#Instant Asset Tax Write Off
Federal Budget: startup wish list, part three
Ahead of tonight’s Federal Budget announcement, startups have urged the Turnbull Government to facilitate better access to finance for small businesses, extend the instant asset tax write-off scheme, better support startups with global ambitions, implement sharing economy regulations, expand the R&D tax incentive and incentivise early stage investments. Beau Bertoli (Prospa), Tim Bos (ShareRing), Mike […]
The $20,000 instant asset tax write-off has been used by 300,000 SMEs, says Federal Government
Nearly 300,000 small businesses have taken advantage of the Federal Government’s $20,000 instant asset tax write-off scheme, according to 2015-16 tax office data. The data was revealed by Minister for Small Business Michael McCormack, who described the instant asset write-off program as a “shot in the arm” for small businesses. “The instant asset write-off is […]