The aim of the loss carry-back legislation is to provide temporary cashflow support to Australian companies that were in a tax-paying position prior to the COVID-19 pandemic, but who now find themselves in a tax-loss position as a result of the pandemic and/or through obtaining accelerated deductions for depreciation under the new instant asset write-off measures.
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Borrowing can be a great strategy, but it can also be a hindrance depending on the reason that you are borrowing. Learn the power of borrowing and when it is a good idea in the following video.
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