Posts tagged "$20000 tax offset"

Small business tax breaks valued at $1.55 billion have passed in the Senate, clearing the way for enterprises nationwide to claim up to $20,000 in bonus deductions this tax season.

The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.

Another extension of the instant asset write-off scheme is on the cards ahead of MYEFO, small business Minister Michaelia Cash says.

While the government's instant asset write-off scheme forms a key part of its small business policy, a large number of firms aren't using it.

Tax breaks are few and far between, and the $20,000 instant asset write-off scheme is a ripper. But more than 60% of businesses aren’t ful…