It’s tax time 2020: Tax Office toolkit offers support for small businesses
The toolkit includes a set of fact sheets to help small businesses understand a range of topics, including pausing or permanently closing a business due to COVID-19.
Proposed changes to instant asset write-off legislation to benefit small businesses
Under the changes, small businesses may immediately claim tax deductions on assets costing less than $25,000, with no limit on the number of assets to be claimed until 30 June 2020.