Tax time is just around the corner - are you ready for 30 June?

With so many different government initiatives during COVID, small businesses need to understand what to do in preparation for the End of Financial Year. Planning ahead is key, as you may be required to submit additional information and paperwork when lodging this year’s tax return.

There were changes to the Instant Asset Write-off in the last financial year and these changes have been extended to the current financial year. We’ve provided some examples of tax-deductible items and a list of tips to help you make the most of the IAWO.

There’s a new wave of renter in town – ‘rentvestors’! You can own an investment property while renting a place where you live. Discover why this trend is becoming increasingly more popular.

We’re becoming a cashless society quicker than ever and this was accelerated by the increase of online spending during COVID. While this trend is set to continue, it pays to be diligent when it comes to checking your accounts for any mistaken or unauthorised transactions.

And finally, there is more to the humble banana than just smoothies and banana bread – learn more here.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on 02 6260 4994 or email marketing@gillespiegroup.com.au.

Kind regards,

Gillespie & Co

Avoid the rush: Prepare your business for June 30

It’s been a trying year for business owners, with a lot to process before the end of the financial year. Read more >>

What you need to know to claim the Instant Asset Write-Off

One of the best tax breaks for many businesses is the instant asset write-off, which offers a means to acquire capital assets and obtain an immediate tax deduction. Read more >>

Join the rentvestors living the best of two worlds

There is a way to enjoy the lifestyle your favourite suburb provides and still get on the property market. It’s called ‘rentvesting’ - owning an investment property while renting where you live. Read more >>

Unauthorised and mistaken transactions

What to do when you find something wrong on your statement. Read more >>

25 Powerful Reasons to Eat Bananas

You'll never look at the humble banana the same way again after discovering the many health benefits and reasons to add them to your diet. Read more >>

The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us.

Postal Address PO Box 244 Woden ACT 2606 Physical Address Level 2 10 Corinna Street Phillip ACT 2606
02 6260 4994

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