The $20,000.00 instant asset write-off for businesses with aggregated annual turnover of less than $10 million has been extended for another 12 months – to 30 June 2019. An SBE may also deduct the balance of its general small business pool at the end of an income year if the balance of the pool at...Read More
On 8 May 2018, the Victorian Parliament passed the Long Service Leave Act 2018 (Vic) (the New Act). The New Act repeals the Long Service Leave Act 1992 (Vic) (the Current Act) and introduces key changes to Victorian employees’ long service leave entitlements. The New Act has come into effect on 1 November 2018. The major differences between the...Read More
Recently we have seen a number of key developments in relation to company tax rates. It has been confirmed that the Government will no longer extend the company tax cuts to larger companies. This means that only those companies which have aggregated turnover of up to $50 million potentially will be eligible for a tax...Read More
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