The Government has accelerated depreciation deductions for the next 15 months. Up until June 30, 2021, businesses turning over less than $500 million will be able to deduct 50 per cent of the cost of any eligible asset the moment it’s installed. It’s predicted these two tweaks to the investment rules could benefit up to 3.5 million businesses that collectively employ almost 10 million Australians.
Accelerated depreciation deductions to benefit businesses
Published by David Dahm
Founded by CEO David Dahm, Health and Life does more than just your tax return. We work with like-minded, aspirational and ethical people to build a sustainable and socially responsible healthcare system. Unlike David, you shouldn't have to nearly die to start living your dreams. "After working long hours as an accountant, I had a car accident at 5:30am while asleep at the wheel and hit a tree. I very nearly lost my life. It was then that I decided to become a patient advocate as well as an accountant." View all posts by David Dahm