$25,000 Small Business Instant Asset Write-off

In January, it was announced that the Small Business Instant Asset Write-Off would be increase to $25,000 (currently $20,000) and be applicable until 30 June 2020. Prime Minister Scott Morrison announced that the new law would apply from 29 January 2019, when passed, and apply to all businesses with turnover under $10 million. While the legislation was introduced into Parliament on 13 February 2019, it was passed on 4 April…  Read more

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