The Federal Budget delivered last night announced various measures aimed at assisting businesses and regions to recover.
Key initiatives include:
- Extension of temporary full expensing providing immediate deductions for business investment in capital assets
- Loss carry-back provisions extended by one year
- Extension of the low and middle income tax offset
For further details, please refer to our concise and helpful Federal Budget 2021-22 Summary*
*Please note that this Summary is about proposals, which have not yet been legislated.
If you have any concerns or would like to discuss how the Budget changes may affect you and your business, please contact us: 3217 5700 or [email protected]
