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The budget’s boost to instant asset write-off is now law
Posted by Team AVS on 14 May, 2019 0 CommentsFederal Budget night announced an increase in the instant asset threshold, and also an extension of which businesses could access the measure. Now the Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Bill 2019 has achieved Royal Assent.
The instant asset write-off threshold increased from $25,000 to $30,000 from Budget night to 30 June 2020.
The threshold applies on a per asset basis. As a result, eligible busi
The Australian Taxation Office (ATO) is warning about the continuation of unprecedented numbers of pre-recorded phone calls experienced last year which impersonate legitimate tax office phone numbers.
Assistant Commissioner Gavin Siebert said that scammers have adopted ‘Robocall’ technology to target taxpayers across the country. “Scammers are sending pre-recorded messages in record numbers and are manipulating caller identification so t
Assistant Commissioner Gavin Siebert said that scammers have adopted ‘Robocall’ technology to target taxpayers across the country. “Scammers are sending pre-recorded messages in record numbers and are manipulating caller identification so t