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Government has announced to extend the $20,000 immediate write off for another year to 30 June 2018.
What is $20,000 immediate write off?
Generally speaking, if you purchase asset over $100, you are required to depreciate the asset rather than claim it as immediate deduction/expense. However, for small business you can claim immediate deduction for assets cost up to $20,000 (exclude GST). This means that if you purchase a car for $22,000, after you claim back $2,000 GST, the remaining $20,000 can be written off in the same year against your income. This effectively means $6,000 in tax saving if your tax rate is at 30%.
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如何写好一份求职简历(连载) (2006-12-31) leily 
发表于 2017-5-22 23:39