Instant Asset Write-Off: How Does This Affect Me?
On the 2nd of April 2019, the threshold for small business instant asset write-off increased from $25,000 to $30,000. Announced by the Government, this increase is available to all ‘small businesses’ with an aggregated annual turnover of less than $10 million. What is instant asset write-off? Businesses that meet the criteria of a ‘small business’…