2 in 3 businesses planned to purchase capital in FY21, should the asset write-off be extended?

By Guest Author · 1 June 2020 · Featured

2 in 3 businesses planned to purchase capital in FY21, should the asset write-off be extended?

Capital Investments on Hold?

With 2 in 3 businesses planning to invest in FY21 before COVID, a looming question remains: will asset write-offs be extended to save struggling businesses?

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Summary

Research reveals that, before the outbreak of COVID, 2 in 3 businesses had planned on investing in capital in FY21, which asks the question of whether the asset write-off threshold should be extended further. The figure comes from an independent survey of 261 Australian businesses – 88 per cent of which are SMEs – commissioned by Money.com.au, […]