Accountants welcome business tax changes in the 2020-21 Budget
By Shengyin Li · 8 October 2020 · Australian Budget 2020
By Shengyin Li · 8 October 2020 · Australian Budget 2020
Get ready for a game-changer in the 2020-21 Budget. Find out how accountants are welcoming business tax changes that could boost investment and growth.
The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key announcements under the Government’s business investment strategy are the immediate expensing and loss carry-back provisions for businesses with an annual turnover of up to $5 billion. Under immediate expensing, businesses […]