Fast-tracking Tax Cuts for Small and Medium Businesses
Recently, the Government decided to fast track the confirmed legislated tax cuts to small and medium businesses by bringing them forward 5 years.
The amended tax rate of 25% will take effect in the 2022 income year (as opposed of the 2027 income year based on the previously legislated timeline) for Companies with an aggregated turnover of less than $50 million.
Further to this, the increase in the tax discount to 16% for unincorporated entities will also take effect from the 2022 year.
Here at Aspect Accountants and Advisors we offer a range of services to enable us to be the best assistance to you. These services include:
- Business Consulting and Coaching,
- Tax Advice,
- Accounting and Compliance,
- Bookkeeping and Management,
- Self-managed Superannuation Funds.
For any further accounting or business development advice please give us a call and book an appointment at our West Perth accounting office.
|P||08 9227 9400|
|F||08 6323 1111|
|A||27 Cleaver Street, West Perth, WA 6005|