Introduced in the 2020-21 Budget and now extended until 30 June 2023, immediate deduction enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost of the asset. Legislation passed by Parliament last month extends the rules to cover assets that are first used or installed ready for use by 30 June 2023.
Read MoreTwo landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and superannuation purposes.
Read MoreBusinesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA.
Read MoreAustralia’s two largest states and the ACT are in lockdown as the Delta strain of COVID-19 takes its toll while others are standing firm on a policy of eradication. The result is a country at a policy impasse and divided by border restrictions.
Read MoreThe support available to individuals and business has been constantly evolving and changing. Here’s a summary of where support stands around the country.
Read MoreOver the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of high supply and low demand on the saleable value of a business.
Read MoreCountries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment.
Read MoreThe highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it.
Read MoreAustralia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for tax purposes - but this is not always the case.
Read MoreA recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the productivity gap between top performing companies and others.
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