{"id":2266,"date":"2017-06-26T11:54:01","date_gmt":"2017-06-26T01:54:01","guid":{"rendered":"https:\/\/www.martinco.com.au\/?p=2266"},"modified":"2017-05-16T12:08:05","modified_gmt":"2017-05-16T02:08:05","slug":"tax-planning-small-business-concessions","status":"publish","type":"post","link":"https:\/\/www.martinco.com.au\/tax-planning-small-business-concessions\/","title":{"rendered":"Tax Planning: Small Business Concessions"},"content":{"rendered":"<h2>The end of the 2016\/17 financial year is almost here, so now&#8217;s the time to look at Small Business Concessions to minimise your <a href=\"https:\/\/www.martinco.com.au\/services\/taxation\/\">tax<\/a>.<\/h2>\n<p><strong>Small Business Concessions &#8211; Prepayments<\/strong><br \/>\nFor Small Business with sales turnover of less than $10 million, you can make prepayments (up to 12 months) on expenses BEFORE 30 June 2017 (e.g. Rent, Interest on Loans) and obtain a full tax deduction in the 2017 financial year.<\/p>\n<p><strong>Small Business Concessions &#8211; $20,000 Write Off<\/strong><br \/>\nFor Small Businesses with a turnover of less than $10 million, an immediate deduction is available for any\u00a0asset purchase costing less than $20,000 GST exclusive.<\/p>\n<h3><a href=\"https:\/\/www.martinco.com.au\/contact\/\">Contact us<\/a>\u00a0TODAY before the June 30 deadline for assistance to reduce your <a href=\"https:\/\/www.martinco.com.au\/services\/taxation\/\">tax<\/a>!<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The end of the 2016\/17 financial year is almost here, so now&#8217;s the time to look at Small Business Concessions to minimise your tax.<\/p>\n","protected":false},"author":1,"featured_media":2269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[80,76,75,72,71],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tax Planning: Small Business Concessions - MartinCo Sydney<\/title>\n<meta name=\"description\" content=\"The end of financial year is almost here, so now&#039;s the time to look at Small Business Concessions. 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