Category: News


2021 Federal Budget

Key points: The instant asset write-off allows businesses to claim deductions upfront, rather than through depreciation Businesses have already been taking advantage of the scheme to scale up and meet increased demand The budget also includes tax breaks for gaming companies and microbreweries and distillers Temporary full expensing – The temporary investment tax incentive announced…

Continue Reading 2021 Federal Budget – What it means for businesses

The Federal Court has ordered that Safety Compliance Pty Ltd (Safety Compliance) pay penalties totaling $515,000 for making false or misleading representations to small businesses in connection with the supply of safety wall charts and first aid kits. In her judgment, Justice Farrell stated that Safety Compliance’s business model was “a systematic and deliberate scam…

Continue Reading Safety Compliance Pty Ltd and individuals ordered to pay penalties for misleading small businesses