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Asset Write Off
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NEWS
$20,000 instant asset write-off made permanent in win for Australia’s small businesses
Businesses can deduct the eligible business-use portion of an asset from taxable income in the year it is first used or installed ready for use.
Must-read
POLITICS
“While Australians struggle…”: Pauline Hanson attacks PM Albanese’s Global Citizen Award after blunt exchange with journalist
Albanese’s response was notably brief, with the Prime Minister rejecting the premise of Bourke’s question before continuing with the press conference.
NEWS
South Australia Premier Peter Malinauskas warns cutting migration would be ‘madness’
“There could be no greater act of national economic self harm than to slash migration numbers for political purposes.”
NEWS
India backs Australia’s bid for UN Security Council seat as Albanese launches 2029-30 campaign
“As an active and ambitious middle power, we have a practical contribution to make to international peace and security”