From 1 July 2019, the immediate deduction threshold will reduce back to $1,000.
There are no limits to the number of times you can use the immediate deduction assuming your cash flow
supports the purchases.
If your business is registered for GST
, the cost of the asset needs to be less than $20,000 after the GST credits that can be claimed by the business have been subtracted from the purchase price. If your business is not registered for GST, it is the GST inclusive amount.
Firstly, distinguishing between management and leadership. They're both different, but interdependent and must be closely related to be fully effective.
Management is essentially about the establishment of organisations, structures, processes and procedures including:
- management of costs
- implementation of ideas
- team training
Leadership is about creating the environment in which people work willingly together to achieve commonly agreed ideas and goals.
This common belief is being used by scammers to target individuals and small businesses.
The Australian Taxation Office has released a step-by-step process of what will happen if they do call you: