Posts tagged "instant asset write-off"

The instant asset write-off scheme will cover purchases worth $30,000 and will expand to medium-sized businesses, according to amendments passed in the Senate that significantly expand a plan put forward by the Albanese government.

The Coalition is pushing to expand the new-look instant asset write-off scheme, arguing it should cover eligible assets worth up to $30,000, up from $20,000 covered by the Labor government plan.

Small businesses should be going back to basics and understanding a few tax measures that are ending and working out the best course of action for their business.

SmartCompany was fortunate to discuss those policies with Small Business Minister Julie Collins in her first SME-focused interview since budget night.

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.

COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.

Temporary full expensing serves the government’s goal of stimulating the economy by encouraging businesses to spend money on equipment and enjoy immediate tax savings.

Industry experts have welcomed the Morrison government's pledge to help create 400,000 new small businesses, but want more detail.

Ahead of the federal election on May 21, SmartCompany is breaking down the key issues facing Australia's small business community. Today we're looking at tax.

If this government has seen value in continuing the instant asset write-off for seven years, asks Eloise Keating, why not make it permanent?

The federal government extended the scheme until June 2023, but no announcements have been made about extending it further.

Reduce your taxable income by using temporary full expensing measures to instantly write off the full value of asset investments.