Instant asset write off

Instant Asset Write Off Extended To 31 December

Businesses with a turnover of up to $500 million a year will be allowed to continue writing off newly purchased assets worth up to $150,000 The boost to the instant asset write off rules that the government put in place to help stimulate the Australian economy in the face of the COVID-19 crisis has been […]

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COVID-19 Instant Asset Write Off And Accelerated Depreciation

Instant asset write off provisions While many of the COVID-19 stimulus changes such as the JobKeeper payment are grabbing headlines, it is easy to overlook the significance of the $150,000 instant asset write off provisions. The key changes for the instant asset write off include the following: Certain business entities can access an immediate deduction

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