COVID-19 Government Support – Backing Business Investment

On 12 March 2020, the Australian Federal Government announced details of the Backing Business Investment (BBI) package.

This package is intended to support small and medium business investment and growth over the relatively short-term. Its goal is to accelerate depreciation deductions for certain depreciable assets. Read more to see how this package can benefit your business.

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COVID-19 Government Support – Increase to the Instant Asset Write-Off.

This notice details the Federal Government announcement on 12 March regarding the increase to the Instant Asset Write-Off (IAWO). This came into immediate effect as of the announcement.

The packages are aimed at boosting the economy in the immediate short-term. Furthermore, their goal is to assist the recovery from the effects of the coronavirus outbreak in the long-term. Read more to see how this may affect or benefit your business.

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