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March Tax News

Changes to the small business instant asset write-off On 29 January 2019, the Prime Minister announced that legislation will be introduced to: extend the small business instant asset write-off by 12 months to 30 June 2020; and increase the write-off threshold from less than $20,000 to less than $25,000 (effective immediately). The current threshold of [...]

Is your SMSF adequately diversified?

SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading an SMSF’s [...]

Finance & loans news

Interest rate discounts for businesses installing solar panels. Did you know you can get an interest rate discount for your business loan when installing solar panels?  With a $200 million financing arrangement with the Clean Energy Finance Corporation, we have access to a 0.70% discount on the interest rate for energy efficient equipment. Minimum amount [...]

November tax news

Fast-tracking tax cuts for small & medium businesses The Government has fast-tracked the already legislated tax cuts to small and medium businesses by bringing them forward five years. Companies with an aggregated turnover of less than $50 million will have a tax rate of 25% in the 2022 income year (instead of the 2027 income [...]

Introducing our new Finance & Loans service

Hales Douglass is proud to introduce High Definition Finance to it's suite of high-level finance & business services. High Definition Finance provides a personalised finance & loans service offering business loans, investment and home loans, equipment finance and car loans. Streamlined process & help with paperwork Under the highly experienced and respected leadership of Craig Wise, [...]