15 November 2018 - GAP Accountants
Fast-tracking tax cuts for small and medium businesses

The Government has fast-tracked the already legislated tax cuts to small and medium businesses by bringing them forward five years.
Companies with an aggregated turnover of less than $50 million will have a tax rate of 25% in the 2022 income year (instead of the 2027 income year based on the previously legislated timeline).
Similarly, the increase in the tax discount to 16% for unincorporated entities will apply from the 2022 income year, rather than the 2027 income year.
Small and medium businesses will appreciate the earlier access to the already legislated tax cuts.
Latest News
05 May 2022 - GAP Accountants
04 May 2022 - GAP Accountants
03 May 2022 - GAP Accountants
14 April 2022 - GAP Accountants
13 April 2022 - GAP Accountants
12 April 2022 - GAP Accountants
09 April 2022 - GAP Accountants
12 March 2022 - GAP Accountants
Categories
- Accounting (20)
- ASIC (1)
- ATO update (242)
- ABN (2)
- ATO audits (23)
- ATO scam alert (11)
- Budget updates (13)
- Communication (6)
- Court rulings (8)
- Data-matching (24)
- Technology (9)
- Business (103)
- Benchmarking (5)
- Employing (31)
- Small businesses (41)
- Corporate (18)
- Division 7A (6)
- COVID-19 (40)
- Disaster Relief (6)
- Federal Election (1)
- Finance (14)
- Cryptocurrency (5)
- Foreign/off-shore issues (15)
- GAP Office Update (1)
- Industry (24)
- Construction (7)
- Contractors (2)
- Courier/driving (6)
- Farming (2)
- Gig Economy (1)
- Medical (2)
- Retail (4)
- Sharing economy (7)
- JobKeeper (23)
- LCT (1)
- Single Touch Payroll (11)
- Superannuation (75)
- Division 293 (2)
- LRBA (6)
- Self-managed super funds (12)
- Superannuation contributions (32)
- Superannuation Guarantee (2)
- Taxation (190)
- CGT (7)
- Deductions (39)
- Depreciation (11)
- FBT (23)
- GST (24)
- HELP/VSL/TSL debt (1)
- LCT (1)
- PAYG (11)
- Private Health Insurance (1)
- Properties (3)
- Rental property (16)
- Tax debt (4)
- Tax Records (3)
- Uncategorised (7)