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Purchasing a Business in Newcastle

By on January 6, 2023 in Hints & Tips, Interesting Articles

  When purchasing a business in Newcastle, Australia, it is vital to gather all relevant information from the vendor to make an informed decision.   Information Required from the Vendor (Seller) Here is a list of information you should request from the vendor: Latest 3 Years Financial Statements: These should include the profit and loss […]

Income tax concessions

By on June 26, 2015 in Australian Tax Office Updates
There are four income tax concessions. Simplified depreciation rules In the 2015 Budget, the Government announced its intention to allow small businesses with an aggregate turnover of less than $2 million to immediately deduct assets they start to use or install ready for use, provided the asset costs less than $20,000. The small business simplified depreciation [...]