Did you start a small business in 2016? The rules have changed around the deductibility of certain start up costs. Previously these have been deductible over five years but now the legislation allows for immediate write off for the following:
- Professional, legal & accounting advice
- Australian government fees & charges
For more information please contact us or see the following from the ATO:
Please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 to discuss further.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.