New Director Identification Requirement
In 2020 the Federal Government announced the introduction of a Director Identification Number (Director ID) to try and prevent the use of false or fraudulent director identities. The new Australian Business Registry Service (ABRS) is responsible for administrating the Director ID initiative. Visit their website https://www.abrs.gov.au/ for further information. This program takes affect from November 2021 […]
What is Temporary Full Expensing (TFE)?
As business taxpayers prepare their 30 June 2021 income tax returns they will need to consider their depreciation claim for depreciable business assets. These considerations may need to include whether the following rules may apply Instant Asset Write Off (IAWO) or Temporary Full Expensing (TFE) – Eligible businesses can claim an immediate deduction for the […]
