Posts tagged "asset write off"

The start of each financial year usually brings with a host of tax changes that SMEs need to be aware of, as well a a range of other legal changes that affect large sections of the Australian business community.

Farmers say the federal government's refusal to extend the deadline for the instant asset write-off will leave them short-changed.

The latest GDP data shows business investment in equipment and machinery grew at its fastest rate since 2009.

From JobKeeper payments to accelerated depreciation rules, this tax time is going to be very different for many SMEs.

SMEs will now have another 12 months to take advantage of the massive asset write-off scheme. So how does it work exactly?

The ATO has warned businesses against misusing the government’s expanded asset write-off scheme and the new loss carry-back provisions.

Legislation for the new asset write-off scheme, as well as personal income tax cuts, passed through parliament without amendments on Friday. 

The end of financial Year is approaching and there's plenty of changes to understand in 2020. Here are key EOFY tips for SMEs and sole traders to help you stay on top of your affairs.

While the government increased the instant asset write-off threshold to $30,000 earlier this year, businesses are looking for smaller purchases.

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.