Understanding your Small Business Asset Deduction – Tax Return Bankstown
It is almost End of Financial Year and time to start thinking about your Tax Return. There are a lot of factors that Small Businesses will need to consider this Tax Season, and at Mas Tax Bankstown, we can assist you to process and lodge your business return. Providing tax services to the Bankstown, Chullora and surrounding areas, we can help you to meet all of your Small Business tax return obligations.
At Mas Tax Bankstown, we are committed to delivering premium services to all of our clients, and ensuring that you receive the proper advice. We achieve this by taking the time to understand your business’ situation and completing a full tax-related evaluation. We consider more than just the average tax items and take a broad perspective. Having dedicated countless hours to analysing current tax laws and accounting practices, you can trust that our knowledge and skills are up-to-date.
If you are a Small Business Owner, you may be able to benefit from the Government’s initiative to allow small businesses to deduct assets that cost less than $20,000. To ensure that you can receive your entitled claims, remember to keep all of your business-related receipts. If you are unsure if a certain asset purchase can be claimed on your business tax return, keep the receipt any way and we can discuss it at your appointment. Additionally, if your Small Business generates an aggregated turnover of less than $2 million, we can use our expert evaluation to determine if you are eligible to receive other tax concessions. This can help you to maximise your refund and have bit of extra money to put back into growing your business.
For further information or to make an appointment about your tax, please contact us below or call us on 1300 627 829
