Quarterly Market Update
She's On The Money
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The Tax Man Builds in $2,000 to Your Business
Businesses with a turnover of less than $50 million will be able to deduct an additional 20% of the cost of depreciating assets that are eligible under the small business energy incentive measure. The tax man builds that in because otherwise, if your assets didn't depreciate over time back, you'd end up buying a $2,000 air conditioner. So the tax man's like, let's just be reasonable about this and actually claim what you're losing on most assets - which is quite helpful. Base rates of supportive payments for JobSeeker and Youth Allowance have gone up by $40 from September. Government claims more than 5 million households are going to have up to
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