard Cabins sale March 2018

Easter Sale all March: Factory Offers up to $5,000

Easter sale is on now! We have Factory offers of up to $5,000 off all YZY cabins range. The offer is valid for new orders placed during the month of March 2018. Please contact your nearest cabin supplier and builder for details. Continue reading Easter Sale all March: Factory Offers up to $5,000