Changes to the small business instant asset write-off

Changes to the small business instant asset write-off

The recently passed Bill also increased the write-off threshold from $20,000 to $25,000 – which took effect retrospectively from 29 January 2019.

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Single Touch Payroll (STP) for small and micro employers

Single Touch Payroll (STP) for small and micro employers

Single Touch Payroll (STP) is an electronic way to send payroll information including tax and superannuation to the ATO from the payroll/accounting software each time you pay your employees.

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