08 Aug 2019 Small business updates
Key webinar topics for small business
The ATO is offering webinars for people who are just starting a business, thinking about starting a new business or who want to update their knowledge. Find out more here.
Capital allowances: low-cost assets – threshold rule for small business
The threshold rule allows you to claim an immediate deduction for most business expenditure of $100 or less to buy tangible assets.
The rule is meant to help you save time because you don't need to decide whether each purchase is of a revenue nature (and so immediately deductible) or of a capital nature (usually written-off over time).
The threshold rule is available to businesses that aren't using the small business entity simplified depreciation rules.
Find out more here.