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In another Budget boost for small businesses, the government has extended the instant asset write-off by another 12 months. Businesses with an aggregated annual turnover of less than $10 million will continue to be able to immediately deduct eligible depreciating assets (which can be new or second-hand) costing less than $20,000, which are first used […]

About one million small businesses will receive $325 off their bills over the 2024-25 financial year, in addition to a $300 rebate that will be provided to all households. These energy credits, which were announced in the federal government’s 2024-25 Budget, will be applied in quarterly instalments, starting from 1 July 2024. “The government is […]

In worrying news for the small business sector, insolvency levels have reached their highest point in nine years. Insolvency levels in the March quarter were 41.1% higher than the year before and 145.7% higher than the year before that, according to the latest data from credit bureau Equifax. Business owners in the construction and hospitality […]