The 2022-23 Federal Budget delivered much-needed tax breaks and business grants for small and mid-sized businesses. The biggest news was the allocation of up to $1 billion for digital adoption through the ‘Small Business Technology Investment Boost’ and ‘Small Business Skills and Training Boost’ measures. The new measures enable businesses to claim a $120 deduction […]
3 Traps You Need to Know About the Instant Asset Write-off
The increased instant asset write-off from $25,000 to $30,000 comes as great news to all small business owners who want to invest more in growing their business. However, before we start ticking off a shopping list, there are some traps of the write-off that we should be aware of to avoid any future issues. So […]