Archive for May, 2017

Budget 2017-18 is Good News for Small Business

Earlier this week Treasurer Scott Morrison delivered the 2017-2018 Federal Budget to Parliament. There’s lots of good news for small businesses. The government proposes to extend the $20,000 instant asset write-off scheme from 1 July this year, allowing small businesses to immediately write off assets costing less than $20,000, rather than making deductions over several years. The government has committed to lowering the tax rate for small business, with … Read more »