Posts tagged "instant asset write-off"

Small business advocates have cast their verdict on whether the federal budget goes far enough to support small and medium businesses.

ANAO has given the ATO a thumbs up for its risk-management practices while delivering pandemic-related economic-response measures.

In an uncertain business landscape, many are wondering how this budget sets the roadmap for small business recovery. 

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

Small business loans increased sharply in June, amid the enhanced instant asset write-off, with plant and equipment spending up more than 150% on last year.

For startups, this EOFY, more than ever, it's all about "cash, cash, cash", says Standard Ledger founder and startup accountancy guru Remco Marcelis.

The instant asset write-off scheme has been extended again and will now last until December 31, giving businesses six more months to immediately claim on purchases up to $150,000.

Kate Carnell says a small business award could deliver firms the flexibility and simplicity they need in the wake of the coronavirus pandemic.

The Australian government has announced a series of coronavirus stimulus measures targeted at small businesses. So what do the changes to the instant asset write-off scheme, and the $25,000 cash payments, mean in practice?

Australia’s 2.3 million small business, and the more than 4.5 million Australians they employ, are most at risk because of the spread of the coronavirus, writes Peter Strong.

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

Here are five common mistakes the ATO is taregtting this end of financial year — as well as how to avoid making them in your own business.