Newsflash

To all our clients: please feel free to register an account for our website! Bookmark this page, as we update the site regularly, with important information and announcements.

 

Login Form






Lost Password?
No account yet? Register
Home
New Website

If you are viewing this page, please click here  to be re-directed to our new website.

 new website

Read more...
 
Federal Budget 2015

In response to a number of inquiries made by our clients recently about the 2015 Budget, and in particular, the accelerated depreciation for assets up to $20,000, we have provided a brief overview of some of the proposed change and how this might affect our clients.

 ACCELERATED DEPRECIATION

"All small businesses will get an immediate tax deduction for any individual assets they buy costing less than $20,000. (Currently, the threshold sits at $1,000).

This $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish. These arrangements start from Budget night and continue until the end of June 2017."

In other words, if you purchased a truck for $19,000 on 20th June 2015, you would be able to claim depreciation of $19,000 in total for that truck, in the 2015 financial year. If you run your business through a company, the tax you would save would be $5,700 (at the current company tax rate of 30%), i.e. 30% x $19,000

Please note, the accelerated depreciation does not mean that you will save or get a refund of $19,000. 

It is also important to note, that even without accelerated depreciation, your overall tax saving would still be the same ($5,700) but it would be spread out over the useful life of the truck. 

The purpose of the accelerated depreciation is to help businesses with their cash flow NOW, so they can use that cash in the business, rather than benefit from the depreciation over a number of years.

More information about the Accelerated depreciation can be found here.

 

 

 
Sending Documents by phone
Watch how to send your documents to us using only your mobile phone
Read more...
 
Office Locations

In May 2010, we relocated to a new office location in St Leonards, NSW. The office address is Suite 12, Level 3, 30 Atchison Street, St Leonards NSW 2065.

This office is the primary location for our business, and where most of our Sydney clients will be seeing Joel, Samuel or Dorin Bentley. We still maintain office locations in Bondi Junction and Kariong, where clients can make appointments to see Joel or Sam.

Please be advised that with the opening of this office location, we have changed our Postal address for all correspondence to PO Box 570, St Leonards NSW 1590. 

Read more...
 
Register today!

To all our clients: please feel free to register an account for our website! Bookmark this page, as we update the site regularly, with important information and announcements.

 

S. & J. B. Pty Limited (c) 2009