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Tax deductions for investing in your business

Stimulating investment is high on the Government’s agenda. To encourage spending, the 2020-21 Budget introduced a measure that allows businesses with turnover under $5bn* to immediately deduct the cost of new depreciable assets and the…

Instant Asset Write Off explained

*UPDATE* $150K Instant Asset Write-Off has been extended until 30th December 2020. Read Josh Frydenberg's media release here. Initially announced on 12 May and intended to last until 30 June, the government’s $17.6bn stimulus package…