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…