Monthly Archives: May 2015

The 2015/16 budget announcement was small business friendly and in general well received. We have summarised a number of the key announcements below:

SMALL BUSINESSES (TURNOVER LESS THAN $2 MILLION)

Effective immediately

Small business will be able to obtain an immediate deduction for most depreciating assets costing less than $20,000. The $20,000 threshold applies to each individual asset...