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Key Tax Deductions for Small Businesses in 2024
With tax season approaching, it's essential to understand the rules for asset write-offs to maximise your tax refund and ensure future business success. Discover how your business can benefit from these deductions.Essential Tax Deduction Strategies for Small BusinessesMaintain Accurate Records: Use the myDeductions tool in the ATO app to keep your records organised.Deduct Bad Debts: If your business can't recover a debt, you may be eligible for a tax deduction for the written-off amount.Prepay C
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6th May 2024