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…
From 1 July 2014: no taxpayer will be able to claim the Dependent spouse tax offset in their 2015 tax return and subsequent year returns; and no taxpayer will receive the Mature age worker tax offset in their 2015 and…