Category: tax

Used Car $30k instant asset write-off.

September 17, 2019

$30k instant asset write-off.   Steve sell 17/09/2019 Did you Know?  You can buy a new or used car under the asset write-off  scheme.   There have been changes to the government’s Instant asset write-off scheme. The Federal Government, in the 2019-2020 Budget Announcement, proposed to increase the instant asset write-off threshold from $20,000 to $30,000 for eligible assets. And to apply the benefits to small and medium sized businesses with an annual turnover of up...

Read more