Update: Carry Back Company Losses – Budget 2020-21
Update: Carry Back Company Losses – Budget 2020-21. MB+M Director, Anna McIntosh, discusses the changes in the treatment of losses resulting from the Government 2020-21 Budget.
These changes provide fantastic opportunities for businesses to apply losses in the 2020, 2021 & 2022 against 2019 profits, potentially receiving a refund. Thus providing funds for asset purchases or operational expenses.
Carry Back Company Losses – Areas Covered:
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- Tax loss offset.
- Offsets against 2019 profits.
- How carry back company losses works.
- When refunds will be available.
- How losses can apply to Instant Asset Write Off.
- Plus More…..
These changes could have a significant impact on your business. So watch the video as Anna walks you through the changes for “Carry Back Company Losses – Budget 20-21” and what it means for you.
VIDEO FOLLOWS
Anna McIntosh, MB+M Director – Update: Carry Back Company Losses – Budget 2020-21
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If you have questions about how changes to Carry Back Company Losses affects you, please call MB+M and speak to Anna McIntosh, or one of our other expert Business Advisors. Call us – 03 5821 9177.
Additional Resources:
1. MB+M: Update: Instant Asset Write Off – Budget 2020-21
2. ATO: Loss Carry Back
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