SPEAKING to Shepparton’s Tax Guru, Navneet Jyoti is always an interesting conversation – a lesson in tax changes and how they will take effect.
Navneet said, “Of note, there are a few tax changes set in place this year. In relation to businesses…
“STP (single touch payroll) came into effect as of July 1, 2018.
“The $20,000 instant assets write-off has been extended to June 30, 2019.
“A Superannuation amnesty scheme was announced May 24 and will be running for one year.
“For individuals, there have been no changes to personal tax rates but other changes include…
“For rental property, travel to inspect properties can no longer be claimed.
“For properties bought after May 9, 2017, depreciation for old plant and equipment is no longer available.
“Superannuation contribution and its tax deduction has been made easy for taxpayers who earn income from employment and business.”
Navneet has expanded his business and with a team of 10 between Melbourne and Shepparton and more resources than ever before, the Tax Guru is able to attend to jobs quickly. Find Tax Guru at 3/164 Welsford Street, Shepparton. Call 5822 1900 to book your appointment or visit www.taxguru.net.au for more information.
