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Noe Vicca and Santo Santoro at VCA Office!
Pt 1 Small Business: The $10 million turnover threshold applies to most concessions, except for:
Pt 2: (Except for) the small business income tax offset, which has a $5 million turnover threshold
Pt 3: (Except for) the capital gains tax (CGT) concessions, which continue to have a $2 million turnover threshold
From 1 April 2017, the turnover threshold for fringe benefits tax #FBT concessions increased to $10 million
From July 1, 2016 income tax offset is 8% (to a limit of $1,000) for individuals that have an aggregated turnover of less than $5 million
#ASIC : Disqualifies Nathan Tinkler & Troy Palmer from managing companies for 3 & 4 years for serious failures in their duty as directors
#ASIC : Motor Finance Wizard signs enforceable undertaking & will implement a remediation program including $11m in refunds & write-offs
Reminder: July 1, 2017, Australia's #GST will apply to international sales of services and digital products to Australian consumer
A deduction pre-June 30 is available for accrued employee bonuses even though they are paid post June 30, 2017. More Info

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