Posts tagged "$20000 instant asset write-off"

The federal government should expand the instant asset write off to cover assets worth $150,000, and shield small businesses from prosecution if they abide by new codes of conduct, the Council of Small Business Organisations Australia says in its 2024 pre-budget submission.

Farmers say the federal government's refusal to extend the deadline for the instant asset write-off will leave them short-changed.

Australian small-business owners are celebrating the government's proposed boost to the popular instant asset write-off scheme.

The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.

Another extension of the instant asset write-off scheme is on the cards ahead of MYEFO, small business Minister Michaelia Cash says.

While the government's instant asset write-off scheme forms a key part of its small business policy, a large number of firms aren't using it.

In what's sure to be good news for Australian business owners, the popular $20,000 instant asset write-off tax scheme has been extended for 12 months.

Two key pieces of SME-specific legislation have failed to be put to the Senate for debate after numerous parliamentary sitting weeks, despit…

A back-log of highly-anticipated tax changes are yet to be passed by the Senate, created uncertainty for small business owners.

In an unexpected move, the Australian Greens party have attempted to push an amendment to the highly popular instant asset write-off for small businesses through the House of Representatives, seeking an additional write-off scheme with a higher expenditure limit for clean energy assets.

Tax breaks are few and far between, and the $20,000 instant asset write-off scheme is a ripper. But more than 60% of businesses aren’t ful…

Small Business Minister Craig Laundy says as a businessman himself, he understands the priorities for smaller operators, but the challenge i…