Federal Budget: small business $20k instant asset write-off scheme extended by one year
By James Harkness · 10 May 2017 · Finance
By James Harkness · 10 May 2017 · Finance
The Federal Budget has just announced a crucial extension to the instant asset write-off scheme, but for how long? Find out what this means for your business and whether it's a game-changer.
Businesses with an annual turnover of up to $10 million will benefit from the $20,000 instant asset tax write-off scheme for a further 12 months, the Government announced in the Federal Budget. The extension has generally been welcomed, although there have been calls to make the measure permanent and increase the write-off threshold to benefit more businesses. […]