Virtual Finance Team

The 2024-25 financial year presents a significant opportunity for small businesses across Australia with the Instant Asset Write-Off. This incentive allows you to fully deduct the cost of eligible assets purchased during the 2024 income year, with the threshold set at $20,000. This write-off can reduce your taxable income, freeing up vital cash to reinvest in your business.

But don’t wait—this opportunity is time-sensitive. Initially set to benefit businesses in 2024, the threshold has been extended to June 30, 2025, as proposed in the Federal Budget. This extension provides more time to take advantage, but the window is still limited.

Our guide will help you navigate the steps needed to make the most of this tax incentive. From determining eligibility to claiming the write-off, we’ll walk you through how to maximise your tax benefits and position your business for growth.

At Cordner Advisory, we specialise in guiding businesses through the complexities of tax law, ensuring you seize every opportunity for financial gain. Don’t leave money on the table—take control of your financial future today. Contact us to learn more about how we can help you leverage the Instant Asset Write-Off and other tax benefits.

At the end of the financial year, the ATO intensifies its efforts to ensure businesses and individuals adhere to tax regulations. This period sees an increase in compliance checks, making it crucial for you to stay informed about the ATO's focus areas. Understanding these focus areas and implementing strategies to maximise your tax deductions while minimising risks is essential for maintaining financial health and avoiding penalties. In this blog, we delve into the ATO's primary targets and offer practical tips to enhance your tax strategy, ensuring you navigate the end-of-year checks with confidence and compliance.

At the end of the financial year, the ATO intensifies its efforts to ensure businesses and individuals adhere to tax regulations. This period sees an increase in compliance checks, making it crucial for you to stay informed about the ATO's focus areas. Understanding these focus areas and implementing strategies to maximise your tax deductions while minimising risks is essential for maintaining financial health and avoiding penalties. In this blog, we delve into the ATO's primary targets and offer practical tips to enhance your tax strategy, ensuring you navigate the end-of-year checks with confidence and compliance.

Navigate the Federal Budget 2024-25 with Cordner Advisory. Discover key changes impacting businesses and learn strategic approaches to tax planning. Explore efficient timing of business expenses, optimising financial opportunities, and understanding new tax legislation. Partner with Cordner Advisory’s expert corporate accountants for tailored strategies that ensure compliance and enhance profitability, aligning with your business goals.

Unlock advanced tax planning with Cordner Advisory in 2024. Delve into strategic asset purchases, efficient timing of business expenses, and entity restructuring. Gain clarity on new tax credits and legal structures to optimise your business tax obligations and financial planning. Partner with business accountants from Cordner Advisory, for tailored strategies that align with your business goals and ensure compliance and profitability.

Explore the latest stage 3 tax cuts with insights from Cordner Advisory, Gold Coast's leading tax accountants. Learn effective strategies for adapting to the changes, and navigate the tax environment with confidence under expert guidance. Discover essential tax advice for adjusting to new tax rates and ensure your financial well-being with Cordner Advisory's essential guide to proactive financial planning.

Explore the latest individual income tax changes for 2024 with insights from Cordner Advisory, Gold Coast's leading tax accountants. Learn effective strategies for adapting to the changes, and navigate the tax environment with confidence under expert guidance. Discover essential tax advice for adjusting to new tax rates and ensure your financial well-being with Cordner Advisory's essential guide to proactive financial planning.

In our latest blog, delve into the world of Fringe Benefits Tax and discover insider tips for maximizing your savings. Our expert Gold Coast accountants from Cordner Advisory offer valuable insights and strategies to effectively manage Fringe Benefits Tax. Learn how to make the most of your financial planning with practical advice from one of the top Gold Coast accounting firms. Stay informed and ahead in your financial journey with Cordner Advisory's essential guide to Fringe Benefits Tax.

Navigate the 2026 Superannuation Guarantee Updates with Cordner Advisory: Our latest blog provides a concise overview of the upcoming reforms and their impact on retirement planning. Gain insights from Cordner Advisory's SMSF accountants on how these changes will enhance compliance and secure future finances. Learn how these updates, including stricter compliance measures and technological advancements, will shape the Superannuation Guarantee system. Stay ahead with Cordner Advisory, your guide to understanding and adapting to these crucial changes.

Maximise your SMSF borrowing potential with the expertise of Cordner Advisory. Our guide offers in-depth insights into real estate investments using self-managed super funds. With a focus on maximising borrowing potential, we navigate the complexities of 'single acquirable assets' and ensure compliance in loan agreements. Trust our Gold Coast team to provide personalised, strategic advice to boost your fund's borrowing potential for successful and compliant investments.