$20,000 Instant Asset Write-Off EXTENDED!
If you are a small business, with an annual turnover of under $10 million you can immediately write-off eligible assets that cost less than $20,000 per item, which are first used or installed ready for use by 30 June 2019. The asset can be new or second hand.
From 1 July 2019, the immediate deductibility threshold will revert back to $1,000.
Please contact our office to discuss GST registration implications.