Posts tagged "accelerated depreciation"

A ramped-up instant asset write-off scheme will offer small businesses tax breaks on eligible purchases over the next financial year, averting fears the scheme would drop to cover purchases of just $1,000.

The government has unveiled a massive new asset write-off scheme, but how will it work in practice?

Australian businesses will be able to write-off the full value of all new assets under a measure announced in the federal budget.

In an unexpected move, the Australian Greens party have attempted to push an amendment to the highly popular instant asset write-off for small businesses through the House of Representatives, seeking an additional write-off scheme with a higher expenditure limit for clean energy assets.

The Australian Greens will support the small business package that forms the heart of the federal government’s budget but the party’s sm…

Reports of: 1.5% tax cut only for small business for first $5 million in profit; Tax cut will only apply to incorporated businesses; and Ac…