With the passing of the Treasury Laws Amendment (Accelerated Depreciation for Small Business Entities) Bill 2017, the ability for Small Business Entity (SBE) taxpayers to claim an outright deduction for depreciating assets costing less than $20,000 has been extended until 30th June, 2018. To qualify for an immediate deduction: • Depreciating assets must cost less than $20,000. • The asset … Continue reading Treasury Laws Amendment – Great News for Small Business!