Check whether you are eligible for the following income tax concessions, simplified trading stock rules, simplified depreciation rules, immediate deductions for prepaid expenses and a two-year amendment period.
You can generally pool your assets to make depreciation calculations easier. You can find more information about the recent changes to small business concessions here. New legislation applies from 1 January 2014 that reduces the instant asset write-off threshold to $1,000 and removes the special depreciation rules for motor vehicles.
Small business concession case studies
Case studies to help small business owners understand and apply the recent legislative changes to small business concessions