Just a reminder to all businesses that the instant asset write-off deduction you have been enjoying since October 2020 is proposed to come to an end on 30 JUNE 2023. Although this is still some time away, given how fast the year disappears and with the ongoing delays in asset supplies and deliveries across the world, if you want to enjoy the benefit of this immediate deduction, start planning NOW.  Remember, the criteria for the asset to be deductible is that it MUST be installed ready for use (or in use) on or before 30 June 2023. Putting an order in is not sufficient.  Beyond this date (subject of course to any further extensions and none are currently planned) there will be a return to the ‘olden’ days where assets exceeding $1,000 have to be depreciated over a number of years.