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Instant asset write off concession extended

Admin Business, Tax June 9, 2020June 9, 2020immediate tax deduction, instant asset write off, instant asset write off extended

The instant asset write off concession was increased from $30,000 to $150,000 effective from 12 March 2020 and was one of the measures that the government announced to stimulate the economy during the COVID-19 pandemic.  This concession was due to

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Cash Flow Boost

Admin Business, Tax April 19, 2020April 19, 2020cash flow boost, coronavirus, covid-19, stimulus plan
Cash Flow Boost

The outbreak of the Corona virus has caused significant disruptions globally and the government has unleashed a number of economic packages to support businesses in managing their short to medium term cash flow challenges. The first package was announced on

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2019/20 Federal Budget

Admin Tax April 5, 2019April 5, 2019australian budget, federal budget
2019-federal-budget

On Tuesday night the government delivered a clear pre-Election Budget focusing on two key voting blocs. Individuals earning up to $126,000; and SME’s with turnovers under $50 million. The Tax Cut Plan is not new, indeed it was announced last

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Do you earn Personal Services Income?

Admin Tax September 18, 2018September 18, 2018personal services income, PSI
Personal Services Income

DO YOU EARN PERSONAL SERVICES INCOME? This is an important question for many contractors, because if the answer is “Yes”, the contractor can be limited in what deductions they are able to claim and who pays the tax on their

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  • Free tax learning support for small businesses
  • Instant asset write off concession extended
  • Jobkeeper payments
  • Cash Flow Boost
  • 2019/20 Federal Budget
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