Home | Business Victoria
The Victorian Government resource to help businesses start up, develop & grow. Find grants, templates & more.
Actived: Sunday Jan 17, 2021
6 questions to ask this tax time - Business Victoria Hub
4. What is the instant asset write-off? You might have heard about the instant asset write-off, but not know exactly what it means. If you bought an asset before 30 June that cost under a certain threshold, you can claim a deduction for the full business portion of the expense in your 2019 tax return.
13 ATO tips to get ready for tax time (2020)
Include all your income in your income tax return, including cash, coupons, EFTPOS, online, credit or debit card transactions, and income from other platforms such as PayPal, WeChat or Alipay. You may also have income from business assets, other business activities or capital gains.