UPDATE:
The eligibility date has been pushed back from 30 June 2022 as stated in this video to 30 June 2023 instead.
See the ATO's website for more details:
www.ato.gov.au/business/depre...
If you're a small business owner, then you're probably wondering what is the difference between temporary full expensing and small business write-off.
I know that tax season can be really confusing, especially when it comes to deciding which deduction to take.
So in this video, we're going to compare temporary full expensing with the small business write-off so you can make an informed decision on which one works best for your business.
Stay tuned!
Chapters:
00:00 - Intro
01:42 - The Timeline You Should Remember
02:46 - Aggregated Turnover Meaning
03:39 - The Temporary Full Expensing Extension
04:05 - Main Differences Between the Two Schemes
06:15 - Final Thoughts
Check out our Temporary Full Expensing article: duotax.com.au/temporary-full-...
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Tuan is the Director of Duo Tax Quantity Surveyors. For the past five years, he and his team have helped thousands of property investors maximise their tax deductions through the power of tax depreciation schedules. As an avid property investor himself, his mission is to help all property investors get the most value out of their investments.
Contact us:
duotax.com.au/getaquote/
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Connect
Website: duotax.com.au/
Facebook: / duotax
LinkedIn: / duo-tax-quantity-surve...
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Video produced by Social Wave
www.socialwave.com.au