2021 Federal Budget

The 2021-22 Federal Budget has been released. The Main Points include: Individuals The Low & Middle Income Tax Offset has been Retained for the 2021-22 Financial Year. Continuing this tax offset provides a rebate of up to $1,080 each on lodgement of an Individual...

2021 Federal Budget – Business

The 2021-22 Federal Budget has been released. The Main Points include: Business Businesses can fully expense depreciating assets up to 30 June 2022 where their turnover is under $5 Billion. Government Assistance of $2.1 Billion in targeted support for aviation,...

2019 Federal Budget Changes – Businesses

Increase the Instant Asset Write Off from $25,000 to $30,000 and Extend it to Medium Businesses The Government has announced that it will increase the instant asset write off from $25,000 to $30,000 from 2 April 2019 to 30 June 2020 for Small Businesses with an...
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