Instant asset write off increased to 150,000

How to take advantage of the Instant Asset Write Off

If you are thinking about purchasing assets (vehicles, equipment, machinery or anything else) for your business before end of financial year, you may be eligible to take advantage of the government’s Instant Asset Write-Off (IAWO), which has been increased to $150,000 per asset. This could result in significant tax savings just for purchasing assets before 31 December 2020.

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