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instant asset write-off with budget changes now law
The Treasury Laws Amendment (Increasing and Extending the Instant Asset Write-Off) Bill 2019 – introduced as Treasury Laws Amendment (Increasing the Instant Asset Write-Off for Small Business Entities) Bill 2019) – received Royal Assent on 6 April 2019 as Act No 51 of 2019.
RENTAL DEDUCTIONS: ATO AUDITS TO DOUBLE
The ATO has warned that it will double the number of audits scrutinising rental deductions this year.
shortfall penalties reduced under new ato initative
The initial results of the ATO’s penalty relief initiative look positive.