Search
Categories
Category Archives: Small Business Tax
1 - 3 of 3 articles shown
Accelerated depreciation write-off for SMEs
July 1st, 2015Legislative amendments to implement a 2015 Budget measure to support small businesses have made their way through Parliament. The legislative amendments will allow a short-term accelerated depreciation write-off up to $20,000 (up from the $1,000 threshold) for assets acquired by small businesses. The increased threshold...
Read more
Small business can now write off assets under $20,000
July 9th, 2015An eligible small business can claim an immediate deduction for any software costing less than $20,000, purchased off the shelf,that is used exclusively in the business. An eligible small business can also claim an immediate deduction for the cost of developing software for use exclusively...
Read more
R&D tax incentive rate reduction back in spotlight
July 15th, 2015In the 2015 Budget, the Government reiterated its intention to change the rates of assistance under the R&D tax incentive to 43.5% (down from 45%) for eligible entities with a turnover under $20 million per annum and not controlled by a tax exempt entity, and...
Read more
1 - 3 of 3 articles shown
