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COVID-19 Low Value Asset Threshold Depreciation

COVID-19 – Low-value asset threshold depreciation

A reminder to all businesses that the temporary legislation to increase the low-value asset threshold from $500.00 to $5,000.00 will be in place until 16th March 2021. For assets purchased after this date, the threshold permanently increases from $500.00 to $1000.00. This threshold means that for business assets purchased under this threshold, you can deduct the asset’s full cost within…

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4 Tips to Work Better From Home

4 Tips to Work Better From Home

Covid-19 has significantly changed our way of life from socializing to how we do our job. For many of us, working from home has become the new norm and it comes with its own set of benefits and drawbacks. The good news is that there are measures you can put in place in order to improve your work from home…

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