Posts tagged "instant asset write-off extended"

The end of financial Year is approaching and there's plenty of changes to understand in 2020. Here are key EOFY tips for SMEs and sole traders to help you stay on top of your affairs.

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.

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