Federal Budget 2021-22 Building a healthy recovery The October 2020 Budget was a stimulus Budget designed to soften the blow of COVID-19-related impacts for Australians. Now 6 months on and the report card is largely positive. Economically we are in a much better position than the Government’s forecasts in October last year. The focus of the…
Federal Budget 2021-22 The October 2020 Budget was a stimulus Budget designed to soften the blow of COVID-19-related impacts for Australians. Now 6 months on and the report card is largely positive. Economically we are in a much better position than the Government’s forecasts in October last year. The focus of the 2021-22 Federal Budget…
Many of us wonder what we are worth. I’m not talking about what we’re worth as people, which is an entirely different concept. I’m talking about what we are worth in monetary terms. In most cases, this is a fairly simple exercise. Net worth is determined by subtracting your liabilities (what you owe) from your assets…
The instant asset write-off (tax deduction) threshold has increased to $30,000, and has been extended to 30 June 2020. Your business can claim an immediate tax deduction of up to $30,000 for the business portion cost of each asset (new or 2nd hand), which is purchased and first used or installed ready for use from 7.30pm…