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Assets

$20,000 instant asset write-off

January 22, 2019 By BMN

The $20,000 threshold has been recently extended to 30 June 2019.If you buy an asset and it costs less than $20,000, you can write off the business portion in your tax return for the relevant income year. https://www.ato.gov.au/newsroom/smallbusiness/lodging-and-paying/$20,000-instant-asset-write-off/?sbnews20181107

This article was suggested by our mentor John Wood

How to Calculate Your Net Worth

October 16, 2018 By BMN

How much are you worth? Not a clue? Knowing your own net worth helps you plan for your future – and your business’s future. Here’s how you calculate it.

https://www.businessknowhow.com/money/networth.htm

This article was suggested by our mentor Trevor Payne

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