Don't forget the instant asset write-off! - Halletts

Published: 2 June 2019

Written by Felicity Magnussen

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Categories: Taxation

A reminder for small businesses with a turnover of less than $50m – don’t forget the higher instant asset write-off threshold of $30K (that’s per item!) now applies to business assets purchased and first used between 2 April 2019 and 30 June 2020. To get a deduction this tax year, the item(s) must be installed ready for use before 30/6/19 – if you’re not sure or need help with your tax planning BEFORE the end of the financial year, please ask your friendly Halletts team member!

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Don’t forget the instant asset write-off!