The government is loosening the criteria around the instant asset write-off. Pre-Coronavirus, businesses with a turnover of up to $50 million could instantly write-off the purchase of assets costing up to $30,000. Post-Coronavirus, businesses with a turnover of up to $500 million can write off asset purchases of up to $150,000.
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Published by David Dahm
Founded by CEO David Dahm, Health and Life does more than just your tax return. We work with like-minded, aspirational and ethical people to build a sustainable and socially responsible healthcare system. Unlike David, you shouldn't have to nearly die to start living your dreams. "After working long hours as an accountant, I had a car accident at 5:30am while asleep at the wheel and hit a tree. I very nearly lost my life. It was then that I decided to become a patient advocate as well as an accountant." View all posts by David Dahm