Here are 5 important dates you should schedule into your calendar!
You have probably heard about the 2019-2022 budget update this week. Get a pen ready, there may be some good news for your business!
2 April 2019
Hold onto those receipts. Business owners who earn less than $50 million can claim back the business portion of tax on assets under $30,000. Eligible purchases may include new or second-hand items such as printers, work vehicle or tools until 30 June 2020.
1 July 2019
Sole traders will be eligible for an immediate cash return of up to $1080 when they file this year's tax return.
1 July 2020
Taking an apprentice under your wing? You will receive $1000 from the government if your apprentice stays for 12 months and another $1000 at the completion of their training. Valid until 2024.
1 July 2021
ABN holders with an income tax return obligation will be required to lodge their return.
1 July 2022
ABN holders will be required to confirm the accuracy of their details annually on the Australian Business Register. Don't worry we will bring you up to speed a little closer to the date.
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