hospitality business owner going through records during COVID

What the “full expensing” write-off deduction means for business

The Federal Budget measure of allowing businesses to fully write-off eligible assets is a blessing for Australian businesses, even though the measure is temporary. Just to recap, businesses with an aggregated annual turnover of less than $5 billion are able to deduct the full cost of eligible capital assets acquired from 7:30 pm AEDT on …

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