Despite owning a growing business and supplementing his income with a pension from the ADF, former soldier Jake Briggs was told by his bank that he could not secure finance to purchase a home. So he found a broker who knew better.
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End of financial year is a great time to take advantage of business equipment deals, particularly with the threshold for accelerated deductions for small business being raised from $1000 to $20,000. Planning ahead and thinking carefully about your business needs are key to minimising both tax liability and cash flow impact.
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