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In a further transformation of the Instant Asset Write-off scheme, the federal government now allows businesses earning up to a $5 billion aggregate turnover to ‘instantly’ write off the full cost of new eligible depreciable assets rather than over time!Claim-Limitless-Asset-Write-off
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Christmas and the Taxman
When do employee gifts and celebrations attract fringe benefits tax (FBT)? And when are they exempt?
SMSF trustees must get ready to process rollovers via SuperStream by 1 October 2021. This means trustees will no longer…
Inheriting rental properties jointly A dilemma?
Imagine you’re lucky enough to inherit, say, four post-CGT rental properties from a deceased parent – but what happens when…