Update Friday 26 June
Check if your business can take advantage of these small business tax concessions before 30 June, including: Immediate deductions for prepaid expenses – if your turnover is less than $10 million and you've paid for expenses (such as rent, registration fees, insurance or advertising) before June 30 and these end in next financial year, you can claim them as deductions in this year’s tax return. Instant asset write-off – you can claim an immediate deduction for the business por