Updated: Aug 26, 2020
As the 2020/21 financial year begins, incorporated businesses with a turnover of less than $50m will see their company tax rate reduced from 27.5% to 26%.
Small businesses are the backbone of Australia’s economy and are a vital part of the COVID-19 recovery, supporting them has never been more important.
If you have any questions, please contact us on 02 4402 8913
Small Business Tax Cuts