Tax

Arabon Accountants Federal Budget 2021/22

Federal Budget 2021/22: What are the wins for SMEs?

Treasurer Josh Frydenberg has delivered a free spending budget designed to drive employment growth, while also allocating increased funding to social programs such as disability services, aged care and mental health, as well as women’s economic security. Included also is the extension of support to taxpayers through the retention of the low and middle-income tax …

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Arabon Business Accounting Instant Asset Write Off

How will the government’s asset write-off scheme work?

It’s one of the most significant initiatives for businesses in the 2020/21 federal budget, so how will the significant $27 billion asset write-off scheme work in practice? In this month’s budget, the Treasurer announced that almost all Australian businesses will be able to write-off the full value of all new assets purchased over the next …

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Arabon Accountants Federal Budget Wrap Up

Australian Federal Budget 2020-21 Wrap Up

The 2020-21 Federal Budget has been described as the most anticipated in our history defining its post-COVID road to recovery despite the country experiencing its worst economic conditions since World War 2.  In this article we sift through the federal budget’s contents and what they mean for our nation’s SMEs. Personal income tax cuts The …

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