Taking advantage of EOFY purchases can help your business reduce old stock and invest in new assets, modernise your infrastructure and remain competitive without incurring significant upfront costs.
In this guide, we are going to share numerous tips by optimising your tax position and understanding deductible expenses to utilising government incentives.
In Australia, the end of the fiscal year (EOFY) is a critical time for individuals and businesses to assess their finances and make financial decisions in order to maximise their tax deductions. This requires careful planning and consideration of eligible expenses. Work-related expenses, charitable donations, and investments in depreciable assets are examples of such claimable … Read more
It’s nearing the end of financial year 2023. Here are the work from home tax time changes you need to know.
The Australian Government has announced several new tax changes that could impact your small to medium enterprise (SME) for 2021. With the end of the financial year fast approaching, here are the main changes that your SME might need to consider. The main changes that might impact you 1. New Online services for businessesOnline services … Read more
The Australian Government has announced several new working from home tax developments that could impact you in 2022.
On March 12th, 2020 big changes to the Instant Asset Write Off were announced. Initially the 2019/20 financial year saw the threshold amount for each asset sitting at $30,000, however for the period between March 12, 2020 – June 30, 2020 that threshold has been lifted to $150,000 for each asset, with eligibility expanded to … Read more
In exciting news for Australian small-medium businesses, this year’s budget included a boost to the instant asset write-off. The 2019/20 financial year sees the threshold increasing to $30,000. As an added incentive the eligibility criteria has been extended to include businesses with an annual revenue of up to $50m (previously capped at $10m) which means … Read more
COS is Australia’s largest privately owned and operated office products supplier, offering a next day delivery service to over 250,000 customers across Australia.
COS acknowledges the Traditional Owners of Country throughout Australia.
We pay our respects to Elders past and present.
We acknowledge and respect the traditions as well as customs practised both present and before our time.
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