Us small businesses have been celebrating the recent extension to the instant asset write-off 2019 threshold that was announced during the 19/20 Federal Budget speech. The increased amount from $25,000 to $30,000 will allow more small and medium business owners to invest further in development by instantly writing off depreciable assets that cost the business […]
Instant Asset Write-off for Small Businesses increased to $30,000
Big news for small business owners! The government recently announced that not only will they be extending the instant asset write-off for small businesses, but also increasing it by a further $5,000, bringing the total to $30,000. With over 2 million small businesses set up around Australia, the tax cut is a positive sign that […]