Posts tagged "how does the instant asset write-off work"

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

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 third leg of the government’s election tax package is an expansion of the instant asset write-off — but its not necessarily good for small business.