Decode Tax Accountants
The instant asset write-off has seen its threshold bumped up in recent times, moving to $25,000 and then $30,000 in the build up to last year’s federal election, before jumping to $150,000 as part of the government’s first round of stimulus measures in response to COVID-19. “The instant asset write-off also helps to improve cash flow for businesses by bringing forward tax deductions for eligible expenditure. The threshold applies on a per-asset basis, so eligible businesses can immediately wri