Last Updated 23 July 2020
Treasurer Josh Frydenberg, recently announced that the federal government's $150,000 instant asset write-off scheme will be extended until the end of the calendar year!1
This comes as welcomed news for business owners looking to buy equipment, machinery, and other materials for their business. The extension was initially in place until 30 June 2020 and the deadline has now been pushed out until 31 December 2020.
The $150,000 instant asset write-off is set to drop back to $30,000 from 1 January 2021. So get in quick and find out how you can make the most of the instant asset write-off and give your business a head start.