An increase in the Instant Asset Write-Off from $25,000 to $30,000, extra funding for export reimbursements and personal tax cuts are the biggest takeaways from this year’s Federal Budget.
Among the Instant Asset Write-Off increase and some extra money for export spending, the Government threw in a little surprise with this year’s pre-election budget with changes to the ABN system.
Hold on to your hats. Just weeks after the Government already announced an increase in the Instant Asset Write-Off from $20,000 to $25,000, tonight’s Federal Budget one-ups that.
Another year, another budget. Though this one’s at least a little interesting: with the federal election looming, who knows what Scott Morrison and Co. will pull out in their bid to stay in Canberra for another three years?
This year’s Federal Budget brings a lot for small businesses to enjoy, including an extension of the $20,000 instant asset write-off scheme.
The words “budget night” don’t exactly fill small businesses with excitement. Yet that’s where we are again, with just under a month to go until Canberra opens its coffers.
The Federal Budget outlines $300 million to be given to states and territories to reduce the amount of red tape facing small businesses.
The Federal Government has announced measures Federal Budget for new ways to digitise licensing and business registration services.