Hunter Partners are Accountants Tax Agents and Financial Planners

Government extends the instant asset write-off again. This extension of the instant asset write-off for a further year is great news for small businesses who may be planning to purchase assets for use in their business in the near future.

Government to provide flexibility for company losses. The government plans to give companies greater access to prior year tax losses in a bid to stimulate business innovation.

Insolvent trading, know about the new safe harbour defence. Insolvent trading. If you’re a company director you know only too well that those two words are bad news.

Tax debts may be released by ATO to credit agencies. Tax debts could soon affect the credit scores of businesses, with the government’s introduction of draft legislation to allow ATO to share debt details of businesses to credit rating agencies.

Company tax rate. Recent media coverage has been devoted not only to whether or not passive investment companies are eligible for the reduced company tax rate of 27.5%, but also to the consequent loss in value (2.5%) of franking credits by the shareholders of small incorporated businesses that qualify for the tax rate reduction.