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What the “full expensing” write-off deduction means for business
Posted by Team AVS on 2 Dec, 2020 0 CommentsThe Federal Budget measure of allowing businesses to fully write-off eligible assets is a boon to Australian businesses, even though the measure is temporary. Just to recap, businesses with aggregated annual turnover of less than $5 billion will be able to deduct the full cost of eligible capital assets acquired from 7:30pm AEDT on 6 October 2020 (Budget night) and first used or installed by 30 June 2022.
“Full expensing” in the year of fi
Legislation has been put in place to extend the JobKeeper scheme beyond its original sunset date, although the rates of payment and certain other details have been altered. The scheme is now to run until March next year, with one version lasting until 3 January and another version in place from then until 28 March.
Businesses that have been enrolled in JobKeeper do not need to re-enrol to participate in the extended scheme, but the decline in
Businesses that have been enrolled in JobKeeper do not need to re-enrol to participate in the extended scheme, but the decline in
