Government Stimulus Package Response to the Coronavirus

In response to the anticipated economic downturn resulting from the Coronavirus pandemic, the government has announced a number of economic stimulus measures for the 2019/20 and 2020/21 income years. Most of these are targeted to help small to medium sized businesses. The announced measures at this stage are: Instant asset write-off For businesses with under $500m in turnover, they will be able to claim an instant asset write-off of asset…  Read more

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