Last month, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for another year was passed by the Senate with no amendments.
Read the full article on Accountants Daily.
Tax Institute labels $20K tax break ‘confusing’
While supporting the extension of the $20,000 instant asset write-off, the Tax Institute has warned small businesses to read the fine print and not get caught out by confusing elements of the tax break.
