1. Small business skills and training boosts
This was released in March earlier this year, where you make an investment in training, or in your employees. There’s some eligibility criteria that’s not being taken off the table, not that we can see. And draft legislation is also under consultation right now which is great news because some people acted on that back in 30th of June ‘22 as part of some of your tax planning strategies as well.
2. Self education expenses.
This is more for individuals, but if you incurred any expenses to educate yourself in relation to the job or the work that you do, you can claim a deduction.
Previously, they would reduce the course or the self education expense by $250, they’re trying to get rid of that which is still in place.
If you’re keen to explore changing accountants, we have a non-obligation process to do that. The first step is booking a strategy call with one of our accounting team. It’s a free 20-minute zoom or phone call where you get to meet us to manage your questions.
From that point, you can consider doing a “Look Under The Hood” with us. There is no obligation to change accountants, but we give you a second opinion if you’re paying too much tax.
Throughout that process, we can identify any problems we see with your current setup. Anything that your current accountant hasn’t claimed, or tax you may have overpaid, and strategies of how we might fix that going forward. We can run through with you once you book with us.
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