Instant Asset Write-off - Proposed Extension

Rudd Hannay Accountants • February 6, 2019

On 29 January 2019, the Prime Minister announced that the government will introduce legislation to increase the Small Business $20,000 instant asset write-off threshold to $25,000 from 29 January 2019 until 30 June 2020. This proposal is not yet law and will be introduced into Parliament shortly.

Maximise Your Savings Today!

Rudd Mantell Accountants, your reliable Brisbane business accountants, want to keep you informed about the proposed increase to the instant asset write-off threshold. This change could provide substantial benefits to your business. Contact us for more details about our SME accounting services via our online form, by calling 07 3371 7855 or emailing us at admin@ruddmantell.com.au

 

Further details from the Tax Office can be found here Instant asset write-off - ATO.pdf

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