Extension of the Instant Asset Write-off

By |2020-06-22T16:57:53+08:00June 22nd, 2020|Categories: Article, News, Small Business, Taxation|Tags: , , , , , , , |

Originally announced in March 2020, the instant asset write-off threshold increased to $150,000 and has now been extended until 31 December 2020. Initially, the increased threshold was intended to run until 30 June 2020, and allowed eligible businesses with a turn-over of less than $500 million to claim an immediate tax deduction for assets, where the [...]