2015 Federal Budget: $20,000 Instant Deduction for Small Business

The Federal Budget released on 12 May 2015 announced a deduction of capital expenditure for assets up to $20,000 for Small Business Entities (SBE). A SBE is an entity (company, trust, partnership or individual) that has an aggregate business turnover of less than $2 Million. Points to note regarding the instant deduction measure include: Applies…