Posts tagged "temporary full-expensing"

The Coalition is pushing to expand the new-look instant asset write-off scheme, arguing it should cover eligible assets worth up to $30,000, up from $20,000 covered by the Labor government plan.

SmartCompany asked experts from across the accounting field about how small businesses should optimise their tax return this year.

Small businesses should be going back to basics and understanding a few tax measures that are ending and working out the best course of action for their business.

A ramped-up instant asset write-off scheme will offer small businesses tax breaks on eligible purchases over the next financial year, averting fears the scheme would drop to cover purchases of just $1,000.

COSBOA is pushing for new government spending on SME skills training and resilience measures while softening its language on multi-employer bargaining.

Temporary full expensing serves the government’s goal of stimulating the economy by encouraging businesses to spend money on equipment and enjoy immediate tax savings.

If this government has seen value in continuing the instant asset write-off for seven years, asks Eloise Keating, why not make it permanent?

Reduce your taxable income by using temporary full expensing measures to instantly write off the full value of asset investments.

From JobKeeper payments to accelerated depreciation rules, this tax time is going to be very different for many SMEs.