Can't find what you are looking for? Call our customer support at 1300 856 710 or email us at [email protected]
Explore all the products and services which makes up your ABN membership.
Experience benefits like nowhere else with ABN. Explore all the products and services which make up your membership.
Meet the team at Australian Bookkeepers Network.
Explore the requirements for gaining relevant experience
Protect your Bookkeeping Business with ABN's PI Partners.
Protect your business with Cyber Insurance
How ABN gives back to the community
Find out how a bookkeeper can help your business.
Do you want to become a registered BAS Agent but you're not sure where to start? We've provided an outline of the BAS Agent qualifications and registration requirements.
Wondering how to become a registered bookkeeper? Here's an outline of what to expect when working as one and the steps required to become certified.
ABN is committed to providing professional development opportunities for bookkeepers.
Members Can Access Australian Bookkeepers Network's Bookkeeping Checklists, Contract Samples, Quote Templates, Agreement Letters & More.
A summary of the upcoming changes to the small business write-offs
In my experience, many small business owners find it difficult to keep up with all the latest tax changes – be they legislative or new ATO rulings. I can vouch for the fact that, even as a Tax Agent, it’s not easy keeping up!
One change that you and your small business clients should be aware of though is the upcoming abolition of the following small business write-offs:
While you will still be able to write off the full value of these assets eventually, the changes mean the write-off will be over a longer period, and therefore will impact your cash flow.
The start date for these changes has just been announced as 1 January 2014. So, if you are contemplating low cost equipment or vehicle purchases, you may wish to bring forward your purchase before this date. Around our office, for instance, new purchases of printers, computers and furniture will all qualify.
Given the importance of cash flow to small business and the still fragile state of the economy, I find it a little disappointing that this reform is on the table. However, if you or your clients get in quick, you can take advantage of the current, more generous rules.
Feel free to add your thoughts by leaving a comment below.
Article written by David Cowling
To find out more about ABN visit www.austbook.net
