Tag Archives: small businesses

Car expenses: using the cents per kilometre method

The cents per kilometre method is a simple way to work out how much you can deduct for car-related work or business expenses. Only individuals, including sole traders, or partnerships (where at least one partner is an individual) can use the cents per kilometre method. So if you operate your business through a...
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Small business bonus deduction: technology investment

https://youtu.be/D5Qxx_sxzxg?si=082-tZwV0repUkUg Small businesses can access a 20% bonus deduction for eligible expenditure incurred on business expenses and depreciating assets for the purposes of their digital operations or for digitising operations. The bonus deduction applies to up to $100,000 of eligible expenditure incurred in each period between 7:30pm on 29 March 2022 and 30 June...
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Budget 2023: What’s In It For Small Businesses?

The 2023 Budget has been handed down by Treasurer Jim Chalmers. In addition to the cost-of-living and welfare measures leaked ahead of the Budget, the government also released new measures relating to businesses.  The government has forecast a Budget surplus of $4.2bn in 2022-23, but an underlying cash deficit of $13.9bn is...
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