Increase To Instant Asset Write Off

#smallbusiness #tax #solveadvisory

On 29 January 2019, the Prime Minister announced that the government will introduce legislation to increase the $20,000 instant asset write-off threshold to $25,000 from 29 January 2019 until 30 June 2020.

While this proposal is not yet law, given the Federal election is around the corner you can bet that the legislation is not far away.

The current Law allows for eligible small business to write-off in full the value of eligible assets where the total cost is less than $20,000 purchased prior to 30 June 2019.

Contact us to discuss whether you are eligible and ensure you receive the benefit.

More details on the changes are here.

If you are located on the Gold Coast or Brisbane or surrounding areas Contact Us at Accorti Accountants +Advisors

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Accorti Accountants + Advisors

At Accorti Accountants + Advisors we are focused on practical business accounting solutions. We provide objective advice, support and guidance and specialise in helping private, family-owned business’ and their owners. We have the knowledge and expertise required to help you achieve goals, manage risk and maximise your business potential. We are honest, straight-forward and down to earth.

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