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Welcome to the new financial year! We will continue to bring you our Business & Tax Update on a monthly basis and hope you enjoy reading it. As always, if you have ay queries or feedback please contact our office, we love to hear from you! Our July update provides some interesting reading:

  • In case you missed all the hype we list some of the changes that took effect on 1 July 2017
  • Generational succession... Do your kids really want to take over your business? Are the next generation willing or capable of carrying on? We look at some of the issues that need to be realistically assessed before this commitment is undertaken
  • New rules for GST on imports under $1,000
  • The ATO's top 11 deductions that will be up for scrutiny this year
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