Federal Budget Wrap 2021
The 2021 Federal Budget was handed down on Tuesday 11 May. Following is a summary of the headline measures. BUSINESS Temporary full expensing – this depreciation measure will be extended by one year to 30 June 2023 providing eligible businesses (those with an aggregated turnover of less than $5 billion) with more time to access this incentive. Full expensing assists cashflow by allowing...