$30k Instant Asset Write-off
By Chris Burnett You may have heard about the $30k instant asset write-off that the Federal Government introduced as part of their 2019-20 budget announcement which is now law and applies to certain purchases made before 30 June 2020. With the end of the financial year only 11 days away its a good idea to […]
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2019 Federal Election – Is small business just collateral damage?
By Chris Burnett The Australian Federal Election is just a few days away and the idea of a change of Government is seeming almost as certain as death and taxes themselves. The Australian Labor Party has an ambitious tax and superannuation reform agenda that will see a $446 billion tax hit to a range of […]
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Changes to the small business instant asset write-off
The recently passed Bill also increased the write-off threshold from $20,000 to $25,000 – which took effect retrospectively from 29 January 2019.
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