Eligibility for the Instant Asset Write Off (IAWO) has changed over time and in recent changes has been extended to 30 June 2021. IAWO is available for eligible entities with an aggregated turnover threshold of up to $500 million. It allows businesses an immediate tax deduction for capital assets acquired. IAWO has been further extended […]
The ATO provides tax incentives for early stage investors, sometimes referred to as ‘angel investors’, that invest in start up companies. These incentives include a non-refundable tax offset of 20% of the amount invested and the disregarding of certain capital gains made on the investment. For an investor to be entitled to the tax incentives, […]
The Pay As You Go (PAYG) instalments system is a program where regular payments are made to prepay tax on expected annual income tax liability on business or investment income. It only applies if you earn income over a certain amount. PAYG instalments are based on tax payable as per your previous year’s tax return […]
Francis A Jones
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