Government pulled up on small business full expensing discrepancy

Pressure has been placed on the government to correct an oversight in its full expensing measure that tax experts believe creates adverse outcomes for small businesses.

by | 8 Feb, 2021

FBT overhaul ‘not a priority’ for government

Chartered Accountants Australia and New Zealand, CPA Australia, the Institute of Public Accountants, Law Council of Australia, Tax & Super Australia, and The Tax Institute have now written to the Treasury to request for the law to be amended to afford small businesses with pool balances the flexibility to fully expense assets on an asset-by-asset basis.

Read more at the AccountantsDaily.

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