In the news – we’ve got some info on the instant assets write-off, see article excerpt from The Conversation below:
In its latest move to spur business investment, the government will extend its $150,000 instant assets write-off until the end of the year.
The six-months extension, which will be legislated, will cost $300 million in revenue over the forward estimates.
As part of the government’s pandemic emergency measures, in March it announced that until June 30 the write-off threshold would be $150,000 and the size of businesses eligible would be those with turnovers of under $500 million.
Read the full article from The Conversation – link below