Taxation

  • 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…

  • 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…

  • 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…

  • 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,…

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