Small business concessions
Unlocking Tax Concessions for Small Business Owners ATO’s Reminder The ATO has recently issued a reminder that small business owners may be eligible for concessions on the amount of tax Read More…
2020/21 Federal Budget Summary
Omnis Group Federal Budget Summary 2020/21 Key points Changes to personal income tax rates Expanding access to Small Business Tax Concessions JobMaker Hiring Credit Uncapped immediate write-off for depreciable assets Read More…
Small businesses expanded tax concessions
What’s new for Australian business? The ATO has recently reminded small businesses of the expanded tax concessions potentially available to them, as outlined below: The pending increase in the small Read More…
Big changes proposed to eligibility for the CGT SBCs
Treasurer has released draft legislation containing new “integrity improvements” to CGT small business concessions (SBCs) Includes the 15-year exemption, the retirement exemption, the 50% active asset reduction and the small business Read More…