banks defer loan repayments

ATO releases tax time toolkit to help small businesses

The Australian Taxation Office (ATO) has released a tax time toolkit designed to help small businesses and their tax advisers. The toolkit packages up a series of easy-to-understand fact sheets on topics that small businesses need to know this tax time, especially given the tax implications of COVID-19.
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Federal Government’s budget boost to small businesses

The 2018-19 Federal Budget will aim to improve the business operating environment for small businesses in the café, restaurant and catering sector with an extension of the Government’s instant asset write off program to 30 June, 2019. The extension will enable small businesses with an annual turnover of up to $10 million to immediately deduct eligible assets, each costing less than $20,000.
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