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🚀 **Important Update for Business Owners!** 🚀 If you're running a business and using the presumptive taxation scheme under Section 44AD, there's a crucial update you need to know about. 📢 🔹 The maximum limit for total turnover or gross receipts to declare profits/gains on a presumptive basis has been increased from ₹2 crore to ₹3 crore, effective from 1st April 2024. 🔹 This new limit applies *provided* that the total receipts/payments in cash do not exceed 5% of the aggregate receipts/payments. 🔍 Check out the details in the image below and ensure your business stays compliant with the latest tax regulations. Stay informed, stay compliant! #TaxUpdate #BusinessFinance #Section44AD #PresumptiveTaxation #FinanceAct2023

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐢𝐧 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚! Now’s the time to get ready for the end of the financial year (EOFY) 2024! Get excited about your tax refunds—it's extra money in your bank accounts. 𝐏𝐫𝐨 𝐓𝐢𝐩: Find accountants who can help maximize your tax refunds. #studyinaustralia #somethingextra #gatewaybridgeedu #EOFY2024

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧: 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐢𝐧 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚! Now’s the time to get ready for the end of the financial year (EOFY) 2024! Get excited about your tax refunds—it's extra money in your bank accounts. 𝐏𝐫𝐨 𝐓𝐢𝐩: Find accountants who can help maximize your tax refunds. #studyinaustralia #somethingextra #gatewaybridgeedu #EOFY2024

All businesses strive to improve cashflow. So, rather than using all your working capital to pay the VAT bill why not keep more cash in the bank and use someone else's money to pay HMRC? With 3 monthly payments instead of one large payment cashflow management will be easier.

Current issue small and medium business people are facing on working capital funds: common small and medium business people facing major problems on working capital funds requirement due to higher GST that is 18 percent. If they reduce to 5 to 10 percent max based on nature of goods is sufficient to operate. after this election this will happen it will be more happier for business people. On direct tax only lesser people are benefited not all small business people gets benefitted. On indirect tax exemption each and every citizen benefitted. and this will help to survive even they are In recession.

🚨 Important Alert for Small Business Owners! New Tax Change Ahead! 🚨 A significant shift in tax policy set to take effect from July 1, 2025, could notably impact small businesses and sole traders. Currently, all interest incurred on business-related debts, such as paying suppliers late due to delayed customer payments, is fully tax-deductible. However, the new rule will limit these deductions strictly to interest on bank loans, excluding any interest charged by the ATO. This change poses a particular challenge for small businesses that may not have the same access to banking facilities as larger entities, potentially increasing their financial burden. This policy, labelled as a move towards fairness, may feel more like a penalty to the smaller players in the business community. Stay informed and prepared with strategic tax planning to navigate these upcoming changes. For more insights and tips on how to protect your business from adverse tax impacts, follow this page. 🚨 Disclaimer: This content is intended for general informational purposes only and is not specific financial or tax advice. Consult a professional to understand how these changes may specifically impact your business situation. #SmallBusiness #TaxChanges #TaxDeductions #BusinessFinance #SoleTrader #EntrepreneurLife #TaxPlanning #FinancialAdvice #TaxTips #AustralianBusiness #BusinessGrowth #FollowForMore #TaxPolicy #GovernmentPolicy #BusinessNews #TaxImpact #BusinessStrategy #FinancialPlanning #BusinessOwners #SaveOnTaxes

𝗨𝗻𝗲𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗮𝘅 𝗯𝗶𝗹𝗹𝘀 𝗰𝗮𝗻 𝘁𝗵𝗿𝗼𝘄 𝗮 𝘄𝗿𝗲𝗻𝗰𝗵 𝗶𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸𝘀. 𝗙𝗮𝗰𝗶𝗻𝗴 𝗔𝗧𝗢 𝗱𝗲𝗯𝘁? Don't panic! The ATO offers payment plans to help businesses manage their tax obligations. 𝗢𝘆𝘀𝘁𝗲𝗿 𝗛𝘂𝗯 𝗶𝘀 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗲 𝘁𝗵𝗲 𝗽𝗿𝗼𝗰𝗲𝘀𝘀! 🟢 𝗙𝗿𝗲𝗲 𝗔𝗧𝗢 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻 𝗚𝘂𝗶𝗱𝗲: Our comprehensive guide explains everything you need to know about ATO payment plans, including eligibility and application steps.  🟢 𝗘𝘅𝗽𝗲𝗿𝘁 𝗔𝗱𝘃𝗶𝗰𝗲: We understand the complexities of ATO regulations and can guide you toward the most appropriate solution for your business.  🟢 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗣𝗿𝗼𝗰𝗲𝘀𝘀: Let us take the stress out of dealing with the ATO. We can help you apply for a payment plan and ensure everything is done correctly. 𝗚𝗲𝘁 𝗕𝗮𝗰𝗸 𝗼𝗻 𝗧𝗿𝗮𝗰𝗸 𝘄𝗶𝘁𝗵 𝗢𝘆𝘀𝘁𝗲𝗿 𝗛𝘂𝗯! Contact us today and see how Oyster Hub can help you create a manageable payment plan and get your business back on track! ATO Payment Plan Guide | Oyster Hub #ATOPaymentPlan #TaxHelpForSmallBusiness #OysterHubHelps

List of Banks Available for e-Pay Tax Service at e-Filing Portal Discover the full list of banks that support the e-Pay Tax service on the e-Filing portal. In this video, we walk you through the different banking options available for seamless and secure tax payments. Stay informed and make your tax filing process smoother with this comprehensive guide. Don't forget to like, share, and subscribe for more helpful financial tips and updates! #TaxFiling #ePayTax #eFilingPortal #OnlineBanking #TaxTips #FinancialAdvice #TaxPayment #eTax #TaxGuide #BankingOptions #TaxSeason #Finance #TaxHelp #SecurePayment

You don’t have to move out of the country or set up a Swiss bank account! There are easier solutions in terms of taking advantage of tax deductions and tax credits. And it starts with partnering with a great tax advisor! Contact us today to learn more about how we can help! tinyurl.com/3kcdzt8h #BusinessTaxes #TaxTip #businessstrategy #moneygoals #moneymotivation #entrepreneur #accountingtips #accountingservices #bookkeepinghelp #virtualbookkeeping #bookkeepingservices #smallbusinessbookkeeping #bookkeepingforsmallbusinesses #cloudbookkeeping #taxes #taxtips #accountant #bookkeeper #strategy #business #CFO #business #finances #financialliteracy #profit #apexprofessionals

Today I get to know about this section 1. Avoid cash payments over Rs. 10,000 to keep deductions valid (#Section40A3). Claim 100% deduction on capital expenses in specified businesses (#Section35AD). #TaxTips #BusinessFinance 2. Stay tax-compliant: No large cash payments (#Section40A3) and get full deductions on certain business expenses (#Section35AD). #TaxPlanning #BusinessGrowth 3. Optimize taxes: Keep payments digital to ensure deductions (#Section40A3) and claim 100% on capital costs in key sectors (#Section35AD). #TaxSavings #FinanceTips