SMEs to get full asset write-off extension and fairer go with ATO

Gino Farina Self Employed

Small businesses in dispute with the ATO over their tax debt will get “a fairer go” under new rules proposed in the federal budget. Meanwhile, one-year extensions have been granted for the full asset write-off and loss carry-back schemes. Let’s break it all down. There’s a lot to digest in this year’s pandemic-recovery federal budget. So today we’ve chosen to focus …

Turbocharged instant asset write-off scheme unveiled

Gino Farina Self Employed

There was one big-ticket initiative in the federal budget that really caught our eye, and that was the turbocharged version of the instant asset write-off scheme. Today we’ll look at how it could improve your business’s cash flow moving forward.