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Keep up to date with the latest news at Future Accounting
Insights
The $20,000 Instant Asset Write-Off Is Permanent - But That Does Not Mean You Should Spend $20,000
The permanent $20,000 instant asset write-off offers eligible small businesses greater certainty, but it should not drive unnecessary spending. Understand how tax deductions affect cash flow, what eligibility rules matter and how to assess the commercial value of an asset before buying.
Oct 203 min read
The New $1,000 Work-Related Deduction — Do You Still Need to Keep Your Receipts?
From the 2026–27 income year, eligible Australian workers may be able to access a standard work related deduction of up to $1,000. But it is not a $1,000 refund, and keeping records may still be important when actual work related expenses are higher.
Sep 104 min read
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