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News & Articles on Finance & Business, Accounting, Taxation, SMSF & more

The Federal Budget 2017

Business $20,000 instant asset write-off extended  The popular $20,000 instant write-off for assets purchased by businesses with an aggregated turnover of $10 million or less is extended until 30 June 2018, further improving cash flow. Be mindful that this depreciation only applies to some assets and that they will need to be installed and ready for use by 30 June 2018 to qualify. Assets costing over $20,000 can be allocated to a pool and depreciated at a rate of 15%

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