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New Tax Incentives for Australian Businesses

With the Coronavirus pandemic continuing to impact the world, the Australian Government has responded by releasing their first Economic Stimulus Package on the 12th March. The latest measures include support for small to medium sized businesses through greater tax incentives, which are designed to support business investment. To make it easier, we’ve explained some of the tax incentives being offered

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$30K Instant Asset Write-off for Small-to-Medium Sized Businesses

Good news for small, and now medium-sized businesses, the Australian Government has increased the instant asset write-off amount from $25K to $30k until 30 June 2020. They have also expanded the annual turnover threshold from $10 million to $50 million to include medium-sized businesses. This means more than 22,000 additional businesses will now be able to take advantage of the

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$20k Small Business Instant Asset Write Off

If you are a small business operating in Australia, then this is great news for you. In 2015 the government introduced an accelerated depreciation incentive scheme to benefit small businesses. This $20k small business scheme allows small businesses to instantly write-off assets costing less than $20k. This scheme was due to end on 30th June 2017 but it has now

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