Advertisements
ATO warns business against using ‘artificial mechanisms’ to cheat schemes
The Australia Taxation Office has cautioned businesses against taking advantage of the government’s most recent expanded asset write-off scheme and the new loss carry-back provision.
by Shared by MyBusiness | 1 Nov, 2020

Full expensing of plant and equipment and the ability to carry back losses are two measures introduced in the budget with the aim of encouraging businesses to invest and accelerate economic growth after the COVID-19 crisis.
Read more at MyBusiness.
Advertisements
Advertisements
Most Read
Trump tariff shock the wake-up call Australia needed
24 March, 2025
How to avoid bankrupting your hope budget
17 March, 2025
Taxing foreigners in the land of the ‘fair go’
10 March, 2025
Trust in our leaders: A universal currency
4 March, 2025
As AI gets smarter, are we getting dumber?
3 March, 2025