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Instant asset write-off 2023

Instant Asset Write-Off 2023: What you need to know

Curious about the instant asset write-off in 2023? After many extensions since being introduced in 2011, the instant asset write-off was extended as part of the Federal Budget in 2021 until 30 June 2023. Here’s an overview of the program and how it can help you in 2023. 

Picture of man examining papers with current liabilities

Current Liabilities and What They Mean for Businesses

Current liabilities are what a company needs to pay within the next 12 months or within its normal operating cycle. Knowing your current liabilities is important because it enables you to plan your finances and calculate important financial ratios. Here we’ll cover a list of items that are added up to determine the total current liabilities of your business.

Business owners with their inventory which are current assets

What Are Current Assets?

The term ‘current assets’ is used when analysing the finances of a business. Here we cover the factors that comprise current assets and how they are defined.

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