If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it’s likely that you would have claimed a depreciation expense. So, what’s the difference between temporary full expensing and instant asset write-off? Temporary full...
The federal budget will unlock at least $10 billion of new investment in renewable power projects, with states already lining up for the funding. Energy Minister Chris Bowen confirmed on Wednesday the government’s commitment to a capacity investment scheme (CIS) for large-scale energy storage projects that...
The future value of companies is at stake as regulators, companies and governments grapple with sustainability and consumer protection. Federal Minister for Financial Services Stephen Jones warned a business audience that sustainable business must start in the boardrooms and in investment decisions, not marketing departments. “It has...
The private sector is confident the Albanese government can hand down a responsible budget that will be good for business. More than two-thirds of mid-sized business owners surveyed agreed the federal budget, due to be handed down next week, would be positive for the business community. But...
Australians exposed to data breaches will soon be protected by a dedicated privacy watchdog with extra funding to keep information secure. It will be the first time a standalone privacy commissioner has been appointed in more than eight years. There will also be increased funding in the...
Australian workers are set to retire with thousands more in their superannuation accounts thanks to more frequent payments from employers. From July 1, 2026, employers will need to pay super at the same time as wages and salary. The changes will leave the average 25-year-old earner about...