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FULL EXPENSING OF DEPRECIABLE ASSETS RULES
Temporary full expensing Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year it is first used or installed ready…
by Anna RosemarieSep 14 No comments -
Labor’s Electric Car Discount
The Labor Government has announced incentive that will be offered for owners of electric vehicles. The ‘Electric Car Discount’ which will be effective from 01 July 2022 includes: Import tariffs…
by Anna RosemarieJul 7 No comments -
Deductibility of COVID-19 Tests
Media Release – The Hon Michael Sukkar, MP (Assistant Treasurer) Release Date: 08.02.22 The government will be introducing legislation to the effect that work-related COVID-19 tests will be tax deductible…
by Anna RosemarieJun 2 No comments -
What company tax rate should I be using? [2021-22]
The Australian Taxation Office (ATO) uses the term ‘Base Rate Entity’ to determine which company tax rate Australian companies should be using. This was introduced in the 2017-18 financial year,…
by Anna RosemarieMay 24 No comments



