Instant asset write-off update

In last month’s article about working from home, mention was made of the small business instant asset write-off. However this was written before the Federal Budget, which made changes to the write-off.

The small business instant asset write-off threshold has now been increased to $30,000. It has also been extended to cover medium sized businesses (aggregated turnover to less than $50 million).

Ask our office for details if you think your business qualifies.

You might want to read this article Instant asset write off.