Proposed tax reforms
Tuesday 04 May 2010The 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.
This content is supplied to Flying Solo via business.gov.au,
the Australian Government's principal website for business information and resources.
