Small business entities Pre COVID-19 stimulus COVID-19 stimulus 2020-21 Budgets Instant asset write-off / temporary full expensing 7.30pm (AEDT) 2 April 2019 – 11 March 2020 12 March 2020 – 7.30pm (AEDT) 6 October 2020 7.30pm (AEDT)…
Individuals could be affected by: – Loss of franking credit refunds to their Self-Managed Super Funds and to themselves – Paying higher capital gains tax by reducing the general CGT discount from 50% to 25% – Losing tax benefits from…
February 2018 Tax Updates Small Business Advantages: The Australian Government is supporting small businesses through introducing the instant write-off for eligible assets costing less than $20,000 from 12 May 2015 to 30 June 2017, helping these businesses purchase assets and…
The Australian Government is supporting small businesses through introducing the instant write-off for eligible assets costing less than $20,000 from 12 May 2015 to 30 June 2017, helping these businesses purchase assets and grow (this is being extended for an…
It’s been tough recently without hearing arguments of pros and cons with the removal of residential property investors’ negative gearing taxation rebates. As it stands, the negative gearing process allows people to claim deductions against the income generated less the…