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Government extends business tax benefit through to 2021

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Businesses making up to $500 million per year will be allowed to continue writing off newly purchased assets worth up to $150,000 under an extended scheme designed to boost cash flow.

The new rules for the Instant Asset Write-Off scheme will be extended to the end of the yearTreasurer Josh Frydenberg says the scheme will help businesses recover from the coronavirus crisis

Today Treasurer Josh Frydenberg said that arrangement, which was due to end on July 1, would remain in place until the end of the year."We do know that there are businesses that are ready to invest right now," he said. Without the scheme, businesses would have to deduct the depreciation of their assets over several tax returns.

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But not child care for human beings

Extends tax benefits to business, takes away free child care for families. And you want to know why our Politicians are corrupt, paid under the table to family and we all go baa

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