What’s changing on 1 July?

Company tax rate reduces to 26% for base rate entities $150k instant asset write-off scheduled to reduce back to $1,000 for small business entities and will no longer be available for entities with an aggregated annual turnover of $10m or more, although accelerated depreciation rules apply to certain entities until 30 June 2021 Cents per km rate for work-related car expenses increase to 72 cents Expected reforms to allow 66…  Read more

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