Posts tagged "ato instant asset write off"

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

There’s plenty for SMEs to be happy about in the 2022 budget, even if there is a lack of action on labour shortages, skills gaps and the instant asset write-off scheme.

In an uncertain business landscape, many are wondering how this budget sets the roadmap for small business recovery. 

So much has changed for small businesses so quickly due to the COVID-19 pandemic. While many small businesses have successfully enrolled in …

The instant asset write-off scheme has been extended again and will now last until December 31, giving businesses six more months to immediately claim on purchases up to $150,000.

While the government increased the instant asset write-off threshold to $30,000 earlier this year, businesses are looking for smaller purchases.

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.

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…