Small business
Small Business can Instantly Write-Off Assets Worth up to $20,000!
It’s official – the $20,000 small business tax write-off scheme will be extended! Small businesses with a turnover of less than $10 million can immediately write-off expenditure up to $20,000 for a further year. The Treasurer said “Small businesses owners are out there growing their businesses every day. They deserve our respect and support” Prior to the introduction of the scheme, small businesses could only write-off assets worth up to $1000. Last year the government also dropped the tax rate…