by Swot Accoountants | May 28, 2020 | Business News, Tax & Compliance
From 12 March 2020, the instant asset write-off threshold was increased to $150,000 for eligible businesses. From 1 July 2020 however, the threshold will be significantly reduced to its legislated $1,000 for each asset. There are some exclusions and limits. If you’re...
by Swot Accoountants | May 12, 2020 | Companies & Trusts
Family and Discretionary Trusts In legal terms, a trust is a relationship (not a legal entity) in which one party (the settlor) gives property to another person (the trustee) to hold or conducts a business for the benefit of a third person (beneficiary). Trusts are...
