Autumn 2009

A landscaping business entered into a binding contract to acquire a new backhoe on 20 May 2009 at an all inclusive cost of $60,000.

The backhoe is delivered and ready for use on 20 June 2009 and has an effective life of 9 years.

The business will be entitled to claim the 30 per cent deduction because :[Read more …]

A new finance broker association is about to launch itself in Australia.

The Australian Institute of Professional Brokers

(AIPB) was launched at a function in Melbourne recently. Whilst still in its early stages, the AIPB has received enormous encouragement from all segments of the broking industry, from Residential Home Loan broker, Commercial Finance[Read more …]

Detailed Information
Small businesses will be able to claim a bonus deduction of 30 per cent for eligible assets costing $1,000 or more that they :

• acquire or start to hold under a contract entered into between 12:01am AEDT 13 December 2008 and the end of June 2009, or start to construct between these times; and

[Read more …]

On the 3rd of February the Federal government released a ‘stimulus package’ designed to re-invigorate a slowing economy in Australia. Caught up in the Global Financial Crisis (GFC), Australia like other countries is looking at ways in which to stave off the worst of the global downturn.[Read more …]

Welcome to 2009, I trust everyone had a safe and happy festive season and are now ready to face the challenges that this year is expected to bring. 2009 already shapes up as an historical year and it has only just stated. The first black president sworn-in in America, Obamamania sweeping across the world and a new acronym GFC standing for Global Financial Crisis has entered everyday language.[Read more …]