Are you eligible to claim the Instant Asset Tax Write-Off? Eligible businesses can claim an immediate deduction for the business portion of the cost of an asset. The eligibility criteria and threshold changes over time. The ATO also has 3 temporary tax depreciation incentives available to eligible businesses. Please contact us to discuss how these can affect your business. More information is available on the ATO website link below.
Instant asset write-off | Australian Taxation Office (ato.gov.au)