During the Budget Announcement in May by Joe Hockey, the put forward legislative changes for small business. These legislative changes were passed by Parliament last month. They come into effect on: The instant asset write-off has be reducedfrom $6,500 to $1,000 Abolition of the company loss carry-backfrom 1 July 2013; Abolition of accelerated depreciation for … Continue reading Changes to Tax Concessions for Small Business