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.