Extending the $20,000 immediate write-off for small business
Under current law, the $20,000 immediate write-off ends on 30 June 2017. However, the Government has extended the concession by 12 months to 30 June 2018 for businesses with an aggregated annual turnover less than $10 million.
This is extremely tax-effective for small businesses, however there are special rules regarding this write-off. Contact our office now on 6583 5327 for an appointment to discuss how we can maximise this opportunity for your business.