1 April 2016
Did you know there are tax concessions available that can help your small business grow? Find out which ones you can use and when they start so you can benefit.
Some concessions for small businesses include:
You can qualify for the first six concessions if your small business has a total turnover of less than $2 million either in the year you use the concession or the year before that. However, all primary producers can access accelerated depreciation regardless of turnover.
Stay tuned and we’ll make sure you’re in the know about tax concessions that could apply to you!
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Eligible small businesses can immediately deduct assets costing less than $20,000.