instant asset write-off

instant asset write-off Archives

asset write-offs, purchases

SMEs flocked to avail themselves of uncapped instant asset write-offs before deadline

SMEs with declining or flat growth took most advantage of the Instant Asset Write-Off scheme, with 68 per cent purchasin...
asset write-offs, purchases

EOFY explainer: how small businesses can benefit from the instant asset write-off

The write-off can be used for multiple assets if the cost of each is less than the $150,000 threshold, but is only appli...
end of financial year

Myths around EOFY: why you shouldn’t leave it until 29 June to purchase your assets

The ATO rules with regard to the instant asset write-off, stipulate that the asset needs to be registered, and usable, p...

Current tax system sowing confusion among small-business leaders

Over half the SME leaders surveyed weren't aware they can use the $150,000 Instant Asset Write-Off allowing them to clai...

What can small-business owners claim at tax time in 2021?

Given the challenges small businesses faced in the past year, it helps to be aware of - and avail themselves of - all th...
asset write-offs, purchases

SMEs unaware of asset write-off update and confused with the tax system: research

SMEs who are unaware or confused about recent tax rulings and benefits available to them are advised to consult a tax ex...

EOFY: How to make the most of the instant asset write-off

With June 30 fast approaching, now is time for small-business owners to start evaluating the year that was and plan for ...