What the 2026 Budget Means for IT Contractors
In short: For Australian IT contractors, the 12 May 2026 Federal Budget made the $20,000 instant asset write-off permanent (now law) and brought back loss carry-back for Pty Ltd companies under $1 billion turnover. Payday super applies from 1 July 2026 if your company pays you a director's salary. The $1,000 flat deduction covers only wage or director income, not PSI.
Read More