News

150k instant asset write off extended to December

- June 9, 2020 2 MIN READ

Following lobbying from small business advocates and the opposition, the Morrison government has announced it will extend the $150k instant asset write-off until December 2020. Businesses making up to $500 million per year will be able to write off new assets worth up to $150,000 each under the extended scheme which was part of a… Read more »

Features

Keeping your business afloat through COVID-19

- May 1, 2020 2 MIN READ

The pressure COVID-19 has put on small and medium businesses is staggering. In less than a month following Australia’s new trading and social distancing laws, two-thirds of the country’s SMBs have already reported a slump in revenue, with one in ten businesses grinding to a halt all together. The government’s stimulus package and financial benefit… Read more »

News

Ombudsman welcomes extension of instant asset write off

- January 30, 2019 < 1 MIN READ

The Australian Small Business and Family Enterprise Ombudsman (ASBFEO), Kate Carnell, has welcomed the announcement by the government of the extension of the $20k instant asset tax write-off. The instant asset write-off scheme will now be extended to small businesses until 30 June 2020 with an increase to the write off to include assets purchased… Read more »

Finance

Federal Budget: 20k instant asset tax write-off extended

- May 9, 2018 2 MIN READ

Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget. The write-off was slated to end this financial year, however, it has now been extended until June 30, 2019. The instant asset write-off allows businesses to claim… Read more »