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…
You must register for GST if you reach the $75,000 turnover threshold or if it looks likely that you will exceed it…
By October 31 2019 (if lodging yourself)
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…