Instant asset write-off changes Accelerated depreciation Boosting cash flow for employers Jobkeeper payment Other federal government measures What is the ATO doing? State and Territory coronavirus measures Instant asset write-off changes There are 2 changes: the instant asset write-off threshold has been increased from $30,000 to $150,000 for the period from 12 March…
With the rapid spread of Coronavirus, the government has announced increased measures to assist individuals and small to medium business. Increase in the credit for PAYG Withholding Early access to superannuation Superannuation minimum pension amounts halved Victorian Payroll Tax waived Victorian Land Tax deferral Boosting cash flow for employers An increase in the credit…
Economic response On 12 March 2020, the Government announced its economic response to novel coronavirus (COVID-19). Subject to passage of legislation, ATO will implement a series of administrative measures to further assist Australians experiencing financial difficulty as a result of COVID-19. Enhancing the instant asset write-off The government is increasing the instant asset write-off…
IN THIS ISSUE What’s new for small business What business income do I need to declare What can I claim for my business What concessions can small business take advantage of How does my business compare to other businesses What’s on the ATO’s radar Paying building and construction contractors Superannuation for self employed …
IN THIS ISSUE $20,000 instant asset write-off extended to 30 June 2019 Tax relief for low and middle income earners Crackdown on the cash economy What’s attracting the ATO’s attention Do you need to pay Payroll Tax Changes to GST on property transactions $20,000 instant asset write-off extended to 30 June 2019 Do you…
