Did you know that the Asset write-off of $20,000 has been extended to 30 June 2018?

If you bought an asset after 1 July 2017 and it costs less than $20,000 you can immediately claim the business portion in your 2018 tax return.

You are eligible to use simplified depreciation rules to claim the immediate deduction of each asset (new or second hand) costing less than $20,000 if:

• You have a turnover less than $10 million (this has increased from $2 million), and
• The asset was first used or installed ready for use in the 2017/18 income year.

Travel expenditure deductions for residential investment property is about to change!

The Federal Government has announced that it intends to deny all travel deductions relating to inspecting, maintaining, or collecting rent for a residential investment property from 1 July 2017 as part of their new “housing affordability package”.

The Exposure Draft Legislation has been released for comment and we thought we’d make you aware of the upcoming (yet to be legislated) change.    

Social Media – Does it form part of your advertising regime?

Did you know there are over 1.19 billion Facebook users?  Did you ever think of Facebook as a place to advertise your business or get your brand out there? We thought we’d give it a try and have set up a Facebook page.  We’d love to connect with you on Facebook so look us up or click on the link below to connect.  We will add regular “latest news” posts on Facebook.   

Linked In is another way of connecting and keeping up to date.  Join us on Linked In by clicking the link below.

CFD Advisors facilitates sale to ASX listed Company

CFD Advisors Accountants are proud to announce the successful sale of long standing client, Designs For Vision Australia to ASX listed Company, Paragon Care Limited. 
The transaction was a strategic journey between Designs For Vision Australia together with CFD Advisors to realise a powerful outcome that complements the future for both Designs For Vision as part of Paragon Care Limited.

Our office may assist with such strategies to support and present such potential opportunities. 

Nick Zandes

An update from CFD Advisors

Our first quarter as a new start-up practice has flown by as we continue to go from strength to strength, with the support of our loyal clients and capable team. For a small start-up, this transition has been uncharacteristically smooth.

Reflecting on the key reasons underpinning this transition, we cite strong and loyal relationships with our clients, our can-do work ethic, and especially our uniquely proactive approach in our work and our relationships. Our clients know that they’re not taken for granted, and that they’re not getting the bare minimum of service.

CFD stands for ‘Corporate Family Development’ which is a distillation of our primary areas of passion and focus. We feel privileged to be working with our current and new clients, and we’re thrilled to welcome the new clients who are coming on board now.

Nick Zandes