2013 election commitments
As part of its 2013 election commitments the Abbott Government announced the following changes (effective from 1 January 2014);
– The instant asset write off threshold has reduced from $6,500 to $1,000 for assets acquired and installed ready for use after 31 December 2013.
– Assets costing $1,000 or more will need to be depreciated in the general small business pool (at a rate of 15% in the first year and 30% thereafter)
– The $5,000 accelerated initial deduction for Motor Vehicles (costing more than $6,500) has been repealed
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Bottrell Business Consultants Pty Ltd – Chartered Accountants and Business Advisors.
The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
Our group of businesses & links include the following companies (& our websites);-
- Bottrell Accounting & Taxation – Visit out website
- Bottrel Business Consultants Pty Ltd – Visit our website
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- East Maitland Accounting Services – Visit our website
- Mobile Bookkeeping & Recruitment – Visit our website
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