$20,000 Write off for Small Business

Now that the legislation is before parliament, here is a quick guide for the $20,000 write off for small business assets from this year’s Budget.

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Federal Budget 2015

The Treasurer, Mr Hockey, handed down his 2nd Federal Budget on 12 May, 2015. There is a predicted deficit of $35 billion for 2015/2016, coming down to around $7 billion in 2018/2019.

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