Instant Asset Write-off Changes Given Royal Assent

If you’re a business with a turnover from $10 million to less than $50 million you may be eligible for the instant asset write-off for assets purchased, to the value of $30,000, from 7.30pm (AEDT) on 2 April 2019.

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Business Tax Masterclass: Part 1 – How to Treat Assets

Our first webinar goes live this week. The webinar covers how and when to apply the instant asset write-off and how to treat assets that cost over $20,000.

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Instant Asset Write-Off – Proposed Increase to $25k

Last week the Government announced a proposal to increase the threshold for the instant asset write-off to $25,000. “The $25,000 instant asset write-off will improve cash flow by bringing forward tax deductions, providing a boost to small business…

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Thoughts From Our Principals

Mark Semmens

Mark is a Chartered Accountant with a wealth of experience in accounting and taxation. Mark is a Member of Chartered Accountants Australia and New Zealand, the Tax Practitioners Board and the National Tax and Accountants Association.

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Daniela Semmens

Daniela Semmens is a Co-Director of Semmens & Co. and joined the company as General Manager in 2017. Daniela is an Affiliate Member of Chartered Accountants Australia and New Zealand and also a Member of the Australian Institute of Project Management.

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