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Instant asset write-off

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 this office for details if you think your business qualifies.