The Government has recently introduced legislation that would make the $20,000 instant asset write-off permanent for small businesses (as announced in the 2026 Federal Budget).
The Government has also recently introduced legislation to re-introduce the ‘loss carry back’ measure for companies from 1 July 2026. If enacted, this will allow most companies to carry back a tax loss and apply it against tax paid in either, or both, of the previous two income years, basically giving rise to a tax refund for the loss year.
The ATO has received concerning reports of a new email impersonation scam claiming to be from the ATO. […]
