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Tax Institute labels $20K tax break 'confusing'

While supporting the extension of the $20,000 instant asset write-off, the Tax Institute has warned small businesses to read the fine print and not get caught out by confusing elements of the tax break.

Tax Institute labels $20K tax break 'confusing'
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Last month, the government announced that legislation to extend the $20,000 instant asset write-off for small businesses for another year was passed by the Senate with no amendments.

Read the full article on Accountants Daily.

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