Access your income statement
You will receive either an income statement via myGov or a payment summary from your employer depending on how
This tax time, small businesses with a turnover of less than $10 million can write off assets costing less than $20,000 each in their 2016-17 return. All simplified deprecation rules will apply to assets when choosing this method.
To use simplified depreciation rules correctly you must:
The $20,000 write-off threshold now applies until 30 June 2018.
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