The Instant Asset Write-off that almost never was
Owing to some last minute machinations in the Senate, the $20,000 Instant Asset Write-off (IAWO) for the 2023-24 financial year was only passed into law…
Deductions – Business and Capital Expenditure
Read MoreThe Instant Asset Write-off that almost never was
Small business energy incentive
A little known tax incentive that is aimed at encouraging businesses to improve energy efficiency is the small business energy incentive (SBEI). You will have…
Generous Depreciation In Its Final Days
This month’s federal budget confirmed that temporary full expensing (TFE) is now in its final days. To recap, TFE will cease and be replaced by…
Temporary Full Expensing (TFE)…get in quick!
This could be the final opportunity for your business to take advantage of Temporary Full Expensing (TFE)…but get in before 1 July! To recap, TFE…
Temporary Full Expensing
What does Temporary Full Expensing (TFE) of assets mean for me? As Australia looks to get back to work and continue its recovery, the Temporary…
Instant asset write off extended to 31 December
Note that the boost to the instant asset write off rules that the government put in place to help stimulate the Australian economy in the…