Instant asset write off thresholds
Using the simplified depreciation rules, assets costing less than the relevant instant asset write-off threshold are written off in the year they are first used, or installed ready-for-use. This threshold applies to each asset irrespective of whether the asset is purchased new or second-hand.
There’s 3 significant dates to get your head around this financial year.
What do I need to include on my invoices?
Confused about what to have or add on your tax invoices to clients?
Champion your clients cyber security
When it comes to security, best-of-breed mandates are there to help protect us all. Xero recently let every accountant and bookkeeper across Australia know that Xero will start making two-step authentication (2SA) compulsory for all our small business customers. Today, the opt-in period began for subscribers and Payroll administrators across Australia and will be mandatory by September 11. By the end of this year, every customer with access to Xero in Australia will be required to take up 2SA – and we’ll let you know as it becomes mandatory across different groups.
Key aspects of a Partnership Structure
Partnership - pros and cons of using this structure. This information is to be used as a guide only, for specific advice relevant to your business and circumstance contact Cloudhouse or your trusted advisor.