Catherine Cipro’s Post

Access our Federal Budget Insights and Analysis report now #Budget #RSMAustralia #FederalBudget

Winners or Losers? How did your sector fare? Thanks to RSM Australia for this insightful guide. It’s interesting to see the numerous benefits for Green Energy, while Agribusiness faces some challenges, with most individuals coming out ahead. If you missed the hype so far then this snapshot summarises it all. #budget2024 #wtceconomy #RSMPaRK

Its #federal #budget time again, the Instant Asset Write off rules are one to note... Instant Asset-Write Off rules can provide SMEs with significant tax savings. These rules allow SMEs with turnover up to $10m to immediately deduct the cost of depreciating assets up to $1,000. However, the proposed measure, currently stalled in Parliament, aims to increase the threshold to $30,000 for SMEs with turnover up to $50m for the year ending 30 June 2024. The lack of enacted legislation is creating ongoing uncertainty for small businesses. Despite the changes currently before the Senate, this year's budget proposes that SMEs with turnover up to $10m will be able to write off assets up to $20,000 for the 2024-25 financial year. It's important for SMEs to stay informed on the latest developments in this area to maximize their tax savings. In my opinion, given the budget changes to depreciation it is probably best to hold off on any asset purchases over $1,000 to $20,000 until after July 2024. I really do think that the depreciation rules need to simplified and the chopping and changing stop, I would be interested to hear your thoughts.

Unlock key insights on the Federal Budget 🔓 With cost of living measures featuring heavily, discover how the latest budget will impact your business and personal finances with our comprehensive report. We break down the critical issues and provide expert analysis, empowering you to make informed decisions for your financial future 🚀 Download now 👉 https://bit.ly/3WCPrXL #FederalBudget #Budget2024

Eagerly Awaiting The Spring Budget 2024! Stay tuned for updates on the The Budget, scheduled for Wednesday 6th March. D V Marlow & Co is ready to break down the implications and guide you through any changes that might affect your financial landscape. Knowledge is power! 💡📈 #BudgetInsights #SpringStatement #DVMTaxUpdate

In this article, we're sharing the key takeaway points from the recent Federal Budget announced earlier this month. https://bit.ly/3Klpqog If you need additional information about the 2024 Budget and how the announcements might affect your financial situation, please get in touch. #FederalBudget #BusinessPlanning

In this article, we're sharing the key takeaway points from the recent Federal Budget announced earlier this month. https://bit.ly/4dUEA1r If you need additional information about the 2024 Budget and how the announcements might affect your financial situation, please get in touch. #FederalBudget #BusinessPlanning

Earlier this week I joined colleagues across the country to talk about the recent Budget and how we can support with estate planning strategies. Watch our recorded webinar here: #tax #Budget2024 #IHT #CGT #EstatePlanning #RuralEstates #RuralBusiness #BusinessWealth #IrwinMitchell

Do watch our budget webinar from my partner Sarah Phillips and others for some top tips on planning early

The only budget analysis you need. Read how you, your business and your industry will be impacted.