Why using the 20k Budget tax deduction might be the wrong decision
So, your business has a turnover under $2 million and you want to know how to use the $20,000 immediate tax deduction that’s been all over the news? Before you start spending, there are a few things you need to know. Does your business make a profit? Deductions are only useful to offset against tax. If your business makes a loss then a tax deduction is of limited benefit because … Read more