In the 2020-21 Federal Budget, the Government announced that businesses with aggregated annual turnover of less than $5 billion would be able to claim an immediate deduction for depreciating assets acquired after Budget night until 30 June 2022. The new rules have already been rushed through Parliament.
The New Instant Asset Write-Off Rules Webinar covers the technical detail and practical application of the key changes to the depreciation rules that are likely to impact on your business clients over the next couple of years.
We work through the timing rules, identify which assets can qualify for an immediate deduction, what to do with SBE general pools and the restrictions that apply to some larger business entities and groups.
FPA Accreditation 23100
Regulatory compliance and consumer protection = 0.50
Technical Competence = 1.00
This essential session covers:
Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy
Michael is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.
*The office rate applies per office location (maximum temporarily increased to 20 participants per office location). The PD points for all attendees will be recognised.
Terms & Conditions
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed. Refunds are only possible if the webinar recording has not been accessed.