Government Asset Write Off
The Australian government has put into place incentive schemes to assist businesses. One of the schemes that is in place and available for Aussie enterprises is the Instant Asset Write off.
The Instant Asset Write-Off and Expansion
Valid from 12 March 2020 until 30 June 2020. The instant asset write-off has increased $150,000 to $30,000. Eligibility is for businesses with a turnover of under $500 million.
Immediate Deduction Claims
Businesses can claim immediate deductions for new assets, including thermal cameras and safety products and services Ava Safe supplies. For more information and advice, contact your accountant or visit the official Australian website: