Small business instant asset write-off
From 1 July 2012, threshold of depreciable assets for small business increases from $1000 to $5000.
[b]YOURLifeChoices Comment:[/b]
There are 2.4 million small businesses in Australia the earlier decrease in company tax and asset write-off will help improve cash flow and reduce compliance costs, albeit to a limited degree. Simplifying BAS reporting would probably have assisted even more.
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