The Government recently released a report containing a number of proposed changes to the Australian tax system.
Some of the proposed changes that may affect small business include:
- instant write-off of some business assets
- simplified depreciation methods
- reduction of the small business company tax rate
- an increase to employer superannuation contributions.
For more information on the proposed tax reforms and to view the full report, visit the Stronger, Fairer, Simpler website.
