What's New @ Dewings
Reduced 26% company tax rate starts 1st July -
In a little bit of non-COVID news, the company tax rate is set to reduce from 27.5% to 26% on 1st July this year, for 'base rate' entities.
COVID-19 $150,000 Instant Asset Write Off limit extended to 31st December 2020 -
The Federal Government has announced that the $150,000 Instant Asset Write Off limit will be extended for another six months to 31st December 2020, for businesses with annual turnover of less than $500 million.