Company Loss carry back tax offset 2021 & 2022

Company Loss carry back tax offset 2021 & 2022

      Loss carry back provides a refundable tax offset that eligible corporate entities can claim: after the end of their 2020–21 and 2021–22 income years in their 2020–21 and 2021–22 company tax returns. Eligible entities get the offset by choosing to...
Small Business Instant Write-Offs

Small Business Instant Write-Offs

Instant write-offs: As part of the Federal Government’s Coronavirus Stimulus Package, the Instant Asset Write-Off threshold increased is $150,000 (net of GST) per asset acquired. This change applies to businesses with an aggregated annual turnover of less than $500...