What does the budget mean for Small Business???

budget-2018Here are the main points of the 2018 Budget in regards to Business Income Tax:

  • The Small Business $20,000 immediate write-off will remain until at least 30 Jun 2019;
  • The Research and Development Tax Incentives for companies with more than $20m turnover will be reduced

So the $20k write off will continue for a while longer! Talk to your accountant to see how you can take advantage of that (or call us).

 

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