Scott Morrison has just announced an updated support package to assist small business and households. Small and medium business cash payments This measure will be available to businesses with turnover under $50 million that employ workers. There will be two phases: Firstly, employers are set to receive a first...
Continue Reading
New legislation is now in place for the expanded instant asset write-off. In particular, businesses with a turnover less than $50 million can claim immediate deduction on depreciating assets purchased and first used or installed ready for use up to $30,000 each from 7.30pm (AEDT) on 2 April 2019...
Continue Reading
Prime Minister Scott Morrison pledged yesterday to increase the small business instant asset write-off to $25,000 from $20,000.
Continue Reading
Did you know the Australian Tax Office provides small business benchmarks to help you compare your business’s performance against similar business in the same industry? The benchmarks are calculated from income tax returns and activity statements from over 1.4 million small businesses across Australia. They account for businesses...
Continue Reading