{"id":2097,"date":"2020-06-09T13:46:07","date_gmt":"2020-06-09T03:46:07","guid":{"rendered":"https:\/\/cruzandco.com.au\/?p=2097"},"modified":"2020-06-09T13:46:07","modified_gmt":"2020-06-09T03:46:07","slug":"business-tax-planning-tips","status":"publish","type":"post","link":"https:\/\/cruzandco.com.au\/business-tax-planning-tips\/","title":{"rendered":"Business Tax Planning Tips"},"content":{"rendered":"
<\/a><\/p>\n <\/p>\n We are nearing the end of financial year again.\u00a0 Here are some things to consider to reduce the tax bill or defer some of it to next year:<\/p>\n There are a small number of assets that are excluded. Click here to read more<\/em><\/a><\/strong>. If you purchase a car (a passenger vehicle, except a motor cycle or similar vehicle, designed to carry a load less than one tonne and fewer than nine passengers) for your business, the instant asset write-off is limited to the business portion of the car limit of $57,581 for the 2019\u201320 income tax year. For example, if you use your vehicle for 75% business use, the total you can claim under the instant asset write-off is 75% of $57,581, which equals $43,186.<\/li>\n <\/p>\n Other things to consider before 30 June:<\/strong><\/p>\n <\/p>\n\n
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